SILG.L vs. SLVI.L

Last updated Jun 5, 2026

SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) and SLVI.L (IncomeShares Silver+ Yield ETP) are both Silver funds. SILG.L is passively managed, while SLVI.L is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. SILG.L charges 0.65%/yr vs 0.35%/yr for SLVI.L.

Performance

SILG.L vs. SLVI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) and IncomeShares Silver+ Yield ETP (SLVI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SILG.L is traded in GBP, while SLVI.L is traded in USD. To make them comparable, the SLVI.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, SILG.L achieves a 5.62% return, which is significantly higher than SLVI.L's -2.81% return.

SILG.L

• 1D: 0.35%
• 1M: 2.67%
• YTD: 5.62%
• 6M: 16.67%
• 1Y: 98.68%
• 3Y*: 45.51%
• 5Y*: —
• 10Y*: —

SLVI.L

• 1D: 0.45%
• 1M: 1.06%
• YTD: -2.81%
• 6M: 16.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SILG.L vs. SLVI.L - Yearly Performance Comparison

	2026 (YTD)	2025
SILG.L Global X Silver Miners UCITS ETF USD Accumulating	5.62%	85.23%
SLVI.L IncomeShares Silver+ Yield ETP	-2.81%	76.34%

Correlation

The correlation between SILG.L and SLVI.L is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.72

Return for Risk

SILG.L vs. SLVI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SILG.L

SILG.L Risk / Return Rank: 54
SILG.L Sharpe Ratio Rank: 60
SILG.L Sortino Ratio Rank: 50
SILG.L Omega Ratio Rank: 50
SILG.L Calmar Ratio Rank: 64
SILG.L Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SILG.L vs. SLVI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) and IncomeShares Silver+ Yield ETP (SLVI.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SILG.L	SLVI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.98	—	—
Sortino ratio: Return per unit of downside risk	2.43	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.16	—	—
Martin ratio: Return relative to average drawdown	7.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SILG.L	SLVI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.98	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	1.57	-0.89

Drawdowns

SILG.L vs. SLVI.L - Drawdown Comparison

The maximum SILG.L drawdown since its inception was -32.00%, smaller than the maximum SLVI.L drawdown of -35.73%. Use the drawdown chart below to compare losses from any high point for SILG.L and SLVI.L.

Drawdown Indicators

	SILG.L	SLVI.L	Difference
Max Drawdown Largest peak-to-trough decline	-32.00%	-35.73%	+3.73%
Max Drawdown (1Y) Largest decline over 1 year	-30.90%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-30.90%	—	—
Current Drawdown Current decline from peak	-24.56%	-32.25%	+7.69%
Average Drawdown Average peak-to-trough decline	-12.52%	-11.40%	-1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.74%	—	—

Volatility

Volatility by Period

	SILG.L	SLVI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	49.23%	50.00%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.40%	50.00%	-10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.40%	50.00%	-10.60%

SILG.L vs. SLVI.L - Expense Ratio Comparison

SILG.L has a 0.65% expense ratio, which is higher than SLVI.L's 0.35% expense ratio.

Dividends

SILG.L vs. SLVI.L - Dividend Comparison

SILG.L has not paid dividends to shareholders, while SLVI.L's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025
SILG.L Global X Silver Miners UCITS ETF USD Accumulating	0.00%	0.00%
SLVI.L IncomeShares Silver+ Yield ETP	0.11%	0.02%

Frequently Asked Questions

Can I hold both SILG.L and SLVI.L in my portfolio?

SILG.L and SLVI.L have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SILG.L or SLVI.L?

On fees, SLVI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SILG.L or SLVI.L?

SLVI.L is cheaper with a 0.35% expense ratio, compared with 0.65% for SILG.L.

What is the main difference between SILG.L and SLVI.L?

They also come from different issuers: Global X and IncomeShares. Their fees differ too: 0.65% for SILG.L and 0.35% for SLVI.L.