SILG.L vs. VVMX.DE
SILG.L (Global X Silver Miners UCITS ETF USD Accumulating) and VVMX.DE (VanEck Rare Earth and Strategic Metals UCITS ETF A) are both exchange-traded funds - SILG.L is a Silver fund tracking the Solactive Global Silver Miners Total Return v2 Index, while VVMX.DE is a Rare Earth & Strategic Metals fund tracking the MVIS Global Rare Earth/Strategic Metals. Both are passively managed. Over the past 3 years, SILG.L returned 39.52%/yr vs 3.48%/yr for VVMX.DE. At a 0.43 correlation, their price movements are largely independent. SILG.L charges 0.65%/yr vs 0.59%/yr for VVMX.DE.
Performance
SILG.L vs. VVMX.DE - Performance Comparison
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Different Trading Currencies
SILG.L is traded in GBP, while VVMX.DE is traded in EUR. To make them comparable, the VVMX.DE 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 -9.34% return, which is significantly lower than VVMX.DE's 29.16% return.
SILG.L
- 1D
- 0.00%
- 1M
- -24.12%
- YTD
- -9.34%
- 6M
- -6.79%
- 1Y
- 62.90%
- 3Y*
- 39.52%
- 5Y*
- —
- 10Y*
- —
VVMX.DE
- 1D
- -1.75%
- 1M
- -4.12%
- YTD
- 29.16%
- 6M
- 35.47%
- 1Y
- 149.03%
- 3Y*
- 3.48%
- 5Y*
- —
- 10Y*
- —
SILG.L vs. VVMX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SILG.L Global X Silver Miners UCITS ETF USD Accumulating | -9.34% | 153.98% | 13.53% | -6.34% | -8.01% |
VVMX.DE VanEck Rare Earth and Strategic Metals UCITS ETF A | 29.16% | 77.22% | -33.82% | -22.74% | -17.46% |
Correlation
The correlation between SILG.L and VVMX.DE is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since May 6, 2022 | 0.43 |
The correlation between SILG.L and VVMX.DE shifts across timeframes, from 0.43 (all time) to 0.55 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SILG.L vs. VVMX.DE — Risk / Return Rank
SILG.L
VVMX.DE
SILG.L vs. VVMX.DE - 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 VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SILG.L | VVMX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.46 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 7.75 | -5.99 |
| Martin ratioReturn relative to average drawdown | 4.63 | 21.01 | -16.38 |
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Drawdowns
SILG.L vs. VVMX.DE - Drawdown Comparison
The maximum SILG.L drawdown since its inception was -35.90%, smaller than the maximum VVMX.DE drawdown of -72.71%. Use the drawdown chart below to compare losses from any high point for SILG.L and VVMX.DE.
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Drawdown Indicators
| SILG.L | VVMX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.90% | -72.71% | +36.81% |
Max Drawdown (1Y)Largest decline over 1 year | -35.90% | -20.85% | -15.05% |
Max Drawdown (3Y)Largest decline over 3 years | -35.90% | -61.46% | +25.56% |
Current DrawdownCurrent decline from peak | -35.25% | -22.96% | -12.29% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -39.79% | +27.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.61% | 7.70% | +5.91% |
Volatility
SILG.L vs. VVMX.DE - Volatility Comparison
Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) has a higher volatility of 15.15% compared to VanEck Rare Earth and Strategic Metals UCITS ETF A (VVMX.DE) at 12.38%. This indicates that SILG.L's price experiences larger fluctuations and is considered to be riskier than VVMX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SILG.L | VVMX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.15% | 12.38% | +2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 41.29% | 31.67% | +9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.46% | 45.72% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.70% | 35.98% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.70% | 35.98% | +3.72% |
SILG.L vs. VVMX.DE - Expense Ratio Comparison
SILG.L has a 0.65% expense ratio, which is higher than VVMX.DE's 0.59% expense ratio.
Dividends
SILG.L vs. VVMX.DE - Dividend Comparison
Neither SILG.L nor VVMX.DE has paid dividends to shareholders.
Frequently Asked Questions
SILG.L and VVMX.DE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVMX.DE is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVMX.DE is cheaper with a 0.59% expense ratio, compared with 0.65% for SILG.L.
SILG.L is categorized as Silver, while VVMX.DE is Rare Earth & Strategic Metals. SILG.L tracks Solactive Global Silver Miners Total Return v2 Index, while VVMX.DE tracks MVIS Global Rare Earth/Strategic Metals. They also come from different issuers: Global X and VanEck. Their fees differ too: 0.65% for SILG.L and 0.59% for VVMX.DE.
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