SILV.L vs. HKOD.L
SILV.L (Global X Silver Miners UCITS ETF USD Acc) and HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) are both Global Equities funds - SILV.L tracks the Global X Silver Miners UCITS ETF USD Acc while HKOD.L tracks the HSBC MSCI KOREA CAPPED UCITS ETF. Both are passively managed. Over the past 3 years, SILV.L returned 41.08%/yr vs 37.85%/yr for HKOD.L. At a 0.44 correlation, their price movements are largely independent.
Performance
SILV.L vs. HKOD.L - Performance Comparison
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Returns By Period
In the year-to-date period, SILV.L achieves a -11.23% return, which is significantly lower than HKOD.L's 70.37% return.
SILV.L
- 1D
- -0.13%
- 1M
- -15.41%
- 6M
- -22.68%
- YTD
- -11.23%
- 1Y
- 55.14%
- 3Y*
- 41.08%
- 5Y*
- —
- 10Y*
- —
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
SILV.L vs. HKOD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SILV.L Global X Silver Miners UCITS ETF USD Acc | -11.23% | 172.49% | 11.77% | -0.99% | -4.08% |
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -13.26% |
Correlation
The correlation between SILV.L and HKOD.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 9, 2022 | 0.44 |
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Return for Risk
SILV.L vs. HKOD.L — Risk / Return Rank
SILV.L
HKOD.L
SILV.L vs. HKOD.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Silver Miners UCITS ETF USD Acc (SILV.L) and HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.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.
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.
| SILV.L | HKOD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 5.77 | -4.37 |
| Martin ratioReturn relative to average drawdown | 3.13 | 17.93 | -14.80 |
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Drawdowns
SILV.L vs. HKOD.L - Drawdown Comparison
The maximum SILV.L drawdown since its inception was -38.97%, smaller than the maximum HKOD.L drawdown of -50.54%. Use the drawdown chart below to compare losses from any high point for SILV.L and HKOD.L.
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Drawdown Indicators
| SILV.L | HKOD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.97% | -50.54% | +11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -38.97% | -24.00% | -14.97% |
Max Drawdown (3Y)Largest decline over 3 years | -38.97% | -29.48% | -9.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.54% | — |
Current DrawdownCurrent decline from peak | -37.24% | -24.00% | -13.24% |
Average DrawdownAverage peak-to-trough decline | -14.11% | -18.79% | +4.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.57% | 7.75% | +9.82% |
Volatility
SILV.L vs. HKOD.L - Volatility Comparison
The current volatility for Global X Silver Miners UCITS ETF USD Acc (SILV.L) is 16.58%, while HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a volatility of 20.20%. This indicates that SILV.L experiences smaller price fluctuations and is considered to be less risky than HKOD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SILV.L | HKOD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.58% | 20.20% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 45.59% | 41.23% | +4.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.80% | 45.10% | +10.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.18% | 29.74% | +14.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.18% | 26.96% | +17.22% |
Dividends
SILV.L vs. HKOD.L - Dividend Comparison
SILV.L has not paid dividends to shareholders, while HKOD.L's dividend yield for the trailing twelve months is around 0.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
SILV.L Global X Silver Miners UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SILV.L and HKOD.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SILV.L tracks Global X Silver Miners UCITS ETF USD Acc, while HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF. They also come from different issuers: Global X and HSBC.
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