SIVR vs. SGOL
SIVR (abrdn Physical Silver Shares ETF) and SGOL (abrdn Physical Gold Shares ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past 10 years, SIVR returned 11.07%/yr vs 11.48%/yr for SGOL. Their 0.78 correlation means they have sometimes moved together and sometimes differently. SIVR charges 0.30%/yr vs 0.17%/yr for SGOL.
Performance
SIVR vs. SGOL - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a -18.49% return, which is significantly lower than SGOL's -6.09% return. Both investments have delivered pretty close results over the past 10 years, with SIVR having a 11.07% annualized return and SGOL not far ahead at 11.48%.
SIVR
- 1D
- 0.15%
- 1M
- -4.65%
- 6M
- -27.56%
- YTD
- -18.49%
- 1Y
- 56.49%
- 3Y*
- 34.54%
- 5Y*
- 17.62%
- 10Y*
- 11.07%
- ALL TIME*
- 8.45%
SGOL
- 1D
- 0.03%
- 1M
- -1.68%
- 6M
- -12.99%
- YTD
- -6.09%
- 1Y
- 20.49%
- 3Y*
- 27.60%
- 5Y*
- 17.25%
- 10Y*
- 11.48%
- ALL TIME*
- 8.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $85.59M | $76.74M | $100.85M | |
| $53.73M | $50.42M | $86.10M |
SIVR vs. SGOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -18.49% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
SGOL abrdn Physical Gold Shares ETF | -6.09% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | 12.86% |
Correlation
The correlation between SIVR and SGOL is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2009 | 0.78 |
The correlation between SIVR and SGOL has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
SIVR vs. SGOL — Risk / Return Rank
SIVR
SGOL
SIVR vs. SGOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and abrdn Physical Gold Shares ETF (SGOL). 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.
| SIVR | SGOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.78 | +0.30 |
| Martin ratioReturn relative to average drawdown | 2.06 | 1.68 | +0.39 |
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Drawdowns
SIVR vs. SGOL - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than SGOL's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for SIVR and SGOL.
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Drawdown Indicators
| SIVR | SGOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -45.51% | -30.34% |
Max Drawdown (1Y)Largest decline over 1 year | -52.27% | -26.32% | -25.95% |
Max Drawdown (3Y)Largest decline over 3 years | -52.27% | -26.32% | -25.95% |
Max Drawdown (5Y)Largest decline over 5 years | -52.27% | -26.32% | -25.95% |
Max Drawdown (10Y)Largest decline over 10 years | -52.27% | -26.32% | -25.95% |
Current DrawdownCurrent decline from peak | -50.28% | -24.96% | -25.32% |
Average DrawdownAverage peak-to-trough decline | -47.84% | -18.46% | -29.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.46% | 12.25% | +15.21% |
Volatility
SIVR vs. SGOL - Volatility Comparison
abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 10.92% compared to abrdn Physical Gold Shares ETF (SGOL) at 5.97%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than SGOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | SGOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.92% | 5.97% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 44.35% | 20.79% | +23.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.45% | 27.82% | +33.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.01% | 18.37% | +18.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.27% | 16.10% | +16.17% |
SIVR vs. SGOL - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is higher than SGOL's 0.17% expense ratio.
Dividends
SIVR vs. SGOL - Dividend Comparison
Neither SIVR nor SGOL has paid dividends to shareholders.
Frequently Asked Questions
SIVR and SGOL have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIVR has higher volatility (10.92%) compared to SGOL (5.97%). In terms of maximum drawdown, SIVR dropped -75.85% vs SGOL's -45.51%.
On 10-year performance, SGOL leads with 11.48% vs 11.07% for SIVR. On fees, SGOL is cheaper at 0.17% per year. On volatility, SGOL has been the lower-risk option at 5.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SGOL has performed better with a 11.48% return vs 11.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOL is cheaper with a 0.17% expense ratio, compared with 0.30% for SIVR.
SIVR and SGOL have nearly identical dividend yields, around 0.00%.
SIVR is categorized as Silver, while SGOL is Gold. SIVR tracks LBMA Silver Price ($/ozt), while SGOL tracks LBMA Gold Price PM ($/ozt). Their fees differ too: 0.30% for SIVR and 0.17% for SGOL.
SIVR currently has the higher Sharpe Ratio (0.93 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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