SIVR vs. SHLD

Last updated Jun 14, 2026

SIVR (abrdn Physical Silver Shares ETF) and SHLD (Global X Defense Tech ETF) are both exchange-traded funds - SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt), while SHLD is a Aerospace & Defense fund tracking the Global X Defense Tech Index. Both are passively managed. Over the past year, SIVR returned 86.32% vs 8.26% for SHLD. At a 0.22 correlation, their price movements are largely independent. SIVR charges 0.30%/yr vs 0.50%/yr for SHLD.

Performance

SIVR vs. SHLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Physical Silver Shares ETF (SIVR) and Global X Defense Tech ETF (SHLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SIVR achieves a -4.75% return, which is significantly lower than SHLD's -1.50% return.

SIVR

• 1D: 0.78%
• 1M: -11.18%
• YTD: -4.75%
• 6M: 9.46%
• 1Y: 86.32%
• 3Y*: 41.59%
• 5Y*: 19.07%
• 10Y*: 14.22%

SHLD

• 1D: -2.04%
• 1M: 2.37%
• YTD: -1.50%
• 6M: -1.03%
• 1Y: 8.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SIVR vs. SHLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SIVR abrdn Physical Silver Shares ETF	-4.75%	145.34%	21.08%	3.03%
SHLD Global X Defense Tech ETF	-1.50%	74.16%	35.03%	12.89%

Correlation

The correlation between SIVR and SHLD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.22

Return for Risk

SIVR vs. SHLD — Risk / Return Rank

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

SIVR

SIVR Risk / Return Rank: 43
SIVR Sharpe Ratio Rank: 47
SIVR Sortino Ratio Rank: 38
SIVR Omega Ratio Rank: 54
SIVR Calmar Ratio Rank: 43
SIVR Martin Ratio Rank: 32

SHLD

SHLD Risk / Return Rank: 16
SHLD Sharpe Ratio Rank: 17
SHLD Sortino Ratio Rank: 17
SHLD Omega Ratio Rank: 16
SHLD Calmar Ratio Rank: 16
SHLD Martin Ratio Rank: 16

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.

SIVR vs. SHLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and Global X Defense Tech ETF (SHLD). 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	SHLD	Difference
Sharpe ratio: Return per unit of total volatility	1.44	0.43	+1.02
Sortino ratio: Return per unit of downside risk	1.76	0.78	+0.98
Omega ratio: Gain probability vs. loss probability	1.29	1.09	+0.20
Calmar ratio: Return relative to maximum drawdown	1.90	0.52	+1.38
Martin ratio: Return relative to average drawdown	4.12	1.28	+2.84

SIVR vs. SHLD - Sharpe Ratio Comparison

The current SIVR Sharpe Ratio is 1.44, which is higher than the SHLD Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of SIVR and SHLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SIVR vs. SHLD - Drawdown Comparison

The maximum SIVR drawdown since its inception was -75.85%, which is greater than SHLD's maximum drawdown of -20.10%. Use the drawdown chart below to compare losses from any high point for SIVR and SHLD.

Drawdown Indicators

	SIVR	SHLD	Difference
Max Drawdown Largest peak-to-trough decline	-75.85%	-20.10%	-55.75%
Max Drawdown (1Y) Largest decline over 1 year	-45.33%	-20.10%	-25.23%
Max Drawdown (3Y) Largest decline over 3 years	-45.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.33%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.33%	—	—
Current Drawdown Current decline from peak	-41.89%	-18.20%	-23.69%
Average Drawdown Average peak-to-trough decline	-47.83%	-3.34%	-44.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.85%	8.12%	+12.73%

Volatility

SIVR vs. SHLD - Volatility Comparison

abrdn Physical Silver Shares ETF (SIVR) has a higher volatility of 16.37% compared to Global X Defense Tech ETF (SHLD) at 9.05%. This indicates that SIVR's price experiences larger fluctuations and is considered to be riskier than SHLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SIVR	SHLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.37%	9.05%	+7.32%
Volatility (6M) Calculated over the trailing 6-month period	59.11%	19.94%	+39.17%
Volatility (1Y) Calculated over the trailing 1-year period	59.76%	24.55%	+35.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.48%	21.29%	+15.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.03%	21.29%	+10.74%

SIVR vs. SHLD - Expense Ratio Comparison

SIVR has a 0.30% expense ratio, which is lower than SHLD's 0.50% expense ratio.

Dividends

SIVR vs. SHLD - Dividend Comparison

SIVR has not paid dividends to shareholders, while SHLD's dividend yield for the trailing twelve months is around 0.56%.

Position	TTM	2025	2024	2023
SHLD Global X Defense Tech ETF	0.56%	0.55%	0.53%	0.26%
SIVR abrdn Physical Silver Shares ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SIVR and SHLD in my portfolio?

SIVR and SHLD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SIVR or SHLD?

SIVR has higher volatility (16.37%) compared to SHLD (9.05%). In terms of maximum drawdown, SIVR dropped -75.85% vs SHLD's -20.10%.

Which ETF is better, SIVR or SHLD?

On 1-year performance, SIVR leads with 86.32% vs 8.26% for SHLD. On fees, SIVR is cheaper at 0.30% per year. On volatility, SHLD has been the lower-risk option at 9.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SIVR or SHLD?

Over the 1-year period, SIVR has performed better with a 86.32% return vs 8.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SIVR or SHLD?

SIVR is cheaper with a 0.30% expense ratio, compared with 0.50% for SHLD.

Which ETF pays a higher dividend yield, SIVR or SHLD?

SHLD has the higher dividend yield at 0.56%, compared with 0.00% for SIVR.

What is the main difference between SIVR and SHLD?

SIVR is categorized as Silver, while SHLD is Aerospace & Defense. SIVR tracks LBMA Silver Price ($/ozt), while SHLD tracks Global X Defense Tech Index. They also come from different issuers: abrdn and Global X. Their fees differ too: 0.30% for SIVR and 0.50% for SHLD.

Which has better risk-adjusted returns?

SIVR currently has the higher Sharpe Ratio (1.44 vs 0.43), 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.