SIVR vs. SIL
SIVR (abrdn Physical Silver Shares ETF) and SIL (Global X Silver Miners ETF) are both Silver funds - SIVR tracks the LBMA Silver Price ($/ozt) while SIL tracks the Solactive Global Silver Miners Total Return Index. Both are passively managed. Over the past 10 years, SIVR returned 15.77%/yr vs 10.69%/yr for SIL. A 0.76 correlation means they provide meaningful diversification when combined. SIVR charges 0.30%/yr vs 0.65%/yr for SIL.
Performance
SIVR vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a 2.85% return, which is significantly lower than SIL's 4.75% return. Over the past 10 years, SIVR has outperformed SIL with an annualized return of 15.77%, while SIL has yielded a comparatively lower 10.69% annualized return.
SIVR
- 1D
- -2.62%
- 1M
- 0.42%
- YTD
- 2.85%
- 6M
- 24.90%
- 1Y
- 110.95%
- 3Y*
- 45.38%
- 5Y*
- 21.00%
- 10Y*
- 15.77%
SIL
- 1D
- -4.96%
- 1M
- 0.68%
- YTD
- 4.75%
- 6M
- 15.66%
- 1Y
- 91.23%
- 3Y*
- 49.15%
- 5Y*
- 13.96%
- 10Y*
- 10.69%
SIVR vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 2.85% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
SIL Global X Silver Miners ETF | 4.75% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
Correlation
The correlation between SIVR and SIL is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Apr 21, 2010 | 0.76 |
The correlation between SIVR and SIL has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
SIVR vs. SIL — Risk / Return Rank
SIVR
SIL
SIVR vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and Global X Silver Miners ETF (SIL). 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.
| SIVR | SIL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 1.83 | +0.06 |
Sortino ratioReturn per unit of downside risk | 2.07 | 2.17 | -0.10 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.63 | 2.79 | -0.16 |
Martin ratioReturn relative to average drawdown | 5.67 | 7.14 | -1.47 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SIVR | SIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 1.83 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.36 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.27 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.14 | +0.18 |
Drawdowns
SIVR vs. SIL - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, smaller than the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for SIVR and SIL.
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Drawdown Indicators
| SIVR | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -82.99% | +7.14% |
Max Drawdown (1Y)Largest decline over 1 year | -42.42% | -32.91% | -9.51% |
Max Drawdown (3Y)Largest decline over 3 years | -42.42% | -32.91% | -9.51% |
Max Drawdown (5Y)Largest decline over 5 years | -42.42% | -55.08% | +12.66% |
Max Drawdown (10Y)Largest decline over 10 years | -42.42% | -63.04% | +20.62% |
Current DrawdownCurrent decline from peak | -37.25% | -25.87% | -11.38% |
Average DrawdownAverage peak-to-trough decline | -47.85% | -51.45% | +3.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.64% | 12.82% | +6.82% |
Volatility
SIVR vs. SIL - Volatility Comparison
The current volatility for abrdn Physical Silver Shares ETF (SIVR) is 16.28%, while Global X Silver Miners ETF (SIL) has a volatility of 17.66%. This indicates that SIVR experiences smaller price fluctuations and is considered to be less risky than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.28% | 17.66% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 58.30% | 41.57% | +16.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.84% | 50.01% | +8.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.17% | 39.21% | -3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.87% | 39.60% | -7.73% |
SIVR vs. SIL - Expense Ratio Comparison
SIVR has a 0.30% expense ratio, which is lower than SIL's 0.65% expense ratio.
Dividends
SIVR vs. SIL - Dividend Comparison
SIVR has not paid dividends to shareholders, while SIL's dividend yield for the trailing twelve months is around 1.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 1.13% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIVR and SIL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIL has higher volatility (17.66%) compared to SIVR (16.28%). In terms of maximum drawdown, SIVR dropped -75.85% vs SIL's -82.99%.
On 10-year performance, SIVR leads with 15.77% vs 10.69% for SIL. On fees, SIVR is cheaper at 0.30% per year. On volatility, SIVR has been the lower-risk option at 16.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SIVR has performed better with a 15.77% return vs 10.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.65% for SIL.
SIL has the higher dividend yield at 1.13%, compared with 0.00% for SIVR.
SIVR tracks LBMA Silver Price ($/ozt), while SIL tracks Solactive Global Silver Miners Total Return Index. They also come from different issuers: abrdn and Global X. Their fees differ too: 0.30% for SIVR and 0.65% for SIL.
SIVR currently has the higher Sharpe Ratio (1.90 vs 1.83), 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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