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SLV vs. GDX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SLV and GDX is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.00.7

Performance

SLV vs. GDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Silver Trust (SLV) and VanEck Vectors Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

0.00%50.00%100.00%150.00%JulyAugustSeptemberOctoberNovemberDecember
115.10%
7.86%
SLV
GDX

Key characteristics

Sharpe Ratio

SLV:

0.72

GDX:

0.40

Sortino Ratio

SLV:

1.20

GDX:

0.76

Omega Ratio

SLV:

1.14

GDX:

1.09

Calmar Ratio

SLV:

0.39

GDX:

0.23

Martin Ratio

SLV:

2.96

GDX:

1.40

Ulcer Index

SLV:

7.48%

GDX:

9.19%

Daily Std Dev

SLV:

30.73%

GDX:

31.81%

Max Drawdown

SLV:

-76.28%

GDX:

-80.57%

Current Drawdown

SLV:

-43.04%

GDX:

-41.44%

Returns By Period

In the year-to-date period, SLV achieves a 23.60% return, which is significantly higher than GDX's 12.00% return. Over the past 10 years, SLV has underperformed GDX with an annualized return of 5.97%, while GDX has yielded a comparatively higher 8.18% annualized return.


SLV

YTD

23.60%

1M

-3.99%

6M

-0.22%

1Y

21.70%

5Y*

10.61%

10Y*

5.97%

GDX

YTD

12.00%

1M

-7.93%

6M

2.18%

1Y

10.78%

5Y*

6.40%

10Y*

8.18%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SLV vs. GDX - Expense Ratio Comparison

SLV has a 0.50% expense ratio, which is lower than GDX's 0.53% expense ratio.


GDX
VanEck Vectors Gold Miners ETF
Expense ratio chart for GDX: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%
Expense ratio chart for SLV: current value at 0.50% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.50%

Risk-Adjusted Performance

SLV vs. GDX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Silver Trust (SLV) and VanEck Vectors Gold Miners ETF (GDX). 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.


Sharpe ratio
The chart of Sharpe ratio for SLV, currently valued at 0.72, compared to the broader market0.002.004.000.720.40
The chart of Sortino ratio for SLV, currently valued at 1.20, compared to the broader market-2.000.002.004.006.008.0010.001.200.76
The chart of Omega ratio for SLV, currently valued at 1.14, compared to the broader market0.501.001.502.002.503.001.141.09
The chart of Calmar ratio for SLV, currently valued at 0.39, compared to the broader market0.005.0010.0015.000.390.23
The chart of Martin ratio for SLV, currently valued at 2.96, compared to the broader market0.0020.0040.0060.0080.00100.002.961.40
SLV
GDX

The current SLV Sharpe Ratio is 0.72, which is higher than the GDX Sharpe Ratio of 0.40. The chart below compares the historical Sharpe Ratios of SLV and GDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.72
0.40
SLV
GDX

Dividends

SLV vs. GDX - Dividend Comparison

Neither SLV nor GDX has paid dividends to shareholders.


TTM20232022202120202019201820172016201520142013
SLV
iShares Silver Trust
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GDX
VanEck Vectors Gold Miners ETF
0.00%1.61%1.66%1.67%0.53%0.65%0.50%0.76%0.26%0.85%0.66%0.90%

Drawdowns

SLV vs. GDX - Drawdown Comparison

The maximum SLV drawdown since its inception was -76.28%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for SLV and GDX. For additional features, visit the drawdowns tool.


-50.00%-45.00%-40.00%-35.00%-30.00%-25.00%JulyAugustSeptemberOctoberNovemberDecember
-43.04%
-41.44%
SLV
GDX

Volatility

SLV vs. GDX - Volatility Comparison

The current volatility for iShares Silver Trust (SLV) is 7.56%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 9.40%. This indicates that SLV experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
7.56%
9.40%
SLV
GDX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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