Correlation
The correlation between SLVP and GDX is 0.17, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SLVP vs. GDX
Compare and contrast key facts about iShares MSCI Global Silver Miners ETF (SLVP) and VanEck Vectors Gold Miners ETF (GDX).
SLVP and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SLVP is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Silver Miners Investable Market Index. It was launched on Jan 31, 2012. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both SLVP and GDX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SLVP or GDX.
Performance
SLVP vs. GDX - Performance Comparison
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Key characteristics
SLVP:
0.57
GDX:
1.25
SLVP:
1.00
GDX:
1.72
SLVP:
1.12
GDX:
1.22
SLVP:
0.45
GDX:
0.95
SLVP:
1.84
GDX:
4.54
SLVP:
11.97%
GDX:
9.25%
SLVP:
42.88%
GDX:
34.47%
SLVP:
-80.47%
GDX:
-80.57%
SLVP:
-28.88%
GDX:
-15.09%
Returns By Period
In the year-to-date period, SLVP achieves a 34.75% return, which is significantly lower than GDX's 46.77% return. Over the past 10 years, SLVP has underperformed GDX with an annualized return of 7.12%, while GDX has yielded a comparatively higher 10.87% annualized return.
SLVP
34.75%
0.19%
23.03%
24.33%
10.96%
6.46%
7.12%
GDX
46.77%
1.97%
35.03%
42.81%
16.98%
9.38%
10.87%
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SLVP vs. GDX - Expense Ratio Comparison
SLVP has a 0.39% expense ratio, which is lower than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
SLVP vs. GDX — Risk-Adjusted Performance Rank
SLVP
GDX
SLVP vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver Miners ETF (SLVP) 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.
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Dividends
SLVP vs. GDX - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 0.78%, less than GDX's 0.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver Miners ETF | 0.78% | 1.05% | 0.87% | 0.64% | 1.62% | 2.39% | 2.02% | 1.27% | 0.85% | 2.32% | 0.71% | 2.03% |
GDX VanEck Vectors Gold Miners ETF | 0.81% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
SLVP vs. GDX - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for SLVP and GDX.
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Volatility
SLVP vs. GDX - Volatility Comparison
iShares MSCI Global Silver Miners ETF (SLVP) has a higher volatility of 14.34% compared to VanEck Vectors Gold Miners ETF (GDX) at 12.98%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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