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
Returns By Period
In the year-to-date period, SLVP achieves a 32.08% return, which is significantly higher than GDX's 22.15% return. Over the past 10 years, SLVP has underperformed GDX with an annualized return of 5.00%, while GDX has yielded a comparatively higher 7.69% annualized return.
SLVP
32.08%
-9.83%
0.94%
46.51%
7.73%
5.00%
GDX
22.15%
-12.21%
2.57%
35.05%
8.53%
7.69%
Key characteristics
| SLVP | GDX | |
|---|---|---|
| Sharpe Ratio | 1.20 | 1.10 |
| Sortino Ratio | 1.82 | 1.62 |
| Omega Ratio | 1.21 | 1.20 |
| Calmar Ratio | 0.72 | 0.63 |
| Martin Ratio | 4.33 | 4.47 |
| Ulcer Index | 10.60% | 7.92% |
| Daily Std Dev | 38.32% | 32.18% |
| Max Drawdown | -80.47% | -80.57% |
| Current Drawdown | -39.08% | -36.13% |
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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.
Correlation
The correlation between SLVP and GDX is 0.86, 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.
Risk-Adjusted Performance
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.
Dividends
SLVP vs. GDX - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 0.66%, less than GDX's 1.32% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver Miners ETF | 0.66% | 0.87% | 0.64% | 1.62% | 2.39% | 2.02% | 1.27% | 0.85% | 2.32% | 0.71% | 2.03% | 1.72% |
GDX VanEck Vectors Gold Miners ETF | 1.32% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
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. For additional features, visit the drawdowns tool.
Volatility
SLVP vs. GDX - Volatility Comparison
iShares MSCI Global Silver Miners ETF (SLVP) and VanEck Vectors Gold Miners ETF (GDX) have volatilities of 10.25% and 10.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.