SLVP vs. RING
Compare and contrast key facts about iShares MSCI Global Silver Miners ETF (SLVP) and iShares MSCI Global Gold Miners ETF (RING).
SLVP and RING 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. RING is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Gold Miners Investable Market Index. It was launched on Jan 31, 2012. Both SLVP and RING 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 RING.
Performance
SLVP vs. RING - Performance Comparison
Returns By Period
In the year-to-date period, SLVP achieves a 32.08% return, which is significantly higher than RING's 27.02% return. Over the past 10 years, SLVP has underperformed RING with an annualized return of 5.00%, while RING has yielded a comparatively higher 8.17% annualized return.
SLVP
32.08%
-9.83%
0.94%
46.51%
7.73%
5.00%
RING
27.02%
-13.38%
5.16%
42.61%
9.08%
8.17%
Key characteristics
| SLVP | RING | |
|---|---|---|
| Sharpe Ratio | 1.20 | 1.32 |
| Sortino Ratio | 1.82 | 1.85 |
| Omega Ratio | 1.21 | 1.23 |
| Calmar Ratio | 0.72 | 0.79 |
| Martin Ratio | 4.33 | 5.36 |
| Ulcer Index | 10.60% | 7.99% |
| Daily Std Dev | 38.32% | 32.51% |
| Max Drawdown | -80.47% | -79.47% |
| Current Drawdown | -39.08% | -30.16% |
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SLVP vs. RING - Expense Ratio Comparison
Both SLVP and RING have an expense ratio of 0.39%.
Correlation
The correlation between SLVP and RING 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. RING - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver Miners ETF (SLVP) and iShares MSCI Global Gold Miners ETF (RING). 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. RING - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 0.66%, less than RING's 1.51% 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% |
RING iShares MSCI Global Gold Miners ETF | 1.51% | 2.01% | 2.29% | 2.38% | 0.82% | 0.83% | 0.70% | 0.42% | 1.42% | 0.97% | 0.85% | 1.48% |
Drawdowns
SLVP vs. RING - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, roughly equal to the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for SLVP and RING. For additional features, visit the drawdowns tool.
Volatility
SLVP vs. RING - Volatility Comparison
The current volatility for iShares MSCI Global Silver Miners ETF (SLVP) is 10.25%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 11.33%. This indicates that SLVP experiences smaller price fluctuations and is considered to be less risky than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.