SLVP vs. SGDJ

Last updated Jun 13, 2026

SLVP (iShares MSCI Global Silver and Metals Miners ETF) and SGDJ (Sprott Junior Gold Miners ETF) are both exchange-traded funds - SLVP is a Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index, while SGDJ is a Materials fund tracking the Solactive Junior Gold Miners Custom Factors Index. Both are passively managed. Over the past 10 years, SLVP returned 12.67%/yr vs 10.80%/yr for SGDJ. Their correlation of 0.87 suggests significant overlap in exposure. SLVP charges 0.39%/yr vs 0.50%/yr for SGDJ.

Performance

SLVP vs. SGDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Global Silver and Metals Miners ETF (SLVP) and Sprott Junior Gold Miners ETF (SGDJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLVP achieves a -5.37% return, which is significantly higher than SGDJ's -5.68% return. Over the past 10 years, SLVP has outperformed SGDJ with an annualized return of 12.67%, while SGDJ has yielded a comparatively lower 10.80% annualized return.

SLVP

• 1D: 3.38%
• 1M: -18.46%
• YTD: -5.37%
• 6M: -0.60%
• 1Y: 81.81%
• 3Y*: 48.97%
• 5Y*: 14.15%
• 10Y*: 12.67%

SGDJ

• 1D: 2.43%
• 1M: -17.01%
• YTD: -5.68%
• 6M: -2.07%
• 1Y: 66.21%
• 3Y*: 47.78%
• 5Y*: 15.18%
• 10Y*: 10.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SLVP vs. SGDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVP iShares MSCI Global Silver and Metals Miners ETF	-5.37%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%
SGDJ Sprott Junior Gold Miners ETF	-5.68%	174.44%	19.35%	6.66%	-27.60%	-15.12%	47.91%	37.00%	-25.63%	5.94%

Correlation

The correlation between SLVP and SGDJ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Mar 31, 2015	0.87

The correlation between SLVP and SGDJ has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.

SLVP vs. SGDJ - Sectors Allocation Comparison

Sectors	SLVP	SGDJ
Basic Materials	100.0%	100.0%
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SLVP vs. SGDJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SLVP

SLVP Risk / Return Rank: 46
SLVP Sharpe Ratio Rank: 51
SLVP Sortino Ratio Rank: 43
SLVP Omega Ratio Rank: 46
SLVP Calmar Ratio Rank: 50
SLVP Martin Ratio Rank: 41

SGDJ

SGDJ Risk / Return Rank: 41
SGDJ Sharpe Ratio Rank: 45
SGDJ Sortino Ratio Rank: 38
SGDJ Omega Ratio Rank: 43
SGDJ Calmar Ratio Rank: 42
SGDJ Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SLVP vs. SGDJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver and Metals Miners ETF (SLVP) and Sprott Junior Gold Miners ETF (SGDJ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SLVP	SGDJ	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.37	+0.17
Sortino ratio: Return per unit of downside risk	1.95	1.76	+0.19
Omega ratio: Gain probability vs. loss probability	1.26	1.25	+0.02
Calmar ratio: Return relative to maximum drawdown	2.21	1.86	+0.34
Martin ratio: Return relative to average drawdown	5.86	5.04	+0.81

SLVP vs. SGDJ - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 1.54, which is comparable to the SGDJ Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of SLVP and SGDJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SLVP vs. SGDJ - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, which is greater than SGDJ's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for SLVP and SGDJ.

Drawdown Indicators

	SLVP	SGDJ	Difference
Max Drawdown Largest peak-to-trough decline	-80.47%	-59.27%	-21.20%
Max Drawdown (1Y) Largest decline over 1 year	-38.06%	-36.84%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-38.06%	-36.84%	-1.22%
Max Drawdown (5Y) Largest decline over 5 years	-53.17%	-53.68%	+0.51%
Max Drawdown (10Y) Largest decline over 10 years	-62.03%	-59.27%	-2.76%
Current Drawdown Current decline from peak	-31.74%	-31.23%	-0.51%
Average Drawdown Average peak-to-trough decline	-46.78%	-26.25%	-20.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.31%	13.57%	+0.74%

Volatility

SLVP vs. SGDJ - Volatility Comparison

iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a higher volatility of 19.61% compared to Sprott Junior Gold Miners ETF (SGDJ) at 17.17%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than SGDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVP	SGDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.61%	17.17%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	45.17%	41.94%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	54.53%	49.96%	+4.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.15%	40.69%	+2.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.45%	40.92%	+1.53%

SLVP vs. SGDJ - Expense Ratio Comparison

SLVP has a 0.39% expense ratio, which is lower than SGDJ's 0.50% expense ratio.

Dividends

SLVP vs. SGDJ - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 1.88%, less than SGDJ's 8.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGDJ Sprott Junior Gold Miners ETF	8.88%	8.37%	6.55%	4.55%	2.46%	2.20%	1.97%	0.65%	0.00%	0.14%	1.77%	0.85%
SLVP iShares MSCI Global Silver and Metals Miners ETF	1.88%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%

Frequently Asked Questions

Can I hold both SLVP and SGDJ in my portfolio?

With a correlation of 0.91, SLVP and SGDJ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SLVP or SGDJ?

SLVP has higher volatility (19.61%) compared to SGDJ (17.17%). In terms of maximum drawdown, SLVP dropped -80.47% vs SGDJ's -59.27%.

Which ETF is better, SLVP or SGDJ?

On 10-year performance, SLVP leads with 12.67% vs 10.80% for SGDJ. On fees, SLVP is cheaper at 0.39% per year. On volatility, SGDJ has been the lower-risk option at 17.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLVP or SGDJ?

Over the 10-year period, SLVP has performed better with a 12.67% return vs 10.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLVP or SGDJ?

SLVP is cheaper with a 0.39% expense ratio, compared with 0.50% for SGDJ.

Which ETF pays a higher dividend yield, SLVP or SGDJ?

SGDJ has the higher dividend yield at 8.88%, compared with 1.88% for SLVP.

What is the main difference between SLVP and SGDJ?

SLVP is categorized as Silver, while SGDJ is Materials. SLVP tracks MSCI ACWI Select Silver Miners Investable Market Index, while SGDJ tracks Solactive Junior Gold Miners Custom Factors Index. They also come from different issuers: iShares and Sprott. Their fees differ too: 0.39% for SLVP and 0.50% for SGDJ.

Which has better risk-adjusted returns?

SLVP currently has the higher Sharpe Ratio (1.54 vs 1.37), 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.