SLVP vs. SGOL

Last updated Apr 2, 2026

Compare and contrast key facts about iShares MSCI Global Silver Miners ETF (SLVP) and abrdn Physical Gold Shares ETF (SGOL).

SLVP and SGOL 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. SGOL is a passively managed fund by abrdn that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Sep 9, 2009. Both SLVP and SGOL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SLVP vs. SGOL - Performance Comparison

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

SLVP vs. SGOL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SLVP iShares MSCI Global Silver Miners ETF	8.23%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%
SGOL abrdn Physical Gold Shares ETF	10.52%	63.99%	26.90%	12.99%	-0.51%	-3.94%	25.03%	18.21%	-1.94%	12.86%

Returns By Period

In the year-to-date period, SLVP achieves a 8.23% return, which is significantly lower than SGOL's 10.52% return. Over the past 10 years, SLVP has outperformed SGOL with an annualized return of 17.90%, while SGOL has yielded a comparatively lower 14.31% annualized return.

SLVP

• 1D: 4.60%
• 1M: -20.51%
• YTD: 8.23%
• 6M: 36.85%
• 1Y: 154.54%
• 3Y*: 49.80%
• 5Y*: 20.67%
• 10Y*: 17.90%

SGOL

• 1D: 1.75%
• 1M: -10.65%
• YTD: 10.52%
• 6M: 23.14%
• 1Y: 52.61%
• 3Y*: 34.00%
• 5Y*: 22.26%
• 10Y*: 14.31%

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

SLVP vs. SGOL - Expense Ratio Comparison

SLVP has a 0.39% expense ratio, which is higher than SGOL's 0.17% expense ratio.

SLVP

iShares MSCI Global Silver Miners ETF

SGOL

abrdn Physical Gold Shares ETF

Return for Risk

SLVP vs. SGOL — Risk / Return Rank

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

SLVP

SLVP Risk / Return Rank: 94
SLVP Sharpe Ratio Rank: 97
SLVP Sortino Ratio Rank: 93
SLVP Omega Ratio Rank: 91
SLVP Calmar Ratio Rank: 96
SLVP Martin Ratio Rank: 94

SGOL

SGOL Risk / Return Rank: 86
SGOL Sharpe Ratio Rank: 88
SGOL Sortino Ratio Rank: 85
SGOL Omega Ratio Rank: 85
SGOL Calmar Ratio Rank: 86
SGOL Martin Ratio Rank: 84

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. SGOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver Miners ETF (SLVP) and abrdn Physical Gold Shares ETF (SGOL). 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.

	SLVP	SGOL	Difference
Sharpe ratio Return per unit of total volatility	2.88	1.92	+0.96
Sortino ratio Return per unit of downside risk	2.89	2.35	+0.54
Omega ratio Gain probability vs. loss probability	1.41	1.35	+0.06
Calmar ratio Return relative to maximum drawdown	4.54	2.73	+1.81
Martin ratio Return relative to average drawdown	15.20	10.00	+5.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLVP vs. SGOL - Sharpe Ratio Comparison

The current SLVP Sharpe Ratio is 2.88, which is higher than the SGOL Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of SLVP and SGOL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SLVP	SGOL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.88	1.92	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	1.27	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.91	-0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.58	-0.48

Correlation

The correlation between SLVP and SGOL is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SLVP vs. SGOL - Dividend Comparison

SLVP's dividend yield for the trailing twelve months is around 1.64%, while SGOL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLVP iShares MSCI Global Silver Miners ETF	1.64%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%
SGOL abrdn Physical Gold Shares ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SLVP vs. SGOL - Drawdown Comparison

The maximum SLVP drawdown since its inception was -80.47%, which is greater than SGOL's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for SLVP and SGOL.

Drawdown Indicators

	SLVP	SGOL	Difference
Max Drawdown Largest peak-to-trough decline	-80.47%	-45.51%	-34.96%
Max Drawdown (1Y) Largest decline over 1 year	-33.57%	-19.14%	-14.43%
Max Drawdown (5Y) Largest decline over 5 years	-55.36%	-20.92%	-34.44%
Max Drawdown (10Y) Largest decline over 10 years	-62.03%	-21.56%	-40.47%
Current Drawdown Current decline from peak	-21.93%	-11.69%	-10.24%
Average Drawdown Average peak-to-trough decline	-47.12%	-18.46%	-28.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.02%	5.22%	+4.80%

Volatility

SLVP vs. SGOL - Volatility Comparison

iShares MSCI Global Silver Miners ETF (SLVP) has a higher volatility of 18.29% compared to abrdn Physical Gold Shares ETF (SGOL) at 10.39%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than SGOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLVP	SGOL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.29%	10.39%	+7.90%
Volatility (6M) Calculated over the trailing 6-month period	45.15%	24.05%	+21.10%
Volatility (1Y) Calculated over the trailing 1-year period	54.07%	27.52%	+26.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.42%	17.64%	+24.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.46%	15.84%	+26.62%