Correlation
The correlation between SLVP and SIL is 0.22, 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. SIL
Compare and contrast key facts about iShares MSCI Global Silver Miners ETF (SLVP) and Global X Silver Miners ETF (SIL).
SLVP and SIL 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. SIL is a passively managed fund by Global X that tracks the performance of the Stuttgart Solactive AG Global Silver Miners (USD). It was launched on Apr 19, 2010. Both SLVP and SIL 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 SIL.
Performance
SLVP vs. SIL - Performance Comparison
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Key characteristics
SLVP:
0.50
SIL:
0.68
SLVP:
1.08
SIL:
1.20
SLVP:
1.13
SIL:
1.15
SLVP:
0.50
SIL:
0.44
SLVP:
2.05
SIL:
2.53
SLVP:
11.98%
SIL:
11.00%
SLVP:
42.52%
SIL:
38.60%
SLVP:
-80.47%
SIL:
-82.99%
SLVP:
-28.74%
SIL:
-45.91%
Returns By Period
The year-to-date returns for both investments are quite close, with SLVP having a 35.01% return and SIL slightly higher at 35.16%. Over the past 10 years, SLVP has outperformed SIL with an annualized return of 7.11%, while SIL has yielded a comparatively lower 6.18% annualized return.
SLVP
35.01%
2.50%
23.17%
21.21%
11.03%
5.68%
7.11%
SIL
35.16%
6.84%
24.03%
26.01%
12.44%
4.94%
6.18%
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SLVP vs. SIL - Expense Ratio Comparison
SLVP has a 0.39% expense ratio, which is lower than SIL's 0.65% expense ratio.
Risk-Adjusted Performance
SLVP vs. SIL — Risk-Adjusted Performance Rank
SLVP
SIL
SLVP vs. SIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Silver Miners ETF (SLVP) and Global X Silver Miners ETF (SIL). 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. SIL - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 0.78%, less than SIL's 1.78% 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% |
SIL Global X Silver Miners ETF | 1.78% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.22% | 0.02% | 3.34% | 0.38% | 0.08% |
Drawdowns
SLVP vs. SIL - Drawdown Comparison
The maximum SLVP drawdown since its inception was -80.47%, roughly equal to the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for SLVP and SIL.
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Volatility
SLVP vs. SIL - Volatility Comparison
iShares MSCI Global Silver Miners ETF (SLVP) has a higher volatility of 14.24% compared to Global X Silver Miners ETF (SIL) at 11.99%. This indicates that SLVP's price experiences larger fluctuations and is considered to be riskier than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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