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
Returns By Period
In the year-to-date period, SLVP achieves a 29.91% return, which is significantly higher than SIL's 27.94% return. Over the past 10 years, SLVP has outperformed SIL with an annualized return of 5.35%, while SIL has yielded a comparatively lower 3.12% annualized return.
SLVP
29.91%
-15.24%
5.29%
42.25%
7.44%
5.35%
SIL
27.94%
-11.62%
7.20%
41.45%
5.76%
3.12%
Key characteristics
| SLVP | SIL | |
|---|---|---|
| Sharpe Ratio | 1.06 | 1.14 |
| Sortino Ratio | 1.66 | 1.71 |
| Omega Ratio | 1.19 | 1.21 |
| Calmar Ratio | 0.63 | 0.57 |
| Martin Ratio | 3.78 | 4.14 |
| Ulcer Index | 10.69% | 9.84% |
| Daily Std Dev | 38.28% | 35.64% |
| Max Drawdown | -80.47% | -82.99% |
| Current Drawdown | -40.08% | -55.33% |
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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.
Correlation
The correlation between SLVP and SIL is 0.92, 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. 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.
Dividends
SLVP vs. SIL - Dividend Comparison
SLVP's dividend yield for the trailing twelve months is around 0.67%, more than SIL's 0.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SLVP iShares MSCI Global Silver Miners ETF | 0.67% | 0.87% | 0.64% | 1.62% | 2.39% | 2.02% | 1.27% | 0.85% | 2.32% | 0.71% | 2.03% | 1.72% |
SIL Global X Silver Miners ETF | 0.39% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.22% | 0.02% | 3.34% | 0.38% | 0.08% | 0.66% |
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. For additional features, visit the drawdowns tool.
Volatility
SLVP vs. SIL - Volatility Comparison
The current volatility for iShares MSCI Global Silver Miners ETF (SLVP) is 9.56%, while Global X Silver Miners ETF (SIL) has a volatility of 11.08%. This indicates that SLVP experiences smaller price fluctuations and is considered to be less risky than SIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.