UBUD.DE vs. SIL

Last updated Apr 2, 2026

Compare and contrast key facts about UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) and Global X Silver Miners ETF (SIL).

UBUD.DE and SIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBUD.DE is a passively managed fund by UBS that tracks the performance of the Solactive Global Pure Gold Miners. It was launched on Nov 15, 2012. SIL is a passively managed fund by Global X that tracks the performance of the Solactive Global Silver Miners Total Return Index. It was launched on Apr 19, 2010. Both UBUD.DE 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.

Performance

UBUD.DE vs. SIL - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) and Global X Silver Miners ETF (SIL). The values are adjusted to include any dividend payments, if applicable.

UBUD.DE vs. SIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	10.71%	144.52%	34.69%	6.34%	0.11%	-8.41%	15.71%	40.46%	-6.02%	-3.26%
SIL Global X Silver Miners ETF	13.38%	134.58%	22.19%	-1.73%	-18.05%	-12.24%	28.73%	37.82%	-18.77%	-10.82%

Different Trading Currencies

UBUD.DE is traded in EUR, while SIL is traded in USD. To make them comparable, the SIL values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, UBUD.DE achieves a 10.71% return, which is significantly lower than SIL's 13.38% return. Over the past 10 years, UBUD.DE has outperformed SIL with an annualized return of 19.01%, while SIL has yielded a comparatively lower 14.88% annualized return.

UBUD.DE

• 1D: 7.28%
• 1M: -13.53%
• YTD: 10.71%
• 6M: 29.45%
• 1Y: 103.48%
• 3Y*: 50.21%
• 5Y*: 30.77%
• 10Y*: 19.01%

SIL

• 1D: 3.42%
• 1M: -19.44%
• YTD: 13.38%
• 6M: 32.98%
• 1Y: 125.20%
• 3Y*: 43.68%
• 5Y*: 19.58%
• 10Y*: 14.88%

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

UBUD.DE vs. SIL - Expense Ratio Comparison

UBUD.DE has a 0.43% expense ratio, which is lower than SIL's 0.65% expense ratio.

SIL

Global X Silver Miners ETF

UBUD.DE

UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist

Return for Risk

UBUD.DE vs. SIL — Risk / Return Rank

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

UBUD.DE

UBUD.DE Risk / Return Rank: 90
UBUD.DE Sharpe Ratio Rank: 93
UBUD.DE Sortino Ratio Rank: 88
UBUD.DE Omega Ratio Rank: 84
UBUD.DE Calmar Ratio Rank: 93
UBUD.DE Martin Ratio Rank: 91

SIL

SIL Risk / Return Rank: 94
SIL Sharpe Ratio Rank: 97
SIL Sortino Ratio Rank: 93
SIL Omega Ratio Rank: 92
SIL Calmar Ratio Rank: 95
SIL Martin Ratio Rank: 94

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.

UBUD.DE vs. SIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) 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.

	UBUD.DE	SIL	Difference
Sharpe ratio Return per unit of total volatility	2.25	2.64	-0.39
Sortino ratio Return per unit of downside risk	2.53	2.75	-0.22
Omega ratio Gain probability vs. loss probability	1.35	1.40	-0.06
Calmar ratio Return relative to maximum drawdown	3.67	3.92	-0.25
Martin ratio Return relative to average drawdown	12.76	13.62	-0.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBUD.DE vs. SIL - Sharpe Ratio Comparison

The current UBUD.DE Sharpe Ratio is 2.25, which is comparable to the SIL Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of UBUD.DE and SIL, 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

	UBUD.DE	SIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	2.64	-0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.55	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.40	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.18	+0.12

Correlation

The correlation between UBUD.DE and SIL is 0.61, 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

UBUD.DE vs. SIL - Dividend Comparison

UBUD.DE's dividend yield for the trailing twelve months is around 0.50%, less than SIL's 1.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UBUD.DE UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist	0.50%	0.40%	0.56%	1.74%	1.12%	1.15%	0.44%	0.42%	0.48%	0.46%	0.43%	1.38%
SIL Global X Silver Miners ETF	1.06%	1.18%	2.40%	0.59%	0.48%	1.59%	1.92%	1.53%	1.21%	0.02%	3.34%	0.38%

Drawdowns

UBUD.DE vs. SIL - Drawdown Comparison

The maximum UBUD.DE drawdown since its inception was -57.79%, smaller than the maximum SIL drawdown of -77.41%. Use the drawdown chart below to compare losses from any high point for UBUD.DE and SIL.

Drawdown Indicators

	UBUD.DE	SIL	Difference
Max Drawdown Largest peak-to-trough decline	-57.79%	-82.99%	+25.20%
Max Drawdown (1Y) Largest decline over 1 year	-28.94%	-32.91%	+3.97%
Max Drawdown (5Y) Largest decline over 5 years	-38.21%	-55.63%	+17.42%
Max Drawdown (10Y) Largest decline over 10 years	-50.40%	-63.04%	+12.64%
Current Drawdown Current decline from peak	-13.85%	-20.99%	+7.14%
Average Drawdown Average peak-to-trough decline	-28.17%	-51.78%	+23.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.32%	9.62%	-1.30%

Volatility

UBUD.DE vs. SIL - Volatility Comparison

UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) Dist (UBUD.DE) has a higher volatility of 18.81% compared to Global X Silver Miners ETF (SIL) at 17.36%. This indicates that UBUD.DE'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.

Volatility by Period

	UBUD.DE	SIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.81%	17.36%	+1.45%
Volatility (6M) Calculated over the trailing 6-month period	38.95%	41.18%	-2.23%
Volatility (1Y) Calculated over the trailing 1-year period	45.70%	47.65%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.08%	36.03%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.66%	37.53%	-1.87%