VGZ vs. SLVP

Last updated Jun 4, 2026

VGZ (Vista Gold Corp.) is a stock, while SLVP (iShares MSCI Global Silver and Metals Miners ETF) is Silver fund tracking the MSCI ACWI Select Silver Miners Investable Market Index. Over the past 10 years, VGZ returned 11.20%/yr vs 13.67%/yr for SLVP. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

VGZ vs. SLVP - Performance Comparison

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

Returns By Period

In the year-to-date period, VGZ achieves a 15.23% return, which is significantly higher than SLVP's 2.25% return. Over the past 10 years, VGZ has underperformed SLVP with an annualized return of 11.20%, while SLVP has yielded a comparatively higher 13.67% annualized return.

VGZ

• 1D: -5.02%
• 1M: 8.10%
• YTD: 15.23%
• 6M: 14.07%
• 1Y: 95.69%
• 3Y*: 56.70%
• 5Y*: 13.79%
• 10Y*: 11.20%

SLVP

• 1D: -5.14%
• 1M: 1.42%
• YTD: 2.25%
• 6M: 13.09%
• 1Y: 112.07%
• 3Y*: 52.07%
• 5Y*: 15.97%
• 10Y*: 13.67%

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

VGZ vs. SLVP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VGZ Vista Gold Corp.	15.23%	253.05%	23.48%	-8.73%	-30.22%	-34.31%	48.97%	38.10%	-25.00%	-26.77%
SLVP iShares MSCI Global Silver and Metals Miners ETF	2.25%	202.84%	14.47%	-2.31%	-18.06%	-23.53%	56.45%	37.71%	-22.10%	4.53%

Correlation

The correlation between VGZ and SLVP is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Feb 3, 2012	0.50

The correlation between VGZ and SLVP shifts across timeframes, from 0.50 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VGZ vs. SLVP — Risk / Return Rank

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

VGZ

VGZ Risk / Return Rank: 74
VGZ Sharpe Ratio Rank: 75
VGZ Sortino Ratio Rank: 73
VGZ Omega Ratio Rank: 72
VGZ Calmar Ratio Rank: 76
VGZ Martin Ratio Rank: 75

SLVP

SLVP Risk / Return Rank: 55
SLVP Sharpe Ratio Rank: 62
SLVP Sortino Ratio Rank: 48
SLVP Omega Ratio Rank: 51
SLVP Calmar Ratio Rank: 66
SLVP Martin Ratio Rank: 50

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.

VGZ vs. SLVP - Risk-Adjusted Trends Comparison

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

	VGZ	SLVP	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.12	-0.95
Sortino ratio: Return per unit of downside risk	1.92	2.40	-0.48
Omega ratio: Gain probability vs. loss probability	1.24	1.33	-0.08
Calmar ratio: Return relative to maximum drawdown	2.27	3.36	-1.08
Martin ratio: Return relative to average drawdown	5.02	8.53	-3.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGZ vs. SLVP - Sharpe Ratio Comparison

The current VGZ Sharpe Ratio is 1.17, which is lower than the SLVP Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of VGZ and SLVP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VGZ	SLVP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.12	-0.95
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.38	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.32	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.09	-0.08

Drawdowns

VGZ vs. SLVP - Drawdown Comparison

The maximum VGZ drawdown since its inception was -99.06%, which is greater than SLVP's maximum drawdown of -80.47%. Use the drawdown chart below to compare losses from any high point for VGZ and SLVP.

Drawdown Indicators

	VGZ	SLVP	Difference
Max Drawdown Largest peak-to-trough decline	-99.06%	-80.47%	-18.59%
Max Drawdown (1Y) Largest decline over 1 year	-42.30%	-33.57%	-8.73%
Max Drawdown (3Y) Largest decline over 3 years	-48.97%	-33.57%	-15.40%
Max Drawdown (5Y) Largest decline over 5 years	-78.19%	-54.78%	-23.41%
Max Drawdown (10Y) Largest decline over 10 years	-85.10%	-62.03%	-23.07%
Current Drawdown Current decline from peak	-82.84%	-26.25%	-56.59%
Average Drawdown Average peak-to-trough decline	-70.36%	-46.82%	-23.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.03%	13.18%	+6.85%

Volatility

VGZ vs. SLVP - Volatility Comparison

The current volatility for Vista Gold Corp. (VGZ) is 14.32%, while iShares MSCI Global Silver and Metals Miners ETF (SLVP) has a volatility of 17.59%. This indicates that VGZ experiences smaller price fluctuations and is considered to be less risky than SLVP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGZ	SLVP	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.32%	17.59%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	63.82%	43.22%	+20.60%
Volatility (1Y) Calculated over the trailing 1-year period	82.40%	53.06%	+29.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.62%	42.76%	+22.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.32%	42.24%	+24.08%

Dividends

VGZ vs. SLVP - Dividend Comparison

VGZ has not paid dividends to shareholders, while SLVP's dividend yield for the trailing twelve months is around 1.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SLVP iShares MSCI Global Silver and Metals Miners ETF	1.74%	1.78%	1.05%	0.88%	0.63%	1.63%	2.39%	2.03%	1.28%	0.85%	2.32%	0.72%
VGZ Vista Gold Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both VGZ and SLVP in my portfolio?

VGZ and SLVP have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VGZ or SLVP?

SLVP has higher volatility (17.59%) compared to VGZ (14.32%). In terms of maximum drawdown, VGZ dropped -99.06% vs SLVP's -80.47%.

Which has better risk-adjusted returns?

SLVP currently has the higher Sharpe Ratio (2.12 vs 1.17), 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.