VNO vs. SIL
VNO (Vornado Realty Trust) is a stock, while SIL (Global X Silver Miners ETF) is Silver fund tracking the Solactive Global Silver Miners Total Return Index. Over the past 10 years, VNO returned -3.48%/yr vs 5.73%/yr for SIL. At a 0.20 correlation, their price movements are largely independent.
Performance
VNO vs. SIL - Performance Comparison
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Returns By Period
In the year-to-date period, VNO achieves a 19.41% return, which is significantly higher than SIL's -14.38% return. Over the past 10 years, VNO has underperformed SIL with an annualized return of -3.48%, while SIL has yielded a comparatively higher 5.73% annualized return.
VNO
- 1D
- -1.49%
- 1M
- 5.10%
- 6M
- 18.10%
- YTD
- 19.41%
- 1Y
- 5.89%
- 3Y*
- 27.13%
- 5Y*
- 0.50%
- 10Y*
- -3.48%
- ALL TIME*
- 9.75%
SIL
- 1D
- -0.46%
- 1M
- -14.60%
- 6M
- -27.29%
- YTD
- -14.38%
- 1Y
- 49.99%
- 3Y*
- 39.46%
- 5Y*
- 13.28%
- 10Y*
- 5.73%
- ALL TIME*
- 4.10%
VNO vs. SIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNO Vornado Realty Trust | 19.41% | -19.09% | 51.32% | 39.50% | -46.66% | 17.78% | -40.43% | 14.93% | -17.75% | -4.53% |
SIL Global X Silver Miners ETF | -14.38% | 166.16% | 14.62% | 1.31% | -22.83% | -18.35% | 40.30% | 34.78% | -22.42% | 1.67% |
Correlation
The correlation between VNO and SIL is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Apr 20, 2010 | 0.20 |
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Return for Risk
VNO vs. SIL — Risk / Return Rank
VNO
SIL
VNO vs. SIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vornado Realty Trust (VNO) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VNO | SIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.19 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.27 | -1.13 |
| Martin ratioReturn relative to average drawdown | 0.28 | 2.88 | -2.60 |
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Drawdowns
VNO vs. SIL - Drawdown Comparison
The maximum VNO drawdown since its inception was -80.89%, roughly equal to the maximum SIL drawdown of -82.99%. Use the drawdown chart below to compare losses from any high point for VNO and SIL.
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Drawdown Indicators
| VNO | SIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.89% | -82.99% | +2.10% |
Max Drawdown (1Y)Largest decline over 1 year | -41.22% | -39.41% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -43.88% | -39.41% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | -71.63% | -48.73% | -22.90% |
Max Drawdown (10Y)Largest decline over 10 years | -80.89% | -63.04% | -17.85% |
Current DrawdownCurrent decline from peak | -35.57% | -39.41% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -20.64% | -51.30% | +30.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.21% | 17.40% | +3.81% |
Volatility
VNO vs. SIL - Volatility Comparison
The current volatility for Vornado Realty Trust (VNO) is 8.20%, while Global X Silver Miners ETF (SIL) has a volatility of 11.76%. This indicates that VNO 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.
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Volatility by Period
| VNO | SIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.20% | 11.76% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 24.65% | 44.07% | -19.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.18% | 53.06% | -19.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.65% | 39.97% | +1.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.24% | 39.77% | -0.53% |
Dividends
VNO vs. SIL - Dividend Comparison
VNO's dividend yield for the trailing twelve months is around 1.86%, more than SIL's 1.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIL Global X Silver Miners ETF | 1.42% | 1.18% | 2.40% | 0.59% | 0.48% | 1.59% | 1.92% | 1.53% | 1.21% | 0.02% | 3.34% | 0.38% |
VNO Vornado Realty Trust | 1.86% | 2.22% | 1.76% | 2.39% | 10.19% | 5.06% | 6.37% | 6.90% | 4.06% | 3.00% | 2.41% | 14.41% |
Frequently Asked Questions
VNO and SIL have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SIL has higher volatility (11.76%) compared to VNO (8.20%). In terms of maximum drawdown, VNO dropped -80.89% vs SIL's -82.99%.
SIL currently has the higher Sharpe Ratio (0.95 vs 0.18), 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.
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