VPN vs. SLV
VPN (Global X Data Center REITs & Digital Infrastructure ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - VPN is a Technology Equities fund tracking the Solactive Data Center REITs & Digital Infrastructure Index, while SLV is a Silver fund tracking the LBMA Silver Price. Both are passively managed. Over the past 5 years, VPN returned 14.89%/yr vs 20.04%/yr for SLV. At a 0.27 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.
Performance
VPN vs. SLV - Performance Comparison
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Returns By Period
In the year-to-date period, VPN achieves a 51.28% return, which is significantly higher than SLV's -7.62% return.
VPN
- 1D
- 1.85%
- 1M
- 4.48%
- YTD
- 51.28%
- 6M
- 54.75%
- 1Y
- 78.03%
- 3Y*
- 34.37%
- 5Y*
- 14.89%
- 10Y*
- —
SLV
- 1D
- -1.81%
- 1M
- -14.31%
- YTD
- -7.62%
- 6M
- -2.33%
- 1Y
- 81.88%
- 3Y*
- 38.96%
- 5Y*
- 20.04%
- 10Y*
- 13.58%
VPN vs. SLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VPN Global X Data Center REITs & Digital Infrastructure ETF | 51.28% | 28.99% | 14.92% | 18.93% | -30.89% | 20.35% | 6.60% |
SLV iShares Silver Trust | -7.62% | 144.66% | 20.89% | -1.09% | 2.37% | -12.45% | 12.81% |
Correlation
The correlation between VPN and SLV is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020 | 0.27 |
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Return for Risk
VPN vs. SLV — Risk / Return Rank
VPN
SLV
VPN vs. SLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Data Center REITs & Digital Infrastructure ETF (VPN) and iShares Silver Trust (SLV). 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.
| VPN | SLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.27 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 6.05 | 1.75 | +4.30 |
| Martin ratioReturn relative to average drawdown | 18.62 | 3.68 | +14.95 |
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Drawdowns
VPN vs. SLV - Drawdown Comparison
The maximum VPN drawdown since its inception was -38.98%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for VPN and SLV.
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Drawdown Indicators
| VPN | SLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -76.28% | +37.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.89% | -45.40% | +32.51% |
Max Drawdown (3Y)Largest decline over 3 years | -24.96% | -45.40% | +20.44% |
Max Drawdown (5Y)Largest decline over 5 years | -38.98% | -45.40% | +6.42% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.40% | — |
Current DrawdownCurrent decline from peak | -1.57% | -43.65% | +42.08% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -44.65% | +32.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 21.52% | -17.34% |
Volatility
VPN vs. SLV - Volatility Comparison
The current volatility for Global X Data Center REITs & Digital Infrastructure ETF (VPN) is 9.23%, while iShares Silver Trust (SLV) has a volatility of 14.09%. This indicates that VPN experiences smaller price fluctuations and is considered to be less risky than SLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VPN | SLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 14.09% | -4.86% |
Volatility (6M)Calculated over the trailing 6-month period | 18.31% | 59.18% | -40.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.99% | 60.10% | -37.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.09% | 36.50% | -14.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.07% | 32.04% | -9.97% |
VPN vs. SLV - Expense Ratio Comparison
Both VPN and SLV have an expense ratio of 0.50%.
Dividends
VPN vs. SLV - Dividend Comparison
VPN's dividend yield for the trailing twelve months is around 0.73%, while SLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SLV iShares Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VPN Global X Data Center REITs & Digital Infrastructure ETF | 0.73% | 1.10% | 1.72% | 1.18% | 2.57% | 1.27% | 0.30% |
Frequently Asked Questions
VPN and SLV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLV has higher volatility (14.09%) compared to VPN (9.23%). In terms of maximum drawdown, VPN dropped -38.98% vs SLV's -76.28%.
On 5-year performance, SLV leads with 20.04% vs 14.89% for VPN. Both ETFs have the same 0.50% expense ratio. On volatility, VPN has been the lower-risk option at 9.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SLV has performed better with a 20.04% return vs 14.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VPN and SLV have the same expense ratio: 0.50% per year.
VPN has the higher dividend yield at 0.73%, compared with 0.00% for SLV.
VPN is categorized as Technology Equities, while SLV is Silver. VPN tracks Solactive Data Center REITs & Digital Infrastructure Index, while SLV tracks LBMA Silver Price. They also come from different issuers: Global X and iShares.
VPN currently has the higher Sharpe Ratio (3.39 vs 1.32), 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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