What is Global X Silver Miners ETF's risk, return, and volatility like?
Global X Silver Miners ETF returned +161.4% over the 1Y window. On the 5Y lens, Sharpe ratio is 0.56, annualized volatility is 39.0%, and max drawdown is -55.6%.
Cite This Comparison
"Global X Silver Miners ETF (SIL): Returns, Risk & Drawdowns." Gale Finance, May 12, 2026. https://www.gale.finance/assets/sil/ Free to use with attribution. Please link back to this page or gale.finance.
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Price history
Global X Silver Miners ETF price over the past 5Y
Track Global X Silver Miners ETF's standalone price path with macro and asset-specific events enabled by default.
Global X Silver Miners ETF price over the past 5Y
Key takeaways
- Total Return: SIL returned +161.4% over the 1Y window and +149.5% over the 5Y window ; annualized return over 5Y was +20.1%.
- Risk-adjusted return: Sharpe was 0.56 and Sortino was 0.80 over 5Y. Sharpe counts total volatility; Sortino focuses on downside volatility.
- Volatility & drawdown: Annualized volatility was 48.9% over 1Y and 39.0% over 5Y ; max drawdown was -32.9% over 1Y and -55.6% over 5Y .
- Tail risk (Expected Shortfall): Over 5Y, daily VaR (5%) was -4.0% and Expected Shortfall was -5.6%. VaR is the cutoff; Expected Shortfall is the average move inside the worst 5% of daily returns.
- Skew & kurtosis: Over 5Y, skew was -0.35 and excess kurtosis was 2.56. Skew shows return asymmetry; excess kurtosis shows how fat the tails were versus a Normal distribution.
- Risk ratios: Sortino Ratio: 0.80 , Calmar Ratio: 0.36 , Sterling Ratio: 0.49 , Treynor Ratio: 0.26 , Ulcer Index: 32.55% .
Global X Silver Miners ETF Drawdown
Max drawdown shows the deepest peak-to-trough decline Global X Silver Miners ETF suffered in each research window. 1Y: -32.9%; 5Y: -55.6%.
Global X Silver Miners ETF is currently -13.0% below its prior peak, with the high-water mark at $118.03. 5Y low is $20.60.
5Y drawdown episodes
Global X Silver Miners ETF Volatility
Volatility Global X Silver Miners ETF's annualized volatility shows how widely daily closes moved over 1Y and 5Y. Higher values mean a noisier path, not automatically a better or worse investment. 1Y: 48.9%; 5Y: 39.0%.
Benchmark context
Where SIL fits relative to other lenses
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Risk-adjusted ratios
These ratios compare return against different definitions of risk: total volatility, downside volatility, drawdowns, benchmark beta, and time spent underwater.
Global X Silver Miners ETF Sharpe Ratio
SIL Sharpe Ratio (5Y)
Return per total volatilityThe dot sits at (Global X Silver Miners ETF's annualized volatility, its excess annualized return). The slope from the origin to the dot is the Sharpe ratio — steeper means the asset converted risk into return more efficiently.
Sharpe ratio Global X Silver Miners ETF's Sharpe ratio measures excess return per unit of total volatility. Higher readings mean the asset converted risk into return more efficiently over the same window. 1Y: 2.14; 5Y: 0.56.
A Sharpe above 1.0 is generally considered good, above 2.0 is excellent. Negative Sharpe means the asset underperformed the risk-free rate. Calculated on each asset's full 365-day lookback of available prices and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).
Global X Silver Miners ETF Sortino Ratio
SIL Sortino Ratio (5Y)
Return per downside volatilityGlobal X Silver Miners ETF's daily-return distribution over the long window. Days left of the target line are the only ones Sortino penalizes in the denominator — so a distribution with a fat left tail produces a smaller Sortino even at the same mean return.
Sortino ratio Global X Silver Miners ETF's Sortino ratio isolates downside volatility instead of all volatility. It is the cleaner lens when you care more about bad downside moves than upside noise. 1Y: 3.06; 5Y: 0.80.
A higher Sortino is better. It's useful when upside volatility is common (crypto is the obvious example). Calculated on each asset's full 365-day lookback of available prices, using the daily risk-free rate as the target return, and annualized using the asset calendar (365 for crypto, 252 trading days for equities/ETFs/metals).
Global X Silver Miners ETF Calmar Ratio
SIL Calmar Ratio (5Y)
CAGR per worst drawdownGlobal X Silver Miners ETF's CAGR bar sits above zero, the max drawdown bar sits below. Calmar is the ratio of those two magnitudes — a shallow drawdown bar with a tall CAGR bar produces a strong Calmar.
Calmar ratio Global X Silver Miners ETF's Calmar ratio measures return per unit of max drawdown. It is useful when the path of losses matters as much as the final return. 1Y: 4.91; 5Y: 0.36.
Calmar is computed on each asset's full 365-day lookback and uses the max drawdown over that same window.
Global X Silver Miners ETF Sterling Ratio
SIL Sterling Ratio (5Y)
Return per average drawdownThe underwater curve shows Global X Silver Miners ETF's drawdowns over the long window. Sterling averages every event deeper than the 10% threshold instead of taking only the worst one — so an asset with many mid-size drawdowns scores worse here than on Calmar.
Sterling ratio Global X Silver Miners ETF's Sterling ratio compares return against deep drawdown pressure. It gives a harsher read on assets that compound well but suffer ugly declines along the way. 1Y: 6.32; 5Y: 0.49.
Sterling uses average drawdown events deeper than 10% and subtracts the risk-free rate to report excess return.
Global X Silver Miners ETF Ulcer Index
SIL Ulcer Index (5Y)
Drawdown painThe underwater curve shows how deep and how long Global X Silver Miners ETF's drawdowns were. Ulcer is the root-mean-square of that curve — both depth and persistence count, so lower is better.
Ulcer Index Global X Silver Miners ETF's Ulcer Index measures both the depth and persistence of drawdowns. Lower is better because it means fewer and shallower underwater periods. 1Y: 11.56; 5Y: 32.55.
Ulcer Index is computed from each asset's drawdown series over the full lookback window.
Global X Silver Miners ETF Treynor Ratio
SIL Treynor Ratio (5Y)
Excess return per beta vs SPYThe line's slope is Global X Silver Miners ETF's beta to SPY — steeper means more market-sensitive. Treynor divides excess return by that slope, so an asset can look efficient with a shallow beta and a small return, or inefficient with a steep beta and a big return.
Treynor ratio measures excess return per unit of market beta versus SPY. A high Treynor means the asset compensated its market exposure well over this window. A low or negative Treynor means the asset's market risk wasn't rewarded.
Treynor uses beta vs the S&P 500 (SPY) on shared dates and the average 3-month Treasury rate as the risk-free rate.
Global X Silver Miners ETF Tail Risk
Tail-risk stats use daily return distributions rather than simple end-point returns. They show how ugly the left tail has been, how severe the worst 5% of days were, and whether returns were skewed toward outsized upside or downside shocks.
The histogram shows the shape of Global X Silver Miners ETF's daily log returns over the 5Y window. Bars left of the 5% VaR marker are the worst 5% of days; the ES marker is the average loss inside that tail. Skew and excess kurtosis describe whether the distribution is symmetric around zero and whether extreme days are more common than a Normal distribution predicts.
SIL daily return distribution (5Y)
SIL daily return distribution (5Y)Log-return histogram with Value-at-Risk and Expected Shortfall markers at the 5% left tail.
| Metric | 1Y | 5Y |
|---|---|---|
| VaR (5%) | -5.1% Historical daily threshold | -4.0% Historical daily threshold |
| Expected shortfall (5%) | -7.8% Beyond the VaR threshold | -5.6% Beyond the VaR threshold |
| Skew | -1.03 | -0.35 |
| Excess kurtosis | 3.69 | 2.56 |
Less negative daily VaR and Expected Shortfall values mean the left tail was less violent. Skew and excess kurtosis help distinguish between steady compounding and a path dominated by occasional extreme moves.
Full stats table
Every window-consistent research metric
Each column keeps the same horizon across returns, ratios, drawdowns, and tail-risk metrics.
| Metric | 1Y Recent window | 5Y Deeper research window |
|---|---|---|
| Total return | +161.4% | +149.5% |
| Annualized return | +161.6% | +20.1% |
| Volatility | 48.9% Annualized daily closes | 39.0% Annualized daily closes |
| Sharpe ratio | 2.14 | 0.56 |
| Sortino ratio | 3.06 | 0.80 |
| Calmar ratio | 4.91 | 0.36 |
| Sterling ratio | 6.32 | 0.49 |
| Ulcer Index | 11.56 | 32.55 |
| Max drawdown | -32.9% 2026-02-27 to 2026-03-20 | -55.6% 2021-06-02 to 2022-09-26 |
| VaR (5%) | -5.1% Historical daily threshold | -4.0% Historical daily threshold |
| Expected shortfall (5%) | -7.8% Beyond the VaR threshold | -5.6% Beyond the VaR threshold |
| Skew | -1.03 | -0.35 |
| Excess kurtosis | 3.69 | 2.56 |
What viewers usually ask next
What is Global X Silver Miners ETF's 5Y CAGR?
Global X Silver Miners ETF's 5y cagr is +20.1% on Gale using the past 5 years.
What is Global X Silver Miners ETF's 1-year volatility?
Annualized volatility is 48.9% over the past year.
What is Global X Silver Miners ETF's 5-year Sharpe ratio?
Global X Silver Miners ETF's Sharpe ratio is 0.56 using the past 5 years.
What is Global X Silver Miners ETF's 5-year Sortino ratio?
Global X Silver Miners ETF's Sortino ratio is 0.80 using the past 5 years.
What is Global X Silver Miners ETF's 5-year Calmar ratio?
Global X Silver Miners ETF's Calmar ratio is 0.36 using the past 5 years.
What is Global X Silver Miners ETF's 5-year Sterling ratio?
Global X Silver Miners ETF's Sterling ratio is 0.49 using the past 5 years.
What is Global X Silver Miners ETF's 5-year Ulcer Index?
Global X Silver Miners ETF's Ulcer Index is 32.55 using the past 5 years. Lower is better because it means shallower and less persistent drawdowns.
What is Global X Silver Miners ETF's 5-year max drawdown?
Max drawdown is -55.6% over the past 5 years from 2021-06-02 to 2022-09-26.
What is Global X Silver Miners ETF's 5-year daily Value at Risk?
Using historical daily returns, Gale estimates a 5% Value at Risk of -4.03% over the past 5 years.
What is Global X Silver Miners ETF's 5-year Expected Shortfall?
Expected Shortfall is -5.61% over the past 5 years, which captures the average outcome inside the worst 5% of daily returns.
Is Global X Silver Miners ETF still below its all-time high?
Current drawdown is -13.0% versus the all-time high of $118.03 reached on 2026-02-27.
Which benchmark should viewers open first for Global X Silver Miners ETF?
S&P 500 is the default benchmark lens on Gale because it gives the cleanest context for Global X Silver Miners ETF's recent behavior.