SIL — Global X Silver Miners ETF
Materials Ranked #258 of 458 tracked ETFs · Issued by Global X Funds
SIL Price Performance — Growth of $10,000
Value of a $10,000 investment in SIL over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.
SIL Drawdown
The "underwater" chart: SIL's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.
What If You'd Invested in SIL?
See what a lump sum in SIL would have grown to, with the option to add a regular monthly contribution on top. Figures use total returns — dividends are assumed reinvested.
Past performance doesn't predict future results. Assumes contributions on the first trading day of each month, no trading costs or taxes, and reinvested distributions. History is limited to the range published in the site's daily return data.
Overview
The Global X Silver Miners ETF (SIL) operates within the Materials category, which ETFValuer tracks among 15 total funds. Issued by Global X Funds, the fund manages $4.21 billion in assets and trades at a price of $73.99. It holds an overall rank of #258 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 59.8 out of 100. The fund charges an expense ratio of 0.65% while offering a dividend yield of 1.31%. The substantial asset base and current price suggest significant investor adoption relative to the fund's specific niche. These metrics collectively define the fund's standing as a mid-tier option within its broader category and the wider market universe.
Recent price action shows a decline over the shortest horizons, with the fund down -2.36% over one day and -2.04% over one week. This negative momentum extended to the monthly timeframe, where returns fell -5.52%, and the fund posted a year-to-date loss of -10.74%. The downward trend accelerated significantly over the last six months, resulting in a -33.85% return, while the three-month period saw a -20.93% drop. Despite these recent losses, the fund has demonstrated strong long-term growth, posting a +49.63% return over the past year. This positive annual performance is supported by an even more robust three-year return of +196.47%. The data indicates a pattern where short-term volatility and drawdowns have recently overshadowed the fund's substantial multi-year gains.
The fund carries a Very High volatility label and a beta of 1.06, indicating that its price movements tend to exceed the broader market's fluctuations. A Sharpe ratio of 0.84 suggests the fund has generated a moderate amount of excess return per unit of risk taken over the measured period. This risk profile is further illustrated by a maximum drawdown of -39.41%, which represents the largest peak-to-trough decline experienced by the fund. The combination of high beta and severe drawdowns implies the fund is prone to sharp declines during market downturns. Conversely, the high volatility allows for significant price swings that have contributed to the fund's strong three-year returns. Investors in this fund must be prepared for substantial price fluctuations in both directions.
AI-generated summary based on the data on this page.
SIL Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Wheaton Precious Metals Corp. | 22.30% | $1.18B |
| 2 | Pan American Silver Corp. | 12.16% | $643M |
| 3 | COEUR MINING, INC. | 7.26% | $384M |
| 4 | FIRST MAJESTIC SILVER CORP. | 5.47% | $289M |
| 5 | FRESNILLO PLC | 5.43% | $287M |
| 6 | HECLA MINING COMPANY | 5.04% | $266M |
| 7 | KOREA ZINC INC | 4.68% | $248M |
| 8 | INDUSTRIAS PENOLES, S.A.B. DE C.V. | 4.54% | $240M |
| 9 | SSR MINING INC. | 4.25% | $225M |
| 10 | Compania de Minas Buenaventura S.A.A. | 3.92% | $207M |
Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 75.1% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SIL's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.
Which Funds Overlap With SIL
Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SIL's top 10 — GDXJ overlaps most, holding 3 of the same companies as SIL's top 10 (17.8% of SIL's assets).
| ETF | Name | Shared Companies | SIL Weight | Examples |
|---|---|---|---|---|
| GDXJ | VanEck Junior Gold Miners ETF | 3 | 17.8% | COEUR MINING, INC., FIRST MAJESTIC SILVER CORP., HECLA MINING COMPANY |
| GDX | VanEck Gold Miners ETF | 2 | 34.5% | Wheaton Precious Metals Corp., Pan American Silver Corp. |
| RING | iShares MSCI Global Gold Miners ETF | 2 | 34.5% | Wheaton Precious Metals Corp., Pan American Silver Corp. |
| EPU | iShares MSCI Peru ETF | 2 | 16.1% | Pan American Silver Corp., Compania de Minas Buenaventura S.A.A. |
| VTWO | Vanguard Russell 2000 Index Fund ETF Shares | 2 | 12.3% | COEUR MINING, INC., HECLA MINING COMPANY |
Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.
Market Backdrop
10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.
CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.
Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.
What SIL's Fees Cost You
SIL charges an expense ratio of 0.65% a year, deducted automatically from the fund's value. Small percentages compound into real money — adjust the figures below to see the impact on your own numbers.
Assumes a constant gross return and no additional contributions — a simplification, but it isolates exactly what the expense ratio costs. Try the full fee calculator to model contributions and compare any two funds.
SIL Dividend Income Estimator
SIL currently yields 1.31%. Enter an amount to see the income that implies, or set a monthly income target to see the investment it would take.
Based on the fund's current trailing yield, which varies with price and distributions — treat it as an estimate, not a guarantee. Yields are not adjusted for tax.
SIL Liquidity, Domicile & Tax Treatment
Liquidity: Quoted bid/ask spread is 3.99% and average daily volume is 1.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.21B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.
Domicile & tax treatment: SIL is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.
SIL Performance History
| Period | Return |
|---|---|
| 1-Day | -2.36% |
| 1-Week | -2.04% |
| 1-Month | -5.52% |
| 3-Month | -20.93% |
| 6-Month | -33.85% |
| YTD | -10.74% |
| 1-Year | +49.63% |
| 3-Year | +196.47% |
How SIL Compares to Other Materials ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #152 | B |
COPX | Global X Copper Miners ETF | +73.77% | 0.65% | $7.15B |
| #210 | C |
GDX | VanEck Gold Miners ETF | +38.53% | 0.51% | $22.8B |
| #234 | C |
GDXJ | VanEck Junior Gold Miners ETF | +45.99% | 0.52% | $7.08B |
| #235 | C |
XME | State Street SPDR S&P Metals & Mining ETF | +31.20% | 0.35% | $4.38B |
| #243 | C |
RING | iShares MSCI Global Gold Miners ETF | +41.77% | 0.39% | $2.20B |
| #255 | C |
SILJ | Amplify Junior Silver Miners ETF | +58.77% | 0.69% | $3.40B |
| #258 | C |
SIL | Global X Silver Miners ETF | +49.63% | 0.65% | $4.21B |
| #319 | C |
IYM | iShares U.S. Basic Materials ETF | +22.49% | 0.38% | $1.41B |
| #330 | C |
XLB | State Street Materials Select Sector SPDR ETF | +15.39% | 0.08% | $8.17B |
| #346 | C |
LIT | Global X Lithium & Battery Tech ETF | +51.09% | 0.75% | $1.77B |
| #367 | C |
VAW | Vanguard Materials Index Fund ETF Shares | +14.23% | 0.09% | $4.49B |
| #385 | D |
FMAT | Fidelity MSCI Materials Index ETF | +14.13% | 0.084% | $624M |
| #402 | D |
MOO | VanEck Agribusiness ETF | +14.95% | 0.56% | $944M |
| #421 | D |
URA | Global X Uranium ETF | -2.44% | 0.69% | $6.00B |
| #422 | D |
NLR | VanEck Uranium and Nuclear ETF | -10.06% | 0.52% | $4.21B |