SIL — Global X Silver Miners ETF
Materials Ranked #373 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 is a materials sector fund issued by Global X Funds with $4.42 billion in assets. It holds an ETFValuer grade of C, reflecting a score of 49.7 out of 100. Within its category, the fund ranks 10th out of 15 peers, while its overall standing is 373rd among 458 tracked ETFs. The expense ratio of 0.65% exceeds the category median of 0.52%, and its dividend yield of 1.37% trails the median of 1.43%. The fund’s top ten holdings comprise 79.5% of assets, with Wheaton Precious Metals Corp. representing the largest single position at 22.4%.
The fund’s price of $74.06 sits at 21.3% of its 52-week range, indicating a significant decline from recent highs. Short-term performance shows weakness, with one-month and year-to-date returns of -18.58% and -10.66% respectively. This contrasts with a positive one-year return of +10.30%, though it remains slightly below the category median of +10.74%. The rating was upgraded from D to C on 2026-10-22, coinciding with the availability of three years of price history. Long-term data reveals a strong three-year return of +213.25%, suggesting a divergence between recent short-term trends and longer-term growth.
With an annualized volatility of 54.38%, the fund is classified as Very High risk. Its beta of 1.09 indicates that it moves slightly more than the broader market. The Sharpe ratio of 0.10 suggests limited risk-adjusted returns relative to the volatility experienced. A maximum drawdown of -39.41% highlights the potential for substantial capital erosion during downturns. Liquidity is supported by an average daily volume of 1,066,718 shares, facilitating trade execution despite the high price swings.
AI-generated summary based on the data on this page.
SIL Top Holdings
| # | Holding | % of Net Assets | Value |
|---|---|---|---|
| 1 | Wheaton Precious Metals Corp. | 22.38% | $883M |
| 2 | Pan American Silver Corp. | 12.54% | $495M |
| 3 | COEUR MINING, INC. | 10.59% | $418M |
| 4 | United States of America | 7.07% | $279M |
| 5 | INDUSTRIAS PENOLES, S.A.B. DE C.V. | 5.21% | $206M |
| 6 | HECLA MINING COMPANY | 4.63% | $183M |
| 7 | FIRST MAJESTIC SILVER CORP. | 4.47% | $176M |
| 8 | FRESNILLO PLC | 4.30% | $170M |
| 9 | Compania de Minas Buenaventura S.A.A. | 4.18% | $165M |
| 10 | OR Royalties Inc. | 4.16% | $164M |
Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 79.5% 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 — RING overlaps most, holding 3 of the same companies as SIL's top 10 (45.5% of SIL's assets).
| ETF | Name | Shared Companies | SIL Weight | Examples |
|---|---|---|---|---|
| RING | iShares MSCI Global Gold Miners ETF | 3 | 45.5% | Wheaton Precious Metals Corp., Pan American Silver Corp., COEUR MINING, INC. |
| GDXJ | VanEck Junior Gold Miners ETF | 3 | 19.7% | COEUR MINING, INC., HECLA MINING COMPANY, FIRST MAJESTIC SILVER CORP. |
| GDX | VanEck Gold Miners ETF | 2 | 34.9% | Wheaton Precious Metals Corp., Pan American Silver Corp. |
| XME | State Street SPDR S&P Metals & Mining ETF | 2 | 15.2% | COEUR MINING, INC., HECLA MINING COMPANY |
| SCHA | Schwab U.S. Small-Cap ETF | 1 | 10.6% | COEUR MINING, INC. |
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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — 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 1.37%. 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: Average daily volume is 1.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $4.42B 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 | -2.54% |
| 1-Week | -10.23% |
| 1-Month | -18.58% |
| 3-Month | -2.27% |
| 6-Month | -21.83% |
| YTD | -10.66% |
| 1-Year | +10.30% |
| 3-Year | +213.25% |
How SIL Compares to Other Materials ETFs
| Rank | Grade | Ticker | Name | 1-Year | Exp. Ratio | AUM |
|---|---|---|---|---|---|---|
| #179 | C |
XLB | State Street Materials Select Sector SPDR ETF | +18.29% | 0.08% | $7.78B |
| #212 | C |
IYM | iShares U.S. Basic Materials ETF | +23.83% | 0.37% | $1.26B |
| #247 | C |
COPX | Global X Copper Miners ETF | +27.13% | 0.65% | $7.25B |
| #280 | C |
VAW | Vanguard Materials Index Fund ETF Shares | +13.04% | 0.09% | $4.49B |
| #291 | C |
MOO | VanEck Agribusiness ETF | +14.43% | 0.56% | $1.14B |
| #324 | C |
GDX | VanEck Gold Miners ETF | +10.74% | 0.51% | $26.3B |
| #336 | C |
FMAT | Fidelity MSCI Materials Index ETF | +12.73% | 0.084% | $574M |
| #346 | C |
RING | iShares MSCI Global Gold Miners ETF | +13.03% | 0.39% | $2.31B |
| #370 | D |
GDXJ | VanEck Junior Gold Miners ETF | +6.99% | 0.52% | $8.37B |
| #373 | C |
SIL | Global X Silver Miners ETF | +10.30% | 0.65% | $4.42B |
| #384 | D |
XME | State Street SPDR S&P Metals & Mining ETF | -0.69% | 0.35% | $4.09B |
| #399 | D |
SILJ | Amplify Junior Silver Miners ETF | +3.26% | 0.69% | $3.55B |
| #419 | D |
LIT | Global X Lithium & Battery Tech ETF | +8.36% | 0.75% | $1.43B |
| #443 | F |
URA | Global X Uranium ETF | -26.98% | 0.69% | $5.59B |
| #445 | F |
NLR | VanEck Uranium and Nuclear ETF | -34.15% | 0.52% | $3.55B |