SLVP Outruns GLD Over the Past Year, With Higher Volatility and Risk

Overview

• Over the 12 months to Jan. 30, 2026, SLVP returned 187.2% versus 72.4% for GLD.
• SLVP holds silver and metals mining stocks, whereas GLD tracks the price of physical gold bullion.
• Five-year risk metrics show deeper downside for SLVP, with a max drawdown of 55.56% compared with 21.03% for GLD, reflecting miners’ operational and equity-market exposure.
• GLD’s assets total about $188.9 billion versus roughly $1.4 billion for SLVP, underscoring a major liquidity gap.
• Expense ratios are nearly identical at 0.39% for SLVP and 0.40% for GLD, only SLVP pays a dividend at about 1.6%, and five-year growth of $1,000 favors GLD at $2,554 versus $2,112 for SLVP.