SLVPvsGDXETF Comparison
ETF 1
SLVP
iShares MSCI Global Silver and Metals Miners ETF
This fund is part of
Global Blended Cap
+1.55%
VS
iShares MSCI Global Silver and Metals Miners ETF (SLVP) belongs to the Global Blended Cap segment. VanEck Gold Miners ETF (GDX) is part of the Uncategorized Equities segment. Both ETFs have the same top 3 sector exposures: and Materials. SLVP is less expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.51% for GDX. SLVP is up 8.86% year-to-date (YTD) with +$140M in YTD flows. GDX performs better with 11.06% YTD performance, and +$992M in YTD flows. Run a side-by-side ETF comparison of SLVP and GDX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SLVP vs GDX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SLVP GDX | -20.39%-17.10% | +9.97%+11.37% | +8.86%+11.06% | +155.24%+109.31% | +231.92%+199.79% | +158.13%+204.78% |
| Flows | SLVP GDX | -$56M-$676M | +$140M+$992M | +$140M+$992M | +$352M+$18M | +$348M-$4.05B | +$346M-$3.72B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SLVP GDX | +70.31%+59.62% | +52.81%+44.05% | +42.51%+34.15% | +41.99%+33.33% |
| Max drawdown | SLVP GDX | -33.26%-30.65% | -33.26%-30.65% | -34.80%-30.65% | -55.51%-46.13% |
| Max drawdown duration | SLVP GDX | 31d31d | 31d31d | 391d31d | 1463d855d |
Trading data
SLVP | GDX | |
Last sale 4/2/2026 at 1:30 PM | $36.79 | $94.59 |
| Previous close 04/01/2026 | $37.09 | $96.01 |
| Consolidated volume 04/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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SLVP | GDX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/2/2026 at 1:30 PM
Live
Closed
SLVP | GDX | |
|---|---|---|
| Last price | $36.79 | $94.59 |
| 1D performance | -0.81% | -1.48% |
| AuM | $1.03 B | $29.52 B |
| E/R | 0.39% | 0.51% |
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Exposure
Countries
SLVP
Canada
56.1%
USA
20.25%
United Kingdom
10.82%
Mexico
10.2%
Other
2.63%
GDX
Canada
57.33%
USA
21.51%
United Kingdom
8.74%
Australia
8.15%
Other
4.27%
Sectors
SLVP
Materials
97.23%
Other
2.77%
GDX
Materials
75.23%
Other
24.77%
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Diversification
SLVP
Total weight of top 15 holdings out of 15
82.49%
GDX
Total weight of top 15 holdings out of 15
67.74%
Top 15 holdings
Data as of February 28, 2026
SLVP
HECLA MINING
14.04%
FIRST MAJESTIC SILVER
10.82%
INDUSTRIAS PENOLES
10.20%
FRESNILLO PLC
10.11%
ENDEAVOUR SILVER
4.51%
AGNICO EAGLE MINES LTD
4.44%
DISCOVERY SILVER CORP
4.44%
SILVERCORP METALS
4.00%
WHEATON PRECIOUS METALS CORP
3.99%
NEWMONT CORP
3.99%
AYA GOLD AND SILVER
3.71%
KINROSS GOLD
3.01%
COEUR MINING INC
1.77%
PAN AMERICAN
1.76%
AVINO SILVER AND GOLD MINES
1.71%
GDX
AGNICO EAGLE MINES LTD
9.78%
NEWMONT CORP
8.48%
CA06849F1080
6.32%
GB00BRXH2664
5.52%
WHEATON PRECIOUS METALS CORP
5.15%
US38059T1060
4.90%
FRANCO NEVADA
4.87%
KINROSS GOLD
4.38%
PAN AMERICAN
3.94%
NORTHERN STAR RESOURCES
3.22%
ALAMOS GOLD
2.85%
ROYAL GOLD
2.47%
FIRST MAJESTIC SILVER
2.00%
EQUINOX GOLD
2.00%
EVOLUTION MINING
1.85%
Frequently asked questions about SLVP and GDX
How have the SLVP and GDX ETFs performed in 2026?
As of April 1, 2026, SLVP is up 8.86% year-to-date (YTD), while GDX has returned 11.06%. That puts GDX better performer ahead so far this year.
Which ETF is attracting more investor money: SLVP or GDX?
Year-to-date, the SLVP ETF saw +$140M in flows, compared to +$992M for GDX.
Which ETF is more volatile: SLVP or GDX?
Over the past year, SLVP had a volatility of 52.81%, while GDX experienced 44.05%.
Which ETF is bigger: SLVP or GDX?
As of April 1, 2026, SLVP holds $1.03 B in assets under management (AUM), while GDX manages $29.52 B.
What sectors do the SLVP and GDX ETFs invest in?
SLVP leans toward sectors like Materials. Meanwhile, GDX focuses on Materials.
What are the top holdings of the SLVP ETF and GDX ETF?
SLVP top holdings include HECLA MINING, FIRST MAJESTIC SILVER and INDUSTRIAS PENOLES. GDX holds in its top three: AGNICO EAGLE MINES LTD, NEWMONT CORP and CA06849F1080.
Which ETF is more diversified: SLVP or GDX?
SLVP holds 37 securities with 82.49% of its assets in the top 15. GDX has 48 securities and a top 15 weight of 67.74%.
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