Compare/Updated Oct 26, 2026, refreshed every trading day
GLD vs SLV
SPDR Gold Shares against iShares Silver Trust: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SLV did better over the 1,000 trading days from Oct. 28, 2022 to Oct. 23, 2026: $1,000 grew to $2,746, versus $2,394 for GLD, a 174.6% gain versus 139.4%. SLV also led over three years, returning 132.6% versus GLD’s 102.7%. However, the stronger return came with substantially greater risk. SLV’s 12-month volatility was 62.6%, more than double GLD’s 28.5%, and its worst drawdown was 53.9% versus GLD’s 26.4%. SLV also had weaker recent performance, down 24.4% year to date and 29.2% over six months, while GLD was down 7.5% and 15.4%, respectively. GLD’s lower 0.40% expense ratio, compared with SLV’s 0.50%, further favors it for cost-conscious investors. SLV delivered more upside; GLD offered materially smoother downside risk.
- Price is below its 200-day average ($414); 50-day at $395.
- RSI 34, neutral. Supertrend says sell. ADX 22, so the trend is developing.
- Price is below its 200-day average ($65); 50-day at $57.
- RSI 31, neutral. Supertrend says sell. ADX 25, so the trend is developing.
Head to head
Which has returned more, GLD or SLV?
GLD beat SLV in 23 of the last 48 months; SLV won the other 25. The typical monthly gap was 4.19 points.
Total return by period
Which is riskier?
GLD: Jan 29, 2026 to Jul 16, 2026; SLV: Jan 29, 2026 to Oct 23, 2026
- 0.793
- correlation of daily moves, 4 years
- 0.40
- GLD move per 1% in SLV
- 0.841
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 4.19 points.
When did they diverge?
| Month | GLD | SLV | Gap |
|---|---|---|---|
| December 2025 | +2.1% | +25.9% | -23.85 pts |
| May 2024 | +1.6% | +15.4% | -13.81 pts |
| November 2025 | +5.5% | +16.3% | -10.84 pts |
| June 2026 | -11.7% | -21.8% | +10.09 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with GLD and SLV?
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