SIL vs PZA
Comparison between Global X Silver Miners ETF (SIL, ETF) and INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF).
5-Year PerformanceSIL has outperformed PZA, delivering a return of +13.3% compared to -0.2%
SIL vs PZA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
SIL vs PZA - Historical Returns
Returns include dividend reinvestment.
SIL vs PZA - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | SIL | PZA |
|---|---|---|
| 2026 | -9.51% | +2.44% |
| 2025 | +155.29% | +1.38% |
| 2024 | +17.34% | +0.81% |
| 2023 | -0.35% | +7.75% |
| 2022 | -21.45% | -13.00% |
| 2021 | -24.30% | +2.26% |
| 2020 | +41.23% | +4.91% |
| 2019 | +33.94% | +8.48% |
| 2018 | -24.58% | +0.07% |
| 2017 | -3.64% | +6.78% |
| 2016 | +76.32% | +0.62% |
| 2015 | -33.97% | +3.65% |
| 2014 | -20.25% | +15.05% |
| 2013 | -51.94% | -6.96% |
| 2012 | +3.37% | +9.84% |
| 2011 | -22.87% | +13.58% |
| 2010 | +85.73% | -0.41% |
| 2009 | N/A | +17.92% |
| 2008 | N/A | -12.12% |
| 2007 | N/A | +0.75% |
SIL vs PZA Drawdown Comparison
The maximum drawdown for SIL was -82.99%, occurring on Jan 19, 2016. Recovery took 3652 trading sessions.
The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.
The current SIL drawdown is -36.36%. The current PZA drawdown is -0.87%.
| Rank | SIL | PZA |
|---|---|---|
| #1 | -82.99% Apr 8, 2011 - Oct 16, 2025 | -24.48% Jan 17, 2008 - Sep 11, 2009 |
| #2 | -37.20% Feb 27, 2026 - Jul 8, 2026 | -21.69% Mar 9, 2020 - Dec 7, 2020 |
| #3 | -23.41% Jan 3, 2011 - Mar 1, 2011 | -18.55% Jul 19, 2021 - Oct 25, 2022 |
| #4 | -22.10% Oct 16, 2025 - Dec 11, 2025 | -12.46% Nov 30, 2012 - Jul 14, 2014 |
| #5 | -19.71% Jan 28, 2026 - Feb 26, 2026 | -11.77% May 10, 2010 - Aug 3, 2011 |
| #6 | -15.50% May 12, 2010 - Aug 27, 2010 | -7.07% Jul 8, 2016 - Aug 29, 2017 |
| #7 | -13.94% Mar 7, 2011 - Apr 4, 2011 | -4.07% Oct 1, 2009 - Apr 27, 2010 |
| #8 | -10.38% Nov 8, 2010 - Nov 30, 2010 | -3.43% Feb 2, 2015 - Nov 19, 2015 |
| #9 | -6.95% Oct 14, 2010 - Nov 1, 2010 | -2.99% Dec 29, 2017 - Jan 2, 2019 |
| #10 | -6.80% Dec 26, 2025 - Jan 6, 2026 | -2.99% Oct 24, 2007 - Jan 2, 2008 |
| #11 | -6.57% Apr 29, 2010 - May 11, 2010 | -2.80% Feb 10, 2021 - May 28, 2021 |
| #12 | -6.00% Dec 6, 2010 - Dec 29, 2010 | -2.29% Sep 22, 2011 - Dec 14, 2011 |
| #13 | -2.27% Oct 6, 2010 - Oct 13, 2010 | -1.72% Sep 3, 2019 - Jan 6, 2020 |
| #14 | -2.26% Jan 6, 2026 - Jan 9, 2026 | -1.72% Oct 15, 2014 - Dec 12, 2014 |
| #15 | -2.24% Apr 23, 2010 - Apr 29, 2010 | -1.58% Feb 2, 2012 - Apr 13, 2012 |
Correlation
Correlation between SIL and PZA is -0.12 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2007 - 2026)
SIL vs PZA dividend yield comparison.
| Year | SIL | PZA |
|---|---|---|
| 2026 | 0.14% | 1.84% |
| 2025 | 1.18% | 3.55% |
| 2024 | 2.40% | 3.22% |
| 2023 | 0.59% | 2.91% |
| 2022 | 0.48% | 2.68% |
| 2021 | 1.59% | 2.34% |
| 2020 | 1.92% | 2.44% |
| 2019 | 1.53% | 2.81% |
| 2018 | 1.21% | 3.19% |
| 2017 | 0.02% | 3.04% |
| 2016 | 3.34% | 3.23% |
| 2015 | 0.38% | 3.59% |
| 2014 | 0.07% | 3.96% |
| 2013 | 0.66% | 4.27% |
| 2012 | 0.89% | 4.11% |
| 2011 | 0.17% | 4.48% |
| 2010 | 0.89% | 4.90% |
| 2009 | 0.00% | 4.68% |
| 2008 | 0.00% | 5.07% |
| 2007 | 0.00% | 0.93% |
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