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Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) Sortino Ratio: 2.05

ETF · Currency in CAD · Last updated Jun 4, 2026

Royal Canadian Mint - Canadian Silver Reserves is an exchange-traded receipt (ETR) that provides investors with direct beneficial ownership of physical silver bullion held at the Royal Canadian Mint. Each ETR represents an undivided interest in silver bullion with a minimum purity of 99.9%. Investors can redeem ETRs for physical silver including Maple Leaf coins, 100-oz bars, and 1000-oz London Good Delivery bars.

MNS.TO's Sortino Ratio of 2.05 indicates that for each unit of downside volatility, it generates 2.05 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.

MNS.TO Sortino Ratio Rank

MNS.TO Sortino Ratio Rank: 39.539
Below Average

MNS.TO ranks above 39.5% of all investments in our database based on Sortino Ratio over the past 12 months, indicating below-average returns relative to downside risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with minimal downside volatility → Higher rank
  • Severe or frequent drawdowns → Lower rank
  • Upside volatility → No impact (Sortino doesn't penalize upside swings)

What you can do with this information

  • Returns may not adequately compensate for downside risk taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better downside protection
  • Assess whether downside exposure aligns with your portfolio goals

MNS.TO Sortino Ratio Market Positioning

The chart shows MNS.TO's Sortino Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.

  • Red zone (bottom 25%): 1.30 or lower
  • Yellow zone (middle 50%): 1.30 to 3.34
  • Green zone (top 25%): 3.34 or higher
  • Top 1%: 12.70+
  • Median: 2.40 — half of all investments score higher

How it compares to other similar ETFs

The table compares Royal Canadian Mint - Canadian Silver Reserves's Sortino Ratio with other ETFs in the Silver, Precious Metals category across multiple time periods, showing how MNS.TO's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sortino Ratio5Y Sortino Ratio10Y Sortino RatioAll Time Sortino Ratio
SVR-C.TOiShares Silver Bullion ETF (Non-Hedged)2.13
MNS.TORoyal Canadian Mint - Canadian Silver Reserves2.05
SVR.TOiShares Silver Bullion ETF2.04
SBT.TOPurpose Silver Bullion Fund2.02
XGD.TOiShares S&P/TSX Global Gold Index ETF1.97
HUZ.TOGlobal X Silver ETF1.95
ZJG.TOBMO Junior Gold Index ETF1.93
GLCL.TOGlobal X Enhanced Gold Producer Equity Covered Call ETF1.90
SLVU.TOBetaPro Silver 2x Daily Bull ETF1.87
KILO-B.TOPurpose Gold Bullion Fund ETF Non-Currency Hedged1.80

S&P 500 Index

How to choose period

Historical Sortino Ratio

The chart shows MNS.TO's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when MNS.TO consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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IHow does MNS.TO fit in your portfolio?

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