ASO vs. PSLV

Last updated Jun 5, 2026

ASO (Academy Sports and Outdoors, Inc.) is a stock, while PSLV (Sprott Physical Silver Trust) is Silver fund tracking the No Index (Physical Silver). Over the past 5 years, ASO returned 7.34%/yr vs 18.65%/yr for PSLV. At a 0.13 correlation, their price movements are largely independent.

Performance

ASO vs. PSLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Academy Sports and Outdoors, Inc. (ASO) and Sprott Physical Silver Trust (PSLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASO achieves a 2.57% return, which is significantly higher than PSLV's -0.89% return.

ASO

• 1D: -1.33%
• 1M: -1.75%
• YTD: 2.57%
• 6M: 4.22%
• 1Y: 20.69%
• 3Y*: 2.62%
• 5Y*: 7.34%
• 10Y*: —

PSLV

• 1D: 0.90%
• 1M: -0.64%
• YTD: -0.89%
• 6M: 23.11%
• 1Y: 102.24%
• 3Y*: 42.33%
• 5Y*: 18.65%
• 10Y*: 14.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASO vs. PSLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ASO Academy Sports and Outdoors, Inc.	2.57%	-12.23%	-12.18%	26.44%	20.55%	111.77%	59.58%
PSLV Sprott Physical Silver Trust	-0.89%	145.08%	19.43%	-1.94%	2.74%	-14.13%	11.19%

Correlation

The correlation between ASO and PSLV is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Oct 5, 2020	0.13

Fundamentals

Market Cap ASO : $3.45B PSLV : $14.73B
EPS ASO : $5.56 PSLV : $13.57
PE Ratio ASO : 9.19 PSLV : 1.71
PS Ratio ASO : 0.57 PSLV : 218.98
PB Ratio ASO : 1.59 PSLV : 0.90
Total Revenue (TTM) ASO : $6.05B PSLV : $64.19M
Gross Profit (TTM) ASO : $2.11B PSLV : $404.67M
EBITDA (TTM) ASO : $512.18M PSLV : $8.21B

Return for Risk

ASO vs. PSLV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASO

ASO Risk / Return Rank: 56
ASO Sharpe Ratio Rank: 58
ASO Sortino Ratio Rank: 54
ASO Omega Ratio Rank: 51
ASO Calmar Ratio Rank: 58
ASO Martin Ratio Rank: 60

PSLV

PSLV Risk / Return Rank: 47
PSLV Sharpe Ratio Rank: 52
PSLV Sortino Ratio Rank: 39
PSLV Omega Ratio Rank: 54
PSLV Calmar Ratio Rank: 52
PSLV Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASO vs. PSLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Academy Sports and Outdoors, Inc. (ASO) and Sprott Physical Silver Trust (PSLV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ASO	PSLV	Difference
Sharpe ratio: Return per unit of total volatility	0.48	1.76	-1.28
Sortino ratio: Return per unit of downside risk	0.97	1.99	-1.02
Omega ratio: Gain probability vs. loss probability	1.11	1.33	-0.22
Calmar ratio: Return relative to maximum drawdown	0.79	2.53	-1.74
Martin ratio: Return relative to average drawdown	1.96	5.58	-3.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASO vs. PSLV - Sharpe Ratio Comparison

The current ASO Sharpe Ratio is 0.48, which is lower than the PSLV Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ASO and PSLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASO	PSLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	1.76	-1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.53	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.17	+0.43

Drawdowns

ASO vs. PSLV - Drawdown Comparison

The maximum ASO drawdown since its inception was -54.17%, smaller than the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for ASO and PSLV.

Drawdown Indicators

	ASO	PSLV	Difference
Max Drawdown Largest peak-to-trough decline	-54.17%	-79.38%	+25.21%
Max Drawdown (1Y) Largest decline over 1 year	-26.42%	-40.65%	+14.23%
Max Drawdown (3Y) Largest decline over 3 years	-54.17%	-40.65%	-13.52%
Max Drawdown (5Y) Largest decline over 5 years	-54.17%	-40.65%	-13.52%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.79%	—
Current Drawdown Current decline from peak	-30.58%	-35.53%	+4.95%
Average Drawdown Average peak-to-trough decline	-19.23%	-58.15%	+38.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.60%	18.38%	-7.78%

Volatility

ASO vs. PSLV - Volatility Comparison

The current volatility for Academy Sports and Outdoors, Inc. (ASO) is 12.46%, while Sprott Physical Silver Trust (PSLV) has a volatility of 16.60%. This indicates that ASO experiences smaller price fluctuations and is considered to be less risky than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASO	PSLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.46%	16.60%	-4.14%
Volatility (6M) Calculated over the trailing 6-month period	30.77%	57.34%	-26.57%
Volatility (1Y) Calculated over the trailing 1-year period	43.09%	58.49%	-15.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.24%	35.64%	+10.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.89%	31.14%	+15.75%

Dividends

ASO vs. PSLV - Dividend Comparison

ASO's dividend yield for the trailing twelve months is around 1.06%, while PSLV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
ASO Academy Sports and Outdoors, Inc.	1.06%	1.04%	0.76%	0.55%	0.57%
PSLV Sprott Physical Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASO and PSLV in my portfolio?

ASO and PSLV have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASO or PSLV?

PSLV has higher volatility (16.60%) compared to ASO (12.46%). In terms of maximum drawdown, ASO dropped -54.17% vs PSLV's -79.38%.

Which has better risk-adjusted returns?

PSLV currently has the higher Sharpe Ratio (1.76 vs 0.48), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.