CEF.TO vs. PHYS
CEF.TO (Sprott Physical Gold and Silver Trust) and PHYS (Sprott Physical Gold Trust) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 10 years, CEF.TO returned 14.61%/yr vs 13.21%/yr for PHYS. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
CEF.TO vs. PHYS - Performance Comparison
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Different Trading Currencies
CEF.TO is traded in CAD, while PHYS is traded in USD. To make them comparable, the PHYS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEF.TO achieves a 2.53% return, which is significantly lower than PHYS's 2.93% return. Over the past 10 years, CEF.TO has outperformed PHYS with an annualized return of 14.61%, while PHYS has yielded a comparatively lower 13.21% annualized return.
CEF.TO
- 1D
- -1.29%
- 1M
- 1.19%
- YTD
- 2.53%
- 6M
- 9.84%
- 1Y
- 56.98%
- 3Y*
- 37.16%
- 5Y*
- 21.69%
- 10Y*
- 14.61%
PHYS
- 1D
- -0.68%
- 1M
- 0.23%
- YTD
- 2.93%
- 6M
- 3.92%
- 1Y
- 32.84%
- 3Y*
- 31.50%
- 5Y*
- 20.77%
- 10Y*
- 13.21%
CEF.TO vs. PHYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEF.TO Sprott Physical Gold and Silver Trust | 2.53% | 83.74% | 34.77% | 4.70% | 7.88% | -8.74% | 29.32% | 11.22% | 1.48% | 10.21% |
PHYS Sprott Physical Gold Trust | 2.93% | 56.43% | 37.29% | 10.49% | 5.19% | -5.70% | 21.80% | 12.33% | 5.61% | 5.60% |
Correlation
The correlation between CEF.TO and PHYS is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2010 | 0.78 |
The correlation between CEF.TO and PHYS has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
Fundamentals
CEF.TO:
CA$17.05B
PHYS:
$16.17B
CEF.TO:
CA$17.80
PHYS:
$11.91
CEF.TO:
3.62
PHYS:
2.82
CEF.TO:
0.00
PHYS:
0.03
CEF.TO:
7.63
PHYS:
14.95
CEF.TO:
1.83
PHYS:
0.94
CEF.TO:
CA$1.93B
PHYS:
$1.06B
CEF.TO:
CA$1.91B
PHYS:
$3.03B
CEF.TO:
CA$4.07B
PHYS:
$5.61B
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Return for Risk
CEF.TO vs. PHYS — Risk / Return Rank
CEF.TO
PHYS
CEF.TO vs. PHYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold and Silver Trust (CEF.TO) and Sprott Physical Gold Trust (PHYS). 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.
| CEF.TO | PHYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 1.82 | +0.41 |
| Martin ratioReturn relative to average drawdown | 5.65 | 4.49 | +1.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEF.TO | PHYS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.26 | +0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.95 | 1.22 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.84 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.55 | -0.41 |
Drawdowns
CEF.TO vs. PHYS - Drawdown Comparison
The maximum CEF.TO drawdown since its inception was -58.68%, which is greater than PHYS's maximum drawdown of -36.76%. Use the drawdown chart below to compare losses from any high point for CEF.TO and PHYS.
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Drawdown Indicators
| CEF.TO | PHYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.68% | -36.76% | -21.92% |
Max Drawdown (1Y)Largest decline over 1 year | -25.60% | -18.09% | -7.51% |
Max Drawdown (3Y)Largest decline over 3 years | -25.60% | -18.09% | -7.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.60% | -18.09% | -7.51% |
Max Drawdown (10Y)Largest decline over 10 years | -29.04% | -23.34% | -5.70% |
Current DrawdownCurrent decline from peak | -20.24% | -16.20% | -4.04% |
Average DrawdownAverage peak-to-trough decline | -30.41% | -13.90% | -16.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.12% | 7.33% | +2.79% |
Volatility
CEF.TO vs. PHYS - Volatility Comparison
Sprott Physical Gold and Silver Trust (CEF.TO) has a higher volatility of 10.15% compared to Sprott Physical Gold Trust (PHYS) at 5.51%. This indicates that CEF.TO's price experiences larger fluctuations and is considered to be riskier than PHYS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEF.TO | PHYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 5.51% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 33.86% | 22.48% | +11.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.49% | 26.17% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.90% | 17.08% | +5.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.33% | 15.69% | +5.64% |
Dividends
CEF.TO vs. PHYS - Dividend Comparison
Neither CEF.TO nor PHYS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEF.TO Sprott Physical Gold and Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.09% | 0.09% |
PHYS Sprott Physical Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CEF.TO vs. PHYS - Financials Comparison
This section allows you to compare key financial metrics between Sprott Physical Gold and Silver Trust and Sprott Physical Gold Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
CEF.TO and PHYS have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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