CEF.TO vs. VIU.TO

Last updated Jun 5, 2026

CEF.TO (Sprott Physical Gold and Silver Trust) is a stock, while VIU.TO (Vanguard FTSE Developed All Cap ex North America Index ETF) is International Equity fund tracking the FTSE Developed All Cap ex North America Index. Over the past 10 years, CEF.TO returned 14.86%/yr vs 10.42%/yr for VIU.TO. At a 0.09 correlation, their price movements are largely independent.

Performance

CEF.TO vs. VIU.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Sprott Physical Gold and Silver Trust (CEF.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CEF.TO achieves a 3.63% return, which is significantly lower than VIU.TO's 17.08% return. Over the past 10 years, CEF.TO has outperformed VIU.TO with an annualized return of 14.86%, while VIU.TO has yielded a comparatively lower 10.42% annualized return.

CEF.TO

• 1D: 1.07%
• 1M: 1.67%
• YTD: 3.63%
• 6M: 11.95%
• 1Y: 58.70%
• 3Y*: 37.78%
• 5Y*: 21.95%
• 10Y*: 14.86%

VIU.TO

• 1D: 0.30%
• 1M: 6.34%
• YTD: 17.08%
• 6M: 17.65%
• 1Y: 33.04%
• 3Y*: 20.64%
• 5Y*: 12.06%
• 10Y*: 10.42%

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

CEF.TO vs. VIU.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CEF.TO Sprott Physical Gold and Silver Trust	3.63%	83.74%	34.77%	4.70%	7.88%	-8.74%	29.32%	11.22%	1.48%	10.21%
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	17.08%	27.83%	10.72%	15.66%	-10.63%	9.74%	7.56%	15.30%	-7.39%	19.22%

Correlation

The correlation between CEF.TO and VIU.TO is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Dec 9, 2015	0.09

Over the past year, CEF.TO and VIU.TO have become more correlated (0.32) than their long-term average of 0.09, meaning their price movements have been converging.

Return for Risk

CEF.TO vs. VIU.TO — Risk / Return Rank

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

CEF.TO

CEF.TO Risk / Return Rank: 79
CEF.TO Sharpe Ratio Rank: 83
CEF.TO Sortino Ratio Rank: 74
CEF.TO Omega Ratio Rank: 81
CEF.TO Calmar Ratio Rank: 78
CEF.TO Martin Ratio Rank: 78

VIU.TO

VIU.TO Risk / Return Rank: 65
VIU.TO Sharpe Ratio Rank: 67
VIU.TO Sortino Ratio Rank: 66
VIU.TO Omega Ratio Rank: 69
VIU.TO Calmar Ratio Rank: 58
VIU.TO Martin Ratio Rank: 64

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.

CEF.TO vs. VIU.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold and Silver Trust (CEF.TO) and Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO). 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	VIU.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.17	-0.55
Sortino ratio: Return per unit of downside risk	1.93	3.01	-1.08
Omega ratio: Gain probability vs. loss probability	1.31	1.41	-0.09
Calmar ratio: Return relative to maximum drawdown	2.30	2.83	-0.52
Martin ratio: Return relative to average drawdown	5.77	11.39	-5.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CEF.TO vs. VIU.TO - Sharpe Ratio Comparison

The current CEF.TO Sharpe Ratio is 1.62, which is comparable to the VIU.TO Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of CEF.TO and VIU.TO, 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

	CEF.TO	VIU.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	2.17	-0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.87	+0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.69	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.62	-0.48

Drawdowns

CEF.TO vs. VIU.TO - Drawdown Comparison

The maximum CEF.TO drawdown since its inception was -58.68%, which is greater than VIU.TO's maximum drawdown of -29.15%. Use the drawdown chart below to compare losses from any high point for CEF.TO and VIU.TO.

Drawdown Indicators

	CEF.TO	VIU.TO	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-29.15%	-29.53%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-11.74%	-13.86%
Max Drawdown (3Y) Largest decline over 3 years	-25.60%	-14.26%	-11.34%
Max Drawdown (5Y) Largest decline over 5 years	-25.60%	-25.35%	-0.25%
Max Drawdown (10Y) Largest decline over 10 years	-29.04%	-29.15%	+0.11%
Current Drawdown Current decline from peak	-19.38%	-0.14%	-19.24%
Average Drawdown Average peak-to-trough decline	-30.41%	-5.34%	-25.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.20%	2.91%	+7.29%

Volatility

CEF.TO vs. VIU.TO - Volatility Comparison

Sprott Physical Gold and Silver Trust (CEF.TO) has a higher volatility of 10.19% compared to Vanguard FTSE Developed All Cap ex North America Index ETF (VIU.TO) at 5.63%. This indicates that CEF.TO's price experiences larger fluctuations and is considered to be riskier than VIU.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEF.TO	VIU.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	5.63%	+4.56%
Volatility (6M) Calculated over the trailing 6-month period	33.87%	13.08%	+20.79%
Volatility (1Y) Calculated over the trailing 1-year period	36.49%	15.29%	+21.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	13.89%	+9.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	15.12%	+6.21%

Dividends

CEF.TO vs. VIU.TO - Dividend Comparison

CEF.TO has not paid dividends to shareholders, while VIU.TO's dividend yield for the trailing twelve months is around 2.16%.

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%
VIU.TO Vanguard FTSE Developed All Cap ex North America Index ETF	2.16%	2.48%	2.55%	2.65%	2.75%	2.37%	1.97%	2.67%	2.75%	2.12%	1.71%	0.27%

Frequently Asked Questions

Can I hold both CEF.TO and VIU.TO in my portfolio?

CEF.TO and VIU.TO have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.