CEF.TO vs. XDG.TO

Last updated Jun 5, 2026

CEF.TO (Sprott Physical Gold and Silver Trust) is a stock, while XDG.TO (iShares Core MSCI Global Quality Dividend Index ETF) is Global Equities fund tracking the Morningstar Gbl GR CAD. Over the past 5 years, CEF.TO returned 21.95%/yr vs 11.56%/yr for XDG.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

CEF.TO vs. XDG.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 iShares Core MSCI Global Quality Dividend Index ETF (XDG.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 XDG.TO's 10.15% 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%

XDG.TO

• 1D: 1.00%
• 1M: 3.95%
• YTD: 10.15%
• 6M: 9.58%
• 1Y: 21.38%
• 3Y*: 16.07%
• 5Y*: 11.56%
• 10Y*: —

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

CEF.TO vs. XDG.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%	2.14%
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF	10.15%	13.74%	17.44%	7.06%	1.78%	15.16%	-1.68%	17.32%	0.98%	2.14%

Correlation

The correlation between CEF.TO and XDG.TO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jun 15, 2017	0.04

The correlation between CEF.TO and XDG.TO shifts across timeframes, from 0.04 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

CEF.TO vs. XDG.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

XDG.TO

XDG.TO Risk / Return Rank: 60
XDG.TO Sharpe Ratio Rank: 63
XDG.TO Sortino Ratio Rank: 66
XDG.TO Omega Ratio Rank: 60
XDG.TO Calmar Ratio Rank: 56
XDG.TO Martin Ratio Rank: 57

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. XDG.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 iShares Core MSCI Global Quality Dividend Index ETF (XDG.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	XDG.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.62	2.08	-0.46
Sortino ratio: Return per unit of downside risk	1.93	2.99	-1.06
Omega ratio: Gain probability vs. loss probability	1.31	1.36	-0.05
Calmar ratio: Return relative to maximum drawdown	2.30	2.73	-0.43
Martin ratio: Return relative to average drawdown	5.77	9.74	-3.96
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. XDG.TO - Sharpe Ratio Comparison

The current CEF.TO Sharpe Ratio is 1.62, which is comparable to the XDG.TO Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of CEF.TO and XDG.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	XDG.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	2.08	-0.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	1.10	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.71	-0.57

Drawdowns

CEF.TO vs. XDG.TO - Drawdown Comparison

The maximum CEF.TO drawdown since its inception was -58.68%, which is greater than XDG.TO's maximum drawdown of -27.08%. Use the drawdown chart below to compare losses from any high point for CEF.TO and XDG.TO.

Drawdown Indicators

	CEF.TO	XDG.TO	Difference
Max Drawdown Largest peak-to-trough decline	-58.68%	-27.08%	-31.60%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-7.87%	-17.73%
Max Drawdown (3Y) Largest decline over 3 years	-25.60%	-12.33%	-13.27%
Max Drawdown (5Y) Largest decline over 5 years	-25.60%	-12.33%	-13.27%
Max Drawdown (10Y) Largest decline over 10 years	-29.04%	—	—
Current Drawdown Current decline from peak	-19.38%	-0.98%	-18.40%
Average Drawdown Average peak-to-trough decline	-30.41%	-2.92%	-27.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.20%	2.20%	+8.00%

Volatility

CEF.TO vs. XDG.TO - Volatility Comparison

Sprott Physical Gold and Silver Trust (CEF.TO) has a higher volatility of 10.19% compared to iShares Core MSCI Global Quality Dividend Index ETF (XDG.TO) at 3.17%. This indicates that CEF.TO's price experiences larger fluctuations and is considered to be riskier than XDG.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CEF.TO	XDG.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.19%	3.17%	+7.02%
Volatility (6M) Calculated over the trailing 6-month period	33.87%	8.10%	+25.77%
Volatility (1Y) Calculated over the trailing 1-year period	36.49%	10.35%	+26.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.90%	10.57%	+12.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.33%	13.14%	+8.19%

Dividends

CEF.TO vs. XDG.TO - Dividend Comparison

CEF.TO has not paid dividends to shareholders, while XDG.TO's dividend yield for the trailing twelve months is around 2.79%.

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%
XDG.TO iShares Core MSCI Global Quality Dividend Index ETF	2.79%	2.89%	2.90%	3.13%	3.27%	2.97%	3.27%	3.18%	3.47%	1.67%	0.00%	0.00%

Frequently Asked Questions

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

CEF.TO and XDG.TO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.