CEF vs. GDLC
CEF (Sprott Physical Gold and Silver Trust) and GDLC (Grayscale CoinDesk Crypto 5 ETF) are both funds - CEF is a Gold fund actively managed by Sprott, while GDLC is a Cryptocurrency fund tracking the CoinDesk 5 Index. CEF is actively managed, while GDLC is passively managed. Over the past 5 years, CEF returned 16.52%/yr vs -3.08%/yr for GDLC. Their 0.21 correlation means their historical movements had little consistent relationship. CEF charges 0.48%/yr vs 0.59%/yr for GDLC.
Performance
CEF vs. GDLC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEF achieves a -12.40% return, which is significantly higher than GDLC's -30.16% return.
CEF
- 1D
- 0.27%
- 1M
- -2.93%
- 6M
- -16.42%
- YTD
- -12.40%
- 1Y
- 30.81%
- 3Y*
- 30.03%
- 5Y*
- 16.52%
- 10Y*
- 10.97%
- ALL TIME*
- 5.77%
GDLC
- 1D
- 1.26%
- 1M
- 4.19%
- 6M
- -19.67%
- YTD
- -30.16%
- 1Y
- -42.29%
- 3Y*
- 49.03%
- 5Y*
- -3.08%
- 10Y*
- —
- ALL TIME*
- 20.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.04M | $23.77M | $29.26M | |
| $1.36M | $1.40M | $1.44M |
CEF vs. GDLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CEF Sprott Physical Gold and Silver Trust | -12.40% | 92.76% | 24.07% | 6.80% | 1.07% | -8.32% | 31.99% | 4.19% |
GDLC Grayscale CoinDesk Crypto 5 ETF | -30.16% | 0.45% | 136.98% | 353.26% | -84.21% | 27.43% | 233.86% | -29.63% |
Correlation
The correlation between CEF and GDLC is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 22, 2019 | 0.21 |
The correlation between CEF and GDLC shifts across timeframes, from 0.18 (3 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CEF vs. GDLC — Risk / Return Rank
CEF
GDLC
CEF vs. GDLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold and Silver Trust (CEF) and Grayscale CoinDesk Crypto 5 ETF (GDLC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEF | GDLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.87 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | -0.74 | +1.65 |
| Martin ratioReturn relative to average drawdown | 1.92 | -1.12 | +3.04 |
Loading charts...
Drawdowns
CEF vs. GDLC - Drawdown Comparison
The maximum CEF drawdown since its inception was -62.29%, smaller than the maximum GDLC drawdown of -94.14%. Use the drawdown chart below to compare losses from any high point for CEF and GDLC.
Loading charts...
Drawdown Indicators
| CEF | GDLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.29% | -94.14% | +31.85% |
Max Drawdown (1Y)Largest decline over 1 year | -34.12% | -57.18% | +23.06% |
Max Drawdown (3Y)Largest decline over 3 years | -34.12% | -57.18% | +23.06% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -94.14% | +60.02% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -32.24% | -55.07% | +22.83% |
Average DrawdownAverage peak-to-trough decline | -27.35% | -52.83% | +25.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.07% | 37.88% | -21.81% |
Volatility
CEF vs. GDLC - Volatility Comparison
The current volatility for Sprott Physical Gold and Silver Trust (CEF) is 8.21%, while Grayscale CoinDesk Crypto 5 ETF (GDLC) has a volatility of 9.27%. This indicates that CEF experiences smaller price fluctuations and is considered to be less risky than GDLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CEF | GDLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 9.27% | -1.06% |
Volatility (6M)Calculated over the trailing 6-month period | 30.51% | 35.61% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.18% | 49.03% | -8.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.96% | 71.69% | -46.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 93.49% | -71.43% |
CEF vs. GDLC - Expense Ratio Comparison
CEF has a 0.48% expense ratio, which is lower than GDLC's 0.59% expense ratio.
Dividends
CEF vs. GDLC - Dividend Comparison
Neither CEF nor GDLC has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEF Sprott Physical Gold and Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.08% | 0.07% | 0.09% | 0.10% |
GDLC Grayscale CoinDesk Crypto 5 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEF and GDLC have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDLC has higher volatility (9.27%) compared to CEF (8.21%). In terms of maximum drawdown, CEF dropped -62.29% vs GDLC's -94.14%.
CEF currently has the higher Sharpe Ratio (0.77 vs -0.87), 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.
Find the right allocation for CEF and GDLC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer