CEF vs. MIDSX
Compare and contrast key facts about Sprott Physical Gold and Silver Trust (CEF) and Midas Fund (MIDSX).
CEF is an actively managed fund by Sprott. It was launched on Jan 16, 2018. MIDSX is managed by Midas. It was launched on Jan 7, 1986.
Performance
CEF vs. MIDSX - Performance Comparison
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CEF vs. MIDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEF Sprott Physical Gold and Silver Trust | 4.19% | 92.76% | 24.07% | 6.80% | 1.07% | -8.32% | 31.99% | 16.91% | -6.34% | 18.78% |
MIDSX Midas Fund | 3.72% | 195.76% | 7.27% | -1.79% | -11.11% | -19.23% | 10.64% | 30.56% | -12.90% | 5.98% |
Returns By Period
In the year-to-date period, CEF achieves a 4.19% return, which is significantly higher than MIDSX's 3.72% return. Over the past 10 years, CEF has outperformed MIDSX with an annualized return of 15.03%, while MIDSX has yielded a comparatively lower 13.28% annualized return.
CEF
- 1D
- 5.58%
- 1M
- -15.38%
- YTD
- 4.19%
- 6M
- 30.06%
- 1Y
- 67.97%
- 3Y*
- 36.15%
- 5Y*
- 21.95%
- 10Y*
- 15.03%
MIDSX
- 1D
- -0.28%
- 1M
- -25.21%
- YTD
- 3.72%
- 6M
- 23.13%
- 1Y
- 115.48%
- 3Y*
- 44.09%
- 5Y*
- 22.92%
- 10Y*
- 13.28%
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CEF vs. MIDSX - Expense Ratio Comparison
CEF has a 0.48% expense ratio, which is lower than MIDSX's 4.25% expense ratio.
Return for Risk
CEF vs. MIDSX — Risk / Return Rank
CEF
MIDSX
CEF vs. MIDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold and Silver Trust (CEF) and Midas Fund (MIDSX). 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 | MIDSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 2.65 | -0.82 |
Sortino ratioReturn per unit of downside risk | 2.12 | 2.73 | -0.61 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.42 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.91 | -1.30 |
Martin ratioReturn relative to average drawdown | 9.68 | 14.42 | -4.75 |
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 | MIDSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.65 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.68 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.40 | +0.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.01 | +0.24 |
Correlation
The correlation between CEF and MIDSX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CEF vs. MIDSX - Dividend Comparison
Neither CEF nor MIDSX has paid dividends to shareholders.
| 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% |
MIDSX Midas Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CEF vs. MIDSX - Drawdown Comparison
The maximum CEF drawdown since its inception was -62.29%, smaller than the maximum MIDSX drawdown of -89.77%. Use the drawdown chart below to compare losses from any high point for CEF and MIDSX.
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Drawdown Indicators
| CEF | MIDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.29% | -89.77% | +27.48% |
Max Drawdown (1Y)Largest decline over 1 year | -26.77% | -30.18% | +3.41% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -48.48% | +21.71% |
Max Drawdown (10Y)Largest decline over 10 years | -29.10% | -57.07% | +27.97% |
Current DrawdownCurrent decline from peak | -19.41% | -40.30% | +20.89% |
Average DrawdownAverage peak-to-trough decline | -27.38% | -63.68% | +36.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 8.19% | -0.96% |
Volatility
CEF vs. MIDSX - Volatility Comparison
The current volatility for Sprott Physical Gold and Silver Trust (CEF) is 14.73%, while Midas Fund (MIDSX) has a volatility of 15.85%. This indicates that CEF experiences smaller price fluctuations and is considered to be less risky than MIDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEF | MIDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 15.85% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 35.36% | 36.12% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.38% | 44.35% | -6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.78% | 33.89% | -10.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 33.34% | -11.76% |