CEF vs. SPXX
Compare and contrast key facts about Sprott Physical Gold and Silver Trust (CEF) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX).
CEF is an actively managed fund by Sprott. It was launched on Jan 16, 2018. SPXX is an actively managed fund by Nuveen. It was launched on Nov 23, 2005.
Performance
CEF vs. SPXX - Performance Comparison
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CEF vs. SPXX - 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% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | -9.14% | 9.78% | 27.10% | 0.85% | -6.92% | 29.03% | -0.37% | 25.36% | -13.42% | 27.92% |
Returns By Period
In the year-to-date period, CEF achieves a 4.19% return, which is significantly higher than SPXX's -9.14% return. Over the past 10 years, CEF has outperformed SPXX with an annualized return of 15.03%, while SPXX has yielded a comparatively lower 9.09% 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%
SPXX
- 1D
- 1.52%
- 1M
- -7.65%
- YTD
- -9.14%
- 6M
- -4.47%
- 1Y
- 2.68%
- 3Y*
- 9.06%
- 5Y*
- 6.83%
- 10Y*
- 9.09%
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CEF vs. SPXX - Expense Ratio Comparison
CEF has a 0.48% expense ratio, which is lower than SPXX's 0.89% expense ratio.
Return for Risk
CEF vs. SPXX — Risk / Return Rank
CEF
SPXX
CEF vs. SPXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold and Silver Trust (CEF) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX). 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 | SPXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 0.15 | +1.68 |
Sortino ratioReturn per unit of downside risk | 2.12 | 0.35 | +1.77 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.05 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 0.20 | +2.42 |
Martin ratioReturn relative to average drawdown | 9.68 | 0.69 | +8.99 |
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 | SPXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 0.15 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.43 | +0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.50 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.36 | -0.13 |
Correlation
The correlation between CEF and SPXX is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CEF vs. SPXX - Dividend Comparison
CEF has not paid dividends to shareholders, while SPXX's dividend yield for the trailing twelve months is around 8.40%.
| 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% |
SPXX Nuveen S&P 500 Dynamic Overwrite Fund | 8.40% | 7.48% | 6.87% | 7.82% | 7.30% | 5.27% | 6.56% | 6.44% | 7.98% | 5.69% | 5.14% | 7.75% |
Drawdowns
CEF vs. SPXX - Drawdown Comparison
The maximum CEF drawdown since its inception was -62.29%, which is greater than SPXX's maximum drawdown of -52.39%. Use the drawdown chart below to compare losses from any high point for CEF and SPXX.
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Drawdown Indicators
| CEF | SPXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.29% | -52.39% | -9.90% |
Max Drawdown (1Y)Largest decline over 1 year | -26.77% | -13.00% | -13.77% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -18.09% | -8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -29.10% | -43.99% | +14.89% |
Current DrawdownCurrent decline from peak | -19.41% | -10.52% | -8.89% |
Average DrawdownAverage peak-to-trough decline | -27.38% | -7.51% | -19.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 3.70% | +3.53% |
Volatility
CEF vs. SPXX - Volatility Comparison
Sprott Physical Gold and Silver Trust (CEF) has a higher volatility of 14.73% compared to Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) at 4.63%. This indicates that CEF's price experiences larger fluctuations and is considered to be riskier than SPXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEF | SPXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 4.63% | +10.10% |
Volatility (6M)Calculated over the trailing 6-month period | 35.36% | 9.36% | +26.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.38% | 17.91% | +19.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.78% | 15.79% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 18.39% | +3.19% |