CEF vs. XGD.TO
Compare and contrast key facts about Sprott Physical Gold and Silver Trust (CEF) and iShares S&P/TSX Global Gold Index ETF (XGD.TO).
CEF is an actively managed fund by Sprott. It was launched on Jan 16, 2018. XGD.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Gbl Gold GR CAD. It was launched on Mar 23, 2001.
Performance
CEF vs. XGD.TO - Performance Comparison
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CEF vs. XGD.TO - 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% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 9.57% | 156.16% | 10.18% | 6.28% | -9.58% | -5.11% | 23.53% | 47.18% | -11.55% | 7.93% |
Different Trading Currencies
CEF is traded in USD, while XGD.TO is traded in CAD. To make them comparable, the XGD.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CEF achieves a 4.19% return, which is significantly higher than XGD.TO's 2.67% return. Over the past 10 years, CEF has underperformed XGD.TO with an annualized return of 15.03%, while XGD.TO has yielded a comparatively higher 16.69% 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%
XGD.TO
- 1D
- 0.00%
- 1M
- -24.44%
- YTD
- 2.67%
- 6M
- 16.26%
- 1Y
- 92.85%
- 3Y*
- 40.31%
- 5Y*
- 22.52%
- 10Y*
- 16.69%
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CEF vs. XGD.TO - Expense Ratio Comparison
CEF has a 0.48% expense ratio, which is lower than XGD.TO's 0.61% expense ratio.
Return for Risk
CEF vs. XGD.TO — Risk / Return Rank
CEF
XGD.TO
CEF vs. XGD.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold and Silver Trust (CEF) and iShares S&P/TSX Global Gold Index ETF (XGD.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 | XGD.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 2.10 | -0.27 |
Sortino ratioReturn per unit of downside risk | 2.12 | 2.36 | -0.24 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.22 | -0.61 |
Martin ratioReturn relative to average drawdown | 9.68 | 11.63 | -1.95 |
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 | XGD.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.10 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.66 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.47 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.17 | +0.05 |
Correlation
The correlation between CEF and XGD.TO is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CEF vs. XGD.TO - Dividend Comparison
CEF has not paid dividends to shareholders, while XGD.TO's dividend yield for the trailing twelve months is around 0.56%.
| 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% |
XGD.TO iShares S&P/TSX Global Gold Index ETF | 0.56% | 0.62% | 0.93% | 1.49% | 1.80% | 1.38% | 0.35% | 0.54% | 0.25% | 0.14% | 0.09% | 0.57% |
Drawdowns
CEF vs. XGD.TO - Drawdown Comparison
The maximum CEF drawdown since its inception was -62.29%, smaller than the maximum XGD.TO drawdown of -80.23%. Use the drawdown chart below to compare losses from any high point for CEF and XGD.TO.
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Drawdown Indicators
| CEF | XGD.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.29% | -72.55% | +10.26% |
Max Drawdown (1Y)Largest decline over 1 year | -26.77% | -28.95% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -40.82% | +14.05% |
Max Drawdown (10Y)Largest decline over 10 years | -29.10% | -46.96% | +17.86% |
Current DrawdownCurrent decline from peak | -19.41% | -17.83% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -27.38% | -28.37% | +0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.23% | 7.93% | -0.70% |
Volatility
CEF vs. XGD.TO - Volatility Comparison
Sprott Physical Gold and Silver Trust (CEF) and iShares S&P/TSX Global Gold Index ETF (XGD.TO) have volatilities of 14.73% and 15.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEF | XGD.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.73% | 15.49% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 35.36% | 36.07% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.38% | 44.47% | -7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.78% | 34.30% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.58% | 35.45% | -13.87% |