ELEF.TO vs. UGOFX

Last updated Jun 4, 2026

ELEF.TO (Silver Elephant Mining Corp.) is a stock, while UGOFX (USAA Global Managed Volatility Fund) is Global Equities fund managed by BlackRock. Over the past 10 years, ELEF.TO returned -17.59%/yr vs 11.50%/yr for UGOFX. At a 0.04 correlation, their price movements are largely independent.

Performance

ELEF.TO vs. UGOFX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Silver Elephant Mining Corp. (ELEF.TO) and USAA Global Managed Volatility Fund (UGOFX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ELEF.TO is traded in CAD, while UGOFX is traded in USD. To make them comparable, the UGOFX values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ELEF.TO achieves a -60.61% return, which is significantly lower than UGOFX's 14.90% return. Over the past 10 years, ELEF.TO has underperformed UGOFX with an annualized return of -17.59%, while UGOFX has yielded a comparatively higher 11.50% annualized return.

ELEF.TO

• 1D: -7.14%
• 1M: -27.78%
• YTD: -60.61%
• 6M: -59.38%
• 1Y: -35.00%
• 3Y*: -29.44%
• 5Y*: -38.01%
• 10Y*: -17.59%

UGOFX

• 1D: 0.81%
• 1M: 7.86%
• YTD: 14.90%
• 6M: 13.66%
• 1Y: 25.80%
• 3Y*: 19.66%
• 5Y*: 13.71%
• 10Y*: 11.50%

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

ELEF.TO vs. UGOFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ELEF.TO Silver Elephant Mining Corp.	-60.61%	73.68%	-45.71%	-11.39%	-67.54%	-44.91%	25.65%	44.45%	-38.22%	-12.60%
UGOFX USAA Global Managed Volatility Fund	14.90%	11.37%	23.08%	17.17%	-9.67%	20.13%	4.64%	15.97%	-0.89%	13.53%

Correlation

The correlation between ELEF.TO and UGOFX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jun 23, 2009	0.04

Return for Risk

ELEF.TO vs. UGOFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ELEF.TO

ELEF.TO Risk / Return Rank: 27
ELEF.TO Sharpe Ratio Rank: 27
ELEF.TO Sortino Ratio Rank: 33
ELEF.TO Omega Ratio Rank: 32
ELEF.TO Calmar Ratio Rank: 23
ELEF.TO Martin Ratio Rank: 21

UGOFX

UGOFX Risk / Return Rank: 59
UGOFX Sharpe Ratio Rank: 54
UGOFX Sortino Ratio Rank: 53
UGOFX Omega Ratio Rank: 52
UGOFX Calmar Ratio Rank: 66
UGOFX Martin Ratio Rank: 70

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.

ELEF.TO vs. UGOFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Silver Elephant Mining Corp. (ELEF.TO) and USAA Global Managed Volatility Fund (UGOFX). 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.

	ELEF.TO	UGOFX	Difference
Sharpe ratio: Return per unit of total volatility	-0.35	2.37	-2.72
Sortino ratio: Return per unit of downside risk	0.09	3.33	-3.24
Omega ratio: Gain probability vs. loss probability	1.01	1.46	-0.45
Calmar ratio: Return relative to maximum drawdown	-0.53	3.73	-4.26
Martin ratio: Return relative to average drawdown	-1.00	15.53	-16.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ELEF.TO vs. UGOFX - Sharpe Ratio Comparison

The current ELEF.TO Sharpe Ratio is -0.35, which is lower than the UGOFX Sharpe Ratio of 2.37. The chart below compares the historical Sharpe Ratios of ELEF.TO and UGOFX, 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

	ELEF.TO	UGOFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.35	2.37	-2.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.36	0.75	-1.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.16	0.70	-0.86
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	0.68	-0.83

Drawdowns

ELEF.TO vs. UGOFX - Drawdown Comparison

The maximum ELEF.TO drawdown since its inception was -99.83%, which is greater than UGOFX's maximum drawdown of -34.35%. Use the drawdown chart below to compare losses from any high point for ELEF.TO and UGOFX.

Drawdown Indicators

	ELEF.TO	UGOFX	Difference
Max Drawdown Largest peak-to-trough decline	-99.83%	-34.35%	-65.48%
Max Drawdown (1Y) Largest decline over 1 year	-66.67%	-7.02%	-59.65%
Max Drawdown (3Y) Largest decline over 3 years	-81.94%	-14.67%	-67.27%
Max Drawdown (5Y) Largest decline over 5 years	-95.41%	-34.35%	-61.06%
Max Drawdown (10Y) Largest decline over 10 years	-95.99%	-34.35%	-61.64%
Current Drawdown Current decline from peak	-99.83%	0.00%	-99.83%
Average Drawdown Average peak-to-trough decline	-81.80%	-5.44%	-76.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.01%	1.68%	+33.33%

Volatility

ELEF.TO vs. UGOFX - Volatility Comparison

Silver Elephant Mining Corp. (ELEF.TO) has a higher volatility of 25.31% compared to USAA Global Managed Volatility Fund (UGOFX) at 3.50%. This indicates that ELEF.TO's price experiences larger fluctuations and is considered to be riskier than UGOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ELEF.TO	UGOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.31%	3.50%	+21.81%
Volatility (6M) Calculated over the trailing 6-month period	57.69%	9.02%	+48.67%
Volatility (1Y) Calculated over the trailing 1-year period	101.62%	11.05%	+90.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	108.10%	18.41%	+89.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	110.13%	16.56%	+93.57%

Dividends

ELEF.TO vs. UGOFX - Dividend Comparison

ELEF.TO has not paid dividends to shareholders, while UGOFX's dividend yield for the trailing twelve months is around 17.77%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ELEF.TO Silver Elephant Mining Corp.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UGOFX USAA Global Managed Volatility Fund	17.77%	20.24%	3.46%	1.77%	8.60%	24.98%	4.13%	4.16%	4.48%	1.99%	1.44%	1.05%

Frequently Asked Questions

Can I hold both ELEF.TO and UGOFX in my portfolio?

ELEF.TO and UGOFX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.