GBUG vs. GLTR

Last updated Jun 24, 2026

GBUG (Sprott Active Gold & Silver Miners ETF) and GLTR (abrdn Physical Precious Metals Basket Shares ETF) are both exchange-traded funds - GBUG is a Gold fund actively managed by Sprott, while GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index. GBUG is actively managed, while GLTR is passively managed. Over the past year, GBUG returned 54.84% vs 33.31% for GLTR. Their correlation of 0.81 suggests significant overlap in exposure. GBUG charges 0.89%/yr vs 0.60%/yr for GLTR.

Performance

GBUG vs. GLTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Gold & Silver Miners ETF (GBUG) and abrdn Physical Precious Metals Basket Shares ETF (GLTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBUG achieves a -9.70% return, which is significantly lower than GLTR's -9.21% return.

GBUG

• 1D: -4.85%
• 1M: -7.18%
• YTD: -9.70%
• 6M: -13.65%
• 1Y: 54.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLTR

• 1D: -3.07%
• 1M: -12.32%
• YTD: -9.21%
• 6M: -12.60%
• 1Y: 33.31%
• 3Y*: 29.08%
• 5Y*: 14.31%
• 10Y*: 11.27%

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

GBUG vs. GLTR - Yearly Performance Comparison

	2026 (YTD)	2025
GBUG Sprott Active Gold & Silver Miners ETF	-9.70%	122.37%
GLTR abrdn Physical Precious Metals Basket Shares ETF	-9.21%	67.34%

Correlation

The correlation between GBUG and GLTR is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.81

The correlation between GBUG and GLTR has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

Return for Risk

GBUG vs. GLTR — Risk / Return Rank

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

GBUG

GBUG Risk / Return Rank: 31
GBUG Sharpe Ratio Rank: 32
GBUG Sortino Ratio Rank: 30
GBUG Omega Ratio Rank: 33
GBUG Calmar Ratio Rank: 31
GBUG Martin Ratio Rank: 29

GLTR

GLTR Risk / Return Rank: 24
GLTR Sharpe Ratio Rank: 25
GLTR Sortino Ratio Rank: 23
GLTR Omega Ratio Rank: 29
GLTR Calmar Ratio Rank: 22
GLTR Martin Ratio Rank: 20

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.

GBUG vs. GLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Gold & Silver Miners ETF (GBUG) and abrdn Physical Precious Metals Basket Shares ETF (GLTR). 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.

	GBUG	GLTR	Difference
Sharpe ratio: Return per unit of total volatility	1.10	0.86	+0.23
Sortino ratio: Return per unit of downside risk	1.54	1.22	+0.32
Omega ratio: Gain probability vs. loss probability	1.21	1.19	+0.02
Calmar ratio: Return relative to maximum drawdown	1.49	0.97	+0.53
Martin ratio: Return relative to average drawdown	3.92	2.27	+1.64

GBUG vs. GLTR - Sharpe Ratio Comparison

The current GBUG Sharpe Ratio is 1.10, which is comparable to the GLTR Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of GBUG and GLTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GBUG vs. GLTR - Drawdown Comparison

The maximum GBUG drawdown since its inception was -36.90%, smaller than the maximum GLTR drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for GBUG and GLTR.

Drawdown Indicators

	GBUG	GLTR	Difference
Max Drawdown Largest peak-to-trough decline	-36.90%	-55.70%	+18.80%
Max Drawdown (1Y) Largest decline over 1 year	-36.90%	-34.55%	-2.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.55%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.55%	—
Current Drawdown Current decline from peak	-32.19%	-34.55%	+2.36%
Average Drawdown Average peak-to-trough decline	-8.47%	-28.83%	+20.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.05%	14.68%	-0.63%

Volatility

GBUG vs. GLTR - Volatility Comparison

Sprott Active Gold & Silver Miners ETF (GBUG) has a higher volatility of 19.27% compared to abrdn Physical Precious Metals Basket Shares ETF (GLTR) at 10.06%. This indicates that GBUG's price experiences larger fluctuations and is considered to be riskier than GLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBUG	GLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.27%	10.06%	+9.21%
Volatility (6M) Calculated over the trailing 6-month period	42.41%	36.51%	+5.90%
Volatility (1Y) Calculated over the trailing 1-year period	50.26%	38.78%	+11.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.59%	23.90%	+24.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.59%	20.68%	+27.91%

GBUG vs. GLTR - Expense Ratio Comparison

GBUG has a 0.89% expense ratio, which is higher than GLTR's 0.60% expense ratio.

Dividends

GBUG vs. GLTR - Dividend Comparison

GBUG's dividend yield for the trailing twelve months is around 1.72%, while GLTR has not paid dividends to shareholders.

Position	TTM	2025
GBUG Sprott Active Gold & Silver Miners ETF	1.72%	1.56%
GLTR abrdn Physical Precious Metals Basket Shares ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both GBUG and GLTR in my portfolio?

GBUG and GLTR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GBUG or GLTR?

GBUG has higher volatility (19.27%) compared to GLTR (10.06%). In terms of maximum drawdown, GBUG dropped -36.90% vs GLTR's -55.70%.

Which ETF is better, GBUG or GLTR?

On 1-year performance, GBUG leads with 54.84% vs 33.31% for GLTR. On fees, GLTR is cheaper at 0.60% per year. On volatility, GLTR has been the lower-risk option at 10.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GBUG or GLTR?

Over the 1-year period, GBUG has performed better with a 54.84% return vs 33.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GBUG or GLTR?

GLTR is cheaper with a 0.60% expense ratio, compared with 0.89% for GBUG.

Which ETF pays a higher dividend yield, GBUG or GLTR?

GBUG has the higher dividend yield at 1.72%, compared with 0.00% for GLTR.

What is the main difference between GBUG and GLTR?

GBUG is categorized as Gold, while GLTR is Precious Metals. They also come from different issuers: Sprott and abrdn. Their fees differ too: 0.89% for GBUG and 0.60% for GLTR.

Which has better risk-adjusted returns?

GBUG currently has the higher Sharpe Ratio (1.10 vs 0.86), 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.