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GPZ vs. CEF
Performance
Return for Risk
Dividends
Drawdowns
Volatility

GPZ vs. CEF

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck ETF Trust (GPZ) and Sprott Physical Gold and Silver Trust (CEF).

GPZ is a passively managed fund by VanEck that tracks the performance of the MarketVector Alternative Asset Managers Index. It was launched on Jun 4, 2025. CEF is an actively managed fund by Sprott. It was launched on Jan 16, 2018.

Performance

GPZ vs. CEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck ETF Trust (GPZ) and Sprott Physical Gold and Silver Trust (CEF). The values are adjusted to include any dividend payments, if applicable.

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GPZ vs. CEF - Yearly Performance Comparison

2026 (YTD)2025
GPZ
VanEck ETF Trust		-20.90%9.43%
CEF
Sprott Physical Gold and Silver Trust		4.19%51.71%

Returns By Period

In the year-to-date period, GPZ achieves a -20.90% return, which is significantly lower than CEF's 4.19% return.

GPZ

1D
2.65%
1M
-2.74%
YTD
-20.90%
6M
-21.63%
1Y
—
3Y*
—
5Y*
—
10Y*
—

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

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VanEck ETF Trust

Sprott Physical Gold and Silver Trust

Often compared with GPZ:
GPZ vs. RAAXGPZ vs. PSPGPZ vs. GDLCGPZ vs. REMXGPZ vs. GDXJGPZ vs. IPRV.LGPZ vs. QQQM
Often compared with CEF:
CEF vs. GLTRCEF vs. SMHCEF vs. PSLVCEF vs. PICKCEF vs. SILJCEF vs. SLVCEF vs. TYG

GPZ vs. CEF - Expense Ratio Comparison

GPZ has a 0.40% expense ratio, which is lower than CEF's 0.48% expense ratio.

CEF
Sprott Physical Gold and Silver Trust
GPZ
VanEck ETF Trust

Return for Risk

GPZ vs. CEF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GPZ
CEF
CEF Risk / Return Rank: 8787
Overall Rank
CEF Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
CEF Sortino Ratio Rank: 8383
Sortino Ratio Rank
CEF Omega Ratio Rank: 8484
Omega Ratio Rank
CEF Calmar Ratio Rank: 9191
Calmar Ratio Rank
CEF Martin Ratio Rank: 8989
Martin Ratio Rank
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.

GPZ vs. CEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck ETF Trust (GPZ) and Sprott Physical Gold and Silver Trust (CEF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GPZ vs. CEF - Sharpe Ratio Comparison

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Sharpe Ratios by Period

GPZCEFDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

1.83

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.93

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.70

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.61

0.23

-0.84

Correlation

The correlation between GPZ and CEF is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

GPZ vs. CEF - Dividend Comparison

GPZ's dividend yield for the trailing twelve months is around 1.05%, while CEF has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
GPZ
VanEck ETF Trust		1.05%0.83%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

Drawdowns

GPZ vs. CEF - Drawdown Comparison

The maximum GPZ drawdown since its inception was -31.72%, smaller than the maximum CEF drawdown of -62.29%. Use the drawdown chart below to compare losses from any high point for GPZ and CEF.

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Drawdown Indicators

GPZCEFDifference

Max Drawdown

Largest peak-to-trough decline

-31.72%

-62.29%

+30.57%

Max Drawdown (1Y)

Largest decline over 1 year

—

-26.77%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-26.77%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-29.10%

—

Current Drawdown

Current decline from peak

-27.34%

-19.41%

-7.93%

Average Drawdown

Average peak-to-trough decline

-9.54%

-27.38%

+17.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

7.23%

—

Volatility

GPZ vs. CEF - Volatility Comparison

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Volatility by Period

GPZCEFDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

14.73%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

35.36%

—

Volatility (1Y)

Calculated over the trailing 1-year period

26.76%

37.38%

-10.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.76%

23.78%

+2.98%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.76%

21.58%

+5.18%