MNS.TO vs. ZJG.TO
MNS.TO (Royal Canadian Mint - Canadian Silver Reserves) and ZJG.TO (BMO Junior Gold Index ETF) are both exchange-traded funds - MNS.TO is a Silver fund tracking the N/A (Physical Bullion), while ZJG.TO is a Precious Metals fund tracking the Dow Jones North America Select Junior Gold Index. Both are passively managed. Over the past 10 years, MNS.TO returned 16.17%/yr vs 15.97%/yr for ZJG.TO. A 0.50 correlation means they provide meaningful diversification when combined. MNS.TO charges 0.45%/yr vs 0.61%/yr for ZJG.TO.
Performance
MNS.TO vs. ZJG.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MNS.TO achieves a -8.40% return, which is significantly lower than ZJG.TO's 1.53% return. Both investments have delivered pretty close results over the past 10 years, with MNS.TO having a 16.17% annualized return and ZJG.TO not far behind at 15.97%.
MNS.TO
- 1D
- -2.02%
- 1M
- 1.76%
- YTD
- -8.40%
- 6M
- 21.27%
- 1Y
- 101.71%
- 3Y*
- 47.34%
- 5Y*
- 23.26%
- 10Y*
- 16.17%
ZJG.TO
- 1D
- -3.57%
- 1M
- 0.56%
- YTD
- 1.53%
- 6M
- 8.52%
- 1Y
- 71.02%
- 3Y*
- 50.57%
- 5Y*
- 26.99%
- 10Y*
- 15.97%
MNS.TO vs. ZJG.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | -8.40% | 161.12% | 41.73% | -5.85% | 5.27% | -15.46% | 45.70% | 9.85% | -1.65% | -1.63% |
ZJG.TO BMO Junior Gold Index ETF | 1.53% | 154.66% | 36.44% | 6.11% | -0.89% | -16.72% | 24.40% | 42.01% | -18.76% | 11.85% |
Correlation
The correlation between MNS.TO and ZJG.TO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2012 | 0.50 |
The correlation between MNS.TO and ZJG.TO shifts across timeframes, from 0.50 (all time) to 0.64 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MNS.TO vs. ZJG.TO — Risk / Return Rank
MNS.TO
ZJG.TO
MNS.TO vs. ZJG.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) and BMO Junior Gold Index ETF (ZJG.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.
| MNS.TO | ZJG.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.28 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 2.23 | +0.44 |
| Martin ratioReturn relative to average drawdown | 5.94 | 5.52 | +0.42 |
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
| MNS.TO | ZJG.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.89 | 1.54 | +0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.72 | 0.75 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.42 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.17 | +0.11 |
Drawdowns
MNS.TO vs. ZJG.TO - Drawdown Comparison
The maximum MNS.TO drawdown since its inception was -51.12%, smaller than the maximum ZJG.TO drawdown of -81.59%. Use the drawdown chart below to compare losses from any high point for MNS.TO and ZJG.TO.
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Drawdown Indicators
| MNS.TO | ZJG.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.12% | -81.59% | +30.47% |
Max Drawdown (1Y)Largest decline over 1 year | -38.31% | -32.02% | -6.29% |
Max Drawdown (3Y)Largest decline over 3 years | -38.31% | -32.02% | -6.29% |
Max Drawdown (5Y)Largest decline over 5 years | -38.31% | -41.63% | +3.32% |
Max Drawdown (10Y)Largest decline over 10 years | -42.02% | -48.58% | +6.56% |
Current DrawdownCurrent decline from peak | -31.98% | -28.35% | -3.63% |
Average DrawdownAverage peak-to-trough decline | -28.15% | -49.08% | +20.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.19% | 12.91% | +4.28% |
Volatility
MNS.TO vs. ZJG.TO - Volatility Comparison
Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) and BMO Junior Gold Index ETF (ZJG.TO) have volatilities of 15.55% and 15.90%, 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
| MNS.TO | ZJG.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.55% | 15.90% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 52.13% | 37.93% | +14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.03% | 46.25% | +7.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.67% | 36.27% | -1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.05% | 38.00% | -5.95% |
MNS.TO vs. ZJG.TO - Expense Ratio Comparison
MNS.TO has a 0.45% expense ratio, which is lower than ZJG.TO's 0.61% expense ratio.
Dividends
MNS.TO vs. ZJG.TO - Dividend Comparison
MNS.TO has not paid dividends to shareholders, while ZJG.TO's dividend yield for the trailing twelve months is around 0.12%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZJG.TO BMO Junior Gold Index ETF | 0.12% | 0.12% | 0.68% | 0.90% | 0.83% | 0.36% |
Frequently Asked Questions
MNS.TO and ZJG.TO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MNS.TO is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MNS.TO is cheaper with a 0.45% expense ratio, compared with 0.61% for ZJG.TO.
MNS.TO is categorized as Silver, while ZJG.TO is Precious Metals. MNS.TO tracks N/A (Physical Bullion), while ZJG.TO tracks Dow Jones North America Select Junior Gold Index. They also come from different issuers: Royal Canadian Mint and BMO. Their fees differ too: 0.45% for MNS.TO and 0.61% for ZJG.TO.
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