MNT.TO vs. PHYS
MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) is Gold fund, while PHYS (Sprott Physical Gold Trust) is a stock. Over the past 10 years, MNT.TO returned 12.39%/yr vs 12.02%/yr for PHYS. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
MNT.TO vs. PHYS - Performance Comparison
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Different Trading Currencies
MNT.TO is traded in CAD, while PHYS is traded in USD. To make them comparable, the PHYS values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, MNT.TO achieves a -6.93% return, which is significantly lower than PHYS's -3.08% return. Both investments have delivered pretty close results over the past 10 years, with MNT.TO having a 12.39% annualized return and PHYS not far behind at 12.02%.
MNT.TO
- 1D
- -1.48%
- 1M
- -6.99%
- YTD
- -6.93%
- 6M
- -10.28%
- 1Y
- 18.65%
- 3Y*
- 31.47%
- 5Y*
- 21.45%
- 10Y*
- 12.39%
PHYS
- 1D
- -2.12%
- 1M
- -6.73%
- YTD
- -3.08%
- 6M
- -7.52%
- 1Y
- 23.11%
- 3Y*
- 31.03%
- 5Y*
- 20.33%
- 10Y*
- 12.02%
MNT.TO vs. PHYS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | -6.93% | 61.23% | 44.81% | 3.61% | 10.52% | -10.51% | 26.14% | 13.47% | 5.87% | 5.52% |
PHYS Sprott Physical Gold Trust | -3.13% | 56.47% | 37.13% | 10.29% | 4.41% | -4.88% | 20.95% | 13.27% | 5.54% | 5.14% |
Correlation
The correlation between MNT.TO and PHYS is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2012 | 0.61 |
The correlation between MNT.TO and PHYS shifts across timeframes, from 0.58 (10 years) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MNT.TO vs. PHYS — Risk / Return Rank
MNT.TO
PHYS
MNT.TO vs. PHYS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and Sprott Physical Gold Trust (PHYS). 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.
| MNT.TO | PHYS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 1.02 | -0.36 |
| Martin ratioReturn relative to average drawdown | 1.69 | 2.71 | -1.02 |
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Drawdowns
MNT.TO vs. PHYS - Drawdown Comparison
The maximum MNT.TO drawdown since its inception was -34.79%, smaller than the maximum PHYS drawdown of -36.85%. Use the drawdown chart below to compare losses from any high point for MNT.TO and PHYS.
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Drawdown Indicators
| MNT.TO | PHYS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -36.85% | +2.06% |
Max Drawdown (1Y)Largest decline over 1 year | -28.55% | -22.79% | -5.76% |
Max Drawdown (3Y)Largest decline over 3 years | -28.55% | -22.79% | -5.76% |
Max Drawdown (5Y)Largest decline over 5 years | -28.55% | -22.79% | -5.76% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -23.35% | -10.23% |
Current DrawdownCurrent decline from peak | -25.83% | -21.22% | -4.61% |
Average DrawdownAverage peak-to-trough decline | -15.87% | -13.91% | -1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.06% | 8.57% | +2.49% |
Volatility
MNT.TO vs. PHYS - Volatility Comparison
Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and Sprott Physical Gold Trust (PHYS) have volatilities of 8.23% and 8.20%, 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
| MNT.TO | PHYS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 8.20% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 26.05% | 24.95% | +1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.85% | 28.29% | +2.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.47% | 19.41% | +1.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.60% | 17.55% | +2.05% |
Dividends
MNT.TO vs. PHYS - Dividend Comparison
Neither MNT.TO nor PHYS has paid dividends to shareholders.
Frequently Asked Questions
MNT.TO and PHYS have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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