MNT.TO vs. SVR.TO
MNT.TO (Royal Canadian Mint - Canadian Gold Reserves) and SVR.TO (iShares Silver Bullion ETF) are both exchange-traded funds - MNT.TO is a Gold fund, while SVR.TO is a Silver fund tracking the LBMA Silver Price. Over the past 10 years, MNT.TO returned 13.12%/yr vs 12.73%/yr for SVR.TO. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
MNT.TO vs. SVR.TO - Performance Comparison
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Returns By Period
In the year-to-date period, MNT.TO achieves a -3.11% return, which is significantly lower than SVR.TO's -2.28% return. Both investments have delivered pretty close results over the past 10 years, with MNT.TO having a 13.12% annualized return and SVR.TO not far behind at 12.73%.
MNT.TO
- 1D
- 2.93%
- 1M
- -4.56%
- YTD
- -3.11%
- 6M
- -5.52%
- 1Y
- 21.36%
- 3Y*
- 33.28%
- 5Y*
- 21.68%
- 10Y*
- 13.12%
SVR.TO
- 1D
- 3.80%
- 1M
- -8.22%
- YTD
- -2.28%
- 6M
- 8.04%
- 1Y
- 87.16%
- 3Y*
- 39.91%
- 5Y*
- 18.39%
- 10Y*
- 12.73%
MNT.TO vs. SVR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MNT.TO Royal Canadian Mint - Canadian Gold Reserves | -3.11% | 61.23% | 44.81% | 3.61% | 10.52% | -10.51% | 26.14% | 13.47% | 5.87% | 5.52% |
SVR.TO iShares Silver Bullion ETF | -2.28% | 140.56% | 18.71% | -0.94% | 0.09% | -13.03% | 42.96% | 12.77% | -9.50% | 4.40% |
Correlation
The correlation between MNT.TO and SVR.TO is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2012 | 0.50 |
The correlation between MNT.TO and SVR.TO shifts across timeframes, from 0.48 (10 years) to 0.63 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MNT.TO vs. SVR.TO — Risk / Return Rank
MNT.TO
SVR.TO
MNT.TO vs. SVR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) and iShares Silver Bullion ETF (SVR.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.
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 | SVR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.92 | -1.17 |
| Martin ratioReturn relative to average drawdown | 2.06 | 4.12 | -2.06 |
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Drawdowns
MNT.TO vs. SVR.TO - Drawdown Comparison
The maximum MNT.TO drawdown since its inception was -34.79%, smaller than the maximum SVR.TO drawdown of -77.85%. Use the drawdown chart below to compare losses from any high point for MNT.TO and SVR.TO.
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Drawdown Indicators
| MNT.TO | SVR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.79% | -77.85% | +43.06% |
Max Drawdown (1Y)Largest decline over 1 year | -28.55% | -45.65% | +17.10% |
Max Drawdown (3Y)Largest decline over 3 years | -28.55% | -45.65% | +17.10% |
Max Drawdown (5Y)Largest decline over 5 years | -28.55% | -45.65% | +17.10% |
Max Drawdown (10Y)Largest decline over 10 years | -33.58% | -45.65% | +12.07% |
Current DrawdownCurrent decline from peak | -22.78% | -40.13% | +17.35% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -51.38% | +35.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.42% | 21.22% | -10.80% |
Volatility
MNT.TO vs. SVR.TO - Volatility Comparison
The current volatility for Royal Canadian Mint - Canadian Gold Reserves (MNT.TO) is 8.43%, while iShares Silver Bullion ETF (SVR.TO) has a volatility of 16.74%. This indicates that MNT.TO experiences smaller price fluctuations and is considered to be less risky than SVR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MNT.TO | SVR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.43% | 16.74% | -8.31% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 57.06% | -31.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.93% | 58.68% | -27.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.53% | 36.38% | -15.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 32.35% | -12.66% |
Dividends
MNT.TO vs. SVR.TO - Dividend Comparison
Neither MNT.TO nor SVR.TO has paid dividends to shareholders.
Frequently Asked Questions
MNT.TO and SVR.TO have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MNT.TO is categorized as Gold, while SVR.TO is Silver.
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