NVDA vs. CEF

Last updated Jun 13, 2026

NVDA (NVIDIA Corporation) is a stock, while CEF (Sprott Physical Gold and Silver Trust) is Gold fund actively managed by Sprott. Over the past 10 years, NVDA returned 67.95%/yr vs 12.56%/yr for CEF. At a 0.04 correlation, their price movements are largely independent.

Performance

NVDA vs. CEF - Performance Comparison

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

Returns By Period

In the year-to-date period, NVDA achieves a 10.16% return, which is significantly higher than CEF's -4.91% return. Over the past 10 years, NVDA has outperformed CEF with an annualized return of 67.95%, while CEF has yielded a comparatively lower 12.56% annualized return.

NVDA

• 1D: 0.16%
• 1M: -8.83%
• YTD: 10.16%
• 6M: 17.38%
• 1Y: 44.72%
• 3Y*: 71.13%
• 5Y*: 63.13%
• 10Y*: 67.95%

CEF

• 1D: 0.62%
• 1M: -9.04%
• YTD: -4.91%
• 6M: 0.53%
• 1Y: 40.89%
• 3Y*: 33.17%
• 5Y*: 16.96%
• 10Y*: 12.56%

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

NVDA vs. CEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NVDA NVIDIA Corporation	10.16%	38.92%	171.25%	239.02%	-50.26%	125.48%	122.30%	76.94%	-30.82%	81.99%
CEF Sprott Physical Gold and Silver Trust	-4.91%	92.76%	24.07%	6.80%	1.07%	-8.32%	31.99%	16.91%	-6.34%	18.78%

Correlation

The correlation between NVDA and CEF is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jan 22, 1999	0.04

The correlation between NVDA and CEF shifts across timeframes, from 0.04 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

NVDA vs. CEF — Risk / Return Rank

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

NVDA

NVDA Risk / Return Rank: 75
NVDA Sharpe Ratio Rank: 78
NVDA Sortino Ratio Rank: 73
NVDA Omega Ratio Rank: 71
NVDA Calmar Ratio Rank: 77
NVDA Martin Ratio Rank: 77

CEF

CEF Risk / Return Rank: 23
CEF Sharpe Ratio Rank: 23
CEF Sortino Ratio Rank: 20
CEF Omega Ratio Rank: 29
CEF Calmar Ratio Rank: 23
CEF Martin Ratio Rank: 18

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.

NVDA vs. CEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NVIDIA Corporation (NVDA) 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.

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.

	NVDA	CEF	Difference
Sharpe ratio: Return per unit of total volatility	1.20	1.09	+0.11
Sortino ratio: Return per unit of downside risk	1.75	1.45	+0.30
Omega ratio: Gain probability vs. loss probability	1.21	1.22	-0.01
Calmar ratio: Return relative to maximum drawdown	2.07	1.41	+0.67
Martin ratio: Return relative to average drawdown	4.94	3.72	+1.23

NVDA vs. CEF - Sharpe Ratio Comparison

The current NVDA Sharpe Ratio is 1.20, which is comparable to the CEF Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of NVDA and CEF, 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

NVDA vs. CEF - Drawdown Comparison

The maximum NVDA drawdown since its inception was -89.72%, which is greater than CEF's maximum drawdown of -62.29%. Use the drawdown chart below to compare losses from any high point for NVDA and CEF.

Drawdown Indicators

	NVDA	CEF	Difference
Max Drawdown Largest peak-to-trough decline	-89.72%	-62.29%	-27.43%
Max Drawdown (1Y) Largest decline over 1 year	-20.21%	-30.01%	+9.80%
Max Drawdown (3Y) Largest decline over 3 years	-36.88%	-30.01%	-6.87%
Max Drawdown (5Y) Largest decline over 5 years	-66.34%	-30.01%	-36.33%
Max Drawdown (10Y) Largest decline over 10 years	-66.34%	-30.01%	-36.33%
Current Drawdown Current decline from peak	-12.86%	-26.45%	+13.59%
Average Drawdown Average peak-to-trough decline	-36.18%	-27.33%	-8.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.46%	11.35%	-2.89%

Volatility

NVDA vs. CEF - Volatility Comparison

NVIDIA Corporation (NVDA) has a higher volatility of 13.26% compared to Sprott Physical Gold and Silver Trust (CEF) at 11.51%. This indicates that NVDA's price experiences larger fluctuations and is considered to be riskier than CEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NVDA	CEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.26%	11.51%	+1.75%
Volatility (6M) Calculated over the trailing 6-month period	26.67%	36.13%	-9.46%
Volatility (1Y) Calculated over the trailing 1-year period	35.00%	38.81%	-3.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.76%	24.54%	+27.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.84%	21.96%	+27.88%

Dividends

NVDA vs. CEF - Dividend Comparison

NVDA's dividend yield for the trailing twelve months is around 0.14%, while CEF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
NVDA NVIDIA Corporation	0.14%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Frequently Asked Questions

Can I hold both NVDA and CEF in my portfolio?

NVDA and CEF have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NVDA or CEF?

NVDA has higher volatility (13.26%) compared to CEF (11.51%). In terms of maximum drawdown, NVDA dropped -89.72% vs CEF's -62.29%.

Which has better risk-adjusted returns?

NVDA currently has the higher Sharpe Ratio (1.20 vs 1.09), 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.