PHYS.TO vs. HXE.TO
PHYS.TO (Sprott Physical Gold Trust) is a stock, while HXE.TO (Global X S&P/TSX Capped Energy Index Corporate Class ETF) is Energy Equities fund tracking the S&P/TSX Capped Energy Index (Total Return). Over the past 5 years, PHYS.TO returned 20.78%/yr vs 29.94%/yr for HXE.TO. At a correlation of -0.06, they often move in opposite directions.
Performance
PHYS.TO vs. HXE.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PHYS.TO achieves a 2.89% return, which is significantly lower than HXE.TO's 44.48% return.
PHYS.TO
- 1D
- -0.66%
- 1M
- 0.26%
- YTD
- 2.89%
- 6M
- 3.81%
- 1Y
- 32.90%
- 3Y*
- 31.40%
- 5Y*
- 20.78%
- 10Y*
- —
HXE.TO
- 1D
- 1.90%
- 1M
- 0.21%
- YTD
- 44.48%
- 6M
- 43.26%
- 1Y
- 70.96%
- 3Y*
- 28.47%
- 5Y*
- 29.94%
- 10Y*
- 12.22%
PHYS.TO vs. HXE.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PHYS.TO Sprott Physical Gold Trust | 2.89% | 56.35% | 37.41% | 10.65% | 4.96% | -5.37% | 21.38% | 12.13% | 4.21% |
HXE.TO Global X S&P/TSX Capped Energy Index Corporate Class ETF | 44.48% | 17.30% | 14.39% | 3.95% | 53.52% | 81.48% | -33.82% | 10.05% | -21.37% |
Correlation
The correlation between PHYS.TO and HXE.TO is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2018 | -0.06 |
The correlation between PHYS.TO and HXE.TO shifts across timeframes, from -0.06 (all time) to 0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PHYS.TO vs. HXE.TO — Risk / Return Rank
PHYS.TO
HXE.TO
PHYS.TO vs. HXE.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold Trust (PHYS.TO) and Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.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.
| PHYS.TO | HXE.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 6.55 | -4.73 |
| Martin ratioReturn relative to average drawdown | 4.49 | 18.78 | -14.29 |
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
| PHYS.TO | HXE.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | 3.07 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.21 | 1.03 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.22 | +0.38 |
Drawdowns
PHYS.TO vs. HXE.TO - Drawdown Comparison
The maximum PHYS.TO drawdown since its inception was -27.08%, smaller than the maximum HXE.TO drawdown of -85.92%. Use the drawdown chart below to compare losses from any high point for PHYS.TO and HXE.TO.
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Drawdown Indicators
| PHYS.TO | HXE.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.08% | -85.92% | +58.84% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -10.88% | -7.26% |
Max Drawdown (3Y)Largest decline over 3 years | -18.14% | -25.34% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -28.83% | +10.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.40% | — |
Current DrawdownCurrent decline from peak | -16.29% | -3.75% | -12.54% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -30.81% | +22.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.34% | 3.79% | +3.55% |
Volatility
PHYS.TO vs. HXE.TO - Volatility Comparison
The current volatility for Sprott Physical Gold Trust (PHYS.TO) is 5.61%, while Global X S&P/TSX Capped Energy Index Corporate Class ETF (HXE.TO) has a volatility of 9.76%. This indicates that PHYS.TO experiences smaller price fluctuations and is considered to be less risky than HXE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PHYS.TO | HXE.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 9.76% | -4.15% |
Volatility (6M)Calculated over the trailing 6-month period | 22.21% | 18.90% | +3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.13% | 23.30% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.21% | 29.24% | -12.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 33.75% | -6.93% |
Dividends
PHYS.TO vs. HXE.TO - Dividend Comparison
Neither PHYS.TO nor HXE.TO has paid dividends to shareholders.
Frequently Asked Questions
PHYS.TO and HXE.TO have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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