PHYS.TO vs. TLT
Compare and contrast key facts about Sprott Physical Gold Trust (PHYS.TO) and iShares 20+ Year Treasury Bond ETF (TLT).
TLT is a passively managed fund by iShares that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. It was launched on Jul 22, 2002.
Performance
PHYS.TO vs. TLT - Performance Comparison
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PHYS.TO vs. TLT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PHYS.TO Sprott Physical Gold Trust | 10.95% | 56.35% | 37.41% | 10.65% | 4.96% | -5.37% | 21.38% | 12.13% | 4.21% |
TLT iShares 20+ Year Treasury Bond ETF | 1.34% | -0.53% | -0.15% | 0.50% | -26.33% | -5.46% | 16.16% | 8.51% | 12.32% |
Different Trading Currencies
PHYS.TO is traded in CAD, while TLT is traded in USD. To make them comparable, the TLT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHYS.TO achieves a 10.95% return, which is significantly higher than TLT's 1.53% return.
PHYS.TO
- 1D
- 1.78%
- 1M
- -9.73%
- YTD
- 10.95%
- 6M
- 21.40%
- 1Y
- 45.33%
- 3Y*
- 33.98%
- 5Y*
- 24.23%
- 10Y*
- —
TLT
- 1D
- 0.00%
- 1M
- -1.60%
- YTD
- 1.53%
- 6M
- -1.33%
- 1Y
- -4.07%
- 3Y*
- -1.85%
- 5Y*
- -3.89%
- 10Y*
- -0.72%
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Return for Risk
PHYS.TO vs. TLT — Risk / Return Rank
PHYS.TO
TLT
PHYS.TO vs. TLT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold Trust (PHYS.TO) and iShares 20+ Year Treasury Bond ETF (TLT). 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 | TLT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | -0.33 | +2.02 |
Sortino ratioReturn per unit of downside risk | 2.09 | -0.37 | +2.47 |
Omega ratioGain probability vs. loss probability | 1.32 | 0.95 | +0.36 |
Calmar ratioReturn relative to maximum drawdown | 2.49 | -0.32 | +2.82 |
Martin ratioReturn relative to average drawdown | 8.78 | -0.57 | +9.35 |
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 | TLT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | -0.33 | +2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.44 | -0.23 | +1.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.15 | +0.50 |
Correlation
The correlation between PHYS.TO and TLT is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PHYS.TO vs. TLT - Dividend Comparison
PHYS.TO has not paid dividends to shareholders, while TLT's dividend yield for the trailing twelve months is around 4.53%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHYS.TO Sprott Physical Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.53% | 4.43% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% |
Drawdowns
PHYS.TO vs. TLT - Drawdown Comparison
The maximum PHYS.TO drawdown since its inception was -27.08%, smaller than the maximum TLT drawdown of -49.81%. Use the drawdown chart below to compare losses from any high point for PHYS.TO and TLT.
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Drawdown Indicators
| PHYS.TO | TLT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.08% | -48.35% | +21.27% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -9.23% | -8.91% |
Max Drawdown (5Y)Largest decline over 5 years | -18.14% | -43.70% | +25.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.35% | — |
Current DrawdownCurrent decline from peak | -9.73% | -40.23% | +30.50% |
Average DrawdownAverage peak-to-trough decline | -7.72% | -13.62% | +5.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 4.39% | +0.76% |
Volatility
PHYS.TO vs. TLT - Volatility Comparison
Sprott Physical Gold Trust (PHYS.TO) has a higher volatility of 10.29% compared to iShares 20+ Year Treasury Bond ETF (TLT) at 4.07%. This indicates that PHYS.TO's price experiences larger fluctuations and is considered to be riskier than TLT 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 | TLT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 4.07% | +6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 23.98% | 7.53% | +16.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.91% | 12.31% | +14.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.93% | 16.65% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.95% | 16.41% | +10.54% |