PHYS vs. GOLD

Last updated Jun 4, 2026

PHYS (Sprott Physical Gold Trust) and GOLD (Barrick Mining Corporation) are both stocks. PHYS operates in Asset Management (Financial Services), while GOLD operates in Gold (Basic Materials). A 0.51 correlation means they provide meaningful diversification when combined.

Performance

PHYS vs. GOLD - Performance Comparison

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

Returns By Period

In the year-to-date period, PHYS achieves a 1.64% return, which is significantly lower than GOLD's 16.19% return.

PHYS

• 1D: -1.09%
• 1M: -1.73%
• YTD: 1.64%
• 6M: 4.32%
• 1Y: 31.14%
• 3Y*: 29.99%
• 5Y*: 17.41%
• 10Y*: 12.40%

GOLD

• 1D: -1.97%
• 1M: -7.53%
• YTD: 16.19%
• 6M: 26.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PHYS vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
PHYS Sprott Physical Gold Trust	1.64%	2.51%
GOLD Barrick Mining Corporation	16.19%	14.34%

Correlation

The correlation between PHYS and GOLD is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.51

Fundamentals

Market Cap PHYS : $16.17B GOLD : $1.04B
EPS PHYS : $11.91 GOLD : $3.06
PE Ratio PHYS : 2.82 GOLD : 12.81
PS Ratio PHYS : 14.95 GOLD : 0.04
PB Ratio PHYS : 0.94 GOLD : 1.22
Total Revenue (TTM) PHYS : $1.06B GOLD : $23.02B
Gross Profit (TTM) PHYS : $3.03B GOLD : $169.58M
EBITDA (TTM) PHYS : $5.61B GOLD : -$162.41M

Return for Risk

PHYS vs. GOLD — Risk / Return Rank

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

PHYS

PHYS Risk / Return Rank: 70
PHYS Sharpe Ratio Rank: 74
PHYS Sortino Ratio Rank: 65
PHYS Omega Ratio Rank: 70
PHYS Calmar Ratio Rank: 70
PHYS Martin Ratio Rank: 71

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.

PHYS vs. GOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold Trust (PHYS) and Barrick Mining Corporation (GOLD). 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	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	1.14	—	—
Sortino ratio: Return per unit of downside risk	1.51	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.62	—	—
Martin ratio: Return relative to average drawdown	3.99	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PHYS	GOLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.32	-0.87

Drawdowns

PHYS vs. GOLD - Drawdown Comparison

The maximum PHYS drawdown since its inception was -48.16%, which is greater than GOLD's maximum drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for PHYS and GOLD.

Drawdown Indicators

	PHYS	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-48.16%	-40.58%	-7.58%
Max Drawdown (1Y) Largest decline over 1 year	-19.35%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.80%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-23.75%	—	—
Current Drawdown Current decline from peak	-18.01%	-38.32%	+20.31%
Average Drawdown Average peak-to-trough decline	-21.00%	-17.25%	-3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.82%	—	—

Volatility

Volatility by Period

	PHYS	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.43%	58.82%	-31.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.31%	58.82%	-40.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	58.82%	-42.52%

Dividends

PHYS vs. GOLD - Dividend Comparison

PHYS has not paid dividends to shareholders, while GOLD's dividend yield for the trailing twelve months is around 1.02%.

Position	TTM
GOLD Barrick Mining Corporation	1.02%
PHYS Sprott Physical Gold Trust	0.00%

Financials

Frequently Asked Questions

Can I hold both PHYS and GOLD in my portfolio?

PHYS and GOLD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.