PHYS vs. ZTIP.TO
PHYS (Sprott Physical Gold Trust) is a stock, while ZTIP.TO (BMO Short-Term US TIPS Index ETF) is Inflation-Protected Bonds fund tracking the Bloomberg Barclays U.S. Government Inflation-Linked 0-5 Year Bond Index. Over the past 5 years, PHYS returned 16.26%/yr vs 3.29%/yr for ZTIP.TO. At a correlation of -0.10, they often move in opposite directions.
Performance
PHYS vs. ZTIP.TO - Performance Comparison
Loading charts...
Different Trading Currencies
PHYS is traded in USD, while ZTIP.TO is traded in CAD. To make them comparable, the ZTIP.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PHYS achieves a -3.85% return, which is significantly lower than ZTIP.TO's 1.43% return.
PHYS
- 1D
- 0.19%
- 1M
- -9.95%
- YTD
- -3.85%
- 6M
- -3.47%
- 1Y
- 20.77%
- 3Y*
- 28.00%
- 5Y*
- 16.26%
- 10Y*
- 11.42%
ZTIP.TO
- 1D
- -0.32%
- 1M
- -0.54%
- YTD
- 1.43%
- 6M
- 1.78%
- 1Y
- 4.31%
- 3Y*
- 5.09%
- 5Y*
- 3.29%
- 10Y*
- —
PHYS vs. ZTIP.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PHYS Sprott Physical Gold Trust | -3.85% | 63.95% | 26.43% | 12.98% | -1.81% | -1.91% |
ZTIP.TO BMO Short-Term US TIPS Index ETF | 1.53% | 5.95% | 4.95% | 4.41% | -2.24% | 4.41% |
Correlation
The correlation between PHYS and ZTIP.TO is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2021 | -0.10 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PHYS vs. ZTIP.TO — Risk / Return Rank
PHYS
ZTIP.TO
PHYS vs. ZTIP.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold Trust (PHYS) and BMO Short-Term US TIPS Index ETF (ZTIP.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.
| PHYS | ZTIP.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.48 | -1.56 |
| Martin ratioReturn relative to average drawdown | 2.64 | 7.40 | -4.76 |
Loading charts...
Drawdowns
PHYS vs. ZTIP.TO - Drawdown Comparison
The maximum PHYS drawdown since its inception was -48.16%, which is greater than ZTIP.TO's maximum drawdown of -6.85%. Use the drawdown chart below to compare losses from any high point for PHYS and ZTIP.TO.
Loading charts...
Drawdown Indicators
| PHYS | ZTIP.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.16% | -6.85% | -41.31% |
Max Drawdown (1Y)Largest decline over 1 year | -24.80% | -1.75% | -23.05% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -2.38% | -22.42% |
Max Drawdown (5Y)Largest decline over 5 years | -24.80% | -6.85% | -17.95% |
Max Drawdown (10Y)Largest decline over 10 years | -24.80% | — | — |
Current DrawdownCurrent decline from peak | -22.43% | -0.78% | -21.65% |
Average DrawdownAverage peak-to-trough decline | -20.99% | -1.58% | -19.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 0.58% | +8.02% |
Volatility
PHYS vs. ZTIP.TO - Volatility Comparison
Sprott Physical Gold Trust (PHYS) has a higher volatility of 7.80% compared to BMO Short-Term US TIPS Index ETF (ZTIP.TO) at 1.06%. This indicates that PHYS's price experiences larger fluctuations and is considered to be riskier than ZTIP.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PHYS | ZTIP.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.80% | 1.06% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 24.75% | 3.94% | +20.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.17% | 5.79% | +22.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 7.81% | +10.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 7.78% | +8.63% |
Dividends
PHYS vs. ZTIP.TO - Dividend Comparison
PHYS has not paid dividends to shareholders, while ZTIP.TO's dividend yield for the trailing twelve months is around 3.42%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PHYS Sprott Physical Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZTIP.TO BMO Short-Term US TIPS Index ETF | 3.42% | 3.63% | 3.63% | 4.91% | 4.93% | 0.38% |
Frequently Asked Questions
PHYS and ZTIP.TO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for PHYS and ZTIP.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer