PKG vs. PSLV

Last updated Jun 5, 2026

PKG (Packaging Corporation of America) is a stock, while PSLV (Sprott Physical Silver Trust) is Silver fund tracking the No Index (Physical Silver). Over the past 10 years, PKG returned 15.74%/yr vs 14.02%/yr for PSLV. At a 0.09 correlation, their price movements are largely independent.

Performance

PKG vs. PSLV - Performance Comparison

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

Returns By Period

In the year-to-date period, PKG achieves a 9.59% return, which is significantly higher than PSLV's -0.89% return. Over the past 10 years, PKG has outperformed PSLV with an annualized return of 15.74%, while PSLV has yielded a comparatively lower 14.02% annualized return.

PKG

• 1D: 0.13%
• 1M: 0.89%
• YTD: 9.59%
• 6M: 15.65%
• 1Y: 19.07%
• 3Y*: 24.22%
• 5Y*: 12.16%
• 10Y*: 15.74%

PSLV

• 1D: 0.90%
• 1M: -0.64%
• YTD: -0.89%
• 6M: 23.11%
• 1Y: 102.24%
• 3Y*: 42.33%
• 5Y*: 18.65%
• 10Y*: 14.02%

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

PKG vs. PSLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PKG Packaging Corporation of America	9.59%	-6.08%	41.70%	31.90%	-2.62%	1.55%	27.20%	38.35%	-28.85%	45.51%
PSLV Sprott Physical Silver Trust	-0.89%	145.08%	19.43%	-1.94%	2.74%	-14.13%	42.81%	16.99%	-11.83%	4.28%

Correlation

The correlation between PKG and PSLV is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Nov 1, 2010	0.09

Fundamentals

Market Cap PKG : $20.02B PSLV : $14.73B
EPS PKG : $8.25 PSLV : $13.57
PE Ratio PKG : 27.22 PSLV : 1.71
PEG Ratio PKG : 35.87 PSLV : 0.00
PS Ratio PKG : 2.19 PSLV : 218.98
PB Ratio PKG : 4.36 PSLV : 0.90
Total Revenue (TTM) PKG : $9.22B PSLV : $64.19M
Gross Profit (TTM) PKG : $1.89B PSLV : $404.67M
EBITDA (TTM) PKG : $1.84B PSLV : $8.21B

Return for Risk

PKG vs. PSLV — Risk / Return Rank

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

PKG

PKG Risk / Return Rank: 62
PKG Sharpe Ratio Rank: 64
PKG Sortino Ratio Rank: 59
PKG Omega Ratio Rank: 58
PKG Calmar Ratio Rank: 64
PKG Martin Ratio Rank: 64

PSLV

PSLV Risk / Return Rank: 47
PSLV Sharpe Ratio Rank: 52
PSLV Sortino Ratio Rank: 39
PSLV Omega Ratio Rank: 54
PSLV Calmar Ratio Rank: 52
PSLV Martin Ratio Rank: 37

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.

PKG vs. PSLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Packaging Corporation of America (PKG) and Sprott Physical Silver Trust (PSLV). 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.

	PKG	PSLV	Difference
Sharpe ratio: Return per unit of total volatility	0.71	1.76	-1.05
Sortino ratio: Return per unit of downside risk	1.20	1.99	-0.79
Omega ratio: Gain probability vs. loss probability	1.15	1.33	-0.18
Calmar ratio: Return relative to maximum drawdown	1.11	2.53	-1.42
Martin ratio: Return relative to average drawdown	2.46	5.58	-3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PKG vs. PSLV - Sharpe Ratio Comparison

The current PKG Sharpe Ratio is 0.71, which is lower than the PSLV Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of PKG and PSLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PKG	PSLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	1.76	-1.05
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.53	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.45	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.17	+0.30

Drawdowns

PKG vs. PSLV - Drawdown Comparison

The maximum PKG drawdown since its inception was -66.88%, smaller than the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for PKG and PSLV.

Drawdown Indicators

	PKG	PSLV	Difference
Max Drawdown Largest peak-to-trough decline	-66.88%	-79.38%	+12.50%
Max Drawdown (1Y) Largest decline over 1 year	-17.21%	-40.65%	+23.44%
Max Drawdown (3Y) Largest decline over 3 years	-28.43%	-40.65%	+12.22%
Max Drawdown (5Y) Largest decline over 5 years	-31.78%	-40.65%	+8.87%
Max Drawdown (10Y) Largest decline over 10 years	-38.18%	-42.79%	+4.61%
Current Drawdown Current decline from peak	-8.24%	-35.53%	+27.29%
Average Drawdown Average peak-to-trough decline	-11.72%	-58.15%	+46.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.76%	18.38%	-10.62%

Volatility

PKG vs. PSLV - Volatility Comparison

The current volatility for Packaging Corporation of America (PKG) is 8.36%, while Sprott Physical Silver Trust (PSLV) has a volatility of 16.60%. This indicates that PKG experiences smaller price fluctuations and is considered to be less risky than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PKG	PSLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.36%	16.60%	-8.24%
Volatility (6M) Calculated over the trailing 6-month period	20.13%	57.34%	-37.21%
Volatility (1Y) Calculated over the trailing 1-year period	26.88%	58.49%	-31.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.34%	35.64%	-10.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.32%	31.14%	-3.82%

Dividends

PKG vs. PSLV - Dividend Comparison

PKG's dividend yield for the trailing twelve months is around 2.23%, while PSLV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PKG Packaging Corporation of America	2.23%	2.42%	2.22%	3.07%	3.71%	2.94%	2.44%	2.82%	3.59%	2.09%	2.78%	3.49%
PSLV Sprott Physical Silver 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%

Frequently Asked Questions

Can I hold both PKG and PSLV in my portfolio?

PKG and PSLV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PKG or PSLV?

PSLV has higher volatility (16.60%) compared to PKG (8.36%). In terms of maximum drawdown, PKG dropped -66.88% vs PSLV's -79.38%.

Which has better risk-adjusted returns?

PSLV currently has the higher Sharpe Ratio (1.76 vs 0.71), 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.