PSLV.TO vs. ARIS.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Sprott Physical Silver Trust (PSLV.TO) and Aris Gold Corporation (ARIS.TO).

Performance

PSLV.TO vs. ARIS.TO - Performance Comparison

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

PSLV.TO vs. ARIS.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PSLV.TO Sprott Physical Silver Trust	4.64%	134.39%	29.63%	-4.04%	9.85%	-14.35%	47.20%
ARIS.TO Aris Gold Corporation	16.04%	341.67%	15.33%	30.45%	-35.40%	-31.57%	350.88%

Fundamentals

Market Cap PSLV.TO : CA$19.29B ARIS.TO : CA$5.25B
EPS PSLV.TO : CA$5.19 ARIS.TO : CA$0.40
PE Ratio PSLV.TO : 6.55 ARIS.TO : 64.10
PEG Ratio PSLV.TO : 0.03 ARIS.TO : 1.31
PS Ratio PSLV.TO : 6.54 ARIS.TO : 5.42
PB Ratio PSLV.TO : 2.07 ARIS.TO : 3.64
Total Revenue (TTM) PSLV.TO : CA$2.95B ARIS.TO : CA$929.55M
Gross Profit (TTM) PSLV.TO : CA$2.95B ARIS.TO : CA$465.86M
EBITDA (TTM) PSLV.TO : CA$2.94B ARIS.TO : CA$399.97M

Returns By Period

In the year-to-date period, PSLV.TO achieves a 4.64% return, which is significantly lower than ARIS.TO's 16.04% return.

PSLV.TO

• 1D: 7.59%
• 1M: -19.23%
• YTD: 4.64%
• 6M: 55.77%
• 1Y: 103.35%
• 3Y*: 44.61%
• 5Y*: 24.75%
• 10Y*: —

ARIS.TO

• 1D: 7.94%
• 1M: -16.41%
• YTD: 16.04%
• 6M: 89.37%
• 1Y: 288.42%
• 3Y*: 83.65%
• 5Y*: 36.61%
• 10Y*: —

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

Return for Risk

PSLV.TO vs. ARIS.TO — Risk / Return Rank

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

PSLV.TO

PSLV.TO Risk / Return Rank: 86
PSLV.TO Sharpe Ratio Rank: 90
PSLV.TO Sortino Ratio Rank: 80
PSLV.TO Omega Ratio Rank: 88
PSLV.TO Calmar Ratio Rank: 84
PSLV.TO Martin Ratio Rank: 87

ARIS.TO

ARIS.TO Risk / Return Rank: 98
ARIS.TO Sharpe Ratio Rank: 99
ARIS.TO Sortino Ratio Rank: 97
ARIS.TO Omega Ratio Rank: 97
ARIS.TO Calmar Ratio Rank: 99
ARIS.TO Martin Ratio Rank: 99

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.

PSLV.TO vs. ARIS.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV.TO) and Aris Gold Corporation (ARIS.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.

	PSLV.TO	ARIS.TO	Difference
Sharpe ratio Return per unit of total volatility	1.90	5.08	-3.18
Sortino ratio Return per unit of downside risk	2.07	4.03	-1.96
Omega ratio Gain probability vs. loss probability	1.36	1.58	-0.22
Calmar ratio Return relative to maximum drawdown	2.67	10.41	-7.74
Martin ratio Return relative to average drawdown	8.30	37.40	-29.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSLV.TO vs. ARIS.TO - Sharpe Ratio Comparison

The current PSLV.TO Sharpe Ratio is 1.90, which is lower than the ARIS.TO Sharpe Ratio of 5.08. The chart below compares the historical Sharpe Ratios of PSLV.TO and ARIS.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSLV.TO	ARIS.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	5.08	-3.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.77	0.75	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.53	+0.02

Correlation

The correlation between PSLV.TO and ARIS.TO is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PSLV.TO vs. ARIS.TO - Dividend Comparison

Neither PSLV.TO nor ARIS.TO has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
PSLV.TO Sprott Physical Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARIS.TO Aris Gold Corporation	0.00%	0.00%	0.00%	0.00%	3.58%	3.38%	0.56%

Drawdowns

PSLV.TO vs. ARIS.TO - Drawdown Comparison

The maximum PSLV.TO drawdown since its inception was -41.53%, smaller than the maximum ARIS.TO drawdown of -65.19%. Use the drawdown chart below to compare losses from any high point for PSLV.TO and ARIS.TO.

Drawdown Indicators

	PSLV.TO	ARIS.TO	Difference
Max Drawdown Largest peak-to-trough decline	-41.53%	-65.19%	+23.66%
Max Drawdown (1Y) Largest decline over 1 year	-39.47%	-28.51%	-10.96%
Max Drawdown (5Y) Largest decline over 5 years	-39.47%	-54.39%	+14.92%
Current Drawdown Current decline from peak	-31.06%	-16.41%	-14.65%
Average Drawdown Average peak-to-trough decline	-15.35%	-30.72%	+15.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.69%	7.93%	+4.76%

Volatility

PSLV.TO vs. ARIS.TO - Volatility Comparison

Sprott Physical Silver Trust (PSLV.TO) and Aris Gold Corporation (ARIS.TO) have volatilities of 20.13% and 19.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSLV.TO	ARIS.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.13%	19.69%	+0.44%
Volatility (6M) Calculated over the trailing 6-month period	54.40%	45.41%	+8.99%
Volatility (1Y) Calculated over the trailing 1-year period	54.75%	57.22%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.57%	48.94%	-16.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.03%	108.23%	-71.20%

Financials

PSLV.TO vs. ARIS.TO - Profitability Comparison

The chart below illustrates the profitability comparison between Sprott Physical Silver Trust and Aris Gold Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PSLV.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Sprott Physical Silver Trust reported a gross profit of 2.06B and revenue of 2.06B. Therefore, the gross margin over that period was 100.0%.

ARIS.TO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Aris Gold Corporation reported a gross profit of 160.21M and revenue of 313.31M. Therefore, the gross margin over that period was 51.1%.

PSLV.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Sprott Physical Silver Trust reported an operating income of 2.05B and revenue of 2.06B, resulting in an operating margin of 99.9%.

ARIS.TO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Aris Gold Corporation reported an operating income of 132.25M and revenue of 313.31M, resulting in an operating margin of 42.2%.

PSLV.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Sprott Physical Silver Trust reported a net income of 2.05B and revenue of 2.06B, resulting in a net margin of 99.9%.

ARIS.TO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Aris Gold Corporation reported a net income of 51.64M and revenue of 313.31M, resulting in a net margin of 16.5%.