PSLV.TO vs. QQC.TO
PSLV.TO (Sprott Physical Silver Trust) is a stock, while QQC.TO (Invesco NASDAQ 100 Index ETF CAD Hedged) is Nasdaq-100 fund tracking the NASDAQ-100 Index. Over the past 5 years, PSLV.TO returned 20.14%/yr vs 20.34%/yr for QQC.TO. At a 0.10 correlation, their price movements are largely independent.
Performance
PSLV.TO vs. QQC.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PSLV.TO achieves a -7.60% return, which is significantly lower than QQC.TO's 16.65% return.
PSLV.TO
- 1D
- -7.85%
- 1M
- -12.06%
- YTD
- -7.60%
- 6M
- 11.55%
- 1Y
- 84.41%
- 3Y*
- 40.33%
- 5Y*
- 20.14%
- 10Y*
- —
QQC.TO
- 1D
- -4.46%
- 1M
- 3.65%
- YTD
- 16.65%
- 6M
- 13.86%
- 1Y
- 37.42%
- 3Y*
- 27.93%
- 5Y*
- 20.34%
- 10Y*
- —
PSLV.TO vs. QQC.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSLV.TO Sprott Physical Silver Trust | -7.60% | 134.39% | 29.63% | -4.04% | 9.85% | -15.70% |
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 16.65% | 15.38% | 35.74% | 51.68% | -28.05% | 25.39% |
Correlation
The correlation between PSLV.TO and QQC.TO is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 28, 2021 | 0.10 |
The correlation between PSLV.TO and QQC.TO shifts across timeframes, from 0.09 (5 years) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PSLV.TO vs. QQC.TO — Risk / Return Rank
PSLV.TO
QQC.TO
PSLV.TO vs. QQC.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV.TO) and Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.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 | QQC.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.42 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.10 | -0.95 |
| Martin ratioReturn relative to average drawdown | 4.69 | 9.79 | -5.11 |
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
| PSLV.TO | QQC.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.35 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.98 | -0.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.96 | -0.48 |
Drawdowns
PSLV.TO vs. QQC.TO - Drawdown Comparison
The maximum PSLV.TO drawdown since its inception was -41.53%, which is greater than QQC.TO's maximum drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for PSLV.TO and QQC.TO.
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Drawdown Indicators
| PSLV.TO | QQC.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.53% | -31.81% | -9.72% |
Max Drawdown (1Y)Largest decline over 1 year | -39.47% | -12.14% | -27.33% |
Max Drawdown (3Y)Largest decline over 3 years | -39.47% | -22.58% | -16.89% |
Max Drawdown (5Y)Largest decline over 5 years | -39.47% | -31.81% | -7.66% |
Current DrawdownCurrent decline from peak | -39.13% | -4.89% | -34.24% |
Average DrawdownAverage peak-to-trough decline | -15.70% | -8.04% | -7.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.07% | 3.83% | +14.24% |
Volatility
PSLV.TO vs. QQC.TO - Volatility Comparison
Sprott Physical Silver Trust (PSLV.TO) has a higher volatility of 17.87% compared to Invesco NASDAQ 100 Index ETF CAD Hedged (QQC.TO) at 6.40%. This indicates that PSLV.TO's price experiences larger fluctuations and is considered to be riskier than QQC.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSLV.TO | QQC.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.87% | 6.40% | +11.47% |
Volatility (6M)Calculated over the trailing 6-month period | 56.09% | 12.50% | +43.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.37% | 16.01% | +41.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.90% | 20.94% | +12.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.42% | 20.90% | +16.52% |
Dividends
PSLV.TO vs. QQC.TO - Dividend Comparison
PSLV.TO has not paid dividends to shareholders, while QQC.TO's dividend yield for the trailing twelve months is around 0.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PSLV.TO Sprott Physical Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQC.TO Invesco NASDAQ 100 Index ETF CAD Hedged | 0.33% | 0.39% | 0.45% | 0.54% | 0.91% | 0.56% |
Frequently Asked Questions
PSLV.TO and QQC.TO have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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