PSLV.TO vs. XSB.TO
PSLV.TO (Sprott Physical Silver Trust) is a stock, while XSB.TO (iShares Core Canadian Short Term Bond Index ETF) is Short-Term Bond fund tracking the FTSE Canada Short Term Overall Bond Index. Over the past 5 years, PSLV.TO returned 18.08%/yr vs 2.05%/yr for XSB.TO. At a 0.20 correlation, their price movements are largely independent.
Performance
PSLV.TO vs. XSB.TO - Performance Comparison
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Returns By Period
In the year-to-date period, PSLV.TO achieves a -21.69% return, which is significantly lower than XSB.TO's 1.17% return.
PSLV.TO
- 1D
- 0.59%
- 1M
- -12.63%
- 6M
- -41.73%
- YTD
- -21.69%
- 1Y
- 44.00%
- 3Y*
- 31.60%
- 5Y*
- 18.08%
- 10Y*
- —
- ALL TIME*
- 15.56%
XSB.TO
- 1D
- 0.11%
- 1M
- -0.08%
- 6M
- 0.80%
- YTD
- 1.17%
- 1Y
- 3.25%
- 3Y*
- 4.84%
- 5Y*
- 2.05%
- 10Y*
- 1.97%
- ALL TIME*
- 2.72%
PSLV.TO vs. XSB.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PSLV.TO Sprott Physical Silver Trust | -21.69% | 134.39% | 29.63% | -4.04% | 9.85% | -14.35% | 39.25% | 11.53% | 1.73% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 1.17% | 3.70% | 5.87% | 4.67% | -4.04% | -1.11% | 5.20% | 3.20% | 2.07% |
Correlation
The correlation between PSLV.TO and XSB.TO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2018 | 0.20 |
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Return for Risk
PSLV.TO vs. XSB.TO — Risk / Return Rank
PSLV.TO
XSB.TO
PSLV.TO vs. XSB.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV.TO) and iShares Core Canadian Short Term Bond Index ETF (XSB.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.
| PSLV.TO | XSB.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 2.22 | -1.32 |
| Martin ratioReturn relative to average drawdown | 1.87 | 7.48 | -5.61 |
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Drawdowns
PSLV.TO vs. XSB.TO - Drawdown Comparison
The maximum PSLV.TO drawdown since its inception was -49.08%, which is greater than XSB.TO's maximum drawdown of -8.65%. Use the drawdown chart below to compare losses from any high point for PSLV.TO and XSB.TO.
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Drawdown Indicators
| PSLV.TO | XSB.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.08% | -8.65% | -40.43% |
Max Drawdown (1Y)Largest decline over 1 year | -49.08% | -1.47% | -47.61% |
Max Drawdown (3Y)Largest decline over 3 years | -49.08% | -1.47% | -47.61% |
Max Drawdown (5Y)Largest decline over 5 years | -49.08% | -6.99% | -42.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -8.65% | — |
Current DrawdownCurrent decline from peak | -48.41% | -0.33% | -48.08% |
Average DrawdownAverage peak-to-trough decline | -16.09% | -0.79% | -15.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.56% | 0.44% | +23.12% |
Volatility
PSLV.TO vs. XSB.TO - Volatility Comparison
Sprott Physical Silver Trust (PSLV.TO) has a higher volatility of 12.58% compared to iShares Core Canadian Short Term Bond Index ETF (XSB.TO) at 0.61%. This indicates that PSLV.TO's price experiences larger fluctuations and is considered to be riskier than XSB.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 | XSB.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.58% | 0.61% | +11.97% |
Volatility (6M)Calculated over the trailing 6-month period | 54.67% | 1.70% | +52.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.27% | 2.03% | +57.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.55% | 2.73% | +31.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.54% | 3.40% | +34.14% |
Dividends
PSLV.TO vs. XSB.TO - Dividend Comparison
PSLV.TO has not paid dividends to shareholders, while XSB.TO's dividend yield for the trailing twelve months is around 3.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSLV.TO 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% |
XSB.TO iShares Core Canadian Short Term Bond Index ETF | 3.10% | 3.15% | 3.05% | 2.67% | 2.28% | 2.05% | 2.21% | 2.39% | 2.39% | 2.36% | 2.36% | 2.50% |
Frequently Asked Questions
PSLV.TO and XSB.TO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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