PSLV vs. ^TNX
PSLV (Sprott Physical Silver Trust) is Silver fund tracking the No Index (Physical Silver), while ^TNX (Treasury Yield 10 Years) is an index. Over the past 10 years, PSLV returned 14.02%/yr vs 10.02%/yr for ^TNX. At a correlation of -0.13, they often move in opposite directions.
Performance
PSLV vs. ^TNX - Performance Comparison
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Returns By Period
In the year-to-date period, PSLV achieves a -0.89% return, which is significantly lower than ^TNX's 7.54% return. Over the past 10 years, PSLV has outperformed ^TNX with an annualized return of 14.02%, while ^TNX has yielded a comparatively lower 10.02% annualized return.
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%
^TNX
- 1D
- -0.31%
- 1M
- 1.38%
- YTD
- 7.54%
- 6M
- 8.98%
- 1Y
- 2.57%
- 3Y*
- 6.63%
- 5Y*
- 23.47%
- 10Y*
- 10.02%
PSLV vs. ^TNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
^TNX Treasury Yield 10 Years | 7.54% | -8.97% | 18.29% | -0.34% | 156.55% | 64.89% | -52.21% | -28.56% | 11.68% | -1.68% |
Correlation
The correlation between PSLV and ^TNX is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2010 | -0.13 |
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Return for Risk
PSLV vs. ^TNX — Risk / Return Rank
PSLV
^TNX
PSLV vs. ^TNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and Treasury Yield 10 Years (^TNX). 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 | ^TNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.59 | ||
| Sortino ratioReturn per unit of downside risk | +1.64 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.04 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 0.21 | +2.32 |
| Martin ratioReturn relative to average drawdown | 5.58 | 0.37 | +5.21 |
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 | ^TNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.17 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.73 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.21 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.02 | +0.19 |
Drawdowns
PSLV vs. ^TNX - Drawdown Comparison
The maximum PSLV drawdown since its inception was -79.38%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for PSLV and ^TNX.
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Drawdown Indicators
| PSLV | ^TNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.38% | -93.78% | +14.40% |
Max Drawdown (1Y)Largest decline over 1 year | -40.65% | -12.35% | -28.30% |
Max Drawdown (3Y)Largest decline over 3 years | -40.65% | -27.41% | -13.24% |
Max Drawdown (5Y)Largest decline over 5 years | -40.65% | -27.41% | -13.24% |
Max Drawdown (10Y)Largest decline over 10 years | -42.79% | -84.57% | +41.78% |
Current DrawdownCurrent decline from peak | -35.53% | -44.20% | +8.67% |
Average DrawdownAverage peak-to-trough decline | -58.15% | -51.34% | -6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 6.97% | +11.41% |
Volatility
PSLV vs. ^TNX - Volatility Comparison
Sprott Physical Silver Trust (PSLV) has a higher volatility of 16.60% compared to Treasury Yield 10 Years (^TNX) at 5.04%. This indicates that PSLV's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSLV | ^TNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.60% | 5.04% | +11.56% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 10.62% | +46.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.49% | 15.51% | +42.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.64% | 32.43% | +3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 47.98% | -16.84% |
Frequently Asked Questions
PSLV and ^TNX have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSLV has higher volatility (16.60%) compared to ^TNX (5.04%). In terms of maximum drawdown, PSLV dropped -79.38% vs ^TNX's -93.78%.
PSLV currently has the higher Sharpe Ratio (1.76 vs 0.17), 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.
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