PSLV vs. AUD=X
PSLV (Sprott Physical Silver Trust) is Silver fund tracking the No Index (Physical Silver), while AUD=X (USD/AUD) is a currency. Over the past 10 years, PSLV returned 10.45%/yr vs 0.02%/yr for AUD=X. At a correlation of -0.00, they often move in opposite directions.
Performance
PSLV vs. AUD=X - Performance Comparison
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Different Trading Currencies
PSLV is traded in USD, while AUD=X is traded in AUD. To make them comparable, the AUD=X values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PSLV achieves a -22.33% return, which is significantly lower than AUD=X's -0.02% return. Over the past 10 years, PSLV has outperformed AUD=X with an annualized return of 10.45%, while AUD=X has yielded a comparatively lower 0.02% annualized return.
PSLV
- 1D
- 1.38%
- 1M
- -25.75%
- YTD
- -22.33%
- 6M
- -23.33%
- 1Y
- 49.35%
- 3Y*
- 33.10%
- 5Y*
- 14.66%
- 10Y*
- 10.45%
AUD=X
- 1D
- -0.01%
- 1M
- -0.00%
- YTD
- -0.02%
- 6M
- -0.04%
- 1Y
- -0.09%
- 3Y*
- 0.00%
- 5Y*
- 0.01%
- 10Y*
- 0.02%
PSLV vs. AUD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | -22.33% | 145.08% | 19.43% | -1.94% | 2.74% | -14.13% | 42.81% | 16.99% | -11.83% | 4.28% |
AUD=X USD/AUD | -0.02% | -0.01% | 0.03% | 0.01% | -0.08% | -0.04% | 0.11% | 0.09% | -0.05% | 0.10% |
Correlation
The correlation between PSLV and AUD=X is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2010 | -0.00 |
The correlation between PSLV and AUD=X shifts across timeframes, from -0.11 (1 year) to 0.01 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSLV vs. AUD=X — Risk / Return Rank
PSLV
AUD=X
PSLV vs. AUD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and USD/AUD (AUD=X). 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 | AUD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.99 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.99 | -0.09 | +1.07 |
| Martin ratioReturn relative to average drawdown | 2.36 | -0.12 | +2.48 |
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Drawdowns
PSLV vs. AUD=X - Drawdown Comparison
The maximum PSLV drawdown since its inception was -79.38%, which is greater than AUD=X's maximum drawdown of -3.07%. Use the drawdown chart below to compare losses from any high point for PSLV and AUD=X.
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Drawdown Indicators
| PSLV | AUD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.38% | -3.07% | -76.31% |
Max Drawdown (1Y)Largest decline over 1 year | -50.17% | -0.81% | -49.36% |
Max Drawdown (3Y)Largest decline over 3 years | -50.17% | -1.22% | -48.95% |
Max Drawdown (5Y)Largest decline over 5 years | -50.17% | -1.22% | -48.95% |
Max Drawdown (10Y)Largest decline over 10 years | -50.17% | -1.44% | -48.73% |
Current DrawdownCurrent decline from peak | -49.48% | -1.72% | -47.76% |
Average DrawdownAverage peak-to-trough decline | -58.08% | -1.64% | -56.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.00% | 0.11% | +20.89% |
Volatility
PSLV vs. AUD=X - Volatility Comparison
Sprott Physical Silver Trust (PSLV) has a higher volatility of 15.92% compared to USD/AUD (AUD=X) at 0.20%. This indicates that PSLV's price experiences larger fluctuations and is considered to be riskier than AUD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSLV | AUD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.92% | 0.20% | +15.72% |
Volatility (6M)Calculated over the trailing 6-month period | 58.74% | 0.72% | +58.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.50% | 1.19% | +59.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.28% | 1.05% | +35.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.49% | 1.33% | +30.16% |
Frequently Asked Questions
PSLV and AUD=X have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSLV has higher volatility (15.92%) compared to AUD=X (0.20%). In terms of maximum drawdown, PSLV dropped -79.38% vs AUD=X's -3.07%.
PSLV currently has the higher Sharpe Ratio (0.82 vs -0.06), 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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