PSLV vs. CLIQ.DE
PSLV (Sprott Physical Silver Trust) is Silver fund tracking the No Index (Physical Silver), while CLIQ.DE (Cliq Digital AG) is a stock. Over the past 10 years, PSLV returned 12.48%/yr vs 5.38%/yr for CLIQ.DE. At a 0.09 correlation, their price movements are largely independent.
Performance
PSLV vs. CLIQ.DE - Performance Comparison
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Different Trading Currencies
PSLV is traded in USD, while CLIQ.DE is traded in EUR. To make them comparable, the CLIQ.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PSLV achieves a -8.84% return, which is significantly lower than CLIQ.DE's 162.32% return. Over the past 10 years, PSLV has outperformed CLIQ.DE with an annualized return of 12.48%, while CLIQ.DE has yielded a comparatively lower 5.38% annualized return.
PSLV
- 1D
- 1.22%
- 1M
- -12.36%
- YTD
- -8.84%
- 6M
- 5.69%
- 1Y
- 76.87%
- 3Y*
- 38.76%
- 5Y*
- 16.68%
- 10Y*
- 12.48%
CLIQ.DE
- 1D
- 0.44%
- 1M
- 0.49%
- YTD
- 162.32%
- 6M
- 142.98%
- 1Y
- -36.67%
- 3Y*
- -44.65%
- 5Y*
- -31.06%
- 10Y*
- 5.38%
PSLV vs. CLIQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | -8.84% | 145.08% | 19.43% | -1.94% | 2.74% | -14.13% | 42.81% | 16.99% | -11.83% | 4.28% |
CLIQ.DE Cliq Digital AG | 162.32% | -65.99% | -77.94% | -13.45% | 0.54% | 38.82% | 544.60% | 66.01% | -79.96% | 81.25% |
Correlation
The correlation between PSLV and CLIQ.DE is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2010 | 0.09 |
The correlation between PSLV and CLIQ.DE shifts across timeframes, from -0.13 (1 year) to 0.10 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSLV vs. CLIQ.DE — Risk / Return Rank
PSLV
CLIQ.DE
PSLV vs. CLIQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and Cliq Digital AG (CLIQ.DE). 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 | CLIQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.00 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | -0.50 | +2.22 |
| Martin ratioReturn relative to average drawdown | 3.95 | -0.70 | +4.65 |
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Drawdowns
PSLV vs. CLIQ.DE - Drawdown Comparison
The maximum PSLV drawdown since its inception was -79.38%, smaller than the maximum CLIQ.DE drawdown of -96.24%. Use the drawdown chart below to compare losses from any high point for PSLV and CLIQ.DE.
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Drawdown Indicators
| PSLV | CLIQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.38% | -96.24% | +16.86% |
Max Drawdown (1Y)Largest decline over 1 year | -44.86% | -76.96% | +32.10% |
Max Drawdown (3Y)Largest decline over 3 years | -44.86% | -94.27% | +49.41% |
Max Drawdown (5Y)Largest decline over 5 years | -44.86% | -94.99% | +50.13% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | -96.24% | +51.38% |
Current DrawdownCurrent decline from peak | -40.70% | -89.85% | +49.15% |
Average DrawdownAverage peak-to-trough decline | -58.11% | -60.17% | +2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.49% | 54.48% | -34.99% |
Volatility
PSLV vs. CLIQ.DE - Volatility Comparison
Sprott Physical Silver Trust (PSLV) has a higher volatility of 16.98% compared to Cliq Digital AG (CLIQ.DE) at 4.61%. This indicates that PSLV's price experiences larger fluctuations and is considered to be riskier than CLIQ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSLV | CLIQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.98% | 4.61% | +12.37% |
Volatility (6M)Calculated over the trailing 6-month period | 58.26% | 81.99% | -23.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.54% | 108.40% | -48.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.99% | 76.37% | -40.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.33% | 70.14% | -38.81% |
Dividends
PSLV vs. CLIQ.DE - Dividend Comparison
PSLV has not paid dividends to shareholders, while CLIQ.DE's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CLIQ.DE Cliq Digital AG | 1.10% | 5.84% | 0.86% | 9.00% | 4.37% | 1.86% | 1.69% |
PSLV Sprott Physical Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSLV and CLIQ.DE have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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