PSLV vs. GDX
Compare and contrast key facts about Sprott Physical Silver Trust (PSLV) and VanEck Vectors Gold Miners ETF (GDX).
GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSLV or GDX.
Correlation
The correlation between PSLV and GDX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PSLV vs. GDX - Performance Comparison
Key characteristics
PSLV:
0.70
GDX:
0.39
PSLV:
1.17
GDX:
0.74
PSLV:
1.14
GDX:
1.09
PSLV:
0.33
GDX:
0.22
PSLV:
3.05
GDX:
1.38
PSLV:
7.09%
GDX:
8.98%
PSLV:
30.77%
GDX:
31.99%
PSLV:
-79.38%
GDX:
-80.57%
PSLV:
-55.40%
GDX:
-41.78%
Returns By Period
In the year-to-date period, PSLV achieves a 22.03% return, which is significantly higher than GDX's 11.35% return. Over the past 10 years, PSLV has underperformed GDX with an annualized return of 4.78%, while GDX has yielded a comparatively higher 7.44% annualized return.
PSLV
22.03%
-5.65%
-0.70%
20.39%
9.47%
4.78%
GDX
11.35%
-6.73%
2.46%
9.45%
6.29%
7.44%
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Risk-Adjusted Performance
PSLV vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
PSLV vs. GDX - Dividend Comparison
Neither PSLV nor GDX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSLV 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% |
GDX VanEck Vectors Gold Miners ETF | 0.00% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
PSLV vs. GDX - Drawdown Comparison
The maximum PSLV drawdown since its inception was -79.38%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for PSLV and GDX. For additional features, visit the drawdowns tool.
Volatility
PSLV vs. GDX - Volatility Comparison
The current volatility for Sprott Physical Silver Trust (PSLV) is 7.26%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 9.69%. This indicates that PSLV experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.