PSLV vs. GLD
Compare and contrast key facts about Sprott Physical Silver Trust (PSLV) and SPDR Gold Trust (GLD).
GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSLV or GLD.
Key characteristics
| PSLV | GLD | |
|---|---|---|
| YTD Return | 30.94% | 29.71% |
| 1Y Return | 37.76% | 36.62% |
| 3Y Return (Ann) | 7.63% | 13.16% |
| 5Y Return (Ann) | 11.41% | 12.56% |
| 10Y Return (Ann) | 5.18% | 8.29% |
| Sharpe Ratio | 1.23 | 2.55 |
| Sortino Ratio | 1.82 | 3.37 |
| Omega Ratio | 1.22 | 1.44 |
| Calmar Ratio | 0.57 | 5.01 |
| Martin Ratio | 5.45 | 16.89 |
| Ulcer Index | 6.99% | 2.20% |
| Daily Std Dev | 30.94% | 14.57% |
| Max Drawdown | -79.38% | -45.56% |
| Current Drawdown | -52.15% | -3.70% |
Correlation
The correlation between PSLV and GLD is 0.78, 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. GLD - Performance Comparison
The year-to-date returns for both stocks are quite close, with PSLV having a 30.94% return and GLD slightly lower at 29.71%. Over the past 10 years, PSLV has underperformed GLD with an annualized return of 5.18%, while GLD has yielded a comparatively higher 8.29% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PSLV vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
Neither PSLV nor GLD has paid dividends to shareholders.
Drawdowns
PSLV vs. GLD - Drawdown Comparison
The maximum PSLV drawdown since its inception was -79.38%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for PSLV and GLD. For additional features, visit the drawdowns tool.
Volatility
PSLV vs. GLD - Volatility Comparison
Sprott Physical Silver Trust (PSLV) has a higher volatility of 10.49% compared to SPDR Gold Trust (GLD) at 4.89%. This indicates that PSLV's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.