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PSLV vs. GLD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

PSLV vs. GLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Silver Trust (PSLV) and SPDR Gold Trust (GLD). The values are adjusted to include any dividend payments, if applicable.

-20.00%-10.00%0.00%10.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-2.23%
8.48%
PSLV
GLD

Returns By Period

In the year-to-date period, PSLV achieves a 30.20% return, which is significantly higher than GLD's 27.24% return. Over the past 10 years, PSLV has underperformed GLD with an annualized return of 4.80%, while GLD has yielded a comparatively higher 7.76% annualized return.


PSLV

YTD

30.20%

1M

-6.82%

6M

-2.23%

1Y

31.83%

5Y (annualized)

10.98%

10Y (annualized)

4.80%

GLD

YTD

27.24%

1M

-3.19%

6M

8.48%

1Y

32.66%

5Y (annualized)

12.04%

10Y (annualized)

7.76%

Key characteristics


PSLVGLD
Sharpe Ratio0.982.18
Sortino Ratio1.522.92
Omega Ratio1.181.38
Calmar Ratio0.463.99
Martin Ratio4.1813.04
Ulcer Index7.27%2.49%
Daily Std Dev30.94%14.87%
Max Drawdown-79.38%-45.56%
Current Drawdown-52.42%-5.53%

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Correlation

-0.50.00.51.00.8

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.

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.


Sharpe ratio
The chart of Sharpe ratio for PSLV, currently valued at 0.98, compared to the broader market-4.00-2.000.002.004.000.982.18
The chart of Sortino ratio for PSLV, currently valued at 1.52, compared to the broader market-4.00-2.000.002.004.001.522.92
The chart of Omega ratio for PSLV, currently valued at 1.18, compared to the broader market0.501.001.502.001.181.38
The chart of Calmar ratio for PSLV, currently valued at 0.46, compared to the broader market0.002.004.006.000.463.99
The chart of Martin ratio for PSLV, currently valued at 4.18, compared to the broader market-10.000.0010.0020.0030.004.1813.04
PSLV
GLD

The current PSLV Sharpe Ratio is 0.98, which is lower than the GLD Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of PSLV and GLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JuneJulyAugustSeptemberOctoberNovember
0.98
2.18
PSLV
GLD

Dividends

PSLV vs. GLD - Dividend Comparison

Neither PSLV nor GLD has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-52.42%
-5.53%
PSLV
GLD

Volatility

PSLV vs. GLD - Volatility Comparison

Sprott Physical Silver Trust (PSLV) has a higher volatility of 9.53% compared to SPDR Gold Trust (GLD) at 5.73%. 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.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JuneJulyAugustSeptemberOctoberNovember
9.53%
5.73%
PSLV
GLD