PSLV vs. GOLD

Last updated Jun 4, 2026

PSLV (Sprott Physical Silver Trust) is Silver fund tracking the No Index (Physical Silver), while GOLD (Barrick Mining Corporation) is a stock. At a 0.40 correlation, their price movements are largely independent.

Performance

PSLV vs. GOLD - Performance Comparison

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

Returns By Period

In the year-to-date period, PSLV achieves a -1.78% return, which is significantly lower than GOLD's 16.19% return.

PSLV

• 1D: -2.76%
• 1M: -1.61%
• YTD: -1.78%
• 6M: 18.46%
• 1Y: 100.09%
• 3Y*: 41.73%
• 5Y*: 18.43%
• 10Y*: 13.97%

GOLD

• 1D: -1.97%
• 1M: -7.53%
• YTD: 16.19%
• 6M: 26.08%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSLV vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
PSLV Sprott Physical Silver Trust	-1.78%	20.60%
GOLD Barrick Mining Corporation	16.19%	14.34%

Correlation

The correlation between PSLV and GOLD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.40

Fundamentals

Market Cap PSLV : $14.73B GOLD : $1.04B
EPS PSLV : $13.57 GOLD : $3.06
PE Ratio PSLV : 1.71 GOLD : 12.81
PS Ratio PSLV : 218.98 GOLD : 0.04
PB Ratio PSLV : 0.90 GOLD : 1.22
Total Revenue (TTM) PSLV : $64.19M GOLD : $23.02B
Gross Profit (TTM) PSLV : $404.67M GOLD : $169.58M
EBITDA (TTM) PSLV : $8.21B GOLD : -$162.41M

Return for Risk

PSLV vs. GOLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSLV

PSLV Risk / Return Rank: 79
PSLV Sharpe Ratio Rank: 84
PSLV Sortino Ratio Rank: 74
PSLV Omega Ratio Rank: 81
PSLV Calmar Ratio Rank: 78
PSLV Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSLV vs. GOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and Barrick Mining Corporation (GOLD). 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.

	PSLV	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	1.72	—	—
Sortino ratio: Return per unit of downside risk	1.96	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.48	—	—
Martin ratio: Return relative to average drawdown	5.50	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PSLV	GOLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	1.32	-1.15

Drawdowns

PSLV vs. GOLD - Drawdown Comparison

The maximum PSLV drawdown since its inception was -79.38%, which is greater than GOLD's maximum drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for PSLV and GOLD.

Drawdown Indicators

	PSLV	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-79.38%	-40.58%	-38.80%
Max Drawdown (1Y) Largest decline over 1 year	-40.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-40.65%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-40.65%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.79%	—	—
Current Drawdown Current decline from peak	-36.11%	-38.32%	+2.21%
Average Drawdown Average peak-to-trough decline	-58.15%	-17.25%	-40.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.25%	—	—

Volatility

Volatility by Period

	PSLV	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	57.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.49%	58.82%	-0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.64%	58.82%	-23.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.14%	58.82%	-27.68%

Dividends

PSLV vs. GOLD - Dividend Comparison

PSLV has not paid dividends to shareholders, while GOLD's dividend yield for the trailing twelve months is around 1.02%.

Position	TTM
GOLD Barrick Mining Corporation	1.02%
PSLV Sprott Physical Silver Trust	0.00%

Frequently Asked Questions

Can I hold both PSLV and GOLD in my portfolio?

PSLV and GOLD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.