PSLV vs. NE
PSLV (Sprott Physical Silver Trust) is Silver fund tracking the No Index (Physical Silver), while NE (Noble Corporation) is a stock. Over the past 5 years, PSLV returned 16.68%/yr vs 17.16%/yr for NE. At a 0.21 correlation, their price movements are largely independent.
Performance
PSLV vs. NE - Performance Comparison
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Returns By Period
In the year-to-date period, PSLV achieves a -8.84% return, which is significantly lower than NE's 69.84% 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%
NE
- 1D
- 1.73%
- 1M
- -10.32%
- YTD
- 69.84%
- 6M
- 61.33%
- 1Y
- 70.26%
- 3Y*
- 13.81%
- 5Y*
- 17.16%
- 10Y*
- —
PSLV vs. NE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | -8.84% | 145.08% | 19.43% | -1.94% | 2.74% | -18.91% |
NE Noble Corporation | 69.84% | -3.21% | -31.57% | 29.54% | 52.00% | 1.27% |
Correlation
The correlation between PSLV and NE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021 | 0.21 |
Fundamentals
PSLV:
$14.73B
NE:
$7.55B
PSLV:
$13.57
NE:
$1.43
PSLV:
1.71
NE:
32.85
PSLV:
0.00
NE:
8.94
PSLV:
218.98
NE:
2.35
PSLV:
0.90
NE:
1.65
PSLV:
$64.19M
NE:
$3.20B
PSLV:
$404.67M
NE:
$716.15M
PSLV:
$8.21B
NE:
$1.11B
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Return for Risk
PSLV vs. NE — Risk / Return Rank
PSLV
NE
PSLV vs. NE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and Noble Corporation (NE). 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 | NE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.72 | 4.28 | -2.56 |
| Martin ratioReturn relative to average drawdown | 3.95 | 9.03 | -5.08 |
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Drawdowns
PSLV vs. NE - Drawdown Comparison
The maximum PSLV drawdown since its inception was -79.38%, which is greater than NE's maximum drawdown of -63.16%. Use the drawdown chart below to compare losses from any high point for PSLV and NE.
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Drawdown Indicators
| PSLV | NE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.38% | -63.16% | -16.22% |
Max Drawdown (1Y)Largest decline over 1 year | -44.86% | -16.56% | -28.30% |
Max Drawdown (3Y)Largest decline over 3 years | -44.86% | -63.16% | +18.30% |
Max Drawdown (5Y)Largest decline over 5 years | -44.86% | -63.16% | +18.30% |
Max Drawdown (10Y)Largest decline over 10 years | -44.86% | — | — |
Current DrawdownCurrent decline from peak | -40.70% | -12.75% | -27.95% |
Average DrawdownAverage peak-to-trough decline | -58.11% | -19.49% | -38.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.49% | 7.83% | +11.66% |
Volatility
PSLV vs. NE - Volatility Comparison
Sprott Physical Silver Trust (PSLV) has a higher volatility of 16.98% compared to Noble Corporation (NE) at 10.86%. This indicates that PSLV's price experiences larger fluctuations and is considered to be riskier than NE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSLV | NE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.98% | 10.86% | +6.12% |
Volatility (6M)Calculated over the trailing 6-month period | 58.26% | 29.03% | +29.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.54% | 40.86% | +18.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.99% | 43.44% | -7.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.33% | 43.39% | -12.06% |
Dividends
PSLV vs. NE - Dividend Comparison
PSLV has not paid dividends to shareholders, while NE's dividend yield for the trailing twelve months is around 4.26%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NE Noble Corporation | 4.26% | 7.08% | 5.73% | 1.45% |
PSLV Sprott Physical Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSLV and NE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSLV has higher volatility (16.98%) compared to NE (10.86%). In terms of maximum drawdown, PSLV dropped -79.38% vs NE's -63.16%.
NE currently has the higher Sharpe Ratio (1.73 vs 1.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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