PSLV vs. WEEK

Last updated Jun 24, 2026

PSLV (Sprott Physical Silver Trust) and WEEK (Roundhill Weekly T-Bill ETF) are both exchange-traded funds - PSLV is a Silver fund tracking the No Index (Physical Silver), while WEEK is a Ultrashort Bond fund actively managed by Roundhill. PSLV is passively managed, while WEEK is actively managed. Over the past year, PSLV returned 58.69% vs 3.72% for WEEK. At a correlation of -0.07, they often move in opposite directions. PSLV charges 0.51%/yr vs 0.19%/yr for WEEK.

Performance

PSLV vs. WEEK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Silver Trust (PSLV) and Roundhill Weekly T-Bill ETF (WEEK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSLV achieves a -17.80% return, which is significantly lower than WEEK's 1.56% return.

PSLV

• 1D: -5.68%
• 1M: -19.80%
• YTD: -17.80%
• 6M: -18.11%
• 1Y: 58.69%
• 3Y*: 36.40%
• 5Y*: 16.01%
• 10Y*: 11.08%

WEEK

• 1D: -0.09%
• 1M: 0.24%
• YTD: 1.56%
• 6M: 1.70%
• 1Y: 3.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSLV vs. WEEK - Yearly Performance Comparison

	2026 (YTD)	2025
PSLV Sprott Physical Silver Trust	-17.80%	113.26%
WEEK Roundhill Weekly T-Bill ETF	1.56%	3.37%

Correlation

The correlation between PSLV and WEEK is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025	-0.07

Return for Risk

PSLV vs. WEEK — Risk / Return Rank

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

PSLV

PSLV Risk / Return Rank: 28
PSLV Sharpe Ratio Rank: 28
PSLV Sortino Ratio Rank: 26
PSLV Omega Ratio Rank: 34
PSLV Calmar Ratio Rank: 26
PSLV Martin Ratio Rank: 23

WEEK

WEEK Risk / Return Rank: 99
WEEK Sharpe Ratio Rank: 99
WEEK Sortino Ratio Rank: 99
WEEK Omega Ratio Rank: 99
WEEK Calmar Ratio Rank: 99
WEEK Martin Ratio Rank: 99

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. WEEK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and Roundhill Weekly T-Bill ETF (WEEK). 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	WEEK	Difference
Sharpe ratio: Return per unit of total volatility	0.98	8.53	-7.55
Sortino ratio: Return per unit of downside risk	1.41	16.60	-15.19
Omega ratio: Gain probability vs. loss probability	1.22	4.07	-2.85
Calmar ratio: Return relative to maximum drawdown	1.27	28.78	-27.51
Martin ratio: Return relative to average drawdown	2.87	233.16	-230.29

PSLV vs. WEEK - Sharpe Ratio Comparison

The current PSLV Sharpe Ratio is 0.98, which is lower than the WEEK Sharpe Ratio of 8.53. The chart below compares the historical Sharpe Ratios of PSLV and WEEK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSLV vs. WEEK - Drawdown Comparison

The maximum PSLV drawdown since its inception was -79.38%, which is greater than WEEK's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for PSLV and WEEK.

Drawdown Indicators

	PSLV	WEEK	Difference
Max Drawdown Largest peak-to-trough decline	-79.38%	-0.13%	-79.25%
Max Drawdown (1Y) Largest decline over 1 year	-46.53%	-0.13%	-46.40%
Max Drawdown (3Y) Largest decline over 3 years	-46.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.53%	—	—
Current Drawdown Current decline from peak	-46.53%	-0.09%	-46.44%
Average Drawdown Average peak-to-trough decline	-58.08%	-0.01%	-58.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	20.53%	0.02%	+20.51%

Volatility

PSLV vs. WEEK - Volatility Comparison

Sprott Physical Silver Trust (PSLV) has a higher volatility of 14.94% compared to Roundhill Weekly T-Bill ETF (WEEK) at 0.16%. This indicates that PSLV's price experiences larger fluctuations and is considered to be riskier than WEEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSLV	WEEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.94%	0.16%	+14.78%
Volatility (6M) Calculated over the trailing 6-month period	58.49%	0.29%	+58.20%
Volatility (1Y) Calculated over the trailing 1-year period	60.09%	0.44%	+59.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.15%	0.40%	+35.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.42%	0.40%	+31.02%

PSLV vs. WEEK - Expense Ratio Comparison

PSLV has a 0.51% expense ratio, which is higher than WEEK's 0.19% expense ratio.

Dividends

PSLV vs. WEEK - Dividend Comparison

PSLV has not paid dividends to shareholders, while WEEK's dividend yield for the trailing twelve months is around 3.70%.

Position	TTM	2025
PSLV Sprott Physical Silver Trust	0.00%	0.00%
WEEK Roundhill Weekly T-Bill ETF	3.70%	3.27%

Frequently Asked Questions

Can I hold both PSLV and WEEK in my portfolio?

PSLV and WEEK have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSLV or WEEK?

PSLV has higher volatility (14.94%) compared to WEEK (0.16%). In terms of maximum drawdown, PSLV dropped -79.38% vs WEEK's -0.13%.

Which ETF is better, PSLV or WEEK?

On 1-year performance, PSLV leads with 58.69% vs 3.72% for WEEK. On fees, WEEK is cheaper at 0.19% per year. On volatility, WEEK has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSLV or WEEK?

Over the 1-year period, PSLV has performed better with a 58.69% return vs 3.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSLV or WEEK?

WEEK is cheaper with a 0.19% expense ratio, compared with 0.51% for PSLV.

Which ETF pays a higher dividend yield, PSLV or WEEK?

WEEK has the higher dividend yield at 3.70%, compared with 0.00% for PSLV.

What is the main difference between PSLV and WEEK?

PSLV is categorized as Silver, while WEEK is Ultrashort Bond. They also come from different issuers: Sprott and Roundhill. Their fees differ too: 0.51% for PSLV and 0.19% for WEEK.

Which has better risk-adjusted returns?

WEEK currently has the higher Sharpe Ratio (8.53 vs 0.98), 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.