PSLV vs. XAGH.TO
PSLV (Sprott Physical Silver Trust) and XAGH.TO (iShares U.S. Aggregate Bond Index ETF (CAD-Hedged)) are both exchange-traded funds - PSLV is a Silver fund tracking the No Index (Physical Silver), while XAGH.TO is a Total Bond Market fund tracking the Bloomberg US Aggregate Bond Index (CAD-Hedged). Both are passively managed. Over the past 3 years, PSLV returned 42.33%/yr vs 1.27%/yr for XAGH.TO. At a 0.27 correlation, their price movements are largely independent. PSLV charges 0.51%/yr vs 0.18%/yr for XAGH.TO.
Performance
PSLV vs. XAGH.TO - Performance Comparison
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Different Trading Currencies
PSLV is traded in USD, while XAGH.TO is traded in CAD. To make them comparable, the XAGH.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, PSLV achieves a -0.89% return, which is significantly higher than XAGH.TO's -1.75% return.
PSLV
- 1D
- 0.90%
- 1M
- -0.64%
- YTD
- -0.89%
- 6M
- 23.11%
- 1Y
- 102.24%
- 3Y*
- 42.33%
- 5Y*
- 18.65%
- 10Y*
- 14.02%
XAGH.TO
- 1D
- 0.01%
- 1M
- -2.07%
- YTD
- -1.75%
- 6M
- -0.16%
- 1Y
- 0.92%
- 3Y*
- 1.27%
- 5Y*
- —
- 10Y*
- —
PSLV vs. XAGH.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | -0.89% | 145.08% | 19.43% | -1.94% | 2.74% | -5.65% |
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) | -1.75% | 10.29% | -8.05% | 6.65% | -17.14% | -4.43% |
Correlation
The correlation between PSLV and XAGH.TO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2021 | 0.27 |
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Return for Risk
PSLV vs. XAGH.TO — Risk / Return Rank
PSLV
XAGH.TO
PSLV vs. XAGH.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO). 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 | XAGH.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.03 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.53 | 0.21 | +2.32 |
| Martin ratioReturn relative to average drawdown | 5.58 | 0.52 | +5.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSLV | XAGH.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.14 | +1.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | — | — |
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 | -0.46 | +0.63 |
Drawdowns
PSLV vs. XAGH.TO - Drawdown Comparison
The maximum PSLV drawdown since its inception was -79.38%, which is greater than XAGH.TO's maximum drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for PSLV and XAGH.TO.
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Drawdown Indicators
| PSLV | XAGH.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.38% | -25.54% | -53.84% |
Max Drawdown (1Y)Largest decline over 1 year | -40.65% | -4.42% | -36.23% |
Max Drawdown (3Y)Largest decline over 3 years | -40.65% | -11.24% | -29.41% |
Max Drawdown (5Y)Largest decline over 5 years | -40.65% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -42.79% | — | — |
Current DrawdownCurrent decline from peak | -35.53% | -15.85% | -19.68% |
Average DrawdownAverage peak-to-trough decline | -58.15% | -17.37% | -40.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 1.78% | +16.60% |
Volatility
PSLV vs. XAGH.TO - Volatility Comparison
Sprott Physical Silver Trust (PSLV) has a higher volatility of 16.60% compared to iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) (XAGH.TO) at 2.09%. This indicates that PSLV's price experiences larger fluctuations and is considered to be riskier than XAGH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSLV | XAGH.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.60% | 2.09% | +14.51% |
Volatility (6M)Calculated over the trailing 6-month period | 57.34% | 4.78% | +52.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.49% | 6.89% | +51.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.64% | 11.98% | +23.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.14% | 11.98% | +19.16% |
PSLV vs. XAGH.TO - Expense Ratio Comparison
PSLV has a 0.51% expense ratio, which is higher than XAGH.TO's 0.18% expense ratio.
Dividends
PSLV vs. XAGH.TO - Dividend Comparison
PSLV has not paid dividends to shareholders, while XAGH.TO's dividend yield for the trailing twelve months is around 4.00%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XAGH.TO iShares U.S. Aggregate Bond Index ETF (CAD-Hedged) | 4.00% | 3.78% | 3.51% | 3.05% | 1.91% | 0.42% |
Frequently Asked Questions
PSLV and XAGH.TO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XAGH.TO is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XAGH.TO is cheaper with a 0.18% expense ratio, compared with 0.51% for PSLV.
PSLV is categorized as Silver, while XAGH.TO is Total Bond Market. PSLV tracks No Index (Physical Silver), while XAGH.TO tracks Bloomberg US Aggregate Bond Index (CAD-Hedged). They also come from different issuers: Sprott and iShares. Their fees differ too: 0.51% for PSLV and 0.18% for XAGH.TO.
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