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PSLV vs. ^TNX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Performance

PSLV vs. ^TNX - Performance Comparison

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

-15.00%-10.00%-5.00%0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
-2.23%
0
PSLV
^TNX

Returns By Period

In the year-to-date period, PSLV achieves a 30.20% return, which is significantly higher than ^TNX's 14.17% return. Over the past 10 years, PSLV has underperformed ^TNX with an annualized return of 4.80%, while ^TNX has yielded a comparatively higher 6.69% annualized return.


PSLV

YTD

30.20%

1M

-6.82%

6M

-2.23%

1Y

31.83%

5Y (annualized)

10.98%

10Y (annualized)

4.80%

^TNX

YTD

14.17%

1M

8.37%

6M

-0.00%

1Y

-0.18%

5Y (annualized)

20.13%

10Y (annualized)

6.69%

Key characteristics


PSLV^TNX
Sharpe Ratio0.98-0.03
Sortino Ratio1.520.12
Omega Ratio1.181.01
Calmar Ratio0.46-0.01
Martin Ratio4.18-0.06
Ulcer Index7.27%11.00%
Daily Std Dev30.94%22.98%
Max Drawdown-79.38%-93.78%
Current Drawdown-52.42%-44.98%

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Correlation

-0.50.00.51.0-0.1

The correlation between PSLV and ^TNX is -0.14. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

PSLV vs. ^TNX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Silver Trust (PSLV) and Treasury Yield 10 Years (^TNX). 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-4.00-2.000.002.004.000.98-0.03
The chart of Sortino ratio for PSLV, currently valued at 1.52, compared to the broader market-4.00-2.000.002.004.001.520.13
The chart of Omega ratio for PSLV, currently valued at 1.18, compared to the broader market0.501.001.502.001.181.01
The chart of Calmar ratio for PSLV, currently valued at 0.46, compared to the broader market0.002.004.006.000.46-0.02
The chart of Martin ratio for PSLV, currently valued at 4.18, compared to the broader market-10.000.0010.0020.0030.004.18-0.06
PSLV
^TNX

The current PSLV Sharpe Ratio is 0.98, which is higher than the ^TNX Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of PSLV and ^TNX, 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 Ratio-1.00-0.500.000.501.001.50JuneJulyAugustSeptemberOctoberNovember
0.98
-0.03
PSLV
^TNX

Drawdowns

PSLV vs. ^TNX - Drawdown Comparison

The maximum PSLV drawdown since its inception was -79.38%, smaller than the maximum ^TNX drawdown of -93.78%. Use the drawdown chart below to compare losses from any high point for PSLV and ^TNX. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%JuneJulyAugustSeptemberOctoberNovember
-52.42%
-11.51%
PSLV
^TNX

Volatility

PSLV vs. ^TNX - Volatility Comparison

Sprott Physical Silver Trust (PSLV) has a higher volatility of 9.53% compared to Treasury Yield 10 Years (^TNX) at 5.68%. This indicates that PSLV's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%14.00%JuneJulyAugustSeptemberOctoberNovember
9.53%
5.68%
PSLV
^TNX