RGPM.NEO vs. SBT.TO

Last updated Jun 5, 2026

RGPM.NEO (RBC Global Precious Metals Fund) and SBT.TO (Purpose Silver Bullion Fund) are both exchange-traded funds - RGPM.NEO is a Precious Metals fund actively managed by RBC Global Asset Management., while SBT.TO is a Silver fund tracking the LBMA Silver Price. RGPM.NEO is actively managed, while SBT.TO is passively managed. Over the past 3 years, RGPM.NEO returned 45.86%/yr vs 42.76%/yr for SBT.TO. At a 0.44 correlation, their price movements are largely independent. RGPM.NEO charges 1.02%/yr vs 0.36%/yr for SBT.TO.

Performance

RGPM.NEO vs. SBT.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in RBC Global Precious Metals Fund (RGPM.NEO) and Purpose Silver Bullion Fund (SBT.TO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RGPM.NEO having a 2.68% return and SBT.TO slightly lower at 2.63%.

RGPM.NEO

• 1D: 1.32%
• 1M: 2.09%
• YTD: 2.68%
• 6M: 9.50%
• 1Y: 62.65%
• 3Y*: 45.86%
• 5Y*: —
• 10Y*: —

SBT.TO

• 1D: 0.38%
• 1M: 0.85%
• YTD: 2.63%
• 6M: 26.91%
• 1Y: 106.59%
• 3Y*: 42.76%
• 5Y*: 18.93%
• 10Y*: 13.88%

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

RGPM.NEO vs. SBT.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RGPM.NEO RBC Global Precious Metals Fund	2.68%	143.89%	36.75%	-3.95%
SBT.TO Purpose Silver Bullion Fund	2.63%	137.07%	18.55%	13.17%

Correlation

The correlation between RGPM.NEO and SBT.TO is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Mar 6, 2023	0.44

Over the past year, RGPM.NEO and SBT.TO have become more correlated (0.68) than their long-term average of 0.44, meaning their price movements have been converging.

Return for Risk

RGPM.NEO vs. SBT.TO — Risk / Return Rank

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

RGPM.NEO

RGPM.NEO Risk / Return Rank: 41
RGPM.NEO Sharpe Ratio Rank: 42
RGPM.NEO Sortino Ratio Rank: 36
RGPM.NEO Omega Ratio Rank: 44
RGPM.NEO Calmar Ratio Rank: 44
RGPM.NEO Martin Ratio Rank: 37

SBT.TO

SBT.TO Risk / Return Rank: 48
SBT.TO Sharpe Ratio Rank: 54
SBT.TO Sortino Ratio Rank: 40
SBT.TO Omega Ratio Rank: 57
SBT.TO Calmar Ratio Rank: 51
SBT.TO Martin Ratio Rank: 35

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.

RGPM.NEO vs. SBT.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC Global Precious Metals Fund (RGPM.NEO) and Purpose Silver Bullion Fund (SBT.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.

	RGPM.NEO	SBT.TO	Difference
Sharpe ratio: Return per unit of total volatility	1.46	1.82	-0.35
Sortino ratio: Return per unit of downside risk	1.84	2.04	-0.20
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.14	2.51	-0.37
Martin ratio: Return relative to average drawdown	5.76	5.36	+0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RGPM.NEO vs. SBT.TO - Sharpe Ratio Comparison

The current RGPM.NEO Sharpe Ratio is 1.46, which is comparable to the SBT.TO Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of RGPM.NEO and SBT.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RGPM.NEO	SBT.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	1.82	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.21	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.36	0.21	+1.15

Drawdowns

RGPM.NEO vs. SBT.TO - Drawdown Comparison

The maximum RGPM.NEO drawdown since its inception was -29.46%, smaller than the maximum SBT.TO drawdown of -47.82%. Use the drawdown chart below to compare losses from any high point for RGPM.NEO and SBT.TO.

Drawdown Indicators

	RGPM.NEO	SBT.TO	Difference
Max Drawdown Largest peak-to-trough decline	-29.46%	-47.82%	+18.36%
Max Drawdown (1Y) Largest decline over 1 year	-29.46%	-42.69%	+13.23%
Max Drawdown (3Y) Largest decline over 3 years	-29.46%	-42.69%	+13.23%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.69%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.82%	—
Current Drawdown Current decline from peak	-22.85%	-37.23%	+14.38%
Average Drawdown Average peak-to-trough decline	-8.39%	-16.92%	+8.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.91%	19.98%	-9.07%

Volatility

RGPM.NEO vs. SBT.TO - Volatility Comparison

The current volatility for RBC Global Precious Metals Fund (RGPM.NEO) is 16.12%, while Purpose Silver Bullion Fund (SBT.TO) has a volatility of 17.20%. This indicates that RGPM.NEO experiences smaller price fluctuations and is considered to be less risky than SBT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RGPM.NEO	SBT.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.12%	17.20%	-1.08%
Volatility (6M) Calculated over the trailing 6-month period	35.57%	57.92%	-22.35%
Volatility (1Y) Calculated over the trailing 1-year period	42.99%	59.00%	-16.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.71%	36.64%	-3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.71%	66.57%	-33.86%

RGPM.NEO vs. SBT.TO - Expense Ratio Comparison

RGPM.NEO has a 1.02% expense ratio, which is higher than SBT.TO's 0.36% expense ratio.

Dividends

RGPM.NEO vs. SBT.TO - Dividend Comparison

Neither RGPM.NEO nor SBT.TO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both RGPM.NEO and SBT.TO in my portfolio?

RGPM.NEO and SBT.TO have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RGPM.NEO or SBT.TO?

On fees, SBT.TO is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RGPM.NEO or SBT.TO?

SBT.TO is cheaper with a 0.36% expense ratio, compared with 1.02% for RGPM.NEO.

What is the main difference between RGPM.NEO and SBT.TO?

RGPM.NEO is categorized as Precious Metals, while SBT.TO is Silver. They also come from different issuers: RBC Global Asset Management. and Purpose Investments. Their fees differ too: 1.02% for RGPM.NEO and 0.36% for SBT.TO.