SBT.TO vs. MNS.TO
Compare and contrast key facts about Purpose Silver Bullion Fund (SBT.TO) and Royal Canadian Mint - Canadian Silver Reserves (MNS.TO).
SBT.TO and MNS.TO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBT.TO is a passively managed fund by Purpose Investments that tracks the performance of the N/A (Physical Bullion). It was launched on May 25, 2016. MNS.TO is a passively managed fund by Royal Canadian Mint that tracks the performance of the N/A (Physical Bullion). It was launched on Oct 29, 2012. Both SBT.TO and MNS.TO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SBT.TO vs. MNS.TO - Performance Comparison
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SBT.TO vs. MNS.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBT.TO Purpose Silver Bullion Fund | 5.57% | 137.07% | 18.55% | -0.86% | 1.99% | -13.18% | 48.01% | 13.31% | -12.82% | -17.07% |
MNS.TO Royal Canadian Mint - Canadian Silver Reserves | -7.47% | 161.12% | 41.73% | -5.85% | 5.27% | -15.46% | 45.70% | 9.85% | -1.65% | -1.63% |
Returns By Period
In the year-to-date period, SBT.TO achieves a 5.57% return, which is significantly higher than MNS.TO's -7.47% return.
SBT.TO
- 1D
- 7.22%
- 1M
- -18.70%
- YTD
- 5.57%
- 6M
- 59.78%
- 1Y
- 112.02%
- 3Y*
- 43.13%
- 5Y*
- 23.29%
- 10Y*
- —
MNS.TO
- 1D
- 3.58%
- 1M
- -19.21%
- YTD
- -7.47%
- 6M
- 41.80%
- 1Y
- 105.96%
- 3Y*
- 44.20%
- 5Y*
- 25.15%
- 10Y*
- 17.15%
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SBT.TO vs. MNS.TO - Expense Ratio Comparison
SBT.TO has a 0.36% expense ratio, which is lower than MNS.TO's 0.45% expense ratio.
Return for Risk
SBT.TO vs. MNS.TO — Risk / Return Rank
SBT.TO
MNS.TO
SBT.TO vs. MNS.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Silver Bullion Fund (SBT.TO) and Royal Canadian Mint - Canadian Silver Reserves (MNS.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.
| SBT.TO | MNS.TO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.98 | 2.04 | -0.06 |
Sortino ratioReturn per unit of downside risk | 2.13 | 2.16 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.76 | -0.12 |
Martin ratioReturn relative to average drawdown | 8.25 | 8.75 | -0.50 |
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
| SBT.TO | MNS.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.98 | 2.04 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.80 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.30 | -0.08 |
Correlation
The correlation between SBT.TO and MNS.TO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SBT.TO vs. MNS.TO - Dividend Comparison
Neither SBT.TO nor MNS.TO has paid dividends to shareholders.
Drawdowns
SBT.TO vs. MNS.TO - Drawdown Comparison
The maximum SBT.TO drawdown since its inception was -47.82%, smaller than the maximum MNS.TO drawdown of -51.12%. Use the drawdown chart below to compare losses from any high point for SBT.TO and MNS.TO.
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Drawdown Indicators
| SBT.TO | MNS.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.82% | -51.12% | +3.30% |
Max Drawdown (1Y)Largest decline over 1 year | -42.69% | -38.31% | -4.38% |
Max Drawdown (5Y)Largest decline over 5 years | -42.69% | -38.31% | -4.38% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.02% | — |
Current DrawdownCurrent decline from peak | -35.43% | -31.29% | -4.14% |
Average DrawdownAverage peak-to-trough decline | -16.60% | -28.13% | +11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.68% | 12.10% | +1.58% |
Volatility
SBT.TO vs. MNS.TO - Volatility Comparison
Purpose Silver Bullion Fund (SBT.TO) has a higher volatility of 19.32% compared to Royal Canadian Mint - Canadian Silver Reserves (MNS.TO) at 17.10%. This indicates that SBT.TO's price experiences larger fluctuations and is considered to be riskier than MNS.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SBT.TO | MNS.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.32% | 17.10% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 57.11% | 51.48% | +5.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.02% | 52.29% | +4.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.62% | 33.79% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.79% | 31.65% | +35.14% |