SBT.TO vs. YAMZ.NEO
SBT.TO (Purpose Silver Bullion Fund) and YAMZ.NEO (Amazon (AMZN) Yield Shares Purpose ETF) are both exchange-traded funds - SBT.TO is a Silver fund tracking the LBMA Silver Price, while YAMZ.NEO is a Derivative Income fund actively managed by Purpose Investments. SBT.TO is passively managed, while YAMZ.NEO is actively managed. Over the past 3 years, SBT.TO returned 42.09%/yr vs 28.90%/yr for YAMZ.NEO. At a 0.11 correlation, their price movements are largely independent. SBT.TO charges 0.36%/yr vs 1.72%/yr for YAMZ.NEO.
Performance
SBT.TO vs. YAMZ.NEO - Performance Comparison
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Returns By Period
In the year-to-date period, SBT.TO achieves a 2.24% return, which is significantly lower than YAMZ.NEO's 3.60% return.
SBT.TO
- 1D
- -2.53%
- 1M
- 0.38%
- YTD
- 2.24%
- 6M
- 24.07%
- 1Y
- 105.34%
- 3Y*
- 42.09%
- 5Y*
- 18.84%
- 10Y*
- 13.84%
YAMZ.NEO
- 1D
- -3.59%
- 1M
- -9.20%
- YTD
- 3.60%
- 6M
- 6.36%
- 1Y
- 21.27%
- 3Y*
- 28.90%
- 5Y*
- —
- 10Y*
- —
SBT.TO vs. YAMZ.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SBT.TO Purpose Silver Bullion Fund | 2.24% | 137.07% | 18.55% | -0.86% | 4.22% |
YAMZ.NEO Amazon (AMZN) Yield Shares Purpose ETF | 3.60% | 9.09% | 48.13% | 96.20% | -1.05% |
Correlation
The correlation between SBT.TO and YAMZ.NEO is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | 0.11 |
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Return for Risk
SBT.TO vs. YAMZ.NEO — Risk / Return Rank
SBT.TO
YAMZ.NEO
SBT.TO vs. YAMZ.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Silver Bullion Fund (SBT.TO) and Amazon (AMZN) Yield Shares Purpose ETF (YAMZ.NEO). 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 | YAMZ.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.14 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 0.98 | +1.50 |
| Martin ratioReturn relative to average drawdown | 5.33 | 2.44 | +2.89 |
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 | YAMZ.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.66 | +1.14 |
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 | 0.21 | 1.20 | -0.99 |
Drawdowns
SBT.TO vs. YAMZ.NEO - Drawdown Comparison
The maximum SBT.TO drawdown since its inception was -47.82%, which is greater than YAMZ.NEO's maximum drawdown of -34.37%. Use the drawdown chart below to compare losses from any high point for SBT.TO and YAMZ.NEO.
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Drawdown Indicators
| SBT.TO | YAMZ.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.82% | -34.37% | -13.45% |
Max Drawdown (1Y)Largest decline over 1 year | -42.69% | -21.79% | -20.90% |
Max Drawdown (3Y)Largest decline over 3 years | -42.69% | -34.37% | -8.32% |
Max Drawdown (5Y)Largest decline over 5 years | -42.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -47.82% | — | — |
Current DrawdownCurrent decline from peak | -37.47% | -10.34% | -27.13% |
Average DrawdownAverage peak-to-trough decline | -16.92% | -7.20% | -9.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.84% | 8.73% | +11.11% |
Volatility
SBT.TO vs. YAMZ.NEO - Volatility Comparison
Purpose Silver Bullion Fund (SBT.TO) has a higher volatility of 17.19% compared to Amazon (AMZN) Yield Shares Purpose ETF (YAMZ.NEO) at 9.40%. This indicates that SBT.TO's price experiences larger fluctuations and is considered to be riskier than YAMZ.NEO 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 | YAMZ.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.19% | 9.40% | +7.79% |
Volatility (6M)Calculated over the trailing 6-month period | 57.92% | 22.63% | +35.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.01% | 32.41% | +26.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 34.24% | +2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.58% | 34.24% | +32.34% |
SBT.TO vs. YAMZ.NEO - Expense Ratio Comparison
SBT.TO has a 0.36% expense ratio, which is lower than YAMZ.NEO's 1.72% expense ratio.
Dividends
SBT.TO vs. YAMZ.NEO - Dividend Comparison
SBT.TO has not paid dividends to shareholders, while YAMZ.NEO's dividend yield for the trailing twelve months is around 14.93%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SBT.TO Purpose Silver Bullion Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YAMZ.NEO Amazon (AMZN) Yield Shares Purpose ETF | 14.93% | 14.12% | 8.07% | 7.89% | 1.02% |
Frequently Asked Questions
SBT.TO and YAMZ.NEO have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
SBT.TO is cheaper with a 0.36% expense ratio, compared with 1.72% for YAMZ.NEO.
SBT.TO is categorized as Silver, while YAMZ.NEO is Derivative Income. Their fees differ too: 0.36% for SBT.TO and 1.72% for YAMZ.NEO.
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