SBT.TO vs. YTSL.NEO
SBT.TO (Purpose Silver Bullion Fund) and YTSL.NEO (Tesla (TSLA) Yield Shares Purpose ETF) are both exchange-traded funds - SBT.TO is a Silver fund tracking the LBMA Silver Price, while YTSL.NEO is a Derivative Income fund actively managed by Purpose Investments. SBT.TO is passively managed, while YTSL.NEO is actively managed. Over the past 3 years, SBT.TO returned 42.09%/yr vs 29.91%/yr for YTSL.NEO. At a 0.10 correlation, their price movements are largely independent. SBT.TO charges 0.36%/yr vs 1.65%/yr for YTSL.NEO.
Performance
SBT.TO vs. YTSL.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 higher than YTSL.NEO's -6.32% 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%
YTSL.NEO
- 1D
- 0.00%
- 1M
- 8.30%
- YTD
- -6.32%
- 6M
- 3.70%
- 1Y
- 45.68%
- 3Y*
- 29.91%
- 5Y*
- —
- 10Y*
- —
SBT.TO vs. YTSL.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% |
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF | -6.32% | 27.43% | 46.11% | 106.56% | -20.20% |
Correlation
The correlation between SBT.TO and YTSL.NEO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Dec 20, 2022 | 0.10 |
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Return for Risk
SBT.TO vs. YTSL.NEO — Risk / Return Rank
SBT.TO
YTSL.NEO
SBT.TO vs. YTSL.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Silver Bullion Fund (SBT.TO) and Tesla (TSLA) Yield Shares Purpose ETF (YTSL.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 | YTSL.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.19 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 1.85 | +0.63 |
| Martin ratioReturn relative to average drawdown | 5.33 | 4.79 | +0.54 |
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 | YTSL.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 0.95 | +0.84 |
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 | 0.58 | -0.37 |
Drawdowns
SBT.TO vs. YTSL.NEO - Drawdown Comparison
The maximum SBT.TO drawdown since its inception was -47.82%, smaller than the maximum YTSL.NEO drawdown of -58.40%. Use the drawdown chart below to compare losses from any high point for SBT.TO and YTSL.NEO.
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Drawdown Indicators
| SBT.TO | YTSL.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.82% | -58.40% | +10.58% |
Max Drawdown (1Y)Largest decline over 1 year | -42.69% | -24.81% | -17.88% |
Max Drawdown (3Y)Largest decline over 3 years | -42.69% | -58.40% | +15.71% |
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% | -7.38% | -30.09% |
Average DrawdownAverage peak-to-trough decline | -16.92% | -20.48% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.84% | 9.71% | +10.13% |
Volatility
SBT.TO vs. YTSL.NEO - Volatility Comparison
Purpose Silver Bullion Fund (SBT.TO) has a higher volatility of 17.19% compared to Tesla (TSLA) Yield Shares Purpose ETF (YTSL.NEO) at 12.74%. This indicates that SBT.TO's price experiences larger fluctuations and is considered to be riskier than YTSL.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 | YTSL.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.19% | 12.74% | +4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 57.92% | 29.33% | +28.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.01% | 48.18% | +10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.64% | 61.86% | -25.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.58% | 61.86% | +4.72% |
SBT.TO vs. YTSL.NEO - Expense Ratio Comparison
SBT.TO has a 0.36% expense ratio, which is lower than YTSL.NEO's 1.65% expense ratio.
Dividends
SBT.TO vs. YTSL.NEO - Dividend Comparison
SBT.TO has not paid dividends to shareholders, while YTSL.NEO's dividend yield for the trailing twelve months is around 45.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
SBT.TO Purpose Silver Bullion Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
YTSL.NEO Tesla (TSLA) Yield Shares Purpose ETF | 45.63% | 36.11% | 12.80% | 24.07% | 1.96% |
Frequently Asked Questions
SBT.TO and YTSL.NEO have a correlation of 0.18, 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 1.65% for YTSL.NEO.
SBT.TO is categorized as Silver, while YTSL.NEO is Derivative Income. Their fees differ too: 0.36% for SBT.TO and 1.65% for YTSL.NEO.
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