SGDJ vs. PSLV
SGDJ (Sprott Junior Gold Miners ETF) and PSLV (Sprott Physical Silver Trust) are both exchange-traded funds - SGDJ is a Gold fund tracking the Solactive Junior Gold Miners Custom Factors Index, while PSLV is a Silver fund tracking the No Index (Physical Silver). Both are passively managed. Over the past 10 years, SGDJ returned 9.57%/yr vs 10.45%/yr for PSLV. A 0.73 correlation means they provide meaningful diversification when combined. SGDJ charges 0.50%/yr vs 0.51%/yr for PSLV.
Performance
SGDJ vs. PSLV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGDJ achieves a -10.12% return, which is significantly higher than PSLV's -22.33% return. Over the past 10 years, SGDJ has underperformed PSLV with an annualized return of 9.57%, while PSLV has yielded a comparatively higher 10.45% annualized return.
SGDJ
- 1D
- 0.49%
- 1M
- -14.44%
- YTD
- -10.12%
- 6M
- -13.19%
- 1Y
- 67.69%
- 3Y*
- 47.56%
- 5Y*
- 16.10%
- 10Y*
- 9.57%
PSLV
- 1D
- 1.38%
- 1M
- -25.75%
- YTD
- -22.33%
- 6M
- -23.33%
- 1Y
- 49.35%
- 3Y*
- 33.10%
- 5Y*
- 14.66%
- 10Y*
- 10.45%
SGDJ vs. PSLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGDJ Sprott Junior Gold Miners ETF | -10.12% | 174.44% | 19.35% | 6.66% | -27.60% | -15.12% | 47.91% | 37.00% | -25.63% | 5.94% |
PSLV Sprott Physical Silver Trust | -22.33% | 145.08% | 19.43% | -1.94% | 2.74% | -14.13% | 42.81% | 16.99% | -11.83% | 4.28% |
Correlation
The correlation between SGDJ and PSLV is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2015 | 0.73 |
The correlation between SGDJ and PSLV has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGDJ vs. PSLV — Risk / Return Rank
SGDJ
PSLV
SGDJ vs. PSLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Gold Miners ETF (SGDJ) and Sprott Physical Silver Trust (PSLV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SGDJ | PSLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.51 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | 0.99 | +0.86 |
| Martin ratioReturn relative to average drawdown | 4.68 | 2.36 | +2.32 |
Loading charts...
Drawdowns
SGDJ vs. PSLV - Drawdown Comparison
The maximum SGDJ drawdown since its inception was -59.27%, smaller than the maximum PSLV drawdown of -79.38%. Use the drawdown chart below to compare losses from any high point for SGDJ and PSLV.
Loading charts...
Drawdown Indicators
| SGDJ | PSLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.27% | -79.38% | +20.11% |
Max Drawdown (1Y)Largest decline over 1 year | -36.84% | -50.17% | +13.33% |
Max Drawdown (3Y)Largest decline over 3 years | -36.84% | -50.17% | +13.33% |
Max Drawdown (5Y)Largest decline over 5 years | -52.66% | -50.17% | -2.49% |
Max Drawdown (10Y)Largest decline over 10 years | -59.27% | -50.17% | -9.10% |
Current DrawdownCurrent decline from peak | -34.47% | -49.48% | +15.01% |
Average DrawdownAverage peak-to-trough decline | -26.26% | -58.08% | +31.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.51% | 21.00% | -6.49% |
Volatility
SGDJ vs. PSLV - Volatility Comparison
Sprott Junior Gold Miners ETF (SGDJ) has a higher volatility of 18.98% compared to Sprott Physical Silver Trust (PSLV) at 15.92%. This indicates that SGDJ's price experiences larger fluctuations and is considered to be riskier than PSLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGDJ | PSLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.98% | 15.92% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 42.78% | 58.74% | -15.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.05% | 60.50% | -9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.94% | 36.28% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.98% | 31.49% | +9.49% |
SGDJ vs. PSLV - Expense Ratio Comparison
SGDJ has a 0.50% expense ratio, which is lower than PSLV's 0.51% expense ratio.
Dividends
SGDJ vs. PSLV - Dividend Comparison
SGDJ's dividend yield for the trailing twelve months is around 9.31%, while PSLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSLV Sprott Physical Silver Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGDJ Sprott Junior Gold Miners ETF | 9.31% | 8.37% | 6.55% | 4.55% | 2.46% | 2.20% | 1.97% | 0.65% | 0.00% | 0.14% | 1.77% | 0.85% |
Frequently Asked Questions
SGDJ and PSLV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGDJ has higher volatility (18.98%) compared to PSLV (15.92%). In terms of maximum drawdown, SGDJ dropped -59.27% vs PSLV's -79.38%.
On 10-year performance, PSLV leads with 10.45% vs 9.57% for SGDJ. On fees, SGDJ is cheaper at 0.50% per year. On volatility, PSLV has been the lower-risk option at 15.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PSLV has performed better with a 10.45% return vs 9.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGDJ is cheaper with a 0.50% expense ratio, compared with 0.51% for PSLV.
SGDJ has the higher dividend yield at 9.31%, compared with 0.00% for PSLV.
SGDJ is categorized as Gold, while PSLV is Silver. SGDJ tracks Solactive Junior Gold Miners Custom Factors Index, while PSLV tracks No Index (Physical Silver). Their fees differ too: 0.50% for SGDJ and 0.51% for PSLV.
SGDJ currently has the higher Sharpe Ratio (1.33 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SGDJ and PSLV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer