SIVR vs. CGAU
SIVR (abrdn Physical Silver Shares ETF) is Silver fund tracking the LBMA Silver Price ($/ozt), while CGAU (Centerra Gold Inc) is a stock. Over the past 5 years, SIVR returned 17.49%/yr vs 18.80%/yr for CGAU. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
SIVR vs. CGAU - Performance Comparison
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Returns By Period
In the year-to-date period, SIVR achieves a -18.61% return, which is significantly lower than CGAU's 20.32% return.
SIVR
- 1D
- -2.08%
- 1M
- -2.25%
- 6M
- -30.49%
- YTD
- -18.61%
- 1Y
- 57.47%
- 3Y*
- 33.21%
- 5Y*
- 17.49%
- 10Y*
- 10.56%
- ALL TIME*
- 8.45%
CGAU
- 1D
- -6.17%
- 1M
- 10.62%
- 6M
- 3.16%
- YTD
- 20.32%
- 1Y
- 157.08%
- 3Y*
- 46.41%
- 5Y*
- 18.80%
- 10Y*
- —
- ALL TIME*
- 15.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $26.01M | $24.30M | $25.95M | |
| $49.50M | $48.83M | $86.59M |
SIVR vs. CGAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | -18.61% | 145.34% | 21.08% | -0.91% | 2.59% | -8.68% |
CGAU Centerra Gold Inc | 20.32% | 159.49% | -1.45% | 19.37% | -32.55% | -14.48% |
Correlation
The correlation between SIVR and CGAU is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 15, 2021 | 0.62 |
The correlation between SIVR and CGAU has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
SIVR vs. CGAU — Risk / Return Rank
SIVR
CGAU
SIVR vs. CGAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Silver Shares ETF (SIVR) and Centerra Gold Inc (CGAU). 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.
| SIVR | CGAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 5.36 | -4.25 |
| Martin ratioReturn relative to average drawdown | 2.11 | 12.46 | -10.35 |
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Drawdowns
SIVR vs. CGAU - Drawdown Comparison
The maximum SIVR drawdown since its inception was -75.85%, which is greater than CGAU's maximum drawdown of -63.47%. Use the drawdown chart below to compare losses from any high point for SIVR and CGAU.
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Drawdown Indicators
| SIVR | CGAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.85% | -63.47% | -12.38% |
Max Drawdown (1Y)Largest decline over 1 year | -52.27% | -29.50% | -22.77% |
Max Drawdown (3Y)Largest decline over 3 years | -52.27% | -29.50% | -22.77% |
Max Drawdown (5Y)Largest decline over 5 years | -52.27% | -63.47% | +11.20% |
Max Drawdown (10Y)Largest decline over 10 years | -52.27% | — | — |
Current DrawdownCurrent decline from peak | -50.35% | -17.78% | -32.57% |
Average DrawdownAverage peak-to-trough decline | -47.84% | -29.41% | -18.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.28% | 12.66% | +14.62% |
Volatility
SIVR vs. CGAU - Volatility Comparison
The current volatility for abrdn Physical Silver Shares ETF (SIVR) is 11.28%, while Centerra Gold Inc (CGAU) has a volatility of 17.09%. This indicates that SIVR experiences smaller price fluctuations and is considered to be less risky than CGAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIVR | CGAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.28% | 17.09% | -5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 55.47% | 43.21% | +12.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 61.33% | 53.61% | +7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.00% | 47.52% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.26% | 48.98% | -16.72% |
Dividends
SIVR vs. CGAU - Dividend Comparison
SIVR has not paid dividends to shareholders, while CGAU's dividend yield for the trailing twelve months is around 1.18%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CGAU Centerra Gold Inc | 1.18% | 1.39% | 3.59% | 3.45% |
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SIVR and CGAU have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGAU has higher volatility (17.09%) compared to SIVR (11.28%). In terms of maximum drawdown, SIVR dropped -75.85% vs CGAU's -63.47%.
CGAU currently has the higher Sharpe Ratio (2.95 vs 0.94), 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.
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