USA.TO vs. CEF.TO

Last updated Apr 1, 2026

Compare and contrast key facts about Americas Gold and Silver Corporation (USA.TO) and Sprott Physical Gold and Silver Trust (CEF.TO).

Performance

USA.TO vs. CEF.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Americas Gold and Silver Corporation (USA.TO) and Sprott Physical Gold and Silver Trust (CEF.TO). The values are adjusted to include any dividend payments, if applicable.

USA.TO vs. CEF.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USA.TO Americas Gold and Silver Corporation	3.12%	402.86%	69.70%	-57.14%	-24.51%	-75.00%	0.25%	82.51%	-51.31%	30.86%
CEF.TO Sprott Physical Gold and Silver Trust	5.65%	83.74%	34.77%	4.70%	7.88%	-8.74%	29.32%	11.22%	1.48%	10.21%

Fundamentals

Market Cap USA.TO : CA$4.78B CEF.TO : CA$17.40B
EPS USA.TO : -CA$0.09 CEF.TO : CA$20.11
PS Ratio USA.TO : 43.79 CEF.TO : 5.57
PB Ratio USA.TO : 95.16 CEF.TO : 1.92
Total Revenue (TTM) USA.TO : CA$109.13M CEF.TO : CA$2.58B
Gross Profit (TTM) USA.TO : -CA$947.00K CEF.TO : CA$2.57B
EBITDA (TTM) USA.TO : -CA$37.20M CEF.TO : CA$4.36B

Returns By Period

In the year-to-date period, USA.TO achieves a 3.12% return, which is significantly lower than CEF.TO's 5.65% return. Over the past 10 years, USA.TO has underperformed CEF.TO with an annualized return of 0.51%, while CEF.TO has yielded a comparatively higher 15.81% annualized return.

USA.TO

• 1D: 12.21%
• 1M: -45.78%
• YTD: 3.12%
• 6M: 39.88%
• 1Y: 277.14%
• 3Y*: 65.55%
• 5Y*: 0.38%
• 10Y*: 0.51%

CEF.TO

• 1D: 5.05%
• 1M: -13.87%
• YTD: 5.65%
• 6M: 29.93%
• 1Y: 62.63%
• 3Y*: 37.45%
• 5Y*: 24.45%
• 10Y*: 15.81%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

USA.TO vs. CEF.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USA.TO

USA.TO Risk / Return Rank: 91
USA.TO Sharpe Ratio Rank: 86
USA.TO Sortino Ratio Rank: 92
USA.TO Omega Ratio Rank: 96
USA.TO Calmar Ratio Rank: 92
USA.TO Martin Ratio Rank: 90

CEF.TO

CEF.TO Risk / Return Rank: 85
CEF.TO Sharpe Ratio Rank: 89
CEF.TO Sortino Ratio Rank: 80
CEF.TO Omega Ratio Rank: 87
CEF.TO Calmar Ratio Rank: 83
CEF.TO Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USA.TO vs. CEF.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Americas Gold and Silver Corporation (USA.TO) and Sprott Physical Gold and Silver Trust (CEF.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.

	USA.TO	CEF.TO	Difference
Sharpe ratio Return per unit of total volatility	1.64	1.76	-0.12
Sortino ratio Return per unit of downside risk	3.10	2.06	+1.04
Omega ratio Gain probability vs. loss probability	1.53	1.34	+0.19
Calmar ratio Return relative to maximum drawdown	4.53	2.54	+1.99
Martin ratio Return relative to average drawdown	11.12	9.22	+1.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USA.TO vs. CEF.TO - Sharpe Ratio Comparison

The current USA.TO Sharpe Ratio is 1.64, which is comparable to the CEF.TO Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of USA.TO and CEF.TO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USA.TO	CEF.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	1.76	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	1.10	-1.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	0.76	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.15	-0.21

Correlation

The correlation between USA.TO and CEF.TO is 0.27, 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

USA.TO vs. CEF.TO - Dividend Comparison

Neither USA.TO nor CEF.TO has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USA.TO Americas Gold and Silver Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CEF.TO Sprott Physical Gold and Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.09%	0.09%

Drawdowns

USA.TO vs. CEF.TO - Drawdown Comparison

The maximum USA.TO drawdown since its inception was -99.42%, which is greater than CEF.TO's maximum drawdown of -58.68%. Use the drawdown chart below to compare losses from any high point for USA.TO and CEF.TO.

Drawdown Indicators

	USA.TO	CEF.TO	Difference
Max Drawdown Largest peak-to-trough decline	-99.42%	-58.68%	-40.74%
Max Drawdown (1Y) Largest decline over 1 year	-60.06%	-25.60%	-34.46%
Max Drawdown (5Y) Largest decline over 5 years	-90.54%	-25.60%	-64.94%
Max Drawdown (10Y) Largest decline over 10 years	-95.33%	-29.04%	-66.29%
Current Drawdown Current decline from peak	-93.95%	-17.81%	-76.14%
Average Drawdown Average peak-to-trough decline	-81.94%	-30.46%	-51.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.49%	7.06%	+17.43%

Volatility

USA.TO vs. CEF.TO - Volatility Comparison

Americas Gold and Silver Corporation (USA.TO) has a higher volatility of 34.25% compared to Sprott Physical Gold and Silver Trust (CEF.TO) at 14.37%. This indicates that USA.TO's price experiences larger fluctuations and is considered to be riskier than CEF.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USA.TO	CEF.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.25%	14.37%	+19.88%
Volatility (6M) Calculated over the trailing 6-month period	66.12%	34.09%	+32.03%
Volatility (1Y) Calculated over the trailing 1-year period	170.15%	35.75%	+134.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	97.89%	22.38%	+75.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.62%	21.07%	+61.55%

Financials