WAR vs. PHYS

Last updated Jun 4, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) is Aerospace & Defense fund actively managed by US Global, while PHYS (Sprott Physical Gold Trust) is a stock. A 0.60 correlation means they provide meaningful diversification when combined.

Performance

WAR vs. PHYS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and Sprott Physical Gold Trust (PHYS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAR

• 1D: -1.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PHYS

• 1D: -1.09%
• 1M: -1.73%
• YTD: 1.64%
• 6M: 4.32%
• 1Y: 31.14%
• 3Y*: 29.99%
• 5Y*: 17.41%
• 10Y*: 12.40%

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

WAR vs. PHYS - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	2.67%
PHYS Sprott Physical Gold Trust	-1.64%

Correlation

The correlation between WAR and PHYS is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.60

Return for Risk

WAR vs. PHYS — Risk / Return Rank

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

PHYS

PHYS Risk / Return Rank: 70
PHYS Sharpe Ratio Rank: 74
PHYS Sortino Ratio Rank: 65
PHYS Omega Ratio Rank: 70
PHYS Calmar Ratio Rank: 70
PHYS Martin Ratio Rank: 71

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.

WAR vs. PHYS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and Sprott Physical Gold Trust (PHYS). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WAR	PHYS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.14	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.96	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.18	0.45	+4.73

Drawdowns

WAR vs. PHYS - Drawdown Comparison

The maximum WAR drawdown since its inception was -1.92%, smaller than the maximum PHYS drawdown of -48.16%. Use the drawdown chart below to compare losses from any high point for WAR and PHYS.

Drawdown Indicators

	WAR	PHYS	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-48.16%	+46.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.35%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-23.75%	—
Current Drawdown Current decline from peak	-1.92%	-18.01%	+16.09%
Average Drawdown Average peak-to-trough decline	-0.88%	-21.00%	+20.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.82%	—

Volatility

Volatility by Period

	WAR	PHYS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.66%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.90%	27.43%	+15.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.90%	18.31%	+24.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.90%	16.30%	+26.60%

Dividends

WAR vs. PHYS - Dividend Comparison

Neither WAR nor PHYS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both WAR and PHYS in my portfolio?

WAR and PHYS have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.