CEF vs DFEM

Comparison between Sprott Physical Gold and Silver Trust (CEF, ETF) and DIMENSIONAL EMERGING MARKETS CORE EQUITY 2 ETF (DFEM, ETF).

CEF vs DFEM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CEF(ETF)	DFEM(ETF)
Net Assets	$9.20B	$9.30B
Expense Ratio	N/A	0.39%
Max Drawdown	62.40%	21.85%
Sharpe Ratio	0.97	1.89
5Y Beta	0.44	0.79
5Y Dividends CAGR	14.87%	N/A

Net Assets

CEF

$9.20B

Winner

DFEM

$9.30B

Expense Ratio

CEF

N/A

DFEM

0.39%

Max Drawdown

CEF

62.40%

Winner

DFEM

21.85%

Sharpe Ratio

CEF

0.97

Winner

DFEM

1.89

5Y Beta

Winner

CEF

0.44

DFEM

0.79

5Y Dividends CAGR

CEF

14.87%

DFEM

N/A

CEF vs DFEM - Historical Returns

Returns include dividend reinvestment.

Period	CEF	DFEM
1 month	-10.13%	+7.62%
3 months	-11.33%	+20.54%
6 months	-2.54%	+30.71%
1 year	+41.33%	+49.15%
5 years(CAGR)	+18.23%	+15.96%
10 years(CAGR)	+12.26%	N/A
Max(CAGR)	+9.09%	+15.96%

CEF

-10.13%

Winner

DFEM

+7.62%

CEF

-11.33%

Winner

DFEM

+20.54%

CEF

-2.54%

Winner

DFEM

+30.71%

CEF

+41.33%

Winner

DFEM

+49.15%

5Y(CAGR)

Winner

CEF

+18.23%

DFEM

+15.96%

10Y(CAGR)

CEF

+12.26%

DFEM

N/A

Max(CAGR)

CEF

+9.09%

Winner

DFEM

+15.96%

CEF vs DFEM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CEF	DFEM
2026	-6.18%	+24.64%
2025	+88.94%	+29.99%
2024	+24.79%	+8.75%
2023	+6.39%	+12.86%
2022	+2.17%	-8.68%
2021	-10.63%	N/A
2020	+31.10%	N/A
2019	+16.81%	N/A
2018	-7.38%	N/A
2017	+15.51%	N/A
2016	+11.32%	N/A
2015	-14.32%	N/A
2014	-14.41%	N/A
2013	-38.47%	N/A
2012	+3.29%	N/A
2011	-4.95%	N/A
2010	+47.63%	N/A
2009	+26.29%	N/A
2008	+1.28%	N/A
2007	+17.23%	N/A
2006	+31.89%	N/A
2005	+27.03%	N/A
2004	+3.58%	N/A
2003	+13.38%	N/A
2002	+41.46%	N/A
2001	+4.76%	N/A
2000	-17.45%	N/A
1999	-4.27%	N/A

CEF vs DFEM Drawdown Comparison

The maximum drawdown for CEF was -62.29%, occurring on Dec 15, 2015. Recovery took 3313 trading sessions.

The maximum drawdown for DFEM was -20.81%, occurring on Oct 24, 2022. Recovery took 309 trading sessions.

The current CEF drawdown is -26.89%.

Rank	CEF	DFEM
#1	-62.29% Aug 22, 2011 - Oct 22, 2024	-20.81% May 4, 2022 - Jul 28, 2023
#2	-44.69% Mar 17, 2008 - Nov 25, 2009	-18.09% Oct 7, 2024 - Jun 4, 2025
#3	-35.89% Nov 3, 1999 - May 6, 2002	-12.12% Feb 25, 2026 - Apr 17, 2026
#4	-30.01% Jan 29, 2026 - Jun 10, 2026	-11.00% Jul 31, 2023 - Feb 20, 2024
#5	-25.32% Feb 4, 2003 - Jan 9, 2004	-8.86% Jul 12, 2024 - Sep 24, 2024
#6	-23.64% May 11, 2006 - Oct 26, 2007	-7.97% Jun 2, 2026 - Jun 18, 2026
#7	-21.75% Apr 1, 2004 - Dec 7, 2005	-5.26% May 8, 2026 - May 26, 2026
#8	-20.52% Apr 27, 2011 - Aug 18, 2011	-4.66% Oct 29, 2025 - Jan 2, 2026
#9	-19.76% May 24, 2002 - Jan 27, 2003	-4.50% Apr 9, 2024 - May 2, 2024
#10	-17.97% Dec 2, 2009 - Aug 27, 2010	-4.08% Oct 8, 2025 - Oct 20, 2025
#11	-12.88% Dec 31, 2010 - Feb 18, 2011	-3.90% May 17, 2024 - Jul 3, 2024
#12	-11.21% Oct 16, 2025 - Nov 28, 2025	-3.06% Jul 23, 2025 - Aug 12, 2025
#13	-10.73% Oct 29, 2024 - Feb 5, 2025	-2.75% Jan 28, 2026 - Feb 9, 2026
#14	-9.13% Feb 2, 2006 - Mar 2, 2006	-2.65% Jun 12, 2025 - Jun 24, 2025
#15	-8.01% Apr 19, 2006 - May 4, 2006	-2.07% Apr 17, 2026 - Apr 30, 2026

Correlation

Correlation between CEF and DFEM is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.

0.95

-101

Dividend Comparison (2000 - 2026)

CEF vs DFEM dividend yield comparison.

Year	CEF	DFEM
2026	0.00%	0.11%
2025	0.00%	2.32%
2024	0.00%	2.50%
2023	0.00%	2.38%
2022	0.00%	1.99%
2018	0.08%	0.00%
2017	0.07%	0.00%
2016	0.09%	0.00%
2015	0.10%	0.00%
2014	0.09%	0.00%
2013	0.08%	0.00%
2011	0.05%	0.00%
2010	0.05%	0.00%
2009	0.07%	0.00%
2008	0.09%	0.00%
2007	0.09%	0.00%
2006	0.11%	0.00%
2005	0.15%	0.00%
2004	0.18%	0.00%
2003	0.19%	0.00%
2002	0.21%	0.00%
2001	0.30%	0.00%
2000	0.31%	0.00%