CEF vs HEFA

Comparison between Sprott Physical Gold and Silver Trust (CEF, ETF) and ISHARES CURRENCY HEDGED MSCI EAFE ETF (HEFA, ETF).

5-Year PerformanceCEF has outperformed HEFA, delivering a return of +16.0% compared to +14.1%

CEF vs HEFA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CEF(ETF)	HEFA(ETF)
Net Assets	$7.30B	$7.30B
Expense Ratio	N/A	0.35%
Max Drawdown	62.40%	32.39%
Sharpe Ratio	0.72	1.69
5Y Beta	0.45	0.74
5Y Dividends CAGR	14.87%	17.50%

Net Assets

CEF

$7.30B

HEFA

$7.30B

Expense Ratio

CEF

N/A

HEFA

0.35%

Max Drawdown

CEF

62.40%

Winner

HEFA

32.39%

Sharpe Ratio

CEF

0.72

Winner

HEFA

1.69

5Y Beta

Winner

CEF

0.45

HEFA

0.74

5Y Dividends CAGR

CEF

14.87%

Winner

HEFA

17.50%

CEF vs HEFA - Historical Returns

Returns include dividend reinvestment.

Period	CEF	HEFA
1 month	-9.64%	+0.19%
3 months	-22.13%	+3.38%
6 months	-23.41%	+7.80%
1 year	+27.81%	+26.88%
5 years(CAGR)	+16.04%	+14.10%
10 years(CAGR)	+10.74%	+12.66%
Max(CAGR)	+8.68%	+10.73%

CEF

-9.64%

Winner

HEFA

+0.19%

CEF

-22.13%

Winner

HEFA

+3.38%

CEF

-23.41%

Winner

HEFA

+7.80%

Winner

CEF

+27.81%

HEFA

+26.88%

5Y(CAGR)

Winner

CEF

+16.04%

HEFA

+14.10%

10Y(CAGR)

CEF

+10.74%

Winner

HEFA

+12.66%

Max(CAGR)

CEF

+8.68%

Winner

HEFA

+10.73%

CEF vs HEFA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CEF	HEFA
2026	-14.43%	+11.22%
2025	+88.94%	+24.11%
2024	+24.79%	+13.79%
2023	+6.39%	+18.27%
2022	+2.17%	-5.86%
2021	-10.63%	+19.07%
2020	+31.10%	+0.72%
2019	+16.81%	+27.05%
2018	-7.38%	-9.58%
2017	+15.51%	+15.19%
2016	+11.32%	+8.06%
2015	-14.32%	+3.94%
2014	-14.41%	+6.13%
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 HEFA Drawdown Comparison

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

The maximum drawdown for HEFA was -32.39%, occurring on Mar 16, 2020. Recovery took 226 trading sessions.

The current CEF drawdown is -33.32%. The current HEFA drawdown is -1.96%.

Rank	CEF	HEFA
#1	-62.29% Aug 22, 2011 - Oct 22, 2024	-32.39% Feb 12, 2020 - Jan 5, 2021
#2	-44.69% Mar 17, 2008 - Nov 25, 2009	-23.14% May 27, 2015 - Mar 1, 2017
#3	-35.89% Nov 3, 1999 - May 6, 2002	-15.43% Jan 23, 2018 - Apr 12, 2019
#4	-34.12% Jan 29, 2026 - Jul 16, 2026	-14.77% Jan 4, 2022 - Jan 23, 2023
#5	-25.32% Feb 4, 2003 - Jan 9, 2004	-14.28% Feb 18, 2025 - May 12, 2025
#6	-23.64% May 11, 2006 - Oct 26, 2007	-9.79% Jul 12, 2024 - Oct 14, 2024
#7	-21.75% Apr 1, 2004 - Dec 7, 2005	-9.52% Feb 25, 2026 - May 21, 2026
#8	-20.52% Apr 27, 2011 - Aug 18, 2011	-9.48% Sep 4, 2014 - Nov 18, 2014
#9	-19.76% May 24, 2002 - Jan 27, 2003	-7.49% Dec 5, 2014 - Jan 26, 2015
#10	-17.97% Dec 2, 2009 - Aug 27, 2010	-6.87% Jul 3, 2019 - Sep 12, 2019
#11	-12.88% Dec 31, 2010 - Feb 18, 2011	-6.78% Jul 31, 2023 - Nov 24, 2023
#12	-11.21% Oct 16, 2025 - Nov 28, 2025	-5.83% Mar 3, 2023 - Apr 10, 2023
#13	-10.73% Oct 29, 2024 - Feb 5, 2025	-5.59% Nov 16, 2021 - Jan 3, 2022
#14	-9.13% Feb 2, 2006 - Mar 2, 2006	-4.97% Apr 29, 2019 - Jul 1, 2019
#15	-8.01% Apr 19, 2006 - May 4, 2006	-4.84% Jun 19, 2014 - Sep 4, 2014

Correlation

Correlation between CEF and HEFA is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2000 - 2026)

CEF vs HEFA dividend yield comparison.

Year	CEF	HEFA
2026	0.00%	1.51%
2025	0.00%	4.40%
2024	0.00%	3.09%
2023	0.00%	3.02%
2022	0.00%	25.14%
2021	0.00%	3.06%
2020	0.00%	2.10%
2019	0.00%	7.56%
2018	0.08%	4.58%
2017	0.07%	2.55%
2016	0.09%	3.17%
2015	0.10%	3.54%
2014	0.09%	3.40%
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%