CEF vs PBUS

Comparison between Sprott Physical Gold and Silver Trust (CEF, ETF) and INVESCO MSCI USA ETF (PBUS, ETF).

5-Year PerformanceCEF has outperformed PBUS, delivering a return of +21.0% compared to +13.0%

CEF vs PBUS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CEF(ETF)	PBUS(ETF)
Net Assets	$9.40B	$9.40B
Expense Ratio	N/A	0.04%
Max Drawdown	62.40%	33.60%
Sharpe Ratio	1.54	2.01
5Y Beta	0.38	0.98
P/E Ratio	N/A	28.94
Forward P/E	N/A	21.76
5Y Dividends CAGR	14.87%	7.55%
5Y EPS CAGR	N/A	29.04%
Debt to Equity	N/A	37.04%
P/S Ratio	N/A	3.62
P/B Ratio	N/A	5.58

Net Assets

CEF

$9.40B

PBUS

$9.40B

Expense Ratio

CEF

N/A

PBUS

0.04%

Max Drawdown

CEF

62.40%

Winner

PBUS

33.60%

Sharpe Ratio

CEF

1.54

Winner

PBUS

2.01

5Y Beta

Winner

CEF

0.38

PBUS

0.98

P/E Ratio

CEF

N/A

PBUS

28.94

Forward P/E

CEF

N/A

PBUS

21.76

5Y Dividends CAGR

Winner

CEF

14.87%

PBUS

7.55%

5Y EPS CAGR

CEF

N/A

PBUS

29.04%

Debt to Equity

CEF

N/A

PBUS

37.04%

P/S Ratio

CEF

N/A

PBUS

3.62

P/B Ratio

CEF

N/A

PBUS

5.58

CEF vs PBUS - Historical Returns

Returns include dividend reinvestment.

Period	CEF	PBUS
1 month	+5.23%	+9.03%
3 months	-3.64%	+6.40%
6 months	+34.58%	+10.04%
1 year	+73.70%	+31.68%
5 years(CAGR)	+21.03%	+13.00%
10 years(CAGR)	+14.63%	+15.13%
Max(CAGR)	+9.75%	+15.13%

CEF

+5.23%

Winner

PBUS

+9.03%

CEF

-3.64%

Winner

PBUS

+6.40%

Winner

CEF

+34.58%

PBUS

+10.04%

Winner

CEF

+73.70%

PBUS

+31.68%

5Y(CAGR)

Winner

CEF

+21.03%

PBUS

+13.00%

10Y(CAGR)

CEF

+14.63%

Winner

PBUS

+15.13%

Max(CAGR)

CEF

+9.75%

Winner

PBUS

+15.13%

CEF vs PBUS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CEF	PBUS
2026	+9.06%	+7.91%
2025	+88.94%	+17.87%
2024	+24.79%	+25.98%
2023	+6.39%	+27.76%
2022	+2.17%	-19.92%
2021	-10.63%	+28.64%
2020	+31.10%	+20.46%
2019	+16.81%	+30.96%
2018	-7.38%	-4.76%
2017	+15.51%	+7.13%
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 PBUS Drawdown Comparison

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

The maximum drawdown for PBUS was -33.15%, occurring on Mar 23, 2020. Recovery took 117 trading sessions.

The current CEF drawdown is -15.01%.

Rank	CEF	PBUS
#1	-62.29% Aug 22, 2011 - Oct 22, 2024	-33.15% Feb 19, 2020 - Aug 5, 2020
#2	-44.69% Mar 17, 2008 - Nov 25, 2009	-25.41% Dec 27, 2021 - Dec 13, 2023
#3	-35.89% Nov 3, 1999 - May 6, 2002	-19.07% Feb 19, 2025 - Jun 26, 2025
#4	-26.77% Jan 29, 2026 - Mar 26, 2026	-18.93% Sep 26, 2018 - Apr 5, 2019
#5	-25.32% Feb 4, 2003 - Jan 9, 2004	-10.09% Jan 23, 2018 - Aug 16, 2018
#6	-23.64% May 11, 2006 - Oct 26, 2007	-9.67% Sep 2, 2020 - Nov 13, 2020
#7	-21.75% Apr 1, 2004 - Dec 7, 2005	-9.03% Jan 12, 2026 - Apr 15, 2026
#8	-20.52% Apr 27, 2011 - Aug 18, 2011	-8.48% Jul 16, 2024 - Sep 19, 2024
#9	-19.76% May 24, 2002 - Jan 27, 2003	-7.31% Apr 29, 2019 - Jun 24, 2019
#10	-17.97% Dec 2, 2009 - Aug 27, 2010	-6.28% Jul 26, 2019 - Oct 28, 2019
#11	-12.88% Dec 31, 2010 - Feb 18, 2011	-5.48% Mar 28, 2024 - May 14, 2024
#12	-11.21% Oct 16, 2025 - Nov 28, 2025	-5.41% Sep 3, 2021 - Oct 20, 2021
#13	-10.73% Oct 29, 2024 - Feb 5, 2025	-5.28% Feb 12, 2021 - Mar 15, 2021
#14	-9.13% Feb 2, 2006 - Mar 2, 2006	-5.26% Oct 29, 2025 - Dec 11, 2025
#15	-8.01% Apr 19, 2006 - May 4, 2006	-4.57% Nov 18, 2021 - Dec 23, 2021

Correlation

Correlation between CEF and PBUS is 0.88 which considered as a strong positive correlation - the stocks tend to move together.

0.88

-101

Dividend Comparison (2000 - 2026)

CEF vs PBUS dividend yield comparison.

Year	CEF	PBUS
2026	0.00%	0.28%
2025	0.00%	1.05%
2024	0.00%	1.20%
2023	0.00%	1.36%
2022	0.00%	1.71%
2021	0.00%	0.98%
2020	0.00%	1.35%
2019	0.00%	1.53%
2018	0.08%	2.33%
2017	0.07%	0.50%
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%