PBUS vs CEF

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

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

PBUS vs CEF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

PBUS

$9.40B

CEF

$9.40B

Expense Ratio

PBUS

0.04%

CEF

N/A

Max Drawdown

Winner

PBUS

33.60%

CEF

62.40%

Sharpe Ratio

Winner

PBUS

2.01

CEF

1.54

5Y Beta

PBUS

0.98

Winner

CEF

0.38

P/E Ratio

PBUS

28.94

CEF

N/A

Forward P/E

PBUS

21.76

CEF

N/A

5Y Dividends CAGR

PBUS

7.55%

Winner

CEF

14.87%

5Y EPS CAGR

PBUS

29.04%

CEF

N/A

Debt to Equity

PBUS

37.04%

CEF

N/A

P/S Ratio

PBUS

3.62

CEF

N/A

P/B Ratio

PBUS

5.58

CEF

N/A

PBUS vs CEF - Historical Returns

Returns include dividend reinvestment.

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

Winner

PBUS

+9.03%

CEF

+5.23%

Winner

PBUS

+6.40%

CEF

-3.64%

PBUS

+10.04%

Winner

CEF

+34.58%

PBUS

+31.68%

Winner

CEF

+73.70%

5Y(CAGR)

PBUS

+13.00%

Winner

CEF

+21.03%

10Y(CAGR)

Winner

PBUS

+15.13%

CEF

+14.63%

Max(CAGR)

Winner

PBUS

+15.13%

CEF

+9.75%

PBUS vs CEF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PBUS	CEF
2026	+7.91%	+9.06%
2025	+17.87%	+88.94%
2024	+25.98%	+24.79%
2023	+27.76%	+6.39%
2022	-19.92%	+2.17%
2021	+28.64%	-10.63%
2020	+20.46%	+31.10%
2019	+30.96%	+16.81%
2018	-4.76%	-7.38%
2017	+7.13%	+15.51%
2016	N/A	+11.32%
2015	N/A	-14.32%
2014	N/A	-14.41%
2013	N/A	-38.47%
2012	N/A	+3.29%
2011	N/A	-4.95%
2010	N/A	+47.63%
2009	N/A	+26.29%
2008	N/A	+1.28%
2007	N/A	+17.23%
2006	N/A	+31.89%
2005	N/A	+27.03%
2004	N/A	+3.58%
2003	N/A	+13.38%
2002	N/A	+41.46%
2001	N/A	+4.76%
2000	N/A	-17.45%
1999	N/A	-4.27%

PBUS vs CEF Drawdown Comparison

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

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

The current CEF drawdown is -15.01%.

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

Correlation

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

0.88

-101

Dividend Comparison (2000 - 2026)

PBUS vs CEF dividend yield comparison.

Year	PBUS	CEF
2026	0.28%	0.00%
2025	1.05%	0.00%
2024	1.20%	0.00%
2023	1.36%	0.00%
2022	1.71%	0.00%
2021	0.98%	0.00%
2020	1.35%	0.00%
2019	1.53%	0.00%
2018	2.33%	0.08%
2017	0.50%	0.07%
2016	0.00%	0.09%
2015	0.00%	0.10%
2014	0.00%	0.09%
2013	0.00%	0.08%
2011	0.00%	0.05%
2010	0.00%	0.05%
2009	0.00%	0.07%
2008	0.00%	0.09%
2007	0.00%	0.09%
2006	0.00%	0.11%
2005	0.00%	0.15%
2004	0.00%	0.18%
2003	0.00%	0.19%
2002	0.00%	0.21%
2001	0.00%	0.30%
2000	0.00%	0.31%