CEF vs VTI

Quick Verdict

VTI has a lower expense ratio. CEF delivered stronger 1-year returns. VTI offers more diversification with 2783 holdings.

Lower Fees: VTIHigher Returns: CEFMore Diversified: VTI

Side-by-Side Comparison

MetricCEFVTIWinner
Expense Ratio0.46%0.03%
AUM$7.4B$663.5B
Dividend Yield0.00%1.07%
Holdings43,543
YTD Return-2.73%+14.16%
1Y Return+45.01%+23.62%
3Y Return (annualized)+36.06%+21.43%
5Y Return (annualized)+20.91%+12.33%
Volatility (annualized)23.0%15.3%
Max Drawdown-62.3%-56.6%
Fund FamilySprott Asset Management LPVanguard (US)
CategoryCommodityEquity
InceptionJan 16, 2018May 24, 2001

CEF vs VTI Performance

Sprott Physical Gold and Silver Trust (CEF) is a ETF from Sprott Asset Management LP and Vanguard Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year CEF returned +45.01% while VTI returned +23.62%. Year to date, CEF is down 2.73% versus a gain of 14.16% for VTI.

Over three years, CEF compounded at +36.06% per year against +21.43% for VTI; over five years the annualized figures are +20.91% and +12.33% respectively. Across the full 25-year window we track, VTI has the edge at +8.14% annualized vs +7.81%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

CEF has been the more volatile fund, with annualized monthly volatility of 23.0% compared with 15.3% for VTI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -62.3% for CEF and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.12. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

CEF charges 0.46% per year while VTI charges 0.03%. On a $10,000 position that is $46 vs $3 annually, a gap of $43 per year that compounds over a long holding period. On income, CEF currently yields 0.00% against 1.07% for VTI.

Frequently Asked Questions

Which is cheaper, CEF or VTI?

CEF has an expense ratio of 0.46% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $43 per year of difference.

Which performed better, CEF or VTI?

Over the past year CEF returned +45.01% vs +23.62% for VTI, so CEF leads on 1-year performance. Over the longest common window we track (25 years), CEF annualized +7.81% vs +8.14% for VTI. Past performance does not guarantee future results.

Which is riskier, CEF or VTI?

CEF has been the more volatile fund at 23.0% annualized versus 15.3% for VTI. Worst drawdown: CEF -62.3% vs VTI -56.6%.

Should I hold both CEF and VTI?

CEF and VTI have a monthly-return correlation of 0.12, so combining them can provide real diversification depending on your allocation goals.

Which pays a higher dividend, CEF or VTI?

CEF yields 0.00% while VTI yields 1.07%, so VTI currently pays the higher dividend yield.

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