Sprott (SII)
Market Price (10/4/2026): $116.25 | Market Cap: $3.0 BilSector: Financials | Industry: Asset Management & Custody Banks
Sprott (SII)
Market Price (10/4/2026): $116.25Market Cap: $3.0 BilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, and Macroeconomic Resilience. Themes include Uranium for Nuclear Energy, Strategic Resource Investment, Show more. | Key risksSII key risks include [1] its high sensitivity to volatile precious metal and commodity prices that directly impact its AUM and fee revenue and [2] regulatory changes specifically targeting the mining and critical materials sectors. |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, and Macroeconomic Resilience. Themes include Uranium for Nuclear Energy, Strategic Resource Investment, Show more. |
| Key risksSII key risks include [1] its high sensitivity to volatile precious metal and commodity prices that directly impact its AUM and fee revenue and [2] regulatory changes specifically targeting the mining and critical materials sectors. |
Qualitative Assessment
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Sprott (SII) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. Sprott reported a strong beat on its fiscal Q2 2026 earnings, announced on August 5, 2026. The company posted earnings per share (EPS) of $1.33, surpassing analysts' expectations of $1.26 by 5.56%. This beat demonstrated robust profitability, with net income rising to $34.3 million from $13.5 million in the prior year's comparable quarter, and Adjusted EBITDA reaching $50.8 million ($1.97 per share).
2. Analysts maintained a positive outlook for Sprott, with a "Moderate Buy" consensus rating. As of September 30, 2026, five Wall Street analysts provided an average 12-month price target of C$187.40, implying a potential upside of 10.38% from the stock's closing price of C$169.77 on that date.
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Sprott (SII) stock has gained about 5% since 6/30/2026 because of the following key factors:
1. Sprott reported a strong beat on its fiscal Q2 2026 earnings, announced on August 5, 2026. The company posted earnings per share (EPS) of $1.33, surpassing analysts' expectations of $1.26 by 5.56%. This beat demonstrated robust profitability, with net income rising to $34.3 million from $13.5 million in the prior year's comparable quarter, and Adjusted EBITDA reaching $50.8 million ($1.97 per share).
2. Analysts maintained a positive outlook for Sprott, with a "Moderate Buy" consensus rating. As of September 30, 2026, five Wall Street analysts provided an average 12-month price target of C$187.40, implying a potential upside of 10.38% from the stock's closing price of C$169.77 on that date.
3. The company demonstrated strong financial performance for the first half of fiscal 2026, ending June 30, 2026. Sprott reported a net income of USD 63.48 million on revenues of USD 223.17 million, achieving a significant 26.4% net margin. This showcased the resilience and efficiency of its capital-light, fee-based business model.
4. Sustained strength in critical materials investments helped offset declines in precious metals during fiscal Q3 2026. While Sprott's Assets Under Management (AUM) saw some depreciation and net outflows from its precious metals products, positive net inflows to critical materials products provided a counterbalance. Long-term uranium prices, for instance, reached decade highs in the first half of 2026, with the long-term price at $95.50 per pound in July 2026, exceeding the spot price of $86.38 per pound, benefiting Sprott's specialized trusts.
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Stock Movement Drivers
Fundamental Drivers
The 3.3% change in SII stock from 6/30/2026 to 10/1/2026 was primarily driven by a 19.0% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 111.97 | 115.67 | 3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 369 | 386 | 4.7% |
| Net Income Margin (%) | 22.9% | 27.3% | 19.0% |
| P/E Multiple | 34.1 | 28.3 | -17.1% |
| Shares Outstanding (Mil) | 26 | 26 | 0.1% |
| Cumulative Contribution | 3.3% |
Market Drivers
6/30/2026 to 10/1/2026| Return | Correlation | |
|---|---|---|
| SII | 3.3% | |
| Market (SPY) | 2.3% | 32.4% |
| Sector (XLF) | -0.3% | 18.4% |
Fundamental Drivers
The -18.5% change in SII stock from 3/31/2026 to 10/1/2026 was primarily driven by a -48.0% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 141.97 | 115.67 | -18.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 269 | 386 | 43.7% |
| Net Income Margin (%) | 25.1% | 27.3% | 8.9% |
| P/E Multiple | 54.4 | 28.3 | -48.0% |
| Shares Outstanding (Mil) | 26 | 26 | 0.1% |
| Cumulative Contribution | -18.5% |
Market Drivers
3/31/2026 to 10/1/2026| Return | Correlation | |
|---|---|---|
| SII | -18.5% | |
| Market (SPY) | 17.8% | 42.6% |
| Sector (XLF) | 8.7% | 26.3% |
Fundamental Drivers
The 40.9% change in SII stock from 9/30/2025 to 10/1/2026 was primarily driven by a 97.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 82.07 | 115.67 | 40.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 195 | 386 | 97.8% |
| Net Income Margin (%) | 25.5% | 27.3% | 6.9% |
| P/E Multiple | 42.5 | 28.3 | -33.4% |
| Shares Outstanding (Mil) | 26 | 26 | 0.1% |
| Cumulative Contribution | 40.9% |
Market Drivers
9/30/2025 to 10/1/2026| Return | Correlation | |
|---|---|---|
| SII | 40.9% | |
| Market (SPY) | 15.6% | 40.3% |
| Sector (XLF) | 0.4% | 20.1% |
Fundamental Drivers
The 304.7% change in SII stock from 9/30/2023 to 10/1/2026 was primarily driven by a 162.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302023 | 10012026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.58 | 115.67 | 304.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 147 | 386 | 162.7% |
| Net Income Margin (%) | 24.3% | 27.3% | 12.2% |
| P/E Multiple | 20.2 | 28.3 | 40.1% |
| Shares Outstanding (Mil) | 25 | 26 | -1.9% |
| Cumulative Contribution | 304.7% |
Market Drivers
9/30/2023 to 10/1/2026| Return | Correlation | |
|---|---|---|
| SII | 304.7% | |
| Market (SPY) | 84.9% | 35.5% |
| Sector (XLF) | 68.2% | 23.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SII Return | 59% | -24% | 5% | 27% | 137% | 24% | 379% |
| Peers Return | 0% | -15% | -13% | 2% | 138% | 5% | 90% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| SII Win Rate | 67% | 50% | 50% | 75% | 67% | 44% | |
| Peers Win Rate | 52% | 40% | 37% | 53% | 77% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| SII Max Drawdown | -28% | -45% | -30% | -17% | -17% | -38% | |
| Peers Max Drawdown | -32% | -44% | -41% | -26% | -21% | -39% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FNV, RGLD, GROY, OR, MTA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)
How Low Can It Go
| Event | SII | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -10.8% | -7.8% |
| % Gain to Breakeven | 12.2% | 8.5% |
| Time to Breakeven | 48 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -11.3% | -9.5% |
| % Gain to Breakeven | 12.8% | 10.5% |
| Time to Breakeven | 40 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -15.6% | -6.7% |
| % Gain to Breakeven | 18.5% | 7.1% |
| Time to Breakeven | 218 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -29.3% | -24.5% |
| % Gain to Breakeven | 41.4% | 32.4% |
| Time to Breakeven | 563 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.5% | -33.7% |
| % Gain to Breakeven | 65.3% | 50.9% |
| Time to Breakeven | 109 days | 140 days |
| 2013 Taper Tantrum | ||
| % Loss | -26.8% | -0.2% |
| % Gain to Breakeven | 36.6% | 0.2% |
| Time to Breakeven | 2537 days | 1 days |
In The Past
Sprott's stock fell -7.6% during the 2025 US Tariff Shock. Such a loss loss requires a 8.2% gain to breakeven.
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Asset Allocation
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| Event | SII | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -29.3% | -24.5% |
| % Gain to Breakeven | 41.4% | 32.4% |
| Time to Breakeven | 563 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -39.5% | -33.7% |
| % Gain to Breakeven | 65.3% | 50.9% |
| Time to Breakeven | 109 days | 140 days |
| 2013 Taper Tantrum | ||
| % Loss | -26.8% | -0.2% |
| % Gain to Breakeven | 36.6% | 0.2% |
| Time to Breakeven | 2537 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -40.3% | -17.9% |
| % Gain to Breakeven | 67.5% | 21.8% |
| Time to Breakeven | 5106 days | 123 days |
In The Past
Sprott's stock fell -7.6% during the 2025 US Tariff Shock. Such a loss loss requires a 8.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Sprott (SII)
Sprott Inc. (SII) is a publicly traded asset management holding company based in Toronto, Canada. Through its various subsidiaries, the firm specializes in managing financial assets and providing a comprehensive range of financial services to its clients. Its core business revolves around creating and overseeing investment portfolios and funds.
The company offers a diverse suite of products and services designed to meet varied investment needs. These include different types of investment vehicles such as mutual funds, hedge funds, and offshore funds. Additionally, Sprott provides managed accounts, offering personalized portfolio management and wealth management services, along with administrative and consulting services. The firm also engages in broker-dealer activities.
Sprott primarily serves a broad client base that includes individual investors seeking wealth and portfolio management expertise, as well as institutional clients interested in their specialized fund offerings. By delivering a wide array of investment solutions and financial services, Sprott caters to investors looking for professional management of their capital across various asset classes and investment strategies.
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A Canadian version of Fidelity Investments.
Like a smaller T. Rowe Price, focused on asset and fund management.
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- Asset Management: Sprott provides strategic management of investment portfolios and financial assets for its clients.
- Wealth Management: The firm offers comprehensive financial advisory and investment solutions tailored to high-net-worth individuals and families.
- Fund Management: Sprott manages a variety of pooled investment vehicles, including mutual funds, hedge funds, and offshore funds.
- Managed Accounts: The company provides individualized investment management services directly for client accounts.
- Administrative and Consulting Services: Sprott offers operational support and expert financial advisory to its clients.
- Broker-Dealer Services: The firm facilitates securities transactions for clients and engages in proprietary trading activities.
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Sprott Inc. (SII), as an asset management firm specializing in precious metals and real assets, serves a diverse client base rather than having a few "major customers" in the traditional sense. Its services are primarily directed towards various categories of investors, including:
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Individual Investors (High-Net-Worth and Retail): This category encompasses high-net-worth individuals seeking wealth management, portfolio management, and specialized investment strategies focused on precious metals and real assets. It also includes retail investors who access Sprott's various public funds, such as mutual funds and exchange-traded funds (ETFs), through brokerage platforms or financial advisors.
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Institutional Investors: This group includes a broad range of organizations such as pension funds, endowments, foundations, and sovereign wealth funds. These institutions engage Sprott for specialized asset management services, seeking to allocate capital to precious metals, mining, and other real asset sectors through customized mandates or Sprott's array of fund products (mutual funds, hedge funds, ETFs).
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Family Offices: Sprott also caters to family offices, which manage the wealth of ultra-high-net-worth families. These clients often require comprehensive wealth management, bespoke investment solutions, and access to alternative and specialized asset classes, aligning with Sprott's expertise in precious metals and real asset investments.
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Whitney George, Chief Executive Officer, Sprott Inc.
Whitney George was named Chief Executive Officer of Sprott Inc. in 2022. He joined Sprott in 2015 and also serves as Senior Portfolio Manager at Sprott Asset Management USA and Sprott Focus Trust. Prior to joining Sprott, he spent 23 years in senior roles at Royce & Associates LLC in New York, including Co-Chief Investment Officer from 2009 to 2013, where he played a key role in the firm's growth into a leading U.S. small-cap manager with peak assets of over US$40 billion. Before Royce, Mr. George held positions with Dominick & Dominick, Inc., WR Lazard & Laidlaw, Inc., Laidlaw, Adams & Peck, and Oppenheimer & Co. Inc.
Kevin Hibbert, Co-Chief Operating Officer & Chief Financial Officer, Sprott Inc.
Kevin Hibbert was appointed Chief Financial Officer and Corporate Secretary of Sprott Inc. in December 2015. He joined the company in 2014 as Vice-President of Finance. Mr. Hibbert has over 14 years of experience in the financial services industry, holds an Honours BA in Management from the University of Toronto, and is a CPA, CA. He is also a Senior Managing Partner & Co-Head of Enterprise Shared Services Group.
John Ciampaglia, Chief Executive Officer, Sprott Asset Management & Senior Managing Partner, Sprott Inc.
John Ciampaglia has almost 30 years of investment industry experience and has served as Chief Executive Officer of Sprott Asset Management and Senior Managing Partner of Sprott Inc. since 2017. He joined Sprott in 2010 as Chief Operating Officer. Before Sprott, he was a Senior Executive at Invesco Canada, holding the position of Senior Vice President, Product Development. Prior to Invesco Canada, he spent over four years at TD Asset Management. Mr. Ciampaglia plays an active role in the development of new investment strategies, acquisitions, marketing, and strategic partnerships.
Rick Rule, President & CEO, Sprott US Holdings Inc. & Senior Managing Director, Sprott Inc.
Rick Rule is the founder of Global Resource Investments and Sprott Asset Management USA Inc. (formerly Terra Resource Investment Management). He joined Sprott's investment and management team in 2011 when Sprott acquired his businesses. He has been principally involved in natural resource investments for his entire career, which began in 1974. Mr. Rule is also the President and CEO of Sprott US Holdings Inc. and a member of the Sprott Inc. Board of Directors. He has financed many successful projects and companies and is considered a leading American retail broker in natural resource investing.
Michael Harrison, Managing Partner, Sprott Inc. & Managing Partner, Sprott Resource Streaming and Royalty Corp.
Michael Harrison has over 25 years of experience in the mining industry. He joined Sprott in 2020. Prior to his current role, he served as President and CEO of Adriana Resources Inc. and Vice President, Corporate Development for Coeur Mining Inc. He also worked in investment banking at Cormark Securities Inc. and National Bank Financial, providing funding and mergers and acquisitions advice to mining companies. Earlier in his career, he was a Project Geophysicist at BHP Billiton.
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The key risks to Sprott Inc.'s business operations primarily stem from its specialized focus on precious metals and critical materials, as well as its current market valuation.
- Fluctuations in Precious Metals and Critical Materials Prices: Sprott Inc.'s financial health and revenue streams are significantly tied to the prices of commodities such as gold, silver, and uranium. The company operates in a high-beta sector, meaning its Assets Under Management (AUM) and subsequent fee revenue are highly sensitive to external market swings in these commodity prices. A sharp reversal or stagnation in the prices of precious metals and critical materials would directly impact Sprott's AUM and profitability.
- Premium Valuation and Market Sentiment: Sprott Inc. is currently trading at elevated valuation multiples (P/E, P/S, P/B ratios) compared to its historical averages and industry peers, suggesting that the market has priced in strong growth expectations. If the company's growth falters or if there is a shift in overall market sentiment towards the precious metals and critical materials sector, there is a risk of a significant re-rating of its stock, potentially leading to a decline in share price.
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The rise of low-cost passive investment vehicles, such as exchange-traded funds (ETFs) and index funds, poses a clear emerging threat. This trend leads to significant fee compression across the asset management industry and an ongoing shift of assets away from actively managed mutual funds, hedge funds, and managed accounts. As an asset management holding company that offers mutual funds, hedge funds, offshore funds, and managed accounts, Sprott's core revenue model, which is based on fees from active management, is directly challenged by this industry-wide shift towards more cost-effective, passive investment strategies.
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For Sprott Inc. (symbol: SII), the addressable markets for its main products and services are estimated as follows:
- Global Asset Management Market: The global asset management industry grew to a record-breaking $128 trillion in assets under management (AuM) in 2024 and is projected to surge to $200 trillion by 2030, with a compound annual growth rate (CAGR) of 6.2%. North America is expected to remain the dominant market for global AuM.
- Global Mutual Fund Assets Market: The global mutual fund assets market was valued at approximately $55.851 trillion (USD 55,851.0 billion) in 2024, and is projected to reach $95.815 trillion (USD 95,815.0 billion) by 2034, growing at a CAGR of 5.4% from 2025 to 2034.
- Global Hedge Fund Market: The global hedge fund market size was valued at USD 5.3 trillion in 2024 and is projected to grow at a CAGR of 4.1% between 2025 and 2034, reaching USD 7.5 trillion by 2034.
- Global Wealth Management Market: The global wealth management market size was valued at USD 1.83 trillion in 2024 and is poised to grow to USD 5.95 trillion by 2033, growing at a CAGR of 14% during the forecast period (2026–2033).
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Expected Drivers of Future Revenue Growth for Sprott Inc. (SII)
Over the next 2-3 years, Sprott Inc.'s revenue growth is expected to be primarily driven by several key factors, rooted in its specialized focus on precious metals and critical materials within the asset management industry.
- Sustained Growth in Assets Under Management (AUM) from Precious Metals and Critical Materials: Sprott's revenue is directly tied to its AUM, which has seen significant growth, reaching $70.1 billion by mid-February 2026. This expansion is fueled by robust investor demand for precious metals physical trusts and critical materials ETFs. Macroeconomic factors such as market uncertainty, persistent inflation concerns, and geopolitical tensions are expected to continue driving investors towards safe-haven assets like gold and silver. Additionally, the increasing demand for critical materials, particularly uranium due to the "explosive energy demands of artificial intelligence data centers," is creating a substantial new catalyst for AUM growth. The company is positioned to capitalize on what its CEO has termed a "metals-driven commodity super cycle."
- Expansion of Exchange-Listed Products (ETFs) and Product Offerings: Sprott plans to introduce new Exchange-Traded Funds (ETFs) in 2026, with at least one new ETF anticipated in the first half of the year. The company also aims to further expand its product offerings through strategic partnerships, such as the one with HANetf in Europe. This continuous innovation and expansion of its product suite are expected to attract new capital and further increase AUM, as demonstrated by the rapid growth of its existing ETF business and the Sprott Silver Miners & Physical Silver ETF (SLVR) surpassing $1 billion in AUM.
- Operational Leverage from a Fixed-Cost Business Model: Sprott's business model is characterized by a relatively fixed cost structure. This operational leverage means that increases in underlying commodity prices and inflows of new investor capital can translate almost directly into higher management fees and, consequently, increased revenue. As the company's AUM grows and commodity prices remain favorable, the efficiency of this business model is expected to amplify profitability and revenue growth without a proportional increase in operational expenses.
- Increasing Institutional Allocation to Natural Resources: Sprott anticipates a rise in institutional allocation to natural resource investments, including precious metals and critical materials. The company's strategic focus and established expertise in these sectors position it well to capture a significant portion of this increasing institutional capital, further contributing to AUM growth and associated management fees.
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Share Repurchases
- Sprott announced a new Normal Course Issuer Bid (NCIB) approved by the Toronto Stock Exchange, allowing it to repurchase up to 1,289,312 common shares, approximately 5.0% of its issued and outstanding common shares as of February 28, 2026. This bid commenced on March 11, 2026, and will conclude on March 10, 2027.
- Under the NCIB that ran from March 11, 2025, to March 10, 2026, Sprott was approved to repurchase up to 645,333 common shares. During this period, the company purchased an aggregate of 11,691 common shares on the TSX or alternative Canadian trading systems for C$706,720.95 and 15,386 common shares on the NYSE or alternative U.S. trading systems for US$999,628.42.
- Under its prior NCIB, which commenced on March 4, 2024, and ended on March 3, 2025, Sprott was approved to repurchase up to 646,576 common shares. The company purchased an aggregate of 49,706 common shares, including 34,048 shares on Canadian systems for approximately C$2.01 million and 15,658 shares on the NYSE for approximately US$648,672.
Outbound Investments
- Sprott Inc. actively manages a portfolio of 221 total holdings, as disclosed in its latest SEC filings, with a recent portfolio value calculated at approximately $2.96 billion USD.
- The firm's top holdings include significant investments in companies such as Sprott Inc. (US:SII), Equinox Gold Corp. (US:EQX), Sprott Focus Trust, Inc. (US:FUND), Coeur Mining, Inc. (US:CDE), and Agnico Eagle Mines Limited (US:AEM).
- Sprott Inc. has established new positions in companies like Elemental Royalty Corporation (US:ELEMF), H&R Block, Inc. (US:HRB), IAMGOLD Corporation (US:IAG), NVIDIA Corporation (US:NVDA), and Taseko Mines Limited (DE:UDM).
Peer Outperformance in Asset Management & Custody Banks
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 234.72 |
| Mkt Cap | 19.9 |
| Rev LTM | 1,547 |
| Op Inc LTM | 974 |
| FCF LTM | 51 |
| FCF 3Y Avg | 265 |
| CFO LTM | 1,044 |
| CFO 3Y Avg | 687 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 93.5% |
| Rev Chg 3Y Avg | 41.5% |
| Rev Chg Q | 114.9% |
| QoQ Delta Rev Chg LTM | 18.4% |
| Op Inc Chg LTM | 88.3% |
| Op Inc Chg 3Y Avg | 52.4% |
| Op Mgn LTM | 63.0% |
| Op Mgn 3Y Avg | 60.1% |
| QoQ Delta Op Mgn LTM | -1.2% |
| CFO/Rev LTM | 67.5% |
| CFO/Rev 3Y Avg | 70.6% |
| FCF/Rev LTM | 3.3% |
| FCF/Rev 3Y Avg | 37.1% |
Price Behavior
| Market Price | $115.67 | |
| Market Cap ($ Bil) | 3.0 | |
| First Trading Date | 01/07/2010 | |
| Distance from 52W High | -30.0% | |
| 50 Days | 200 Days | |
| DMA Price | $121.59 | $125.19 |
| DMA Trend | up | up |
| Distance from DMA | -4.9% | -7.6% |
| 3M | 1YR | |
| Volatility | 47.8% | 52.6% |
| Downside Capture | 139.95 | 178.33 |
| Upside Capture | 126.03 | 191.02 |
| Correlation (SPY) | 33.1% | 40.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.35 | 1.19 | 1.42 | 1.95 | 1.63 | 0.91 |
| Up Beta | -0.16 | 0.25 | 0.80 | 2.22 | 1.66 | 0.81 |
| Down Beta | 7.14 | 3.71 | 2.72 | 2.18 | 1.03 | 0.84 |
| Up Capture | 172% | 171% | 151% | 135% | 307% | 165% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 9 | 20 | 30 | 59 | 136 | 410 |
| Down Capture | 293% | 47% | 121% | 203% | 141% | 95% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 13 | 22 | 34 | 67 | 116 | 336 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SII | |
|---|---|---|---|---|
| SII | 41.1% | 52.5% | 0.83 | - |
| Sector ETF (XLF) | 0.5% | 14.8% | -0.19 | 20.1% |
| Equity (SPY) | 15.7% | 13.0% | 0.85 | 40.3% |
| Gold (GLD) | 7.7% | 29.6% | 0.25 | 62.6% |
| Commodities (DBC) | 45.6% | 20.8% | 1.69 | -4.5% |
| Real Estate (VNQ) | 1.2% | 13.6% | -0.16 | 17.2% |
| Bitcoin (BTCUSD) | -25.7% | 44.5% | -0.54 | 36.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SII | |
|---|---|---|---|---|
| SII | 28.0% | 39.0% | 0.73 | - |
| Sector ETF (XLF) | 8.8% | 18.3% | 0.35 | 28.5% |
| Equity (SPY) | 13.0% | 17.2% | 0.57 | 39.8% |
| Gold (GLD) | 18.6% | 18.9% | 0.80 | 54.7% |
| Commodities (DBC) | 10.6% | 19.6% | 0.42 | 20.9% |
| Real Estate (VNQ) | 0.4% | 18.9% | -0.08 | 33.4% |
| Bitcoin (BTCUSD) | 13.6% | 52.3% | 0.43 | 27.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SII | |
|---|---|---|---|---|
| SII | 13.7% | 39.3% | 0.58 | - |
| Sector ETF (XLF) | 12.7% | 22.1% | 0.52 | 28.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 38.0% |
| Gold (GLD) | 11.6% | 16.4% | 0.58 | 49.2% |
| Commodities (DBC) | 8.4% | 18.1% | 0.38 | 24.1% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.17 | 32.1% |
| Bitcoin (BTCUSD) | 64.2% | 66.2% | 1.04 | 26.7% |
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Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 6-K |
| 03/31/2026 | 05/06/2026 | 6-K |
| 12/31/2025 | 02/19/2026 | 40-F |
| 09/30/2025 | 11/05/2025 | 6-K |
| 06/30/2025 | 08/06/2025 | 6-K |
| 03/31/2025 | 05/07/2025 | 6-K |
| 12/31/2024 | 02/26/2025 | 40-F |
| 09/30/2024 | 11/06/2024 | 6-K |
| 06/30/2024 | 08/07/2024 | 6-K |
| 03/31/2024 | 05/08/2024 | 6-K |
| 12/31/2023 | 02/21/2024 | 40-F |
| 09/30/2023 | 11/01/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/05/2023 | 6-K |
| 12/31/2022 | 02/24/2023 | 40-F |
| 09/30/2022 | 11/04/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 6-K |
| 03/31/2026 | 05/06/2026 | 6-K |
| 12/31/2025 | 02/19/2026 | 40-F |
| 09/30/2025 | 11/05/2025 | 6-K |
| 06/30/2025 | 08/06/2025 | 6-K |
| 03/31/2025 | 05/07/2025 | 6-K |
| 12/31/2024 | 02/26/2025 | 40-F |
| 09/30/2024 | 11/06/2024 | 6-K |
| 06/30/2024 | 08/07/2024 | 6-K |
| 03/31/2024 | 05/08/2024 | 6-K |
| 12/31/2023 | 02/21/2024 | 40-F |
| 09/30/2023 | 11/01/2023 | 6-K |
| 06/30/2023 | 08/09/2023 | 6-K |
| 03/31/2023 | 05/05/2023 | 6-K |
| 12/31/2022 | 02/24/2023 | 40-F |
| 09/30/2022 | 11/04/2022 | 6-K |
| 06/30/2022 | 08/02/2022 | 6-K |
| 03/31/2022 | 05/06/2022 | 6-K |
| 12/31/2021 | 02/25/2022 | 40-F |
| 09/30/2021 | 11/05/2021 | 6-K |
| 06/30/2021 | 08/06/2021 | 6-K |
| 03/31/2021 | 05/07/2021 | 6-K |
| 12/31/2020 | 02/26/2021 | 40-F |
| 09/30/2020 | 11/13/2020 | 6-K |
Investor Activity (13F)
Updated Oct 4, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Asset Management & Custody Banks Resources |
| Pensions & Investments |
| Institutional Investor |
| Ignites |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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