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Sprott Gold Miners ETF (SGDM) Sharpe Ratio: 1.06

ETF · Currency in USD · Last updated Jun 23, 2026

SGDM is a passive ETF by Sprott tracking the investment results of the Solactive Gold Miners Custom Factors Index. SGDM launched on Jul 15, 2014 and has a 0.50% expense ratio.

SGDM's Sharpe Ratio of 1.06 indicates that for each unit of volatility, it generates 1.06 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 23, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SGDM Sharpe Ratio Rank

SGDM Sharpe Ratio Rank: 30.430
Below Average

SGDM ranks above 30.4% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

SGDM Sharpe Ratio Market Positioning

The chart shows SGDM's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.86 or lower
  • Yellow zone (middle 50%): 0.86 to 2.31
  • Green zone (top 25%): 2.31 or higher
  • Top 1%: 7.39+
  • Median: 1.67 — half of all investments score higher

How it compares to other similar ETFs

The table compares Sprott Gold Miners ETF's Sharpe Ratio with other ETFs in the Gold, Precious Metals category across multiple time periods, showing how SGDM's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 23, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
AGMIThemes Silver Miners ETF1.89
SGDJSprott Junior Gold Miners ETF1.68
SLVPiShares MSCI Global Silver and Metals Miners ETF1.64
SILJAmplify Junior Silver Miners ETF1.64
SLVOUBS ETRACS Silver Shares Covered Call ETN1.52
SILGlobal X Silver Miners ETF1.48
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund1.46
SLVRSprott Silver Miners & Physical Silver ETF1.38
SIVRabrdn Physical Silver Shares ETF1.35
SLViShares Silver Trust1.34
SGDMSprott Gold Miners ETF1.06

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SGDM's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SGDM consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SGDM fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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