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First Eagle Gold Fund (SGGDX) Sharpe Ratio: 1.67

Mutual Fund · Currency in USD · Last updated Jun 3, 2026

The investment seeks to provide investors the opportunity to participate in the investment characteristics of gold for a portion of their overall investment portfolio. To achieve its objective of providing investors the opportunity to participate in the investment characteristics of gold, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in gold and/or securities directly related to gold or issuers principally engaged in the gold industry, including securities of gold mining finance companies as well as operating companies with long-, medium- or short-life mines.

SGGDX's Sharpe Ratio of 1.67 indicates that for each unit of volatility, it generates 1.67 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 3, 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.

SGGDX Sharpe Ratio Rank

SGGDX Sharpe Ratio Rank: 32.633
Below Average

SGGDX ranks above 32.6% 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

SGGDX Sharpe Ratio Market Positioning

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

  • Red zone (bottom 25%): 1.42 or lower
  • Yellow zone (middle 50%): 1.42 to 2.51
  • Green zone (top 25%): 2.51 or higher
  • Top 1%: 4.64+
  • Median: 2.09 — half of all investments score higher

How it compares to other similar mutual funds

The table compares First Eagle Gold Fund's Sharpe Ratio with other mutual funds in the Precious Metals category across multiple time periods, showing how SGGDX'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 3, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
UNWPXU.S. Global Investors World Precious Minerals Fund2.80
FGPMXFranklin Gold and Precious Metals Fund Class R62.22
FGADXFranklin Gold and Precious Metals Fund Advisor Class2.22
FKRCXFranklin Gold and Precious Metals Fund2.21
OCMAXOCM Gold Atlas2.11
OCMGXOCM Gold Fund2.09
RYPMXRydex Precious Metals Fund1.95
EPGFXEuroPac Gold Fund1.93
INIVXVanEck International Investors Gold Fund1.90
SGDLXSprott Gold Equity Fund1.89
SGGDXFirst Eagle Gold Fund1.67

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SGGDX'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 SGGDX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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