AUMI vs. SGDLX

Last updated Jun 4, 2026

AUMI (Themes Gold Miners ETF) and SGDLX (Sprott Gold Equity Fund) are both funds - AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index, while SGDLX is a Precious Metals fund managed by Sprott. Over the past year, AUMI returned 48.97% vs 67.58% for SGDLX. Their correlation of 0.89 suggests significant overlap in exposure. AUMI charges 0.35%/yr vs 1.44%/yr for SGDLX.

Performance

AUMI vs. SGDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Gold Miners ETF (AUMI) and Sprott Gold Equity Fund (SGDLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUMI achieves a -5.96% return, which is significantly lower than SGDLX's 3.90% return.

AUMI

• 1D: -2.93%
• 1M: -3.79%
• YTD: -5.96%
• 6M: -0.21%
• 1Y: 48.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGDLX

• 1D: 0.95%
• 1M: 2.96%
• YTD: 3.90%
• 6M: 13.04%
• 1Y: 67.58%
• 3Y*: 43.43%
• 5Y*: 19.22%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUMI vs. SGDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AUMI Themes Gold Miners ETF	-5.96%	164.18%	30.61%	4.25%
SGDLX Sprott Gold Equity Fund	3.90%	147.67%	20.58%	2.50%

Correlation

The correlation between AUMI and SGDLX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.89

The correlation between AUMI and SGDLX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

AUMI vs. SGDLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUMI

AUMI Risk / Return Rank: 28
AUMI Sharpe Ratio Rank: 28
AUMI Sortino Ratio Rank: 27
AUMI Omega Ratio Rank: 29
AUMI Calmar Ratio Rank: 31
AUMI Martin Ratio Rank: 28

SGDLX

SGDLX Risk / Return Rank: 32
SGDLX Sharpe Ratio Rank: 36
SGDLX Sortino Ratio Rank: 25
SGDLX Omega Ratio Rank: 33
SGDLX Calmar Ratio Rank: 41
SGDLX Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUMI vs. SGDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) and Sprott Gold Equity Fund (SGDLX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AUMI	SGDLX	Difference
Sharpe ratio Return per unit of total volatility	1.03	1.75	-0.72
Sortino ratio Return per unit of downside risk	1.48	2.10	-0.61
Omega ratio Gain probability vs. loss probability	1.20	1.30	-0.10
Calmar ratio Return relative to maximum drawdown	1.54	2.42	-0.88
Martin ratio Return relative to average drawdown	3.94	6.15	-2.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUMI vs. SGDLX - Sharpe Ratio Comparison

The current AUMI Sharpe Ratio is 1.03, which is lower than the SGDLX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of AUMI and SGDLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUMI	SGDLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	1.75	-0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	0.61	+0.94

Drawdowns

AUMI vs. SGDLX - Drawdown Comparison

The maximum AUMI drawdown since its inception was -31.88%, smaller than the maximum SGDLX drawdown of -47.59%. Use the drawdown chart below to compare losses from any high point for AUMI and SGDLX.

Drawdown Indicators

	AUMI	SGDLX	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-47.59%	+15.71%
Max Drawdown (1Y) Largest decline over 1 year	-31.88%	-28.77%	-3.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.77%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.98%	—
Current Drawdown Current decline from peak	-29.25%	-21.78%	-7.47%
Average Drawdown Average peak-to-trough decline	-7.06%	-18.29%	+11.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.46%	11.31%	+1.15%

Volatility

AUMI vs. SGDLX - Volatility Comparison

Themes Gold Miners ETF (AUMI) has a higher volatility of 14.46% compared to Sprott Gold Equity Fund (SGDLX) at 13.40%. This indicates that AUMI's price experiences larger fluctuations and is considered to be riskier than SGDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUMI	SGDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	13.40%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	38.54%	33.53%	+5.01%
Volatility (1Y) Calculated over the trailing 1-year period	47.95%	40.21%	+7.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.57%	31.60%	+9.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.57%	33.86%	+7.71%

AUMI vs. SGDLX - Expense Ratio Comparison

AUMI has a 0.35% expense ratio, which is lower than SGDLX's 1.44% expense ratio.

Dividends

AUMI vs. SGDLX - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 0.92%, more than SGDLX's 0.64% yield.

Position	TTM	2025	2024	2023	2022
AUMI Themes Gold Miners ETF	0.92%	0.86%	1.84%	0.00%	0.00%
SGDLX Sprott Gold Equity Fund	0.64%	0.67%	0.00%	0.00%	0.12%

Frequently Asked Questions

Can I hold both AUMI and SGDLX in my portfolio?

With a correlation of 0.93, AUMI and SGDLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, AUMI or SGDLX?

AUMI has higher volatility (14.46%) compared to SGDLX (13.40%). In terms of maximum drawdown, AUMI dropped -31.88% vs SGDLX's -47.59%.

Which has better risk-adjusted returns?

SGDLX currently has the higher Sharpe Ratio (1.75 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.