AUMI vs. SGDLX
AUMI (Themes Gold Miners ETF) and SGDLX (Sprott Gold Equity Fund) are both Gold funds. Over the past year, AUMI returned 42.05% vs 50.82% for SGDLX. Their correlation of 0.90 suggests significant overlap in exposure. AUMI charges 0.35%/yr vs 1.44%/yr for SGDLX.
Performance
AUMI vs. SGDLX - Performance Comparison
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Returns By Period
In the year-to-date period, AUMI achieves a -15.98% return, which is significantly lower than SGDLX's -10.82% return.
AUMI
- 1D
- 1.61%
- 1M
- -15.18%
- YTD
- -15.98%
- 6M
- -19.26%
- 1Y
- 42.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGDLX
- 1D
- -4.11%
- 1M
- -13.94%
- YTD
- -10.82%
- 6M
- -14.21%
- 1Y
- 50.82%
- 3Y*
- 39.60%
- 5Y*
- 17.68%
- 10Y*
- —
AUMI vs. SGDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
AUMI Themes Gold Miners ETF | -15.98% | 164.18% | 30.61% | 10.23% |
SGDLX Sprott Gold Equity Fund | -10.82% | 147.67% | 20.58% | 7.34% |
Correlation
The correlation between AUMI and SGDLX is 0.94, 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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | 0.90 |
The correlation between AUMI and SGDLX has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
AUMI vs. SGDLX — Risk / Return Rank
AUMI
SGDLX
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUMI | SGDLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.08 | 1.50 | -0.43 |
| Martin ratioReturn relative to average drawdown | 2.88 | 3.89 | -1.02 |
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Drawdowns
AUMI vs. SGDLX - Drawdown Comparison
The maximum AUMI drawdown since its inception was -39.28%, 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.
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Drawdown Indicators
| AUMI | SGDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.28% | -47.59% | +8.31% |
Max Drawdown (1Y)Largest decline over 1 year | -39.28% | -33.98% | -5.30% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.98% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -42.98% | — |
Current DrawdownCurrent decline from peak | -36.79% | -32.86% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -18.36% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.66% | 13.09% | +1.57% |
Volatility
AUMI vs. SGDLX - Volatility Comparison
Themes Gold Miners ETF (AUMI) has a higher volatility of 18.16% compared to Sprott Gold Equity Fund (SGDLX) at 17.09%. 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.
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Volatility by Period
| AUMI | SGDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.16% | 17.09% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 41.35% | 36.48% | +4.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.36% | 42.66% | +7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.51% | 32.19% | +10.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.51% | 34.24% | +8.27% |
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 1.03%, more than SGDLX's 0.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUMI Themes Gold Miners ETF | 1.03% | 0.86% | 1.84% | 0.00% | 0.00% |
SGDLX Sprott Gold Equity Fund | 0.75% | 0.67% | 0.00% | 0.00% | 0.12% |
Frequently Asked Questions
With a correlation of 0.94, 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.
AUMI has higher volatility (18.16%) compared to SGDLX (17.09%). In terms of maximum drawdown, AUMI dropped -39.28% vs SGDLX's -47.59%.
SGDLX currently has the higher Sharpe Ratio (1.20 vs 0.84), 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.
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