BGEIX vs. CEF

Last updated Jun 24, 2026

BGEIX (American Century Global Gold Fund) and CEF (Sprott Physical Gold and Silver Trust) are both Gold funds. Over the past 10 years, BGEIX returned 12.31%/yr vs 11.67%/yr for CEF. A 0.59 correlation means they provide meaningful diversification when combined. BGEIX charges 0.65%/yr vs 0.48%/yr for CEF.

Performance

BGEIX vs. CEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Global Gold Fund (BGEIX) and Sprott Physical Gold and Silver Trust (CEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGEIX achieves a -4.97% return, which is significantly higher than CEF's -9.78% return. Over the past 10 years, BGEIX has outperformed CEF with an annualized return of 12.31%, while CEF has yielded a comparatively lower 11.67% annualized return.

BGEIX

• 1D: -1.34%
• 1M: -4.45%
• YTD: -4.97%
• 6M: -9.11%
• 1Y: 55.23%
• 3Y*: 44.16%
• 5Y*: 20.22%
• 10Y*: 12.31%

CEF

• 1D: -3.46%
• 1M: -12.70%
• YTD: -9.78%
• 6M: -12.85%
• 1Y: 35.34%
• 3Y*: 32.09%
• 5Y*: 17.15%
• 10Y*: 11.67%

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

BGEIX vs. CEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGEIX American Century Global Gold Fund	-4.97%	158.45%	15.10%	7.52%	-12.54%	-8.85%	18.92%	37.82%	-7.43%	10.62%
CEF Sprott Physical Gold and Silver Trust	-9.78%	92.76%	24.07%	6.80%	1.07%	-8.32%	31.99%	16.91%	-6.34%	18.78%

Correlation

The correlation between BGEIX and CEF is 0.83, 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	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.77
Correlation (All Time) Calculated using the full available price history since Jan 2, 1990	0.59

Over the past year, BGEIX and CEF have become more correlated (0.83) than their long-term average of 0.59, meaning their price movements have been converging.

Return for Risk

BGEIX vs. CEF — Risk / Return Rank

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

BGEIX

BGEIX Risk / Return Rank: 21
BGEIX Sharpe Ratio Rank: 24
BGEIX Sortino Ratio Rank: 19
BGEIX Omega Ratio Rank: 24
BGEIX Calmar Ratio Rank: 21
BGEIX Martin Ratio Rank: 17

CEF

CEF Risk / Return Rank: 13
CEF Sharpe Ratio Rank: 12
CEF Sortino Ratio Rank: 12
CEF Omega Ratio Rank: 16
CEF Calmar Ratio Rank: 13
CEF Martin Ratio Rank: 11

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.

BGEIX vs. CEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Global Gold Fund (BGEIX) and Sprott Physical Gold and Silver Trust (CEF). 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.

	BGEIX	CEF	Difference
Sharpe ratio: Return per unit of total volatility	1.29	0.91	+0.38
Sortino ratio: Return per unit of downside risk	1.71	1.28	+0.43
Omega ratio: Gain probability vs. loss probability	1.24	1.19	+0.04
Calmar ratio: Return relative to maximum drawdown	1.58	1.18	+0.41
Martin ratio: Return relative to average drawdown	4.30	2.94	+1.37

BGEIX vs. CEF - Sharpe Ratio Comparison

The current BGEIX Sharpe Ratio is 1.29, which is higher than the CEF Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of BGEIX and CEF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BGEIX vs. CEF - Drawdown Comparison

The maximum BGEIX drawdown since its inception was -78.69%, which is greater than CEF's maximum drawdown of -62.29%. Use the drawdown chart below to compare losses from any high point for BGEIX and CEF.

Drawdown Indicators

	BGEIX	CEF	Difference
Max Drawdown Largest peak-to-trough decline	-78.69%	-62.29%	-16.40%
Max Drawdown (1Y) Largest decline over 1 year	-36.12%	-30.21%	-5.91%
Max Drawdown (3Y) Largest decline over 3 years	-36.12%	-30.21%	-5.91%
Max Drawdown (5Y) Largest decline over 5 years	-46.62%	-30.21%	-16.41%
Max Drawdown (10Y) Largest decline over 10 years	-51.92%	-30.21%	-21.71%
Current Drawdown Current decline from peak	-29.03%	-30.21%	+1.18%
Average Drawdown Average peak-to-trough decline	-35.14%	-27.33%	-7.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.25%	12.06%	+1.19%

Volatility

BGEIX vs. CEF - Volatility Comparison

American Century Global Gold Fund (BGEIX) has a higher volatility of 16.10% compared to Sprott Physical Gold and Silver Trust (CEF) at 10.98%. This indicates that BGEIX's price experiences larger fluctuations and is considered to be riskier than CEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGEIX	CEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.10%	10.98%	+5.12%
Volatility (6M) Calculated over the trailing 6-month period	37.38%	36.46%	+0.92%
Volatility (1Y) Calculated over the trailing 1-year period	44.52%	39.22%	+5.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.04%	24.62%	+9.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.50%	22.02%	+11.48%

BGEIX vs. CEF - Expense Ratio Comparison

BGEIX has a 0.65% expense ratio, which is higher than CEF's 0.48% expense ratio.

Dividends

BGEIX vs. CEF - Dividend Comparison

BGEIX's dividend yield for the trailing twelve months is around 1.19%, while CEF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGEIX American Century Global Gold Fund	1.19%	0.85%	1.36%	1.56%	1.38%	2.13%	0.56%	0.87%	0.00%	0.00%	10.56%	0.00%
CEF Sprott Physical Gold and Silver Trust	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.07%	0.09%	0.10%

Frequently Asked Questions

Can I hold both BGEIX and CEF in my portfolio?

BGEIX and CEF have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGEIX or CEF?

BGEIX has higher volatility (16.10%) compared to CEF (10.98%). In terms of maximum drawdown, BGEIX dropped -78.69% vs CEF's -62.29%.

Which has better risk-adjusted returns?

BGEIX currently has the higher Sharpe Ratio (1.29 vs 0.91), 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.