BGEIX vs. SGDLX

Last updated Jun 24, 2026

BGEIX (American Century Global Gold Fund) and SGDLX (Sprott Gold Equity Fund) are both Gold funds. Over the past 5 years, BGEIX returned 20.22%/yr vs 19.76%/yr for SGDLX. With a 0.95 correlation, they move nearly in lockstep. BGEIX charges 0.65%/yr vs 1.44%/yr for SGDLX.

Performance

BGEIX vs. SGDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Global Gold Fund (BGEIX) 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, BGEIX achieves a -4.97% return, which is significantly lower than SGDLX's -2.59% 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%

SGDLX

• 1D: -0.76%
• 1M: -2.10%
• YTD: -2.59%
• 6M: -7.06%
• 1Y: 61.32%
• 3Y*: 43.77%
• 5Y*: 19.76%
• 10Y*: —

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

BGEIX vs. SGDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BGEIX American Century Global Gold Fund	-4.97%	158.45%	15.10%	7.52%	-12.54%	-8.85%	22.24%
SGDLX Sprott Gold Equity Fund	-2.59%	147.67%	20.58%	1.91%	-13.21%	-11.79%	35.30%

Correlation

The correlation between BGEIX and SGDLX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020	0.95

The correlation between BGEIX and SGDLX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

BGEIX vs. SGDLX — 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

SGDLX

SGDLX Risk / Return Rank: 26
SGDLX Sharpe Ratio Rank: 30
SGDLX Sortino Ratio Rank: 23
SGDLX Omega Ratio Rank: 29
SGDLX Calmar Ratio Rank: 27
SGDLX Martin Ratio Rank: 21

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. SGDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Global Gold Fund (BGEIX) 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.

	BGEIX	SGDLX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.47	-0.19
Sortino ratio: Return per unit of downside risk	1.71	1.86	-0.16
Omega ratio: Gain probability vs. loss probability	1.24	1.26	-0.03
Calmar ratio: Return relative to maximum drawdown	1.58	1.83	-0.25
Martin ratio: Return relative to average drawdown	4.30	4.85	-0.54

BGEIX vs. SGDLX - Sharpe Ratio Comparison

The current BGEIX Sharpe Ratio is 1.29, which is comparable to the SGDLX Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of BGEIX 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.

Drawdowns

BGEIX vs. SGDLX - Drawdown Comparison

The maximum BGEIX drawdown since its inception was -78.69%, which is greater than SGDLX's maximum drawdown of -47.59%. Use the drawdown chart below to compare losses from any high point for BGEIX and SGDLX.

Drawdown Indicators

	BGEIX	SGDLX	Difference
Max Drawdown Largest peak-to-trough decline	-78.69%	-47.59%	-31.10%
Max Drawdown (1Y) Largest decline over 1 year	-36.12%	-33.98%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-36.12%	-33.98%	-2.14%
Max Drawdown (5Y) Largest decline over 5 years	-46.62%	-42.98%	-3.64%
Max Drawdown (10Y) Largest decline over 10 years	-51.92%	—	—
Current Drawdown Current decline from peak	-29.03%	-26.67%	-2.36%
Average Drawdown Average peak-to-trough decline	-35.14%	-18.35%	-16.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.25%	12.80%	+0.45%

Volatility

BGEIX vs. SGDLX - Volatility Comparison

American Century Global Gold Fund (BGEIX) and Sprott Gold Equity Fund (SGDLX) have volatilities of 16.10% and 16.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGEIX	SGDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.10%	16.04%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	37.38%	36.04%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	44.52%	42.26%	+2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.04%	32.07%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.50%	34.17%	-0.67%

BGEIX vs. SGDLX - Expense Ratio Comparison

BGEIX has a 0.65% expense ratio, which is lower than SGDLX's 1.44% expense ratio.

Dividends

BGEIX vs. SGDLX - Dividend Comparison

BGEIX's dividend yield for the trailing twelve months is around 1.19%, more than SGDLX's 0.69% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
SGDLX Sprott Gold Equity Fund	0.69%	0.67%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BGEIX and SGDLX in my portfolio?

With a correlation of 0.96, BGEIX 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, BGEIX or SGDLX?

BGEIX has higher volatility (16.10%) compared to SGDLX (16.04%). In terms of maximum drawdown, BGEIX dropped -78.69% vs SGDLX's -47.59%.

Which has better risk-adjusted returns?

SGDLX currently has the higher Sharpe Ratio (1.47 vs 1.29), 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.