BGEIX vs. SGGDX

Last updated Jun 23, 2026

BGEIX (American Century Global Gold Fund) and SGGDX (First Eagle Gold Fund) are both Gold funds. Over the past 10 years, BGEIX returned 12.88%/yr vs 12.78%/yr for SGGDX. Their correlation of 0.94 suggests significant overlap in exposure. BGEIX charges 0.65%/yr vs 1.19%/yr for SGGDX.

Performance

BGEIX vs. SGGDX - Performance Comparison

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

Returns By Period

In the year-to-date period, BGEIX achieves a -3.68% return, which is significantly lower than SGGDX's -2.03% return. Both investments have delivered pretty close results over the past 10 years, with BGEIX having a 12.88% annualized return and SGGDX not far behind at 12.78%.

BGEIX

• 1D: -2.27%
• 1M: -3.15%
• YTD: -3.68%
• 6M: -7.64%
• 1Y: 59.00%
• 3Y*: 42.03%
• 5Y*: 20.76%
• 10Y*: 12.88%

SGGDX

• 1D: -2.15%
• 1M: -4.16%
• YTD: -2.03%
• 6M: -5.46%
• 1Y: 51.32%
• 3Y*: 35.40%
• 5Y*: 20.35%
• 10Y*: 12.78%

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

BGEIX vs. SGGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGEIX American Century Global Gold Fund	-3.68%	158.45%	15.10%	7.52%	-12.54%	-8.85%	18.92%	37.82%	-7.43%	10.62%
SGGDX First Eagle Gold Fund	-2.03%	128.39%	10.32%	7.01%	-1.56%	-7.78%	29.63%	38.51%	-15.90%	8.12%

Correlation

The correlation between BGEIX and SGGDX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.98
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.95

The correlation between BGEIX and SGGDX has been stable across timeframes, ranging from 0.94 to 0.98 - a consistent structural relationship.

Return for Risk

BGEIX vs. SGGDX — 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: 23
BGEIX Sortino Ratio Rank: 19
BGEIX Omega Ratio Rank: 23
BGEIX Calmar Ratio Rank: 21
BGEIX Martin Ratio Rank: 18

SGGDX

SGGDX Risk / Return Rank: 20
SGGDX Sharpe Ratio Rank: 22
SGGDX Sortino Ratio Rank: 17
SGGDX Omega Ratio Rank: 23
SGGDX Calmar Ratio Rank: 20
SGGDX Martin Ratio Rank: 17

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. SGGDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Global Gold Fund (BGEIX) and First Eagle Gold Fund (SGGDX). 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	SGGDX	Difference
Sharpe ratio: Return per unit of total volatility	1.28	1.25	+0.03
Sortino ratio: Return per unit of downside risk	1.70	1.64	+0.07
Omega ratio: Gain probability vs. loss probability	1.24	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.58	1.54	+0.04
Martin ratio: Return relative to average drawdown	4.33	4.25	+0.08

BGEIX vs. SGGDX - Sharpe Ratio Comparison

The current BGEIX Sharpe Ratio is 1.28, which is comparable to the SGGDX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of BGEIX and SGGDX, 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. SGGDX - Drawdown Comparison

The maximum BGEIX drawdown since its inception was -78.69%, which is greater than SGGDX's maximum drawdown of -70.69%. Use the drawdown chart below to compare losses from any high point for BGEIX and SGGDX.

Drawdown Indicators

	BGEIX	SGGDX	Difference
Max Drawdown Largest peak-to-trough decline	-78.69%	-70.69%	-8.00%
Max Drawdown (1Y) Largest decline over 1 year	-36.12%	-32.40%	-3.72%
Max Drawdown (3Y) Largest decline over 3 years	-36.12%	-32.40%	-3.72%
Max Drawdown (5Y) Largest decline over 5 years	-46.62%	-34.02%	-12.60%
Max Drawdown (10Y) Largest decline over 10 years	-51.92%	-42.16%	-9.76%
Current Drawdown Current decline from peak	-28.07%	-26.21%	-1.86%
Average Drawdown Average peak-to-trough decline	-35.14%	-29.42%	-5.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.13%	11.72%	+1.41%

Volatility

BGEIX vs. SGGDX - Volatility Comparison

American Century Global Gold Fund (BGEIX) has a higher volatility of 16.29% compared to First Eagle Gold Fund (SGGDX) at 13.55%. This indicates that BGEIX's price experiences larger fluctuations and is considered to be riskier than SGGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGEIX	SGGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.29%	13.55%	+2.74%
Volatility (6M) Calculated over the trailing 6-month period	37.40%	34.11%	+3.29%
Volatility (1Y) Calculated over the trailing 1-year period	44.44%	39.76%	+4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.03%	29.11%	+4.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.49%	27.38%	+6.11%

BGEIX vs. SGGDX - Expense Ratio Comparison

BGEIX has a 0.65% expense ratio, which is lower than SGGDX's 1.19% expense ratio.

Dividends

BGEIX vs. SGGDX - Dividend Comparison

BGEIX's dividend yield for the trailing twelve months is around 1.17%, more than SGGDX's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BGEIX American Century Global Gold Fund	1.17%	0.85%	1.36%	1.56%	1.38%	2.13%	0.56%	0.87%	0.00%	0.00%	10.56%
SGGDX First Eagle Gold Fund	1.10%	1.08%	5.26%	0.87%	0.00%	0.96%	1.25%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BGEIX and SGGDX in my portfolio?

With a correlation of 0.98, BGEIX and SGGDX 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 SGGDX?

BGEIX has higher volatility (16.29%) compared to SGGDX (13.55%). In terms of maximum drawdown, BGEIX dropped -78.69% vs SGGDX's -70.69%.

Which has better risk-adjusted returns?

BGEIX currently has the higher Sharpe Ratio (1.28 vs 1.25), 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.