BKR vs. SGDM

Last updated Jun 4, 2026

BKR (Baker Hughes Company) is a stock, while SGDM (Sprott Gold Miners ETF) is Materials fund tracking the Solactive Gold Miners Custom Factors Index. Over the past 5 years, BKR returned 22.72%/yr vs 18.63%/yr for SGDM. At a 0.18 correlation, their price movements are largely independent.

Performance

BKR vs. SGDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baker Hughes Company (BKR) and Sprott Gold Miners ETF (SGDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BKR achieves a 42.13% return, which is significantly higher than SGDM's 1.41% return.

BKR

• 1D: -0.42%
• 1M: -6.56%
• YTD: 42.13%
• 6M: 28.20%
• 1Y: 74.16%
• 3Y*: 32.36%
• 5Y*: 22.72%
• 10Y*: —

SGDM

• 1D: -2.86%
• 1M: 0.94%
• YTD: 1.41%
• 6M: 8.11%
• 1Y: 56.96%
• 3Y*: 38.97%
• 5Y*: 18.63%
• 10Y*: 12.63%

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

BKR vs. SGDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BKR Baker Hughes Company	42.13%	13.39%	23.11%	18.58%	25.96%	19.03%	-15.15%	23.01%	-30.43%	-14.15%
SGDM Sprott Gold Miners ETF	1.41%	153.46%	12.14%	2.34%	-8.23%	-9.15%	21.85%	44.27%	-15.14%	8.39%

Correlation

The correlation between BKR and SGDM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 6, 2017	0.18

Return for Risk

BKR vs. SGDM — Risk / Return Rank

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

BKR

BKR Risk / Return Rank: 89
BKR Sharpe Ratio Rank: 90
BKR Sortino Ratio Rank: 88
BKR Omega Ratio Rank: 86
BKR Calmar Ratio Rank: 89
BKR Martin Ratio Rank: 91

SGDM

SGDM Risk / Return Rank: 34
SGDM Sharpe Ratio Rank: 35
SGDM Sortino Ratio Rank: 30
SGDM Omega Ratio Rank: 35
SGDM Calmar Ratio Rank: 38
SGDM Martin Ratio Rank: 32

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.

BKR vs. SGDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baker Hughes Company (BKR) and Sprott Gold Miners ETF (SGDM). 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.

	BKR	SGDM	Difference
Sharpe ratio Return per unit of total volatility	2.30	1.28	+1.02
Sortino ratio Return per unit of downside risk	3.02	1.67	+1.35
Omega ratio Gain probability vs. loss probability	1.38	1.24	+0.15
Calmar ratio Return relative to maximum drawdown	4.42	1.91	+2.52
Martin ratio Return relative to average drawdown	13.60	4.83	+8.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BKR vs. SGDM - Sharpe Ratio Comparison

The current BKR Sharpe Ratio is 2.30, which is higher than the SGDM Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of BKR and SGDM, 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

	BKR	SGDM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	1.28	+1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.52	+0.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.26	-0.03

Drawdowns

BKR vs. SGDM - Drawdown Comparison

The maximum BKR drawdown since its inception was -73.51%, which is greater than SGDM's maximum drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for BKR and SGDM.

Drawdown Indicators

	BKR	SGDM	Difference
Max Drawdown Largest peak-to-trough decline	-73.51%	-54.95%	-18.56%
Max Drawdown (1Y) Largest decline over 1 year	-16.86%	-30.04%	+13.18%
Max Drawdown (3Y) Largest decline over 3 years	-28.00%	-30.04%	+2.04%
Max Drawdown (5Y) Largest decline over 5 years	-46.53%	-45.06%	-1.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.69%	—
Current Drawdown Current decline from peak	-7.44%	-25.93%	+18.49%
Average Drawdown Average peak-to-trough decline	-22.13%	-25.46%	+3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.47%	11.83%	-6.36%

Volatility

BKR vs. SGDM - Volatility Comparison

The current volatility for Baker Hughes Company (BKR) is 9.97%, while Sprott Gold Miners ETF (SGDM) has a volatility of 14.45%. This indicates that BKR experiences smaller price fluctuations and is considered to be less risky than SGDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BKR	SGDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.97%	14.45%	-4.48%
Volatility (6M) Calculated over the trailing 6-month period	24.31%	36.91%	-12.60%
Volatility (1Y) Calculated over the trailing 1-year period	32.41%	44.84%	-12.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.96%	35.78%	-0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.09%	36.81%	+3.28%

Dividends

BKR vs. SGDM - Dividend Comparison

BKR's dividend yield for the trailing twelve months is around 1.43%, more than SGDM's 1.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BKR Baker Hughes Company	1.43%	2.02%	2.05%	2.28%	2.47%	2.99%	3.45%	2.81%	3.35%	56.42%	0.00%	0.00%
SGDM Sprott Gold Miners ETF	1.03%	1.04%	1.04%	1.39%	1.42%	1.33%	0.30%	0.25%	0.50%	0.58%	0.02%	1.47%

Frequently Asked Questions

Can I hold both BKR and SGDM in my portfolio?

BKR and SGDM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BKR or SGDM?

SGDM has higher volatility (14.45%) compared to BKR (9.97%). In terms of maximum drawdown, BKR dropped -73.51% vs SGDM's -54.95%.

Which has better risk-adjusted returns?

BKR currently has the higher Sharpe Ratio (2.30 vs 1.28), 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.