CEF vs. SGGDX
CEF (Sprott Physical Gold and Silver Trust) and SGGDX (First Eagle Gold Fund) are both Gold funds. Over the past 10 years, CEF returned 10.97%/yr vs 10.06%/yr for SGGDX. Their 0.65 correlation means they have sometimes moved together and sometimes differently. CEF charges 0.48%/yr vs 1.19%/yr for SGGDX.
Performance
CEF vs. SGGDX - Performance Comparison
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Returns By Period
In the year-to-date period, CEF achieves a -12.40% return, which is significantly lower than SGGDX's -9.65% return. Over the past 10 years, CEF has outperformed SGGDX with an annualized return of 10.97%, while SGGDX has yielded a comparatively lower 10.06% annualized return.
CEF
- 1D
- 0.27%
- 1M
- -2.93%
- 6M
- -16.42%
- YTD
- -12.40%
- 1Y
- 30.81%
- 3Y*
- 30.03%
- 5Y*
- 16.52%
- 10Y*
- 10.97%
- ALL TIME*
- 5.77%
SGGDX
- 1D
- -2.53%
- 1M
- -3.60%
- 6M
- -17.33%
- YTD
- -9.65%
- 1Y
- 40.80%
- 3Y*
- 32.95%
- 5Y*
- 17.94%
- 10Y*
- 10.06%
- ALL TIME*
- 7.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.04M | $23.77M | $29.26M | |
| $0.00 | $0.00 | $0.00 |
CEF vs. SGGDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CEF Sprott Physical Gold and Silver Trust | -12.40% | 92.76% | 24.07% | 6.80% | 1.07% | -8.32% | 31.99% | 16.91% | -6.34% | 18.78% |
SGGDX First Eagle Gold Fund | -9.65% | 128.39% | 10.32% | 7.01% | -1.56% | -7.78% | 29.63% | 38.51% | -15.90% | 8.12% |
Correlation
The correlation between CEF and SGGDX is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.85 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994 | 0.65 |
Over the past year, CEF and SGGDX have become more correlated (0.88) than their long-term average of 0.65, meaning their price movements have been converging.
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Return for Risk
CEF vs. SGGDX — Risk / Return Rank
CEF
SGGDX
CEF vs. SGGDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Gold and Silver Trust (CEF) 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.
| CEF | SGGDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 1.25 | -0.34 |
| Martin ratioReturn relative to average drawdown | 1.92 | 2.72 | -0.80 |
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Drawdowns
CEF vs. SGGDX - Drawdown Comparison
The maximum CEF drawdown since its inception was -62.29%, smaller than the maximum SGGDX drawdown of -70.69%. Use the drawdown chart below to compare losses from any high point for CEF and SGGDX.
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Drawdown Indicators
| CEF | SGGDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.29% | -70.69% | +8.40% |
Max Drawdown (1Y)Largest decline over 1 year | -34.12% | -34.57% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -34.12% | -34.57% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -34.12% | -34.57% | +0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -42.16% | +8.04% |
Current DrawdownCurrent decline from peak | -32.24% | -31.95% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -27.35% | -29.43% | +2.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.07% | 15.84% | +0.23% |
Volatility
CEF vs. SGGDX - Volatility Comparison
The current volatility for Sprott Physical Gold and Silver Trust (CEF) is 8.21%, while First Eagle Gold Fund (SGGDX) has a volatility of 10.16%. This indicates that CEF experiences smaller price fluctuations and is considered to be less risky than SGGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEF | SGGDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.21% | 10.16% | -1.95% |
Volatility (6M)Calculated over the trailing 6-month period | 30.51% | 33.76% | -3.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.18% | 40.64% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.96% | 29.49% | -4.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.06% | 27.42% | -5.36% |
CEF vs. SGGDX - Expense Ratio Comparison
CEF has a 0.48% expense ratio, which is lower than SGGDX's 1.19% expense ratio.
Dividends
CEF vs. SGGDX - Dividend Comparison
CEF has not paid dividends to shareholders, while SGGDX's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SGGDX First Eagle Gold Fund | 1.20% | 1.08% | 5.26% | 0.87% | 0.00% | 0.96% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CEF and SGGDX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGGDX has higher volatility (10.16%) compared to CEF (8.21%). In terms of maximum drawdown, CEF dropped -62.29% vs SGGDX's -70.69%.
SGGDX currently has the higher Sharpe Ratio (1.06 vs 0.77), 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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