DNLAX vs. SGGDX

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon Natural Resources Fund Class A (DNLAX) and First Eagle Gold Fund (SGGDX).

DNLAX is managed by BNY Mellon. It was launched on Oct 31, 2003. SGGDX is managed by First Eagle. It was launched on Aug 30, 1993.

Performance

DNLAX vs. SGGDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Natural Resources Fund Class A (DNLAX) and First Eagle Gold Fund (SGGDX). The values are adjusted to include any dividend payments, if applicable.

DNLAX vs. SGGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DNLAX BNY Mellon Natural Resources Fund Class A	22.63%	14.75%	0.86%	1.33%	33.83%	38.00%	6.30%	16.33%	-17.78%	13.69%
SGGDX First Eagle Gold Fund	2.57%	128.39%	10.32%	7.01%	-1.56%	-7.78%	29.63%	38.51%	-15.90%	8.12%

Returns By Period

In the year-to-date period, DNLAX achieves a 22.63% return, which is significantly higher than SGGDX's 2.57% return. Over the past 10 years, DNLAX has underperformed SGGDX with an annualized return of 14.07%, while SGGDX has yielded a comparatively higher 15.55% annualized return.

DNLAX

• 1D: -0.55%
• 1M: -1.40%
• YTD: 22.63%
• 6M: 31.46%
• 1Y: 47.26%
• 3Y*: 13.86%
• 5Y*: 18.10%
• 10Y*: 14.07%

SGGDX

• 1D: -0.12%
• 1M: -22.40%
• YTD: 2.57%
• 6M: 18.94%
• 1Y: 78.09%
• 3Y*: 35.63%
• 5Y*: 22.59%
• 10Y*: 15.55%

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

DNLAX vs. SGGDX - Expense Ratio Comparison

DNLAX has a 1.14% expense ratio, which is lower than SGGDX's 1.19% expense ratio.

SGGDX

First Eagle Gold Fund

DNLAX

BNY Mellon Natural Resources Fund Class A

Return for Risk

DNLAX vs. SGGDX — Risk / Return Rank

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

DNLAX

DNLAX Risk / Return Rank: 86
DNLAX Sharpe Ratio Rank: 88
DNLAX Sortino Ratio Rank: 85
DNLAX Omega Ratio Rank: 86
DNLAX Calmar Ratio Rank: 84
DNLAX Martin Ratio Rank: 88

SGGDX

SGGDX Risk / Return Rank: 90
SGGDX Sharpe Ratio Rank: 93
SGGDX Sortino Ratio Rank: 87
SGGDX Omega Ratio Rank: 86
SGGDX Calmar Ratio Rank: 93
SGGDX Martin Ratio Rank: 92

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.

DNLAX vs. SGGDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Natural Resources Fund Class A (DNLAX) 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.

	DNLAX	SGGDX	Difference
Sharpe ratio Return per unit of total volatility	1.78	2.06	-0.28
Sortino ratio Return per unit of downside risk	2.24	2.32	-0.08
Omega ratio Gain probability vs. loss probability	1.36	1.35	0.00
Calmar ratio Return relative to maximum drawdown	2.10	2.96	-0.86
Martin ratio Return relative to average drawdown	9.54	10.93	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DNLAX vs. SGGDX - Sharpe Ratio Comparison

The current DNLAX Sharpe Ratio is 1.78, which is comparable to the SGGDX Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of DNLAX and SGGDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DNLAX	SGGDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	2.06	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.81	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.57	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.29	+0.07

Correlation

The correlation between DNLAX and SGGDX is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DNLAX vs. SGGDX - Dividend Comparison

DNLAX's dividend yield for the trailing twelve months is around 1.79%, more than SGGDX's 1.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DNLAX BNY Mellon Natural Resources Fund Class A	1.79%	2.19%	7.75%	12.54%	9.80%	5.04%	0.91%	1.95%	1.53%	0.40%	1.26%	0.98%
SGGDX First Eagle Gold Fund	1.05%	1.08%	5.26%	0.87%	0.00%	0.96%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

DNLAX vs. SGGDX - Drawdown Comparison

The maximum DNLAX drawdown since its inception was -69.14%, roughly equal to the maximum SGGDX drawdown of -70.69%. Use the drawdown chart below to compare losses from any high point for DNLAX and SGGDX.

Drawdown Indicators

	DNLAX	SGGDX	Difference
Max Drawdown Largest peak-to-trough decline	-69.14%	-70.69%	+1.55%
Max Drawdown (1Y) Largest decline over 1 year	-20.87%	-26.67%	+5.80%
Max Drawdown (5Y) Largest decline over 5 years	-32.37%	-34.02%	+1.65%
Max Drawdown (10Y) Largest decline over 10 years	-54.45%	-42.16%	-12.29%
Current Drawdown Current decline from peak	-2.30%	-22.75%	+20.45%
Average Drawdown Average peak-to-trough decline	-21.71%	-29.49%	+7.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	7.21%	-2.62%

Volatility

DNLAX vs. SGGDX - Volatility Comparison

The current volatility for BNY Mellon Natural Resources Fund Class A (DNLAX) is 6.09%, while First Eagle Gold Fund (SGGDX) has a volatility of 13.90%. This indicates that DNLAX 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.

Volatility by Period

	DNLAX	SGGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	13.90%	-7.81%
Volatility (6M) Calculated over the trailing 6-month period	15.21%	32.50%	-17.29%
Volatility (1Y) Calculated over the trailing 1-year period	26.61%	38.59%	-11.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.94%	28.10%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.58%	27.14%	-1.56%