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EPGFX vs. ^GSPC
Performance
Return for Risk
Drawdowns
Volatility

EPGFX vs. ^GSPC

Last updated Jun 3, 2026

EPGFX (EuroPac Gold Fund) is Precious Metals fund managed by Euro Pacific Asset Management, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, EPGFX returned 12.75%/yr vs 13.75%/yr for ^GSPC. At a 0.18 correlation, their price movements are largely independent.

Performance

EPGFX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EuroPac Gold Fund (EPGFX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EPGFX achieves a 5.82% return, which is significantly lower than ^GSPC's 11.16% return. Over the past 10 years, EPGFX has underperformed ^GSPC with an annualized return of 12.75%, while ^GSPC has yielded a comparatively higher 13.75% annualized return.

EPGFX

1D
-1.92%
1M
1.46%
YTD
5.82%
6M
11.36%
1Y
66.17%
3Y*
35.19%
5Y*
12.98%
10Y*
12.75%

^GSPC

1D
0.13%
1M
5.25%
YTD
11.16%
6M
11.43%
1Y
28.20%
3Y*
21.12%
5Y*
12.66%
10Y*
13.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPGFX vs. ^GSPC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPGFX
EuroPac Gold Fund		5.82%129.06%8.51%2.31%-14.00%-18.06%36.99%37.25%-13.85%12.73%
^GSPC
S&P 500 Index		11.16%16.39%23.31%24.23%-19.44%26.89%16.26%28.88%-6.24%19.42%

Correlation

The correlation between EPGFX and ^GSPC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.30

Correlation (5Y)
Calculated over the trailing 5-year period

0.30

Correlation (10Y)
Calculated over the trailing 10-year period

0.21

Correlation (All Time)
Calculated using the full available price history since Jan 3, 2014

0.18

The correlation between EPGFX and ^GSPC shifts across timeframes, from 0.18 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

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EuroPac Gold Fund

S&P 500 Index

Often compared with EPGFX:
EPGFX vs. FKRCXEPGFX vs. SGDMEPGFX vs. SPYEPGFX vs. RYOCXEPGFX vs. ^XAUEPGFX vs. FOCPXEPGFX vs. SPUS
Often compared with ^GSPC:
^GSPC vs. ^IBEX^GSPC vs. AVGO^GSPC vs. SCHD^GSPC vs. TSMU^GSPC vs. GC=F^GSPC vs. QQQ^GSPC vs. ACWI

Return for Risk

EPGFX vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPGFX
EPGFX Risk / Return Rank: 3737
Overall Rank
EPGFX Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
EPGFX Sortino Ratio Rank: 2828
Sortino Ratio Rank
EPGFX Omega Ratio Rank: 3737
Omega Ratio Rank
EPGFX Calmar Ratio Rank: 4646
Calmar Ratio Rank
EPGFX Martin Ratio Rank: 3232
Martin Ratio Rank
^GSPC
^GSPC Risk / Return Rank: 7979
Overall Rank
^GSPC Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
^GSPC Sortino Ratio Rank: 7676
Sortino Ratio Rank
^GSPC Omega Ratio Rank: 7777
Omega Ratio Rank
^GSPC Calmar Ratio Rank: 7979
Calmar Ratio Rank
^GSPC Martin Ratio Rank: 8888
Martin Ratio Rank
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.

EPGFX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EuroPac Gold Fund (EPGFX) and S&P 500 Index (^GSPC). 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.

EPGFX^GSPCDifference

Sharpe ratio

Return per unit of total volatility

1.93

2.39

-0.46

Sortino ratio

Return per unit of downside risk

2.25

3.25

-1.00

Omega ratio

Gain probability vs. loss probability

1.33

1.43

-0.11

Calmar ratio

Return relative to maximum drawdown

2.62

3.16

-0.54

Martin ratio

Return relative to average drawdown

7.49

14.61

-7.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EPGFX vs. ^GSPC - Sharpe Ratio Comparison

The current EPGFX Sharpe Ratio is 1.93, which is comparable to the ^GSPC Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of EPGFX and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

EPGFX^GSPCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.93

2.39

-0.46

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

0.75

-0.35

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.76

-0.37

Sharpe Ratio (All Time)

Calculated using the full available price history

0.34

0.47

-0.13

Drawdowns

EPGFX vs. ^GSPC - Drawdown Comparison

The maximum EPGFX drawdown since its inception was -56.70%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for EPGFX and ^GSPC.

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Drawdown Indicators

EPGFX^GSPCDifference

Max Drawdown

Largest peak-to-trough decline

-56.70%

-56.78%

+0.08%

Max Drawdown (1Y)

Largest decline over 1 year

-28.88%

-9.10%

-19.78%

Max Drawdown (3Y)

Largest decline over 3 years

-28.88%

-18.90%

-9.98%

Max Drawdown (5Y)

Largest decline over 5 years

-47.20%

-25.43%

-21.77%

Max Drawdown (10Y)

Largest decline over 10 years

-51.03%

-33.92%

-17.11%

Current Drawdown

Current decline from peak

-19.31%

0.00%

-19.31%

Average Drawdown

Average peak-to-trough decline

-22.03%

-10.72%

-11.31%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.10%

1.97%

+8.13%

Volatility

EPGFX vs. ^GSPC - Volatility Comparison

EuroPac Gold Fund (EPGFX) has a higher volatility of 12.32% compared to S&P 500 Index (^GSPC) at 2.84%. This indicates that EPGFX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPGFX^GSPCDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.32%

2.84%

+9.48%

Volatility (6M)

Calculated over the trailing 6-month period

31.77%

8.98%

+22.79%

Volatility (1Y)

Calculated over the trailing 1-year period

38.77%

11.87%

+26.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

32.50%

16.90%

+15.60%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

32.52%

18.07%

+14.45%

Frequently Asked Questions

EPGFX and ^GSPC have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EPGFX has higher volatility (12.32%) compared to ^GSPC (2.84%). In terms of maximum drawdown, EPGFX dropped -56.70% vs ^GSPC's -56.78%.

^GSPC currently has the higher Sharpe Ratio (2.39 vs 1.93), 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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