EPGIX vs. AU

Last updated Jun 24, 2026

EPGIX (EuroPac Gold Fund Class I) is Gold fund managed by Investment Managers Series Trust, while AU (AngloGold Ashanti Limited) is a stock. Over the past 5 years, EPGIX returned 14.37%/yr vs 38.40%/yr for AU. A 0.79 correlation means they provide meaningful diversification when combined.

Performance

EPGIX vs. AU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EuroPac Gold Fund Class I (EPGIX) and AngloGold Ashanti Limited (AU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPGIX achieves a -1.55% return, which is significantly lower than AU's 1.12% return.

EPGIX

• 1D: -1.40%
• 1M: -3.77%
• YTD: -1.55%
• 6M: -5.30%
• 1Y: 53.13%
• 3Y*: 34.77%
• 5Y*: 14.37%
• 10Y*: —

AU

• 1D: -2.83%
• 1M: -6.43%
• YTD: 1.12%
• 6M: -3.75%
• 1Y: 83.06%
• 3Y*: 59.94%
• 5Y*: 38.40%
• 10Y*: 19.60%

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

EPGIX vs. AU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EPGIX EuroPac Gold Fund Class I	-1.55%	129.72%	8.80%	2.51%	-13.84%	-17.82%	37.43%	37.47%	5.95%
AU AngloGold Ashanti Limited	1.12%	288.18%	25.43%	-2.68%	-5.09%	-4.87%	1.90%	78.89%	27.15%

Correlation

The correlation between EPGIX and AU is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Nov 20, 2018	0.79

The correlation between EPGIX and AU has been stable across timeframes, ranging from 0.79 to 0.85 - a consistent structural relationship.

Return for Risk

EPGIX vs. AU — Risk / Return Rank

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

EPGIX

EPGIX Risk / Return Rank: 24
EPGIX Sharpe Ratio Rank: 27
EPGIX Sortino Ratio Rank: 21
EPGIX Omega Ratio Rank: 27
EPGIX Calmar Ratio Rank: 27
EPGIX Martin Ratio Rank: 20

AU

AU Risk / Return Rank: 77
AU Sharpe Ratio Rank: 81
AU Sortino Ratio Rank: 75
AU Omega Ratio Rank: 74
AU Calmar Ratio Rank: 78
AU Martin Ratio Rank: 79

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.

EPGIX vs. AU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EuroPac Gold Fund Class I (EPGIX) and AngloGold Ashanti Limited (AU). 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.

	EPGIX	AU	Difference
Sharpe ratio: Return per unit of total volatility	1.38	1.42	-0.05
Sortino ratio: Return per unit of downside risk	1.76	1.90	-0.14
Omega ratio: Gain probability vs. loss probability	1.25	1.25	0.00
Calmar ratio: Return relative to maximum drawdown	1.80	2.25	-0.45
Martin ratio: Return relative to average drawdown	4.76	5.74	-0.98

EPGIX vs. AU - Sharpe Ratio Comparison

The current EPGIX Sharpe Ratio is 1.38, which is comparable to the AU Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of EPGIX and AU, 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

EPGIX vs. AU - Drawdown Comparison

The maximum EPGIX drawdown since its inception was -50.71%, smaller than the maximum AU drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for EPGIX and AU.

Drawdown Indicators

	EPGIX	AU	Difference
Max Drawdown Largest peak-to-trough decline	-50.71%	-90.12%	+39.41%
Max Drawdown (1Y) Largest decline over 1 year	-30.75%	-37.03%	+6.28%
Max Drawdown (3Y) Largest decline over 3 years	-30.75%	-37.03%	+6.28%
Max Drawdown (5Y) Largest decline over 5 years	-44.85%	-51.75%	+6.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-67.91%	—
Current Drawdown Current decline from peak	-24.95%	-32.76%	+7.81%
Average Drawdown Average peak-to-trough decline	-18.62%	-46.05%	+27.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.62%	14.54%	-2.92%

Volatility

EPGIX vs. AU - Volatility Comparison

The current volatility for EuroPac Gold Fund Class I (EPGIX) is 14.20%, while AngloGold Ashanti Limited (AU) has a volatility of 20.08%. This indicates that EPGIX experiences smaller price fluctuations and is considered to be less risky than AU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPGIX	AU	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.20%	20.08%	-5.88%
Volatility (6M) Calculated over the trailing 6-month period	33.85%	47.21%	-13.36%
Volatility (1Y) Calculated over the trailing 1-year period	40.33%	58.70%	-18.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.81%	49.26%	-16.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.99%	49.82%	-15.83%

Dividends

EPGIX vs. AU - Dividend Comparison

EPGIX's dividend yield for the trailing twelve months is around 7.07%, more than AU's 5.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
AU AngloGold Ashanti Limited	5.49%	2.96%	1.78%	1.14%	2.26%	2.58%	0.49%	0.30%	0.48%	0.93%
EPGIX EuroPac Gold Fund Class I	7.07%	6.96%	10.56%	0.00%	0.00%	2.76%	8.83%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPGIX and AU in my portfolio?

EPGIX and AU have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPGIX or AU?

AU has higher volatility (20.08%) compared to EPGIX (14.20%). In terms of maximum drawdown, EPGIX dropped -50.71% vs AU's -90.12%.

Which has better risk-adjusted returns?

AU currently has the higher Sharpe Ratio (1.42 vs 1.38), 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.