FSAGX vs. SGDLX

Last updated Aug 1, 2026

FSAGX (Fidelity Select Gold Portfolio) and SGDLX (Sprott Gold Equity Fund) are both Gold funds. Over the past 5 years, FSAGX returned 15.42%/yr vs 18.29%/yr for SGDLX. Their 0.96 correlation means they have historically moved very closely together. FSAGX charges 0.73%/yr vs 1.44%/yr for SGDLX.

Performance

FSAGX vs. SGDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Gold Portfolio (FSAGX) and Sprott Gold Equity Fund (SGDLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FSAGX achieves a -7.00% return, which is significantly higher than SGDLX's -7.77% return.

FSAGX

• 1D: 4.33%
• 1M: -1.70%
• 6M: -15.93%
• YTD: -7.00%
• 1Y: 45.29%
• 3Y*: 35.46%
• 5Y*: 15.42%
• 10Y*: 8.60%
• ALL TIME*: 6.57%

SGDLX

• 1D: 2.84%
• 1M: -2.98%
• 6M: -15.89%
• YTD: -7.77%
• 1Y: 57.68%
• 3Y*: 39.71%
• 5Y*: 18.29%
• 10Y*: —
• ALL TIME*: 17.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FSAGX Fidelity Select Gold Portfolio	$0.00	$0.00	$0.00
SGDLX Sprott Gold Equity Fund	$0.00	$0.00	$0.00

FSAGX vs. SGDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FSAGX Fidelity Select Gold Portfolio	-7.00%	143.05%	14.97%	-0.37%	-13.46%	-10.44%	29.70%
SGDLX Sprott Gold Equity Fund	-7.77%	147.67%	20.58%	1.91%	-13.21%	-11.79%	35.30%

Correlation

The correlation between FSAGX and SGDLX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020	0.96

The correlation between FSAGX and SGDLX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

FSAGX vs. SGDLX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FSAGX

FSAGX Risk / Return Rank: 30
FSAGX Sharpe Ratio Rank: 33
FSAGX Sortino Ratio Rank: 32
FSAGX Omega Ratio Rank: 35
FSAGX Calmar Ratio Rank: 29
FSAGX Martin Ratio Rank: 21

SGDLX

SGDLX Risk / Return Rank: 43
SGDLX Sharpe Ratio Rank: 53
SGDLX Sortino Ratio Rank: 44
SGDLX Omega Ratio Rank: 50
SGDLX Calmar Ratio Rank: 43
SGDLX Martin Ratio Rank: 26

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FSAGX vs. SGDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Gold Portfolio (FSAGX) and Sprott Gold Equity Fund (SGDLX). 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.

	FSAGX	SGDLX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	1.36	-0.33
Sortino ratio: Return per unit of downside risk	1.46	1.77	-0.31
Omega ratio: Gain probability vs. loss probability	1.20	1.24	-0.04
Calmar ratio: Return relative to maximum drawdown	1.24	1.66	-0.42
Martin ratio: Return relative to average drawdown	2.75	3.58	-0.83

FSAGX vs. SGDLX - Sharpe Ratio Comparison

The current FSAGX Sharpe Ratio is 1.02, which is comparable to the SGDLX Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of FSAGX and SGDLX, 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

FSAGX vs. SGDLX - Drawdown Comparison

The maximum FSAGX drawdown since its inception was -77.21%, which is greater than SGDLX's maximum drawdown of -47.59%. Use the drawdown chart below to compare losses from any high point for FSAGX and SGDLX.

Drawdown Indicators

	FSAGX	SGDLX	Difference
Max Drawdown Largest peak-to-trough decline	-77.21%	-47.59%	-29.62%
Max Drawdown (1Y) Largest decline over 1 year	-37.90%	-35.46%	-2.44%
Max Drawdown (3Y) Largest decline over 3 years	-37.90%	-35.46%	-2.44%
Max Drawdown (5Y) Largest decline over 5 years	-45.94%	-42.98%	-2.96%
Max Drawdown (10Y) Largest decline over 10 years	-50.57%	—	—
Current Drawdown Current decline from peak	-31.89%	-30.56%	-1.33%
Average Drawdown Average peak-to-trough decline	-33.34%	-18.56%	-14.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.13%	16.43%	+0.70%

Volatility

FSAGX vs. SGDLX - Volatility Comparison

Fidelity Select Gold Portfolio (FSAGX) and Sprott Gold Equity Fund (SGDLX) have volatilities of 12.39% and 11.84%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSAGX	SGDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.39%	11.84%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	38.50%	36.60%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	46.25%	43.59%	+2.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.53%	32.46%	+2.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.42%	34.29%	-0.87%

FSAGX vs. SGDLX - Expense Ratio Comparison

FSAGX has a 0.73% expense ratio, which is lower than SGDLX's 1.44% expense ratio.

Dividends

FSAGX vs. SGDLX - Dividend Comparison

FSAGX's dividend yield for the trailing twelve months is around 5.52%, more than SGDLX's 0.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FSAGX Fidelity Select Gold Portfolio	5.52%	2.17%	3.62%	0.99%	0.36%	1.60%	4.40%	0.40%	0.00%	0.22%	3.57%
SGDLX Sprott Gold Equity Fund	0.72%	0.67%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FSAGX and SGDLX in my portfolio?

With a correlation of 0.96, FSAGX and SGDLX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FSAGX or SGDLX?

FSAGX has higher volatility (12.39%) compared to SGDLX (11.84%). In terms of maximum drawdown, FSAGX dropped -77.21% vs SGDLX's -47.59%.

Which has better risk-adjusted returns?

SGDLX currently has the higher Sharpe Ratio (1.35 vs 1.02), 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.