GOLDX vs. FEGIX
GOLDX (Gabelli Gold Fund) and FEGIX (First Eagle Gold Fund Class I) are both Gold funds. Over the past 10 years, GOLDX returned 10.45%/yr vs 10.81%/yr for FEGIX. Their 0.97 correlation means they have historically moved very closely together. GOLDX charges 1.51%/yr vs 0.96%/yr for FEGIX.
Performance
GOLDX vs. FEGIX - Performance Comparison
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Returns By Period
In the year-to-date period, GOLDX achieves a -10.82% return, which is significantly lower than FEGIX's -7.16% return. Both investments have delivered pretty close results over the past 10 years, with GOLDX having a 10.45% annualized return and FEGIX not far ahead at 10.81%.
GOLDX
- 1D
- 3.25%
- 1M
- -3.19%
- 6M
- -28.68%
- YTD
- -10.82%
- 1Y
- 55.76%
- 3Y*
- 40.50%
- 5Y*
- 19.69%
- 10Y*
- 10.45%
- ALL TIME*
- 7.32%
FEGIX
- 1D
- 3.06%
- 1M
- -1.08%
- 6M
- -15.75%
- YTD
- -7.16%
- 1Y
- 44.84%
- 3Y*
- 33.35%
- 5Y*
- 18.82%
- 10Y*
- 10.81%
- ALL TIME*
- 9.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
GOLDX Gabelli Gold Fund | $0.00 | $0.00 | $0.00 |
GOLDX vs. FEGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | -10.82% | 165.59% | 14.92% | 7.85% | -11.02% | -8.97% | 26.30% | 43.94% | -14.80% | 6.22% |
FEGIX First Eagle Gold Fund Class I | -7.16% | 128.89% | 10.57% | 7.24% | -1.31% | -7.54% | 30.00% | 38.98% | -15.69% | 8.44% |
Correlation
The correlation between GOLDX and FEGIX 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. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since May 15, 2003 | 0.97 |
The correlation between GOLDX and FEGIX has been stable across timeframes, ranging from 0.96 to 0.97 - a consistent structural relationship.
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Return for Risk
GOLDX vs. FEGIX — Risk / Return Rank
GOLDX
FEGIX
GOLDX vs. FEGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and First Eagle Gold Fund Class I (FEGIX). 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.
| GOLDX | FEGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 1.36 | +0.09 |
| Martin ratioReturn relative to average drawdown | 3.19 | 2.99 | +0.20 |
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Drawdowns
GOLDX vs. FEGIX - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -73.40%, roughly equal to the maximum FEGIX drawdown of -70.38%. Use the drawdown chart below to compare losses from any high point for GOLDX and FEGIX.
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Drawdown Indicators
| GOLDX | FEGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -70.38% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -39.55% | -34.52% | -5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -39.55% | -34.52% | -5.03% |
Max Drawdown (5Y)Largest decline over 5 years | -44.73% | -34.52% | -10.21% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -41.84% | -7.58% |
Current DrawdownCurrent decline from peak | -34.65% | -30.11% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -28.74% | -5.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.94% | 15.69% | +2.25% |
Volatility
GOLDX vs. FEGIX - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 12.57% compared to First Eagle Gold Fund Class I (FEGIX) at 9.82%. This indicates that GOLDX's price experiences larger fluctuations and is considered to be riskier than FEGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOLDX | FEGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 9.82% | +2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 38.76% | 33.81% | +4.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.08% | 40.64% | +5.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.54% | 29.48% | +4.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 27.44% | +4.99% |
GOLDX vs. FEGIX - Expense Ratio Comparison
GOLDX has a 1.51% expense ratio, which is higher than FEGIX's 0.96% expense ratio.
Dividends
GOLDX vs. FEGIX - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 17.46%, more than FEGIX's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEGIX First Eagle Gold Fund Class I | 1.29% | 1.19% | 5.31% | 1.08% | 0.00% | 1.19% | 1.48% | 0.09% | 0.00% | 0.00% | 0.00% |
GOLDX Gabelli Gold Fund | 17.46% | 15.57% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.51% | 2.18% |
Frequently Asked Questions
With a correlation of 0.96, GOLDX and FEGIX 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.
GOLDX has higher volatility (12.57%) compared to FEGIX (9.82%). In terms of maximum drawdown, GOLDX dropped -73.40% vs FEGIX's -70.38%.
GOLDX currently has the higher Sharpe Ratio (1.25 vs 1.16), 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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