INIVX vs. SGGDX
INIVX (VanEck International Investors Gold Fund) and SGGDX (First Eagle Gold Fund) are both Gold funds. Over the past 10 years, INIVX returned 11.65%/yr vs 10.52%/yr for SGGDX. Their correlation of 0.95 means they have usually moved in the same direction. INIVX charges 1.42%/yr vs 1.19%/yr for SGGDX.
Performance
INIVX vs. SGGDX - Performance Comparison
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Returns By Period
In the year-to-date period, INIVX achieves a -4.64% return, which is significantly higher than SGGDX's -7.30% return. Over the past 10 years, INIVX has outperformed SGGDX with an annualized return of 11.65%, while SGGDX has yielded a comparatively lower 10.52% annualized return.
INIVX
- 1D
- 3.54%
- 1M
- -2.01%
- 6M
- -12.65%
- YTD
- -4.64%
- 1Y
- 62.66%
- 3Y*
- 43.29%
- 5Y*
- 21.05%
- 10Y*
- 11.65%
- ALL TIME*
- 7.95%
SGGDX
- 1D
- 3.06%
- 1M
- -1.10%
- 6M
- -15.86%
- YTD
- -7.30%
- 1Y
- 44.46%
- 3Y*
- 33.04%
- 5Y*
- 18.55%
- 10Y*
- 10.52%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
INIVX vs. SGGDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
INIVX VanEck International Investors Gold Fund | -4.64% | 165.88% | 14.37% | 9.67% | -13.77% | -14.23% | 40.91% | 38.15% | -16.01% | 13.06% |
SGGDX First Eagle Gold Fund | -7.30% | 128.39% | 10.32% | 7.01% | -1.56% | -7.78% | 29.63% | 38.51% | -15.90% | 8.12% |
Correlation
The correlation between INIVX and SGGDX is 0.99 - 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. | 0.99 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
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 Jan 3, 1994 | 0.95 |
The correlation between INIVX and SGGDX has been stable across timeframes, ranging from 0.95 to 0.99 - a consistent structural relationship.
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Return for Risk
INIVX vs. SGGDX — Risk / Return Rank
INIVX
SGGDX
INIVX vs. SGGDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck International Investors Gold Fund (INIVX) 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.
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.
| INIVX | SGGDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.35 | +0.49 |
| Martin ratioReturn relative to average drawdown | 4.07 | 2.96 | +1.11 |
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Drawdowns
INIVX vs. SGGDX - Drawdown Comparison
The maximum INIVX drawdown since its inception was -78.96%, which is greater than SGGDX's maximum drawdown of -70.69%. Use the drawdown chart below to compare losses from any high point for INIVX and SGGDX.
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Drawdown Indicators
| INIVX | SGGDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.96% | -70.69% | -8.27% |
Max Drawdown (1Y)Largest decline over 1 year | -35.43% | -34.57% | -0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -35.43% | -34.57% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -44.66% | -34.57% | -10.09% |
Max Drawdown (10Y)Largest decline over 10 years | -51.20% | -42.16% | -9.04% |
Current DrawdownCurrent decline from peak | -30.02% | -30.18% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -37.74% | -29.43% | -8.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.94% | 15.71% | +0.23% |
Volatility
INIVX vs. SGGDX - Volatility Comparison
VanEck International Investors Gold Fund (INIVX) has a higher volatility of 12.45% compared to First Eagle Gold Fund (SGGDX) at 9.82%. This indicates that INIVX's price experiences larger fluctuations and is considered to be riskier than SGGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| INIVX | SGGDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.45% | 9.82% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 40.46% | 33.80% | +6.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.82% | 40.64% | +7.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.98% | 29.48% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.24% | 27.41% | +6.83% |
INIVX vs. SGGDX - Expense Ratio Comparison
INIVX has a 1.42% expense ratio, which is higher than SGGDX's 1.19% expense ratio.
Dividends
INIVX vs. SGGDX - Dividend Comparison
INIVX's dividend yield for the trailing twelve months is around 6.31%, more than SGGDX's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
INIVX VanEck International Investors Gold Fund | 6.31% | 6.01% | 7.45% | 0.10% | 0.00% | 6.40% | 11.70% | 3.66% | 2.87% | 3.76% | 6.40% |
SGGDX First Eagle Gold Fund | 1.17% | 1.08% | 5.26% | 0.87% | 0.00% | 0.96% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, INIVX and SGGDX 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.
INIVX has higher volatility (12.45%) compared to SGGDX (9.82%). In terms of maximum drawdown, INIVX dropped -78.96% vs SGGDX's -70.69%.
INIVX currently has the higher Sharpe Ratio (1.36 vs 1.15), 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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