MIDSX vs. SGDLX

Last updated Apr 2, 2026

Compare and contrast key facts about Midas Fund (MIDSX) and Sprott Gold Equity Fund (SGDLX).

MIDSX is managed by Midas. It was launched on Jan 7, 1986. SGDLX is managed by Sprott. It was launched on Jun 28, 1998.

Performance

MIDSX vs. SGDLX - Performance Comparison

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

MIDSX vs. SGDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MIDSX Midas Fund	11.46%	195.76%	7.27%	-1.79%	-11.11%	-19.23%	10.64%
SGDLX Sprott Gold Equity Fund	5.53%	147.67%	20.58%	1.91%	-13.21%	-11.79%	35.30%

Returns By Period

In the year-to-date period, MIDSX achieves a 11.46% return, which is significantly higher than SGDLX's 5.53% return.

MIDSX

• 1D: 7.46%
• 1M: -20.12%
• YTD: 11.46%
• 6M: 30.98%
• 1Y: 131.55%
• 3Y*: 47.59%
• 5Y*: 23.76%
• 10Y*: 14.10%

SGDLX

• 1D: 6.88%
• 1M: -20.55%
• YTD: 5.53%
• 6M: 22.83%
• 1Y: 107.73%
• 3Y*: 42.56%
• 5Y*: 22.56%
• 10Y*: —

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

MIDSX vs. SGDLX - Expense Ratio Comparison

MIDSX has a 4.25% expense ratio, which is higher than SGDLX's 1.44% expense ratio.

MIDSX

Midas Fund

SGDLX

Sprott Gold Equity Fund

Return for Risk

MIDSX vs. SGDLX — Risk / Return Rank

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

MIDSX

MIDSX Risk / Return Rank: 96
MIDSX Sharpe Ratio Rank: 98
MIDSX Sortino Ratio Rank: 93
MIDSX Omega Ratio Rank: 92
MIDSX Calmar Ratio Rank: 97
MIDSX Martin Ratio Rank: 97

SGDLX

SGDLX Risk / Return Rank: 94
SGDLX Sharpe Ratio Rank: 97
SGDLX Sortino Ratio Rank: 92
SGDLX Omega Ratio Rank: 91
SGDLX Calmar Ratio Rank: 96
SGDLX Martin Ratio Rank: 95

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.

MIDSX vs. SGDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Midas Fund (MIDSX) 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.

	MIDSX	SGDLX	Difference
Sharpe ratio Return per unit of total volatility	2.95	2.65	+0.30
Sortino ratio Return per unit of downside risk	2.94	2.80	+0.14
Omega ratio Gain probability vs. loss probability	1.45	1.42	+0.03
Calmar ratio Return relative to maximum drawdown	4.40	3.72	+0.69
Martin ratio Return relative to average drawdown	16.05	13.16	+2.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIDSX vs. SGDLX - Sharpe Ratio Comparison

The current MIDSX Sharpe Ratio is 2.95, which is comparable to the SGDLX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of MIDSX and SGDLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MIDSX	SGDLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.95	2.65	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.73	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.64	-0.64

Correlation

The correlation between MIDSX and SGDLX is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MIDSX vs. SGDLX - Dividend Comparison

MIDSX has not paid dividends to shareholders, while SGDLX's dividend yield for the trailing twelve months is around 0.63%.

	TTM	2025	2024	2023	2022
MIDSX Midas Fund	0.00%	0.00%	0.00%	0.00%	0.00%
SGDLX Sprott Gold Equity Fund	0.63%	0.67%	0.00%	0.00%	0.12%

Drawdowns

MIDSX vs. SGDLX - Drawdown Comparison

The maximum MIDSX drawdown since its inception was -89.77%, which is greater than SGDLX's maximum drawdown of -47.59%. Use the drawdown chart below to compare losses from any high point for MIDSX and SGDLX.

Drawdown Indicators

	MIDSX	SGDLX	Difference
Max Drawdown Largest peak-to-trough decline	-89.77%	-47.59%	-42.18%
Max Drawdown (1Y) Largest decline over 1 year	-30.18%	-28.77%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-48.48%	-43.47%	-5.01%
Max Drawdown (10Y) Largest decline over 10 years	-57.07%	—	—
Current Drawdown Current decline from peak	-35.85%	-20.55%	-15.30%
Average Drawdown Average peak-to-trough decline	-63.68%	-18.26%	-45.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.28%	8.13%	+0.15%

Volatility

MIDSX vs. SGDLX - Volatility Comparison

Midas Fund (MIDSX) has a higher volatility of 17.95% compared to Sprott Gold Equity Fund (SGDLX) at 16.67%. This indicates that MIDSX's price experiences larger fluctuations and is considered to be riskier than SGDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDSX	SGDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.95%	16.67%	+1.28%
Volatility (6M) Calculated over the trailing 6-month period	36.74%	33.91%	+2.83%
Volatility (1Y) Calculated over the trailing 1-year period	44.83%	40.51%	+4.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.02%	31.15%	+2.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.42%	33.68%	-0.26%