NEARX vs. UNWPX
NEARX (U.S. Global Investors Near-Term Tax Free Fund) and UNWPX (U.S. Global Investors World Precious Minerals Fund) are both mutual funds - NEARX is a Municipal Bonds fund managed by US Global, while UNWPX is a Precious Metals fund managed by US Global. Over the past 10 years, NEARX returned 0.97%/yr vs 1.72%/yr for UNWPX. Their 0.03 correlation means their historical movements had little consistent relationship. NEARX charges 0.45%/yr vs 1.53%/yr for UNWPX.
Performance
NEARX vs. UNWPX - Performance Comparison
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Returns By Period
In the year-to-date period, NEARX achieves a 0.32% return, which is significantly lower than UNWPX's 2.31% return. Over the past 10 years, NEARX has underperformed UNWPX with an annualized return of 0.97%, while UNWPX has yielded a comparatively higher 1.72% annualized return.
NEARX
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- -0.35%
- YTD
- 0.32%
- 1Y
- 1.38%
- 3Y*
- 2.79%
- 5Y*
- 0.59%
- 10Y*
- 0.97%
- ALL TIME*
- 5.58%
UNWPX
- 1D
- 2.23%
- 1M
- -3.68%
- 6M
- -4.92%
- YTD
- 2.31%
- 1Y
- 69.58%
- 3Y*
- 29.96%
- 5Y*
- 4.55%
- 10Y*
- 1.72%
- ALL TIME*
- 9.19%
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 |
NEARX vs. UNWPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NEARX U.S. Global Investors Near-Term Tax Free Fund | 0.32% | 3.47% | 2.19% | 3.04% | -5.25% | -0.46% | 2.94% | 2.40% | 1.58% | 1.48% |
UNWPX U.S. Global Investors World Precious Minerals Fund | 2.31% | 136.32% | 2.07% | -16.18% | -32.95% | -13.88% | 70.83% | 22.59% | -31.49% | -3.82% |
Correlation
The correlation between NEARX and UNWPX is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 1990 | 0.03 |
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Return for Risk
NEARX vs. UNWPX — Risk / Return Rank
NEARX
UNWPX
NEARX vs. UNWPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for U.S. Global Investors Near-Term Tax Free Fund (NEARX) and U.S. Global Investors World Precious Minerals Fund (UNWPX). 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.
| NEARX | UNWPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.26 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.36 | -1.26 |
| Martin ratioReturn relative to average drawdown | 2.61 | 5.76 | -3.15 |
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Drawdowns
NEARX vs. UNWPX - Drawdown Comparison
The maximum NEARX drawdown since its inception was -80.12%, roughly equal to the maximum UNWPX drawdown of -83.78%. Use the drawdown chart below to compare losses from any high point for NEARX and UNWPX.
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Drawdown Indicators
| NEARX | UNWPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.12% | -83.78% | +3.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.45% | -29.02% | +27.57% |
Max Drawdown (3Y)Largest decline over 3 years | -1.45% | -29.02% | +27.57% |
Max Drawdown (5Y)Largest decline over 5 years | -6.91% | -58.13% | +51.22% |
Max Drawdown (10Y)Largest decline over 10 years | -6.91% | -69.19% | +62.28% |
Current DrawdownCurrent decline from peak | -1.00% | -42.35% | +41.35% |
Average DrawdownAverage peak-to-trough decline | -20.74% | -49.46% | +28.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 11.84% | -11.23% |
Volatility
NEARX vs. UNWPX - Volatility Comparison
The current volatility for U.S. Global Investors Near-Term Tax Free Fund (NEARX) is 0.84%, while U.S. Global Investors World Precious Minerals Fund (UNWPX) has a volatility of 12.12%. This indicates that NEARX experiences smaller price fluctuations and is considered to be less risky than UNWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NEARX | UNWPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 12.12% | -11.28% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 38.48% | -36.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.68% | 45.76% | -43.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.54% | 32.10% | -29.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.57% | 30.70% | -28.13% |
NEARX vs. UNWPX - Expense Ratio Comparison
NEARX has a 0.45% expense ratio, which is lower than UNWPX's 1.53% expense ratio.
Dividends
NEARX vs. UNWPX - Dividend Comparison
NEARX's dividend yield for the trailing twelve months is around 2.35%, less than UNWPX's 87.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEARX U.S. Global Investors Near-Term Tax Free Fund | 2.35% | 2.45% | 2.65% | 2.50% | 1.10% | 0.88% | 1.10% | 1.46% | 2.01% | 1.47% | 1.36% | 1.83% |
UNWPX U.S. Global Investors World Precious Minerals Fund | 87.75% | 5.95% | 0.00% | 0.00% | 0.00% | 71.74% | 6.76% | 0.00% | 17.45% | 28.55% | 0.33% | 9.84% |
Frequently Asked Questions
NEARX and UNWPX have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNWPX has higher volatility (12.12%) compared to NEARX (0.84%). In terms of maximum drawdown, NEARX dropped -80.12% vs UNWPX's -83.78%.
UNWPX currently has the higher Sharpe Ratio (1.49 vs 0.59), 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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