OCMAX vs. EPGFX

Last updated Jun 4, 2026

OCMAX (OCM Gold Atlas) and EPGFX (EuroPac Gold Fund) are both Precious Metals funds. Over the past 10 years, OCMAX returned 18.34%/yr vs 12.88%/yr for EPGFX. Their correlation of 0.94 suggests significant overlap in exposure. OCMAX charges 1.88%/yr vs 1.40%/yr for EPGFX.

Performance

OCMAX vs. EPGFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in OCM Gold Atlas (OCMAX) and EuroPac Gold Fund (EPGFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OCMAX achieves a 8.66% return, which is significantly higher than EPGFX's 7.04% return. Over the past 10 years, OCMAX has outperformed EPGFX with an annualized return of 18.34%, while EPGFX has yielded a comparatively lower 12.88% annualized return.

OCMAX

• 1D: 0.81%
• 1M: 4.43%
• YTD: 8.66%
• 6M: 18.70%
• 1Y: 72.79%
• 3Y*: 52.72%
• 5Y*: 21.66%
• 10Y*: 18.34%

EPGFX

• 1D: 1.15%
• 1M: 4.19%
• YTD: 7.04%
• 6M: 12.47%
• 1Y: 67.58%
• 3Y*: 35.71%
• 5Y*: 13.89%
• 10Y*: 12.88%

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

OCMAX vs. EPGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OCMAX OCM Gold Atlas	8.66%	168.37%	23.87%	4.82%	-17.28%	-9.16%	45.45%	58.42%	-13.25%	10.55%
EPGFX EuroPac Gold Fund	7.04%	129.06%	8.51%	2.31%	-14.00%	-18.06%	36.99%	37.25%	-13.85%	12.73%

Correlation

The correlation between OCMAX and EPGFX is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.94

The correlation between OCMAX and EPGFX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

OCMAX vs. EPGFX — Risk / Return Rank

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

OCMAX

OCMAX Risk / Return Rank: 39
OCMAX Sharpe Ratio Rank: 43
OCMAX Sortino Ratio Rank: 30
OCMAX Omega Ratio Rank: 38
OCMAX Calmar Ratio Rank: 50
OCMAX Martin Ratio Rank: 34

EPGFX

EPGFX Risk / Return Rank: 33
EPGFX Sharpe Ratio Rank: 38
EPGFX Sortino Ratio Rank: 26
EPGFX Omega Ratio Rank: 34
EPGFX Calmar Ratio Rank: 39
EPGFX Martin Ratio Rank: 28

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.

OCMAX vs. EPGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OCM Gold Atlas (OCMAX) and EuroPac Gold Fund (EPGFX). 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.

	OCMAX	EPGFX	Difference
Sharpe ratio: Return per unit of total volatility	1.94	1.78	+0.16
Sortino ratio: Return per unit of downside risk	2.28	2.12	+0.16
Omega ratio: Gain probability vs. loss probability	1.33	1.31	+0.02
Calmar ratio: Return relative to maximum drawdown	2.72	2.37	+0.36
Martin ratio: Return relative to average drawdown	7.65	6.71	+0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OCMAX vs. EPGFX - Sharpe Ratio Comparison

The current OCMAX Sharpe Ratio is 1.94, which is comparable to the EPGFX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of OCMAX and EPGFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	OCMAX	EPGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.94	1.78	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.43	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.40	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.35	-0.10

Drawdowns

OCMAX vs. EPGFX - Drawdown Comparison

The maximum OCMAX drawdown since its inception was -76.26%, which is greater than EPGFX's maximum drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for OCMAX and EPGFX.

Drawdown Indicators

	OCMAX	EPGFX	Difference
Max Drawdown Largest peak-to-trough decline	-76.26%	-56.70%	-19.56%
Max Drawdown (1Y) Largest decline over 1 year	-27.33%	-28.88%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-27.33%	-28.88%	+1.55%
Max Drawdown (5Y) Largest decline over 5 years	-45.14%	-47.20%	+2.06%
Max Drawdown (10Y) Largest decline over 10 years	-45.14%	-51.03%	+5.89%
Current Drawdown Current decline from peak	-17.22%	-18.38%	+1.16%
Average Drawdown Average peak-to-trough decline	-36.15%	-22.03%	-14.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.71%	10.17%	-0.46%

Volatility

OCMAX vs. EPGFX - Volatility Comparison

OCM Gold Atlas (OCMAX) has a higher volatility of 13.66% compared to EuroPac Gold Fund (EPGFX) at 12.36%. This indicates that OCMAX's price experiences larger fluctuations and is considered to be riskier than EPGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCMAX	EPGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.66%	12.36%	+1.30%
Volatility (6M) Calculated over the trailing 6-month period	31.51%	31.70%	-0.19%
Volatility (1Y) Calculated over the trailing 1-year period	38.75%	38.70%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.32%	32.50%	+1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.70%	32.41%	+1.29%

OCMAX vs. EPGFX - Expense Ratio Comparison

OCMAX has a 1.88% expense ratio, which is higher than EPGFX's 1.40% expense ratio.

Dividends

OCMAX vs. EPGFX - Dividend Comparison

OCMAX's dividend yield for the trailing twelve months is around 5.44%, less than EPGFX's 6.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPGFX EuroPac Gold Fund	6.41%	6.86%	10.36%	0.00%	0.00%	2.49%	8.67%	0.00%	0.00%	2.56%	19.31%	0.00%
OCMAX OCM Gold Atlas	5.44%	5.91%	2.97%	0.00%	0.04%	0.95%	1.44%	5.66%	24.55%	6.72%	18.48%	0.05%

Frequently Asked Questions

Can I hold both OCMAX and EPGFX in my portfolio?

With a correlation of 0.95, OCMAX and EPGFX 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, OCMAX or EPGFX?

OCMAX has higher volatility (13.66%) compared to EPGFX (12.36%). In terms of maximum drawdown, OCMAX dropped -76.26% vs EPGFX's -56.70%.

Which has better risk-adjusted returns?

OCMAX currently has the higher Sharpe Ratio (1.94 vs 1.78), 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.