OCMAX vs. SGDIX

Last updated Jun 24, 2026

OCMAX (OCM Gold Atlas) and SGDIX (Sprott Gold Equity Fund Institutional Class) are both Gold funds. Both are actively managed. Over the past 5 years, OCMAX returned 21.66%/yr vs 20.09%/yr for SGDIX. With a 0.96 correlation, they move nearly in lockstep. OCMAX charges 1.88%/yr vs 1.17%/yr for SGDIX.

Performance

OCMAX vs. SGDIX - Performance Comparison

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

Returns By Period

In the year-to-date period, OCMAX achieves a 0.32% return, which is significantly higher than SGDIX's -2.51% return.

OCMAX

• 1D: -1.56%
• 1M: -3.51%
• YTD: 0.32%
• 6M: -3.21%
• 1Y: 61.06%
• 3Y*: 51.76%
• 5Y*: 21.66%
• 10Y*: 16.61%

SGDIX

• 1D: -0.76%
• 1M: -2.09%
• YTD: -2.51%
• 6M: -6.97%
• 1Y: 61.67%
• 3Y*: 44.14%
• 5Y*: 20.09%
• 10Y*: —

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

OCMAX vs. SGDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OCMAX OCM Gold Atlas	0.32%	168.37%	23.87%	4.82%	-17.28%	-9.16%	48.38%
SGDIX Sprott Gold Equity Fund Institutional Class	-2.51%	148.38%	20.90%	2.23%	-12.96%	-11.55%	35.67%

Correlation

The correlation between OCMAX and SGDIX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jan 17, 2020	0.96

The correlation between OCMAX and SGDIX has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

OCMAX vs. SGDIX — Risk / Return Rank

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

OCMAX

OCMAX Risk / Return Rank: 29
OCMAX Sharpe Ratio Rank: 33
OCMAX Sortino Ratio Rank: 25
OCMAX Omega Ratio Rank: 31
OCMAX Calmar Ratio Rank: 32
OCMAX Martin Ratio Rank: 26

SGDIX

SGDIX Risk / Return Rank: 27
SGDIX Sharpe Ratio Rank: 31
SGDIX Sortino Ratio Rank: 24
SGDIX Omega Ratio Rank: 30
SGDIX Calmar Ratio Rank: 28
SGDIX Martin Ratio Rank: 21

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. SGDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for OCM Gold Atlas (OCMAX) and Sprott Gold Equity Fund Institutional Class (SGDIX). 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.

	OCMAX	SGDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.54	1.48	+0.06
Sortino ratio: Return per unit of downside risk	1.94	1.87	+0.06
Omega ratio: Gain probability vs. loss probability	1.27	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	2.01	1.84	+0.17
Martin ratio: Return relative to average drawdown	5.69	4.88	+0.81

OCMAX vs. SGDIX - Sharpe Ratio Comparison

The current OCMAX Sharpe Ratio is 1.54, which is comparable to the SGDIX Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of OCMAX and SGDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OCMAX vs. SGDIX - Drawdown Comparison

The maximum OCMAX drawdown since its inception was -76.26%, which is greater than SGDIX's maximum drawdown of -47.27%. Use the drawdown chart below to compare losses from any high point for OCMAX and SGDIX.

Drawdown Indicators

	OCMAX	SGDIX	Difference
Max Drawdown Largest peak-to-trough decline	-76.26%	-47.27%	-28.99%
Max Drawdown (1Y) Largest decline over 1 year	-31.28%	-33.93%	+2.65%
Max Drawdown (3Y) Largest decline over 3 years	-31.28%	-33.93%	+2.65%
Max Drawdown (5Y) Largest decline over 5 years	-44.05%	-42.90%	-1.15%
Max Drawdown (10Y) Largest decline over 10 years	-45.14%	—	—
Current Drawdown Current decline from peak	-23.58%	-26.61%	+3.03%
Average Drawdown Average peak-to-trough decline	-36.10%	-18.04%	-18.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.02%	12.78%	-1.76%

Volatility

OCMAX vs. SGDIX - Volatility Comparison

OCM Gold Atlas (OCMAX) and Sprott Gold Equity Fund Institutional Class (SGDIX) have volatilities of 16.55% and 16.04%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCMAX	SGDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.55%	16.04%	+0.51%
Volatility (6M) Calculated over the trailing 6-month period	34.50%	36.04%	-1.54%
Volatility (1Y) Calculated over the trailing 1-year period	40.89%	42.26%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.77%	32.08%	+2.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.97%	34.17%	-0.20%

OCMAX vs. SGDIX - Expense Ratio Comparison

OCMAX has a 1.88% expense ratio, which is higher than SGDIX's 1.17% expense ratio.

Dividends

OCMAX vs. SGDIX - Dividend Comparison

OCMAX's dividend yield for the trailing twelve months is around 5.90%, more than SGDIX's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
OCMAX OCM Gold Atlas	5.90%	5.91%	2.97%	0.00%	0.04%	0.95%	1.44%	5.66%	24.55%	6.72%	18.48%	0.05%
SGDIX Sprott Gold Equity Fund Institutional Class	0.67%	0.66%	0.00%	0.00%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OCMAX and SGDIX in my portfolio?

With a correlation of 0.98, OCMAX and SGDIX 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 SGDIX?

OCMAX has higher volatility (16.55%) compared to SGDIX (16.04%). In terms of maximum drawdown, OCMAX dropped -76.26% vs SGDIX's -47.27%.

Which has better risk-adjusted returns?

OCMAX currently has the higher Sharpe Ratio (1.54 vs 1.48), 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.