PortfoliosLab logoPortfoliosLab logo
SA vs. AAAU
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SA vs. AAAU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Seabridge Gold Inc. (SA) and Goldman Sachs Physical Gold ETF (AAAU). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, SA achieves a -8.55% return, which is significantly lower than AAAU's -4.75% return.


SA

1D
-7.80%
1M
-9.59%
YTD
-8.55%
6M
-14.61%
1Y
85.85%
3Y*
30.95%
5Y*
8.41%
10Y*
6.51%

AAAU

1D
-1.86%
1M
-8.80%
YTD
-4.75%
6M
-8.61%
1Y
21.51%
3Y*
28.67%
5Y*
18.07%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

SA vs. AAAU - Yearly Performance Comparison


2026 (YTD)20252024202320222021202020192018
SA
Seabridge Gold Inc.
-8.55%159.33%-5.94%-3.58%-23.71%-21.74%52.46%4.46%3.36%
AAAU
Goldman Sachs Physical Gold ETF
-4.75%64.06%26.91%12.96%-0.50%-4.01%25.02%18.17%8.28%

Correlation

The correlation between SA and AAAU is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.67

Correlation (3Y)
Calculated over the trailing 3-year period

0.64

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2018

0.64

The correlation between SA and AAAU has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Return for Risk

SA vs. AAAU — Risk / Return Rank

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

SA
SA Risk / Return Rank: 7777
Overall Rank
SA Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
SA Sortino Ratio Rank: 7373
Sortino Ratio Rank
SA Omega Ratio Rank: 7474
Omega Ratio Rank
SA Calmar Ratio Rank: 7878
Calmar Ratio Rank
SA Martin Ratio Rank: 7878
Martin Ratio Rank

AAAU
AAAU Risk / Return Rank: 2222
Overall Rank
AAAU Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
AAAU Sortino Ratio Rank: 2121
Sortino Ratio Rank
AAAU Omega Ratio Rank: 2525
Omega Ratio Rank
AAAU Calmar Ratio Rank: 2020
Calmar Ratio Rank
AAAU Martin Ratio Rank: 2121
Martin Ratio Rank
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.

SA vs. AAAU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Seabridge Gold Inc. (SA) and Goldman Sachs Physical Gold ETF (AAAU). 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.


SAAAAUDifference
Sharpe ratioReturn per unit of total volatility

+0.52

Sortino ratioReturn per unit of downside risk

+0.69

Omega ratioGain probability vs. loss probability

1.24

1.17

+0.08

Calmar ratioReturn relative to maximum drawdown

2.28

0.89

+1.39

Martin ratioReturn relative to average drawdown

5.60

2.39

+3.22

SA vs. AAAU - Sharpe Ratio Comparison

The current SA Sharpe Ratio is 1.31, which is higher than the AAAU Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of SA and AAAU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


Loading charts...

Drawdowns

SA vs. AAAU - Drawdown Comparison

The maximum SA drawdown since its inception was -90.99%, which is greater than AAAU's maximum drawdown of -24.38%. Use the drawdown chart below to compare losses from any high point for SA and AAAU.


Loading charts...

Drawdown Indicators


SAAAAUDifference

Max Drawdown

Largest peak-to-trough decline

-90.99%

-24.38%

-66.61%

Max Drawdown (1Y)

Largest decline over 1 year

-37.92%

-24.38%

-13.54%

Max Drawdown (3Y)

Largest decline over 3 years

-52.51%

-24.38%

-28.13%

Max Drawdown (5Y)

Largest decline over 5 years

-56.12%

-24.38%

-31.74%

Max Drawdown (10Y)

Largest decline over 10 years

-61.10%

Current Drawdown

Current decline from peak

-31.23%

-23.83%

-7.40%

Average Drawdown

Average peak-to-trough decline

-51.25%

-6.28%

-44.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.38%

9.05%

+6.33%

Volatility

SA vs. AAAU - Volatility Comparison

Seabridge Gold Inc. (SA) has a higher volatility of 27.24% compared to Goldman Sachs Physical Gold ETF (AAAU) at 8.16%. This indicates that SA's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


Loading charts...

Volatility by Period


SAAAAUDifference

Volatility (1M)

Calculated over the trailing 1-month period

27.24%

8.16%

+19.08%

Volatility (6M)

Calculated over the trailing 6-month period

54.83%

24.16%

+30.67%

Volatility (1Y)

Calculated over the trailing 1-year period

65.83%

27.30%

+38.53%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

51.64%

18.08%

+33.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

51.56%

17.16%

+34.40%

Dividends

SA vs. AAAU - Dividend Comparison

Neither SA nor AAAU has paid dividends to shareholders.


Tickers have no history of dividend payments

Frequently Asked Questions


SA and AAAU have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SA has higher volatility (27.24%) compared to AAAU (8.16%). In terms of maximum drawdown, SA dropped -90.99% vs AAAU's -24.38%.

SA currently has the higher Sharpe Ratio (1.31 vs 0.79), 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.

Portfolio Optimizer

Find the right allocation for SA and AAAU

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer