SGDIX vs. RYPMX

Last updated Jul 17, 2026

SGDIX (Sprott Gold Equity Fund Institutional Class) and RYPMX (Rydex Precious Metals Fund) are both mutual funds - SGDIX is a Gold fund actively managed by Sprott, while RYPMX is a Precious Metals fund managed by Rydex Funds. Over the past 5 years, SGDIX returned 18.58%/yr vs 17.17%/yr for RYPMX. With a 0.95 correlation, they move nearly in lockstep. SGDIX charges 1.17%/yr vs 1.26%/yr for RYPMX.

Performance

SGDIX vs. RYPMX - Performance Comparison

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

Returns By Period

In the year-to-date period, SGDIX achieves a -10.33% return, which is significantly higher than RYPMX's -11.21% return.

SGDIX

• 1D: -0.75%
• 1M: -12.99%
• 6M: -18.28%
• YTD: -10.33%
• 1Y: 51.45%
• 3Y*: 37.57%
• 5Y*: 18.58%
• 10Y*: —

RYPMX

• 1D: -0.80%
• 1M: -15.87%
• 6M: -22.50%
• YTD: -11.21%
• 1Y: 46.16%
• 3Y*: 33.62%
• 5Y*: 17.17%
• 10Y*: 10.42%

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

SGDIX vs. RYPMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SGDIX Sprott Gold Equity Fund Institutional Class	-10.33%	148.38%	20.90%	2.23%	-12.96%	-11.55%	35.67%
RYPMX Rydex Precious Metals Fund	-11.21%	148.94%	10.14%	4.24%	-10.57%	-8.96%	39.33%

Correlation

The correlation between SGDIX and RYPMX 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 (All Time) Calculated using the full available price history since Jan 17, 2020	0.96

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

Return for Risk

SGDIX vs. RYPMX — Risk / Return Rank

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

SGDIX

SGDIX Risk / Return Rank: 23
SGDIX Sharpe Ratio Rank: 26
SGDIX Sortino Ratio Rank: 22
SGDIX Omega Ratio Rank: 27
SGDIX Calmar Ratio Rank: 24
SGDIX Martin Ratio Rank: 16

RYPMX

RYPMX Risk / Return Rank: 19
RYPMX Sharpe Ratio Rank: 19
RYPMX Sortino Ratio Rank: 19
RYPMX Omega Ratio Rank: 22
RYPMX Calmar Ratio Rank: 20
RYPMX Martin Ratio Rank: 14

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.

SGDIX vs. RYPMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Equity Fund Institutional Class (SGDIX) and Rydex Precious Metals Fund (RYPMX). 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.

	SGDIX	RYPMX	Difference
Sharpe ratio: Return per unit of total volatility	1.18	0.96	+0.23
Sortino ratio: Return per unit of downside risk	1.60	1.41	+0.20
Omega ratio: Gain probability vs. loss probability	1.22	1.19	+0.03
Calmar ratio: Return relative to maximum drawdown	1.50	1.27	+0.23
Martin ratio: Return relative to average drawdown	3.40	2.90	+0.50

SGDIX vs. RYPMX - Sharpe Ratio Comparison

The current SGDIX Sharpe Ratio is 1.18, which is comparable to the RYPMX Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of SGDIX and RYPMX, 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

SGDIX vs. RYPMX - Drawdown Comparison

The maximum SGDIX drawdown since its inception was -47.27%, smaller than the maximum RYPMX drawdown of -81.25%. Use the drawdown chart below to compare losses from any high point for SGDIX and RYPMX.

Drawdown Indicators

	SGDIX	RYPMX	Difference
Max Drawdown Largest peak-to-trough decline	-47.27%	-81.25%	+33.98%
Max Drawdown (1Y) Largest decline over 1 year	-33.93%	-36.40%	+2.47%
Max Drawdown (3Y) Largest decline over 3 years	-33.93%	-36.40%	+2.47%
Max Drawdown (5Y) Largest decline over 5 years	-42.90%	-46.46%	+3.56%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.81%	—
Current Drawdown Current decline from peak	-32.50%	-35.65%	+3.15%
Average Drawdown Average peak-to-trough decline	-18.17%	-40.33%	+22.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.97%	15.87%	-0.90%

Volatility

SGDIX vs. RYPMX - Volatility Comparison

Sprott Gold Equity Fund Institutional Class (SGDIX) and Rydex Precious Metals Fund (RYPMX) have volatilities of 13.17% and 13.21%, 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

	SGDIX	RYPMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.17%	13.21%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	36.63%	39.94%	-3.31%
Volatility (1Y) Calculated over the trailing 1-year period	43.04%	48.27%	-5.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.35%	37.58%	-5.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.25%	37.25%	-3.00%

SGDIX vs. RYPMX - Expense Ratio Comparison

SGDIX has a 1.17% expense ratio, which is lower than RYPMX's 1.26% expense ratio.

Dividends

SGDIX vs. RYPMX - Dividend Comparison

SGDIX's dividend yield for the trailing twelve months is around 0.73%, less than RYPMX's 3.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYPMX Rydex Precious Metals Fund	3.38%	3.01%	0.00%	3.51%	7.15%	6.39%	1.06%	2.08%	1.35%	5.53%	4.04%	0.58%
SGDIX Sprott Gold Equity Fund Institutional Class	0.73%	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 SGDIX and RYPMX in my portfolio?

With a correlation of 0.95, SGDIX and RYPMX 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, SGDIX or RYPMX?

RYPMX has higher volatility (13.21%) compared to SGDIX (13.17%). In terms of maximum drawdown, SGDIX dropped -47.27% vs RYPMX's -81.25%.

Which has better risk-adjusted returns?

SGDIX currently has the higher Sharpe Ratio (1.18 vs 0.96), 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.