SGDIX vs. SGDLX

Last updated Jun 4, 2026

SGDIX (Sprott Gold Equity Fund Institutional Class) and SGDLX (Sprott Gold Equity Fund) are both mutual funds - SGDIX is a Commodity Producers Equities fund actively managed by Sprott, while SGDLX is a Precious Metals fund managed by Sprott. Over the past 5 years, SGDIX returned 19.54%/yr vs 19.22%/yr for SGDLX. With a 1.00 correlation, they move nearly in lockstep. SGDIX charges 1.17%/yr vs 1.44%/yr for SGDLX.

Performance

SGDIX vs. SGDLX - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with SGDIX having a 3.97% return and SGDLX slightly lower at 3.90%.

SGDIX

• 1D: 0.94%
• 1M: 2.97%
• YTD: 3.97%
• 6M: 13.13%
• 1Y: 67.95%
• 3Y*: 43.81%
• 5Y*: 19.54%
• 10Y*: —

SGDLX

• 1D: 0.95%
• 1M: 2.96%
• YTD: 3.90%
• 6M: 13.04%
• 1Y: 67.58%
• 3Y*: 43.43%
• 5Y*: 19.22%
• 10Y*: —

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

SGDIX vs. SGDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SGDIX Sprott Gold Equity Fund Institutional Class	3.97%	148.38%	20.90%	2.23%	-12.96%	-11.55%	35.67%
SGDLX Sprott Gold Equity Fund	3.90%	147.67%	20.58%	1.91%	-13.21%	-11.79%	35.30%

Correlation

The correlation between SGDIX and SGDLX is 1.00 - 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	1.00
Correlation (3Y) Calculated over the trailing 3-year period	1.00
Correlation (5Y) Calculated over the trailing 5-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 22, 2020	1.00

The correlation between SGDIX and SGDLX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

SGDIX vs. SGDLX — Risk / Return Rank

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

SGDIX

SGDIX Risk / Return Rank: 32
SGDIX Sharpe Ratio Rank: 37
SGDIX Sortino Ratio Rank: 25
SGDIX Omega Ratio Rank: 33
SGDIX Calmar Ratio Rank: 41
SGDIX Martin Ratio Rank: 25

SGDLX

SGDLX Risk / Return Rank: 32
SGDLX Sharpe Ratio Rank: 36
SGDLX Sortino Ratio Rank: 25
SGDLX Omega Ratio Rank: 33
SGDLX Calmar Ratio Rank: 41
SGDLX Martin Ratio Rank: 25

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. SGDLX - Risk-Adjusted Trends Comparison

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

	SGDIX	SGDLX	Difference
Sharpe ratio Return per unit of total volatility	1.76	1.75	+0.01
Sortino ratio Return per unit of downside risk	2.11	2.10	+0.01
Omega ratio Gain probability vs. loss probability	1.30	1.30	0.00
Calmar ratio Return relative to maximum drawdown	2.44	2.42	+0.01
Martin ratio Return relative to average drawdown	6.20	6.15	+0.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGDIX vs. SGDLX - Sharpe Ratio Comparison

The current SGDIX Sharpe Ratio is 1.76, which is comparable to the SGDLX Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of SGDIX and SGDLX, 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

	SGDIX	SGDLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	1.75	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	0.61	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.61	+0.01

Drawdowns

SGDIX vs. SGDLX - Drawdown Comparison

The maximum SGDIX drawdown since its inception was -47.27%, roughly equal to the maximum SGDLX drawdown of -47.59%. Use the drawdown chart below to compare losses from any high point for SGDIX and SGDLX.

Drawdown Indicators

	SGDIX	SGDLX	Difference
Max Drawdown Largest peak-to-trough decline	-47.27%	-47.59%	+0.32%
Max Drawdown (1Y) Largest decline over 1 year	-28.76%	-28.77%	+0.01%
Max Drawdown (3Y) Largest decline over 3 years	-28.76%	-28.77%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-42.90%	-42.98%	+0.08%
Current Drawdown Current decline from peak	-21.73%	-21.78%	+0.05%
Average Drawdown Average peak-to-trough decline	-17.98%	-18.29%	+0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.30%	11.31%	-0.01%

Volatility

SGDIX vs. SGDLX - Volatility Comparison

Sprott Gold Equity Fund Institutional Class (SGDIX) and Sprott Gold Equity Fund (SGDLX) have volatilities of 13.39% and 13.40%, 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	SGDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.39%	13.40%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	33.53%	33.53%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	40.21%	40.21%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.61%	31.60%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.86%	33.86%	0.00%

SGDIX vs. SGDLX - Expense Ratio Comparison

SGDIX has a 1.17% expense ratio, which is lower than SGDLX's 1.44% expense ratio.

Dividends

SGDIX vs. SGDLX - Dividend Comparison

SGDIX's dividend yield for the trailing twelve months is around 0.63%, less than SGDLX's 0.64% yield.

Position	TTM	2025	2024	2023	2022
SGDIX Sprott Gold Equity Fund Institutional Class	0.63%	0.66%	0.00%	0.00%	0.52%
SGDLX Sprott Gold Equity Fund	0.64%	0.67%	0.00%	0.00%	0.12%

Frequently Asked Questions

Can I hold both SGDIX and SGDLX in my portfolio?

With a correlation of 1.00, SGDIX and SGDLX 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 SGDLX?

SGDLX has higher volatility (13.40%) compared to SGDIX (13.39%). In terms of maximum drawdown, SGDIX dropped -47.27% vs SGDLX's -47.59%.

Which has better risk-adjusted returns?

SGDIX currently has the higher Sharpe Ratio (1.75 vs 1.75), 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.