SGDIX vs. SGDLX

Last updated Apr 1, 2026

Compare and contrast key facts about Sprott Gold Equity Fund Institutional Class (SGDIX) and Sprott Gold Equity Fund (SGDLX).

SGDIX is an actively managed fund by Sprott. It was launched on Apr 8, 2019. SGDLX is managed by Sprott. It was launched on Jun 28, 1998.

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.

SGDIX vs. SGDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SGDIX Sprott Gold Equity Fund Institutional Class	-1.23%	148.38%	20.90%	2.23%	-12.96%	-11.55%	35.67%
SGDLX Sprott Gold Equity Fund	-1.26%	147.67%	20.58%	1.91%	-13.21%	-11.79%	35.30%

Returns By Period

The year-to-date returns for both stocks are quite close, with SGDIX having a -1.23% return and SGDLX slightly lower at -1.26%.

SGDIX

• 1D: -0.13%
• 1M: -25.39%
• YTD: -1.23%
• 6M: 16.46%
• 1Y: 93.95%
• 3Y*: 39.81%
• 5Y*: 22.22%
• 10Y*: —

SGDLX

• 1D: -0.13%
• 1M: -25.41%
• YTD: -1.26%
• 6M: 16.35%
• 1Y: 93.47%
• 3Y*: 39.44%
• 5Y*: 21.88%
• 10Y*: —

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

SGDIX vs. SGDLX - Expense Ratio Comparison

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

SGDLX

Sprott Gold Equity Fund

SGDIX

Sprott Gold Equity Fund Institutional Class

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: 92
SGDIX Sharpe Ratio Rank: 96
SGDIX Sortino Ratio Rank: 90
SGDIX Omega Ratio Rank: 88
SGDIX Calmar Ratio Rank: 95
SGDIX Martin Ratio Rank: 93

SGDLX

SGDLX Risk / Return Rank: 93
SGDLX Sharpe Ratio Rank: 96
SGDLX Sortino Ratio Rank: 90
SGDLX Omega Ratio Rank: 89
SGDLX Calmar Ratio Rank: 95
SGDLX Martin Ratio Rank: 93

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	2.37	2.36	+0.01
Sortino ratio Return per unit of downside risk	2.58	2.57	+0.01
Omega ratio Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio Return relative to maximum drawdown	3.25	3.23	+0.02
Martin ratio Return relative to average drawdown	11.66	11.59	+0.07
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 2.37, which is comparable to the SGDLX Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of SGDIX and SGDLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SGDIX	SGDLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	2.36	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.71	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.60	+0.01

Correlation

The correlation between SGDIX and SGDLX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SGDIX vs. SGDLX - Dividend Comparison

SGDIX's dividend yield for the trailing twelve months is around 0.67%, less than SGDLX's 0.68% yield.

	TTM	2025	2024	2023	2022
SGDIX Sprott Gold Equity Fund Institutional Class	0.67%	0.66%	0.00%	0.00%	0.52%
SGDLX Sprott Gold Equity Fund	0.68%	0.67%	0.00%	0.00%	0.12%

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 (5Y) Largest decline over 5 years	-43.25%	-43.47%	+0.22%
Current Drawdown Current decline from peak	-25.64%	-25.66%	+0.02%
Average Drawdown Average peak-to-trough decline	-17.94%	-18.26%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.02%	8.02%	0.00%

Volatility

SGDIX vs. SGDLX - Volatility Comparison

Sprott Gold Equity Fund Institutional Class (SGDIX) and Sprott Gold Equity Fund (SGDLX) have volatilities of 14.67% and 14.66%, 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	14.67%	14.66%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	33.33%	33.32%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	40.05%	40.05%	0.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.02%	31.01%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.58%	33.58%	0.00%