SGDIX vs. SRUUF

Last updated Jun 4, 2026

SGDIX (Sprott Gold Equity Fund Institutional Class) and SRUUF (Sprott Physical Uranium Trust Fund) are both mutual funds - SGDIX is a Commodity Producers Equities fund actively managed by Sprott, while SRUUF is a Commodities fund actively managed by Sprott. Both are actively managed. Over the past 3 years, SGDIX returned 43.81%/yr vs 14.65%/yr for SRUUF. At a 0.31 correlation, their price movements are largely independent. SGDIX charges 1.17%/yr vs 0.70%/yr for SRUUF.

Performance

SGDIX vs. SRUUF - Performance Comparison

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

Returns By Period

In the year-to-date period, SGDIX achieves a 3.97% return, which is significantly higher than SRUUF's 0.93% return.

SGDIX

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

SRUUF

• 1D: -2.82%
• 1M: -3.15%
• YTD: 0.93%
• 6M: 8.74%
• 1Y: 21.00%
• 3Y*: 14.65%
• 5Y*: —
• 10Y*: —

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

SGDIX vs. SRUUF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SGDIX Sprott Gold Equity Fund Institutional Class	3.97%	148.38%	20.90%	2.23%	-12.96%	-1.52%
SRUUF Sprott Physical Uranium Trust Fund	0.93%	12.66%	-18.89%	82.09%	7.65%	17.26%

Correlation

The correlation between SGDIX and SRUUF is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 23, 2021	0.31

The correlation between SGDIX and SRUUF shifts across timeframes, from 0.26 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SGDIX vs. SRUUF — 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

SRUUF

SRUUF Risk / Return Rank: 8
SRUUF Sharpe Ratio Rank: 7
SRUUF Sortino Ratio Rank: 8
SRUUF Omega Ratio Rank: 8
SRUUF Calmar Ratio Rank: 9
SRUUF Martin Ratio Rank: 7

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. SRUUF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Equity Fund Institutional Class (SGDIX) and Sprott Physical Uranium Trust Fund (SRUUF). 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	SRUUF	Difference
Sharpe ratio: Return per unit of total volatility	1.76	0.61	+1.14
Sortino ratio: Return per unit of downside risk	2.11	1.06	+1.05
Omega ratio: Gain probability vs. loss probability	1.30	1.13	+0.17
Calmar ratio: Return relative to maximum drawdown	2.44	0.92	+1.52
Martin ratio: Return relative to average drawdown	6.20	1.86	+4.33
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. SRUUF - Sharpe Ratio Comparison

The current SGDIX Sharpe Ratio is 1.76, which is higher than the SRUUF Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of SGDIX and SRUUF, 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	SRUUF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	0.61	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.40	+0.22

Drawdowns

SGDIX vs. SRUUF - Drawdown Comparison

The maximum SGDIX drawdown since its inception was -47.27%, roughly equal to the maximum SRUUF drawdown of -48.68%. Use the drawdown chart below to compare losses from any high point for SGDIX and SRUUF.

Drawdown Indicators

	SGDIX	SRUUF	Difference
Max Drawdown Largest peak-to-trough decline	-47.27%	-48.68%	+1.41%
Max Drawdown (1Y) Largest decline over 1 year	-28.76%	-22.98%	-5.78%
Max Drawdown (3Y) Largest decline over 3 years	-28.76%	-48.68%	+19.92%
Max Drawdown (5Y) Largest decline over 5 years	-42.90%	—	—
Current Drawdown Current decline from peak	-21.73%	-21.59%	-0.14%
Average Drawdown Average peak-to-trough decline	-17.98%	-21.79%	+3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.30%	11.29%	+0.01%

Volatility

SGDIX vs. SRUUF - Volatility Comparison

Sprott Gold Equity Fund Institutional Class (SGDIX) has a higher volatility of 13.39% compared to Sprott Physical Uranium Trust Fund (SRUUF) at 7.75%. This indicates that SGDIX's price experiences larger fluctuations and is considered to be riskier than SRUUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGDIX	SRUUF	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.39%	7.75%	+5.64%
Volatility (6M) Calculated over the trailing 6-month period	33.53%	24.53%	+9.00%
Volatility (1Y) Calculated over the trailing 1-year period	40.21%	34.51%	+5.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.61%	41.81%	-10.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.86%	41.81%	-7.95%

SGDIX vs. SRUUF - Expense Ratio Comparison

SGDIX has a 1.17% expense ratio, which is higher than SRUUF's 0.70% expense ratio.

Dividends

SGDIX vs. SRUUF - Dividend Comparison

SGDIX's dividend yield for the trailing twelve months is around 0.63%, while SRUUF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
SGDIX Sprott Gold Equity Fund Institutional Class	0.63%	0.66%	0.00%	0.00%	0.52%
SRUUF Sprott Physical Uranium Trust Fund	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SGDIX and SRUUF in my portfolio?

SGDIX and SRUUF have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGDIX or SRUUF?

SGDIX has higher volatility (13.39%) compared to SRUUF (7.75%). In terms of maximum drawdown, SGDIX dropped -47.27% vs SRUUF's -48.68%.

Which has better risk-adjusted returns?

SGDIX currently has the higher Sharpe Ratio (1.75 vs 0.61), 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.