SGDLX vs. AUMI
SGDLX (Sprott Gold Equity Fund) and AUMI (Themes Gold Miners ETF) are both Gold funds. Over the past year, SGDLX returned 57.68% vs 46.27% for AUMI. Their correlation of 0.90 means they have usually moved in the same direction. SGDLX charges 1.44%/yr vs 0.35%/yr for AUMI.
Performance
SGDLX vs. AUMI - Performance Comparison
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Returns By Period
In the year-to-date period, SGDLX achieves a -7.77% return, which is significantly higher than AUMI's -16.43% return.
SGDLX
- 1D
- 2.84%
- 1M
- -2.98%
- 6M
- -15.89%
- YTD
- -7.77%
- 1Y
- 57.68%
- 3Y*
- 39.71%
- 5Y*
- 18.29%
- 10Y*
- —
- ALL TIME*
- 17.78%
AUMI
- 1D
- -3.44%
- 1M
- -4.91%
- 6M
- -20.88%
- YTD
- -16.43%
- 1Y
- 46.27%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 55.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $152.80K | $181.46K | $385.06K | |
| $0.00 | $0.00 | $0.00 |
SGDLX vs. AUMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SGDLX Sprott Gold Equity Fund | -7.77% | 147.67% | 20.58% | 7.34% |
AUMI Themes Gold Miners ETF | -16.43% | 164.18% | 30.61% | 10.23% |
Correlation
The correlation between SGDLX and AUMI is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023 | 0.90 |
The correlation between SGDLX and AUMI has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
SGDLX vs. AUMI — Risk / Return Rank
SGDLX
AUMI
SGDLX vs. AUMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Equity Fund (SGDLX) and Themes Gold Miners ETF (AUMI). 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.
| SGDLX | AUMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.25 | +0.41 |
| Martin ratioReturn relative to average drawdown | 3.58 | 2.68 | +0.90 |
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Drawdowns
SGDLX vs. AUMI - Drawdown Comparison
The maximum SGDLX drawdown since its inception was -47.59%, which is greater than AUMI's maximum drawdown of -39.84%. Use the drawdown chart below to compare losses from any high point for SGDLX and AUMI.
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Drawdown Indicators
| SGDLX | AUMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.59% | -39.84% | -7.75% |
Max Drawdown (1Y)Largest decline over 1 year | -35.46% | -39.84% | +4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -35.46% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -42.98% | — | — |
Current DrawdownCurrent decline from peak | -30.56% | -37.13% | +6.57% |
Average DrawdownAverage peak-to-trough decline | -18.56% | -8.76% | -9.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.43% | 18.58% | -2.15% |
Volatility
SGDLX vs. AUMI - Volatility Comparison
The current volatility for Sprott Gold Equity Fund (SGDLX) is 11.84%, while Themes Gold Miners ETF (AUMI) has a volatility of 12.73%. This indicates that SGDLX experiences smaller price fluctuations and is considered to be less risky than AUMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGDLX | AUMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.84% | 12.73% | -0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 36.60% | 40.50% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.59% | 50.84% | -7.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.46% | 42.44% | -9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.29% | 42.44% | -8.15% |
SGDLX vs. AUMI - Expense Ratio Comparison
SGDLX has a 1.44% expense ratio, which is higher than AUMI's 0.35% expense ratio.
Dividends
SGDLX vs. AUMI - Dividend Comparison
SGDLX's dividend yield for the trailing twelve months is around 0.72%, less than AUMI's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AUMI Themes Gold Miners ETF | 1.03% | 0.86% | 1.84% | 0.00% | 0.00% |
SGDLX Sprott Gold Equity Fund | 0.72% | 0.67% | 0.00% | 0.00% | 0.12% |
Frequently Asked Questions
With a correlation of 0.95, SGDLX and AUMI 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.
AUMI has higher volatility (12.73%) compared to SGDLX (11.84%). In terms of maximum drawdown, SGDLX dropped -47.59% vs AUMI's -39.84%.
SGDLX currently has the higher Sharpe Ratio (1.35 vs 0.98), 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.
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