SGDLX vs. BGEIX

Last updated Aug 1, 2026

SGDLX (Sprott Gold Equity Fund) and BGEIX (American Century Global Gold Fund) are both Gold funds. Over the past 5 years, SGDLX returned 18.29%/yr vs 18.36%/yr for BGEIX. Their 0.95 correlation means they have historically moved very closely together. SGDLX charges 1.44%/yr vs 0.65%/yr for BGEIX.

Performance

SGDLX vs. BGEIX - Performance Comparison

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

Returns By Period

In the year-to-date period, SGDLX achieves a -7.77% return, which is significantly higher than BGEIX's -11.13% 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%

BGEIX

• 1D: 3.47%
• 1M: -2.24%
• 6M: -19.57%
• YTD: -11.13%
• 1Y: 48.85%
• 3Y*: 38.61%
• 5Y*: 18.36%
• 10Y*: 10.13%
• ALL TIME*: 5.11%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BGEIX American Century Global Gold Fund	$0.00	$0.00	$0.00
SGDLX Sprott Gold Equity Fund	$0.00	$0.00	$0.00

SGDLX vs. BGEIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SGDLX Sprott Gold Equity Fund	-7.77%	147.67%	20.58%	1.91%	-13.21%	-11.79%	35.30%
BGEIX American Century Global Gold Fund	-11.13%	158.45%	15.10%	7.52%	-12.54%	-8.85%	22.24%

Correlation

The correlation between SGDLX and BGEIX is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.96
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020	0.95

The correlation between SGDLX and BGEIX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

SGDLX vs. BGEIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SGDLX

SGDLX Risk / Return Rank: 43
SGDLX Sharpe Ratio Rank: 53
SGDLX Sortino Ratio Rank: 44
SGDLX Omega Ratio Rank: 50
SGDLX Calmar Ratio Rank: 43
SGDLX Martin Ratio Rank: 26

BGEIX

BGEIX Risk / Return Rank: 32
BGEIX Sharpe Ratio Rank: 37
BGEIX Sortino Ratio Rank: 34
BGEIX Omega Ratio Rank: 38
BGEIX Calmar Ratio Rank: 30
BGEIX Martin Ratio Rank: 21

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SGDLX vs. BGEIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Equity Fund (SGDLX) and American Century Global Gold Fund (BGEIX). 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	BGEIX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.11	+0.25
Sortino ratio: Return per unit of downside risk	1.77	1.55	+0.21
Omega ratio: Gain probability vs. loss probability	1.24	1.21	+0.03
Calmar ratio: Return relative to maximum drawdown	1.66	1.30	+0.36
Martin ratio: Return relative to average drawdown	3.58	2.88	+0.70

SGDLX vs. BGEIX - Sharpe Ratio Comparison

The current SGDLX Sharpe Ratio is 1.36, which is comparable to the BGEIX Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of SGDLX and BGEIX, 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

SGDLX vs. BGEIX - Drawdown Comparison

The maximum SGDLX drawdown since its inception was -47.59%, smaller than the maximum BGEIX drawdown of -78.69%. Use the drawdown chart below to compare losses from any high point for SGDLX and BGEIX.

Drawdown Indicators

	SGDLX	BGEIX	Difference
Max Drawdown Largest peak-to-trough decline	-47.59%	-78.69%	+31.10%
Max Drawdown (1Y) Largest decline over 1 year	-35.46%	-38.61%	+3.15%
Max Drawdown (3Y) Largest decline over 3 years	-35.46%	-38.61%	+3.15%
Max Drawdown (5Y) Largest decline over 5 years	-42.98%	-46.62%	+3.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.92%	—
Current Drawdown Current decline from peak	-30.56%	-33.63%	+3.07%
Average Drawdown Average peak-to-trough decline	-18.56%	-35.14%	+16.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.43%	17.45%	-1.02%

Volatility

SGDLX vs. BGEIX - Volatility Comparison

Sprott Gold Equity Fund (SGDLX) and American Century Global Gold Fund (BGEIX) have volatilities of 11.84% and 11.67%, 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

	SGDLX	BGEIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.84%	11.67%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	36.60%	37.64%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	43.59%	45.61%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.46%	34.42%	-1.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.29%	33.49%	+0.80%

SGDLX vs. BGEIX - Expense Ratio Comparison

SGDLX has a 1.44% expense ratio, which is higher than BGEIX's 0.65% expense ratio.

Dividends

SGDLX vs. BGEIX - Dividend Comparison

SGDLX's dividend yield for the trailing twelve months is around 0.72%, less than BGEIX's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BGEIX American Century Global Gold Fund	0.91%	0.85%	1.36%	1.56%	1.38%	2.13%	0.56%	0.87%	0.00%	0.00%	10.56%
SGDLX Sprott Gold Equity Fund	0.72%	0.67%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SGDLX and BGEIX in my portfolio?

With a correlation of 0.96, SGDLX and BGEIX 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, SGDLX or BGEIX?

SGDLX has higher volatility (11.84%) compared to BGEIX (11.67%). In terms of maximum drawdown, SGDLX dropped -47.59% vs BGEIX's -78.69%.

Which has better risk-adjusted returns?

SGDLX currently has the higher Sharpe Ratio (1.35 vs 1.11), 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.