SGDLX vs. FEGOX

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Gold Equity Fund (SGDLX) and First Eagle Gold Fund Class C (FEGOX).

SGDLX is managed by Sprott. It was launched on Jun 28, 1998. FEGOX is an actively managed fund by First Eagle. It was launched on May 15, 2003.

Performance

SGDLX vs. FEGOX - Performance Comparison

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

SGDLX vs. FEGOX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SGDLX Sprott Gold Equity Fund	5.53%	147.67%	20.58%	1.91%	-13.21%	-11.79%	35.30%
FEGOX First Eagle Gold Fund Class C	8.71%	126.68%	9.47%	6.26%	-2.33%	-8.41%	28.29%

Returns By Period

In the year-to-date period, SGDLX achieves a 5.53% return, which is significantly lower than FEGOX's 8.71% return.

SGDLX

• 1D: 6.88%
• 1M: -20.55%
• YTD: 5.53%
• 6M: 22.83%
• 1Y: 107.73%
• 3Y*: 42.56%
• 5Y*: 22.56%
• 10Y*: —

FEGOX

• 1D: 6.17%
• 1M: -18.02%
• YTD: 8.71%
• 6M: 24.50%
• 1Y: 87.48%
• 3Y*: 37.35%
• 5Y*: 22.46%
• 10Y*: 15.37%

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

SGDLX vs. FEGOX - Expense Ratio Comparison

SGDLX has a 1.44% expense ratio, which is lower than FEGOX's 1.91% expense ratio.

FEGOX

First Eagle Gold Fund Class C

SGDLX

Sprott Gold Equity Fund

Return for Risk

SGDLX vs. FEGOX — Risk / Return Rank

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

SGDLX

SGDLX Risk / Return Rank: 94
SGDLX Sharpe Ratio Rank: 97
SGDLX Sortino Ratio Rank: 92
SGDLX Omega Ratio Rank: 91
SGDLX Calmar Ratio Rank: 96
SGDLX Martin Ratio Rank: 95

FEGOX

FEGOX Risk / Return Rank: 91
FEGOX Sharpe Ratio Rank: 94
FEGOX Sortino Ratio Rank: 86
FEGOX Omega Ratio Rank: 86
FEGOX Calmar Ratio Rank: 94
FEGOX Martin Ratio Rank: 92

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.

SGDLX vs. FEGOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Equity Fund (SGDLX) and First Eagle Gold Fund Class C (FEGOX). 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.

	SGDLX	FEGOX	Difference
Sharpe ratio Return per unit of total volatility	2.65	2.26	+0.39
Sortino ratio Return per unit of downside risk	2.80	2.49	+0.31
Omega ratio Gain probability vs. loss probability	1.42	1.38	+0.04
Calmar ratio Return relative to maximum drawdown	3.72	3.32	+0.40
Martin ratio Return relative to average drawdown	13.16	12.09	+1.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGDLX vs. FEGOX - Sharpe Ratio Comparison

The current SGDLX Sharpe Ratio is 2.65, which is comparable to the FEGOX Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of SGDLX and FEGOX, 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

	SGDLX	FEGOX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	2.26	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.80	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.32	+0.32

Correlation

The correlation between SGDLX and FEGOX is 0.96, 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

SGDLX vs. FEGOX - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020
SGDLX Sprott Gold Equity Fund	0.63%	0.67%	0.00%	0.00%	0.12%	0.00%	0.00%
FEGOX First Eagle Gold Fund Class C	0.64%	0.70%	5.05%	0.22%	0.00%	0.24%	0.76%

Drawdowns

SGDLX vs. FEGOX - Drawdown Comparison

The maximum SGDLX drawdown since its inception was -47.59%, smaller than the maximum FEGOX drawdown of -71.67%. Use the drawdown chart below to compare losses from any high point for SGDLX and FEGOX.

Drawdown Indicators

	SGDLX	FEGOX	Difference
Max Drawdown Largest peak-to-trough decline	-47.59%	-71.67%	+24.08%
Max Drawdown (1Y) Largest decline over 1 year	-28.77%	-26.69%	-2.08%
Max Drawdown (5Y) Largest decline over 5 years	-43.47%	-34.24%	-9.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-43.08%	—
Current Drawdown Current decline from peak	-20.55%	-18.02%	-2.53%
Average Drawdown Average peak-to-trough decline	-18.26%	-31.43%	+13.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.13%	7.32%	+0.81%

Volatility

SGDLX vs. FEGOX - Volatility Comparison

Sprott Gold Equity Fund (SGDLX) has a higher volatility of 16.67% compared to First Eagle Gold Fund Class C (FEGOX) at 15.59%. This indicates that SGDLX's price experiences larger fluctuations and is considered to be riskier than FEGOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGDLX	FEGOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.67%	15.59%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	33.91%	33.00%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	40.51%	38.96%	+1.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.15%	28.22%	+2.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.68%	27.21%	+6.47%