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SGDLX vs. GDXJ
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SGDLX vs. GDXJ

Last updated Apr 2, 2026

Compare and contrast key facts about Sprott Gold Equity Fund (SGDLX) and VanEck Vectors Junior Gold Miners ETF (GDXJ).

SGDLX is managed by Sprott. It was launched on Jun 28, 1998. GDXJ is a passively managed fund by VanEck that tracks the performance of the MVIS Global Junior Gold Miners Index. It was launched on Nov 10, 2009.

Performance

SGDLX vs. GDXJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Gold Equity Fund (SGDLX) and VanEck Vectors Junior Gold Miners ETF (GDXJ). The values are adjusted to include any dividend payments, if applicable.

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SGDLX vs. GDXJ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
SGDLX
Sprott Gold Equity Fund		5.53%147.67%20.58%1.91%-13.21%-11.79%35.30%
GDXJ
VanEck Vectors Junior Gold Miners ETF		10.08%172.28%15.67%7.12%-14.53%-21.25%32.66%

Returns By Period

In the year-to-date period, SGDLX achieves a 5.53% return, which is significantly lower than GDXJ's 10.08% return.

SGDLX

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

GDXJ

1D
4.34%
1M
-19.21%
YTD
10.08%
6M
28.26%
1Y
125.16%
3Y*
49.66%
5Y*
23.75%
10Y*
17.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Sprott Gold Equity Fund

VanEck Vectors Junior Gold Miners ETF

Often compared with SGDLX:
SGDLX vs. FSAGXSGDLX vs. GLDSGDLX vs. IAUSGDLX vs. AUMISGDLX vs. BGEIXSGDLX vs. SWPPXSGDLX vs. GLTR
Often compared with GDXJ:
GDXJ vs. GDXGDXJ vs. GLDGDXJ vs. SILJGDXJ vs. GOLDGDXJ vs. SPYGDXJ vs. GLDMGDXJ vs. IAU

SGDLX vs. GDXJ - Expense Ratio Comparison

SGDLX has a 1.44% expense ratio, which is higher than GDXJ's 0.54% expense ratio.

SGDLX
Sprott Gold Equity Fund
GDXJ
VanEck Vectors Junior Gold Miners ETF

Return for Risk

SGDLX vs. GDXJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SGDLX
SGDLX Risk / Return Rank: 9494
Overall Rank
SGDLX Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
SGDLX Sortino Ratio Rank: 9292
Sortino Ratio Rank
SGDLX Omega Ratio Rank: 9191
Omega Ratio Rank
SGDLX Calmar Ratio Rank: 9696
Calmar Ratio Rank
SGDLX Martin Ratio Rank: 9595
Martin Ratio Rank
GDXJ
GDXJ Risk / Return Rank: 9292
Overall Rank
GDXJ Sharpe Ratio Rank: 9595
Sharpe Ratio Rank
GDXJ Sortino Ratio Rank: 9090
Sortino Ratio Rank
GDXJ Omega Ratio Rank: 8989
Omega Ratio Rank
GDXJ Calmar Ratio Rank: 9494
Calmar Ratio Rank
GDXJ Martin Ratio Rank: 9292
Martin Ratio Rank
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. GDXJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Equity Fund (SGDLX) and VanEck Vectors Junior Gold Miners ETF (GDXJ). 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.

SGDLXGDXJDifference

Sharpe ratio

Return per unit of total volatility

2.65

2.47

+0.18

Sortino ratio

Return per unit of downside risk

2.80

2.63

+0.17

Omega ratio

Gain probability vs. loss probability

1.42

1.38

+0.04

Calmar ratio

Return relative to maximum drawdown

3.72

3.77

-0.05

Martin ratio

Return relative to average drawdown

13.16

13.05

+0.11

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. GDXJ - Sharpe Ratio Comparison

The current SGDLX Sharpe Ratio is 2.65, which is comparable to the GDXJ Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of SGDLX and GDXJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SGDLXGDXJDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.65

2.47

+0.18

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.73

0.59

+0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.40

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.64

0.08

+0.56

Correlation

The correlation between SGDLX and GDXJ 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. GDXJ - Dividend Comparison

SGDLX's dividend yield for the trailing twelve months is around 0.63%, less than GDXJ's 2.12% yield.

TTM20252024202320222021202020192018201720162015
SGDLX
Sprott Gold Equity Fund		0.63%0.67%0.00%0.00%0.12%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GDXJ
VanEck Vectors Junior Gold Miners ETF		2.12%2.33%2.61%0.72%0.51%1.78%1.58%0.39%0.45%0.03%4.78%0.72%

Drawdowns

SGDLX vs. GDXJ - Drawdown Comparison

The maximum SGDLX drawdown since its inception was -47.59%, smaller than the maximum GDXJ drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for SGDLX and GDXJ.

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Drawdown Indicators

SGDLXGDXJDifference

Max Drawdown

Largest peak-to-trough decline

-47.59%

-88.66%

+41.07%

Max Drawdown (1Y)

Largest decline over 1 year

-28.77%

-32.92%

+4.15%

Max Drawdown (5Y)

Largest decline over 5 years

-43.47%

-51.76%

+8.29%

Max Drawdown (10Y)

Largest decline over 10 years

—

-57.77%

—

Current Drawdown

Current decline from peak

-20.55%

-19.81%

-0.74%

Average Drawdown

Average peak-to-trough decline

-18.26%

-60.90%

+42.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.13%

9.51%

-1.38%

Volatility

SGDLX vs. GDXJ - Volatility Comparison

The current volatility for Sprott Gold Equity Fund (SGDLX) is 16.67%, while VanEck Vectors Junior Gold Miners ETF (GDXJ) has a volatility of 19.46%. This indicates that SGDLX experiences smaller price fluctuations and is considered to be less risky than GDXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SGDLXGDXJDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.67%

19.46%

-2.79%

Volatility (6M)

Calculated over the trailing 6-month period

33.91%

42.52%

-8.61%

Volatility (1Y)

Calculated over the trailing 1-year period

40.51%

50.91%

-10.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.15%

40.57%

-9.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.68%

44.46%

-10.78%