SGDM vs. AAAU
Compare and contrast key facts about Sprott Gold Miners ETF (SGDM) and Goldman Sachs Physical Gold ETF (AAAU).
SGDM and AAAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGDM is a passively managed fund by Sprott that tracks the performance of the Solactive Gold Miners Custom Factors Index. It was launched on Jul 15, 2014. AAAU is a passively managed fund by Goldman Sachs that tracks the performance of the LBMA Gold PM Price. It was launched on Jul 26, 2018. Both SGDM and AAAU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGDM or AAAU.
Key characteristics
| SGDM | AAAU | |
|---|---|---|
| YTD Return | 12.14% | 24.23% |
| 1Y Return | 22.54% | 30.76% |
| 3Y Return (Ann) | -0.94% | 11.09% |
| 5Y Return (Ann) | 5.09% | 11.66% |
| Sharpe Ratio | 0.71 | 2.08 |
| Sortino Ratio | 1.16 | 2.80 |
| Omega Ratio | 1.14 | 1.36 |
| Calmar Ratio | 0.49 | 3.84 |
| Martin Ratio | 2.83 | 12.87 |
| Ulcer Index | 7.59% | 2.37% |
| Daily Std Dev | 30.36% | 14.63% |
| Max Drawdown | -54.95% | -21.63% |
| Current Drawdown | -24.06% | -7.94% |
Correlation
The correlation between SGDM and AAAU is 0.76, 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.
Performance
SGDM vs. AAAU - Performance Comparison
In the year-to-date period, SGDM achieves a 12.14% return, which is significantly lower than AAAU's 24.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SGDM vs. AAAU - Expense Ratio Comparison
SGDM has a 0.50% expense ratio, which is higher than AAAU's 0.18% expense ratio.
Risk-Adjusted Performance
SGDM vs. AAAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Miners ETF (SGDM) and Goldman Sachs Physical Gold ETF (AAAU). 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.
Dividends
SGDM vs. AAAU - Dividend Comparison
SGDM's dividend yield for the trailing twelve months is around 1.24%, while AAAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 1.24% | 1.39% | 1.42% | 1.33% | 0.30% | 0.25% | 0.50% | 0.57% | 0.02% | 1.47% | 0.26% |
AAAU Goldman Sachs Physical Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SGDM vs. AAAU - Drawdown Comparison
The maximum SGDM drawdown since its inception was -54.95%, which is greater than AAAU's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for SGDM and AAAU. For additional features, visit the drawdowns tool.
Volatility
SGDM vs. AAAU - Volatility Comparison
Sprott Gold Miners ETF (SGDM) has a higher volatility of 8.94% compared to Goldman Sachs Physical Gold ETF (AAAU) at 5.36%. This indicates that SGDM's price experiences larger fluctuations and is considered to be riskier than AAAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.