SGDM vs. AUMI

Last updated Jun 5, 2026

SGDM (Sprott Gold Miners ETF) and AUMI (Themes Gold Miners ETF) are both exchange-traded funds - SGDM is a Materials fund tracking the Solactive Gold Miners Custom Factors Index, while AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index. Both are passively managed. Over the past year, SGDM returned 59.22% vs 49.68% for AUMI. Their correlation of 0.91 suggests significant overlap in exposure. SGDM charges 0.50%/yr vs 0.35%/yr for AUMI.

Performance

SGDM vs. AUMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Gold Miners ETF (SGDM) and Themes Gold Miners ETF (AUMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGDM achieves a 3.12% return, which is significantly higher than AUMI's -4.89% return.

SGDM

• 1D: 1.69%
• 1M: 1.80%
• YTD: 3.12%
• 6M: 8.86%
• 1Y: 59.22%
• 3Y*: 39.67%
• 5Y*: 19.03%
• 10Y*: 12.76%

AUMI

• 1D: 1.14%
• 1M: -3.49%
• YTD: -4.89%
• 6M: 0.78%
• 1Y: 49.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SGDM vs. AUMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SGDM Sprott Gold Miners ETF	3.12%	153.46%	12.14%	1.64%
AUMI Themes Gold Miners ETF	-4.89%	164.18%	30.61%	4.25%

Correlation

The correlation between SGDM and AUMI is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.91

The correlation between SGDM and AUMI has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

SGDM vs. AUMI - Sectors Allocation Comparison

Sectors	SGDM	AUMI
Basic Materials	100.0%	99.5%
Communication Services	-	0.2%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

SGDM vs. AUMI — Risk / Return Rank

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

SGDM

SGDM Risk / Return Rank: 37
SGDM Sharpe Ratio Rank: 38
SGDM Sortino Ratio Rank: 32
SGDM Omega Ratio Rank: 38
SGDM Calmar Ratio Rank: 41
SGDM Martin Ratio Rank: 34

AUMI

AUMI Risk / Return Rank: 30
AUMI Sharpe Ratio Rank: 30
AUMI Sortino Ratio Rank: 28
AUMI Omega Ratio Rank: 31
AUMI Calmar Ratio Rank: 33
AUMI Martin Ratio Rank: 28

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.

SGDM vs. AUMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Miners ETF (SGDM) 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.

	SGDM	AUMI	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.04	+0.29
Sortino ratio: Return per unit of downside risk	1.71	1.50	+0.22
Omega ratio: Gain probability vs. loss probability	1.24	1.20	+0.04
Calmar ratio: Return relative to maximum drawdown	1.98	1.57	+0.42
Martin ratio: Return relative to average drawdown	4.98	3.96	+1.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGDM vs. AUMI - Sharpe Ratio Comparison

The current SGDM Sharpe Ratio is 1.33, which is comparable to the AUMI Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of SGDM and AUMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SGDM	AUMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.04	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	1.57	-1.30

Drawdowns

SGDM vs. AUMI - Drawdown Comparison

The maximum SGDM drawdown since its inception was -54.95%, which is greater than AUMI's maximum drawdown of -31.88%. Use the drawdown chart below to compare losses from any high point for SGDM and AUMI.

Drawdown Indicators

	SGDM	AUMI	Difference
Max Drawdown Largest peak-to-trough decline	-54.95%	-31.88%	-23.07%
Max Drawdown (1Y) Largest decline over 1 year	-30.04%	-31.88%	+1.84%
Max Drawdown (3Y) Largest decline over 3 years	-30.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-49.69%	—	—
Current Drawdown Current decline from peak	-24.68%	-28.44%	+3.76%
Average Drawdown Average peak-to-trough decline	-25.46%	-7.09%	-18.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.94%	12.59%	-0.65%

Volatility

SGDM vs. AUMI - Volatility Comparison

Sprott Gold Miners ETF (SGDM) and Themes Gold Miners ETF (AUMI) have volatilities of 14.53% and 14.48%, 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

	SGDM	AUMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.53%	14.48%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	36.91%	38.52%	-1.61%
Volatility (1Y) Calculated over the trailing 1-year period	44.86%	47.95%	-3.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.78%	41.54%	-5.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.81%	41.54%	-4.73%

SGDM vs. AUMI - Expense Ratio Comparison

SGDM has a 0.50% expense ratio, which is higher than AUMI's 0.35% expense ratio.

Dividends

SGDM vs. AUMI - Dividend Comparison

SGDM's dividend yield for the trailing twelve months is around 1.01%, more than AUMI's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AUMI Themes Gold Miners ETF	0.91%	0.86%	1.84%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGDM Sprott Gold Miners ETF	1.01%	1.04%	1.04%	1.39%	1.42%	1.33%	0.30%	0.25%	0.50%	0.58%	0.02%	1.47%

Frequently Asked Questions

Can I hold both SGDM and AUMI in my portfolio?

With a correlation of 0.94, SGDM 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.

Which is riskier, SGDM or AUMI?

SGDM has higher volatility (14.53%) compared to AUMI (14.48%). In terms of maximum drawdown, SGDM dropped -54.95% vs AUMI's -31.88%.

Which ETF is better, SGDM or AUMI?

On 1-year performance, SGDM leads with 59.22% vs 49.68% for AUMI. On fees, AUMI is cheaper at 0.35% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SGDM or AUMI?

Over the 1-year period, SGDM has performed better with a 59.22% return vs 49.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGDM or AUMI?

AUMI is cheaper with a 0.35% expense ratio, compared with 0.50% for SGDM.

Which ETF pays a higher dividend yield, SGDM or AUMI?

SGDM has the higher dividend yield at 1.01%, compared with 0.91% for AUMI.

What is the main difference between SGDM and AUMI?

SGDM is categorized as Materials, while AUMI is Gold. SGDM tracks Solactive Gold Miners Custom Factors Index, while AUMI tracks Solactive Global Pure Gold Miners Index. They also come from different issuers: Sprott and Themes. Their fees differ too: 0.50% for SGDM and 0.35% for AUMI.

Which has better risk-adjusted returns?

SGDM currently has the higher Sharpe Ratio (1.33 vs 1.04), 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.