SGDM vs. FLNG

Last updated Jun 5, 2026

SGDM (Sprott Gold Miners ETF) is Materials fund tracking the Solactive Gold Miners Custom Factors Index, while FLNG (FLEX LNG Ltd) is a stock. Over the past 5 years, SGDM returned 19.03%/yr vs 28.82%/yr for FLNG. At a 0.12 correlation, their price movements are largely independent.

Performance

SGDM vs. FLNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Gold Miners ETF (SGDM) and FLEX LNG Ltd (FLNG). 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 lower than FLNG's 25.06% 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%

FLNG

• 1D: -0.37%
• 1M: -8.78%
• YTD: 25.06%
• 6M: 20.80%
• 1Y: 36.92%
• 3Y*: 10.93%
• 5Y*: 28.82%
• 10Y*: —

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

SGDM vs. FLNG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SGDM Sprott Gold Miners ETF	3.12%	153.46%	12.14%	2.34%	-8.23%	-9.15%	21.85%	25.34%
FLNG FLEX LNG Ltd	25.06%	22.47%	-11.61%	-1.19%	56.32%	202.13%	-17.14%	-1.73%

Correlation

The correlation between SGDM and FLNG is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jun 18, 2019	0.12

The correlation between SGDM and FLNG shifts across timeframes, from -0.03 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SGDM vs. FLNG — 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

FLNG

FLNG Risk / Return Rank: 80
FLNG Sharpe Ratio Rank: 81
FLNG Sortino Ratio Rank: 77
FLNG Omega Ratio Rank: 75
FLNG Calmar Ratio Rank: 85
FLNG Martin Ratio Rank: 85

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. FLNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Miners ETF (SGDM) and FLEX LNG Ltd (FLNG). 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	FLNG	Difference
Sharpe ratio: Return per unit of total volatility	1.33	1.45	-0.13
Sortino ratio: Return per unit of downside risk	1.71	2.11	-0.40
Omega ratio: Gain probability vs. loss probability	1.24	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	1.98	3.36	-1.37
Martin ratio: Return relative to average drawdown	4.98	8.69	-3.71
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. FLNG - Sharpe Ratio Comparison

The current SGDM Sharpe Ratio is 1.33, which is comparable to the FLNG Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of SGDM and FLNG, 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	FLNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	1.45	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.74	-0.20
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	0.56	-0.29

Drawdowns

SGDM vs. FLNG - Drawdown Comparison

The maximum SGDM drawdown since its inception was -54.95%, smaller than the maximum FLNG drawdown of -71.92%. Use the drawdown chart below to compare losses from any high point for SGDM and FLNG.

Drawdown Indicators

	SGDM	FLNG	Difference
Max Drawdown Largest peak-to-trough decline	-54.95%	-71.92%	+16.97%
Max Drawdown (1Y) Largest decline over 1 year	-30.04%	-11.05%	-18.99%
Max Drawdown (3Y) Largest decline over 3 years	-30.04%	-25.37%	-4.67%
Max Drawdown (5Y) Largest decline over 5 years	-45.06%	-31.05%	-14.01%
Max Drawdown (10Y) Largest decline over 10 years	-49.69%	—	—
Current Drawdown Current decline from peak	-24.68%	-8.78%	-15.90%
Average Drawdown Average peak-to-trough decline	-25.46%	-18.82%	-6.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.94%	4.26%	+7.68%

Volatility

SGDM vs. FLNG - Volatility Comparison

Sprott Gold Miners ETF (SGDM) has a higher volatility of 14.53% compared to FLEX LNG Ltd (FLNG) at 7.18%. This indicates that SGDM's price experiences larger fluctuations and is considered to be riskier than FLNG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGDM	FLNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.53%	7.18%	+7.35%
Volatility (6M) Calculated over the trailing 6-month period	36.91%	18.44%	+18.47%
Volatility (1Y) Calculated over the trailing 1-year period	44.86%	25.58%	+19.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.78%	39.21%	-3.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.81%	47.37%	-10.56%

Dividends

SGDM vs. FLNG - Dividend Comparison

SGDM's dividend yield for the trailing twelve months is around 1.01%, less than FLNG's 12.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLNG FLEX LNG Ltd	12.66%	12.02%	13.08%	11.61%	10.71%	7.88%	2.29%	0.92%	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 FLNG in my portfolio?

SGDM and FLNG have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGDM or FLNG?

SGDM has higher volatility (14.53%) compared to FLNG (7.18%). In terms of maximum drawdown, SGDM dropped -54.95% vs FLNG's -71.92%.

Which has better risk-adjusted returns?

FLNG currently has the higher Sharpe Ratio (1.45 vs 1.33), 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.