SGDM vs. GDX
Compare and contrast key facts about Sprott Gold Miners ETF (SGDM) and VanEck Vectors Gold Miners ETF (GDX).
SGDM and GDX 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. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006. Both SGDM and GDX 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 GDX.
Key characteristics
| SGDM | GDX | |
|---|---|---|
| YTD Return | 12.14% | 15.19% |
| 1Y Return | 22.54% | 28.79% |
| 3Y Return (Ann) | -0.94% | 2.49% |
| 5Y Return (Ann) | 5.09% | 7.32% |
| 10Y Return (Ann) | 4.97% | 7.32% |
| Sharpe Ratio | 0.71 | 0.88 |
| Sortino Ratio | 1.16 | 1.37 |
| Omega Ratio | 1.14 | 1.16 |
| Calmar Ratio | 0.49 | 0.50 |
| Martin Ratio | 2.83 | 3.65 |
| Ulcer Index | 7.59% | 7.71% |
| Daily Std Dev | 30.36% | 31.87% |
| Max Drawdown | -54.95% | -80.57% |
| Current Drawdown | -24.06% | -39.77% |
Correlation
The correlation between SGDM and GDX is 0.97, 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. GDX - Performance Comparison
In the year-to-date period, SGDM achieves a 12.14% return, which is significantly lower than GDX's 15.19% return. Over the past 10 years, SGDM has underperformed GDX with an annualized return of 4.97%, while GDX has yielded a comparatively higher 7.32% annualized 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. GDX - Expense Ratio Comparison
SGDM has a 0.50% expense ratio, which is lower than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
SGDM vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Miners ETF (SGDM) and VanEck Vectors Gold Miners ETF (GDX). 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. GDX - Dividend Comparison
SGDM's dividend yield for the trailing twelve months is around 1.24%, less than GDX's 1.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.40% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% | 0.90% |
Drawdowns
SGDM vs. GDX - Drawdown Comparison
The maximum SGDM drawdown since its inception was -54.95%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for SGDM and GDX. For additional features, visit the drawdowns tool.
Volatility
SGDM vs. GDX - Volatility Comparison
The current volatility for Sprott Gold Miners ETF (SGDM) is 8.94%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 10.35%. This indicates that SGDM experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.