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.
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
Key characteristics
SGDM:
0.44
GDX:
0.40
SGDM:
0.79
GDX:
0.76
SGDM:
1.10
GDX:
1.09
SGDM:
0.30
GDX:
0.23
SGDM:
1.52
GDX:
1.40
SGDM:
8.61%
GDX:
9.19%
SGDM:
29.99%
GDX:
31.81%
SGDM:
-54.95%
GDX:
-80.57%
SGDM:
-23.48%
GDX:
-41.44%
Returns By Period
In the year-to-date period, SGDM achieves a 12.99% return, which is significantly higher than GDX's 12.00% return. Over the past 10 years, SGDM has underperformed GDX with an annualized return of 6.09%, while GDX has yielded a comparatively higher 8.18% annualized return.
SGDM
12.99%
-6.08%
6.01%
9.94%
4.49%
6.09%
GDX
12.00%
-7.93%
2.18%
10.78%
6.40%
8.18%
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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 1.04%, while GDX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 1.04% | 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 | 0.00% | 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
Sprott Gold Miners ETF (SGDM) and VanEck Vectors Gold Miners ETF (GDX) have volatilities of 9.07% and 9.40%, 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.