Correlation
The correlation between SGDM and GOLD is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
SGDM vs. GOLD
Compare and contrast key facts about Sprott Gold Miners ETF (SGDM) and Barrick Gold Corporation (GOLD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGDM or GOLD.
Performance
SGDM vs. GOLD - Performance Comparison
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Key characteristics
SGDM:
1.92
GOLD:
0.39
SGDM:
2.45
GOLD:
0.79
SGDM:
1.33
GOLD:
1.10
SGDM:
2.19
GOLD:
0.22
SGDM:
8.49
GOLD:
1.11
SGDM:
7.65%
GOLD:
12.87%
SGDM:
33.80%
GOLD:
35.51%
SGDM:
-54.95%
GOLD:
-88.51%
SGDM:
0.00%
GOLD:
-56.00%
Returns By Period
In the year-to-date period, SGDM achieves a 63.33% return, which is significantly higher than GOLD's 23.40% return. Over the past 10 years, SGDM has outperformed GOLD with an annualized return of 11.26%, while GOLD has yielded a comparatively lower 6.65% annualized return.
SGDM
63.33%
13.95%
56.30%
64.26%
17.98%
11.29%
11.26%
GOLD
23.40%
3.31%
11.14%
13.12%
0.05%
-1.95%
6.65%
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Risk-Adjusted Performance
SGDM vs. GOLD — Risk-Adjusted Performance Rank
SGDM
GOLD
SGDM vs. GOLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Sprott Gold Miners ETF (SGDM) and Barrick Gold Corporation (GOLD). 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.
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Dividends
SGDM vs. GOLD - Dividend Comparison
SGDM's dividend yield for the trailing twelve months is around 0.64%, less than GOLD's 2.10% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 0.64% | 1.04% | 1.39% | 1.42% | 1.33% | 0.30% | 0.25% | 0.50% | 0.57% | 0.02% | 1.47% | 0.26% |
GOLD Barrick Gold Corporation | 2.10% | 2.58% | 2.21% | 3.78% | 1.89% | 1.36% | 0.70% | 1.40% | 0.83% | 0.50% | 1.90% | 1.87% |
Drawdowns
SGDM vs. GOLD - Drawdown Comparison
The maximum SGDM drawdown since its inception was -54.95%, smaller than the maximum GOLD drawdown of -88.51%. Use the drawdown chart below to compare losses from any high point for SGDM and GOLD.
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Volatility
SGDM vs. GOLD - Volatility Comparison
Sprott Gold Miners ETF (SGDM) has a higher volatility of 14.10% compared to Barrick Gold Corporation (GOLD) at 11.04%. This indicates that SGDM's price experiences larger fluctuations and is considered to be riskier than GOLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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