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SGGDX vs. OPGSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

SGGDX vs. OPGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund (SGGDX) and Invesco Gold & Special Minerals Fund (OPGSX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SGGDX achieves a -2.03% return, which is significantly higher than OPGSX's -2.24% return. Over the past 10 years, SGGDX has underperformed OPGSX with an annualized return of 12.78%, while OPGSX has yielded a comparatively higher 13.96% annualized return.


SGGDX

1D
-2.15%
1M
-4.16%
YTD
-2.03%
6M
-5.46%
1Y
51.32%
3Y*
35.40%
5Y*
20.35%
10Y*
12.78%

OPGSX

1D
-2.22%
1M
-2.97%
YTD
-2.24%
6M
-6.11%
1Y
54.86%
3Y*
35.30%
5Y*
17.41%
10Y*
13.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SGGDX vs. OPGSX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SGGDX
First Eagle Gold Fund
-2.03%128.39%10.32%7.01%-1.56%-7.78%29.63%38.51%-15.90%8.12%
OPGSX
Invesco Gold & Special Minerals Fund
-2.24%131.03%13.05%6.35%-16.86%-2.75%36.15%46.37%-13.15%17.17%

Correlation

The correlation between SGGDX and OPGSX is 0.90, 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

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.91

Correlation (5Y)
Calculated over the trailing 5-year period

0.92

Correlation (10Y)
Calculated over the trailing 10-year period

0.92

Correlation (All Time)
Calculated using the full available price history since Jan 3, 1994

0.93

The correlation between SGGDX and OPGSX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

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Return for Risk

SGGDX vs. OPGSX — Risk / Return Rank

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

SGGDX
SGGDX Risk / Return Rank: 2020
Overall Rank
SGGDX Sharpe Ratio Rank: 2222
Sharpe Ratio Rank
SGGDX Sortino Ratio Rank: 1717
Sortino Ratio Rank
SGGDX Omega Ratio Rank: 2323
Omega Ratio Rank
SGGDX Calmar Ratio Rank: 2020
Calmar Ratio Rank
SGGDX Martin Ratio Rank: 1717
Martin Ratio Rank

OPGSX
OPGSX Risk / Return Rank: 2323
Overall Rank
OPGSX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
OPGSX Sortino Ratio Rank: 2121
Sortino Ratio Rank
OPGSX Omega Ratio Rank: 2525
Omega Ratio Rank
OPGSX Calmar Ratio Rank: 2525
Calmar Ratio Rank
OPGSX Martin Ratio Rank: 2020
Martin Ratio Rank
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.

SGGDX vs. OPGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund (SGGDX) and Invesco Gold & Special Minerals Fund (OPGSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


SGGDXOPGSXDifference
Sharpe ratioReturn per unit of total volatility

-0.08

Sortino ratioReturn per unit of downside risk

-0.15

Omega ratioGain probability vs. loss probability

1.23

1.24

-0.01

Calmar ratioReturn relative to maximum drawdown

1.54

1.74

-0.20

Martin ratioReturn relative to average drawdown

4.25

4.68

-0.43

SGGDX vs. OPGSX - Sharpe Ratio Comparison

The current SGGDX Sharpe Ratio is 1.25, which is comparable to the OPGSX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of SGGDX and OPGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

SGGDX vs. OPGSX - Drawdown Comparison

The maximum SGGDX drawdown since its inception was -70.69%, smaller than the maximum OPGSX drawdown of -80.04%. Use the drawdown chart below to compare losses from any high point for SGGDX and OPGSX.


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Drawdown Indicators


SGGDXOPGSXDifference

Max Drawdown

Largest peak-to-trough decline

-70.69%

-80.04%

+9.35%

Max Drawdown (1Y)

Largest decline over 1 year

-32.40%

-34.52%

+2.12%

Max Drawdown (3Y)

Largest decline over 3 years

-32.40%

-34.52%

+2.12%

Max Drawdown (5Y)

Largest decline over 5 years

-34.02%

-47.09%

+13.07%

Max Drawdown (10Y)

Largest decline over 10 years

-42.16%

-47.09%

+4.93%

Current Drawdown

Current decline from peak

-26.21%

-26.65%

+0.44%

Average Drawdown

Average peak-to-trough decline

-29.42%

-29.29%

-0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.72%

12.31%

-0.59%

Volatility

SGGDX vs. OPGSX - Volatility Comparison

The current volatility for First Eagle Gold Fund (SGGDX) is 13.55%, while Invesco Gold & Special Minerals Fund (OPGSX) has a volatility of 15.59%. This indicates that SGGDX experiences smaller price fluctuations and is considered to be less risky than OPGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


SGGDXOPGSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.55%

15.59%

-2.04%

Volatility (6M)

Calculated over the trailing 6-month period

34.11%

37.02%

-2.91%

Volatility (1Y)

Calculated over the trailing 1-year period

39.76%

45.12%

-5.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

29.11%

33.95%

-4.84%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.38%

33.10%

-5.72%

SGGDX vs. OPGSX - Expense Ratio Comparison

SGGDX has a 1.19% expense ratio, which is higher than OPGSX's 1.05% expense ratio.


Dividends

SGGDX vs. OPGSX - Dividend Comparison

SGGDX's dividend yield for the trailing twelve months is around 1.10%, more than OPGSX's 0.44% yield.


PositionTTM2025202420232022202120202019201820172016
OPGSX
Invesco Gold & Special Minerals Fund
0.44%0.43%0.86%0.81%0.45%3.56%1.55%0.29%0.00%2.78%7.21%
SGGDX
First Eagle Gold Fund
1.10%1.08%5.26%0.87%0.00%0.96%1.25%0.00%0.00%0.00%0.00%

Frequently Asked Questions


SGGDX and OPGSX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

OPGSX has higher volatility (15.59%) compared to SGGDX (13.55%). In terms of maximum drawdown, SGGDX dropped -70.69% vs OPGSX's -80.04%.

OPGSX currently has the higher Sharpe Ratio (1.33 vs 1.25), 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.

Portfolio Optimizer

Find the right allocation for SGGDX and OPGSX

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