SGGDX vs. OPGSX
SGGDX (First Eagle Gold Fund) and OPGSX (Invesco Gold & Special Minerals Fund) are both Gold funds. Over the past 10 years, SGGDX returned 12.78%/yr vs 13.96%/yr for OPGSX. Their correlation of 0.93 suggests significant overlap in exposure. SGGDX charges 1.19%/yr vs 1.05%/yr for OPGSX.
Performance
SGGDX vs. OPGSX - Performance Comparison
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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%
SGGDX vs. OPGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
SGGDX
OPGSX
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.
| SGGDX | OPGSX | Difference | |
|---|---|---|---|
| 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 |
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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
| SGGDX | OPGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -26.21% | -26.65% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -29.42% | -29.29% | -0.13% |
Ulcer IndexDepth 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
| SGGDX | OPGSX | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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.
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