SGGDX vs. RYPMX

Last updated Jul 14, 2026

SGGDX (First Eagle Gold Fund) and RYPMX (Rydex Precious Metals Fund) are both mutual funds - SGGDX is a Gold fund managed by First Eagle, while RYPMX is a Precious Metals fund managed by Rydex Funds. Over the past 10 years, SGGDX returned 10.55%/yr vs 10.83%/yr for RYPMX. Their correlation of 0.91 suggests significant overlap in exposure. SGGDX charges 1.19%/yr vs 1.26%/yr for RYPMX.

Performance

SGGDX vs. RYPMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund (SGGDX) and Rydex Precious Metals Fund (RYPMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGGDX achieves a -8.70% return, which is significantly higher than RYPMX's -9.53% return. Both investments have delivered pretty close results over the past 10 years, with SGGDX having a 10.55% annualized return and RYPMX not far ahead at 10.83%.

SGGDX

• 1D: -0.55%
• 1M: -4.29%
• 6M: -16.92%
• YTD: -8.70%
• 1Y: 41.55%
• 3Y*: 33.56%
• 5Y*: 18.43%
• 10Y*: 10.55%

RYPMX

• 1D: -0.48%
• 1M: -7.00%
• 6M: -19.78%
• YTD: -9.53%
• 1Y: 46.15%
• 3Y*: 37.13%
• 5Y*: 16.82%
• 10Y*: 10.83%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGGDX vs. RYPMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SGGDX First Eagle Gold Fund	-8.70%	128.39%	10.32%	7.01%	-1.56%	-7.78%	29.63%	38.51%	-15.90%	8.12%
RYPMX Rydex Precious Metals Fund	-9.53%	148.94%	10.14%	4.24%	-10.57%	-8.96%	34.25%	52.91%	-16.56%	7.04%

Correlation

The correlation between SGGDX and RYPMX is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Jan 3, 1994	0.91

The correlation between SGGDX and RYPMX has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.

Return for Risk

SGGDX vs. RYPMX — Risk / Return Rank

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

SGGDX

SGGDX Risk / Return Rank: 23
SGGDX Sharpe Ratio Rank: 25
SGGDX Sortino Ratio Rank: 22
SGGDX Omega Ratio Rank: 27
SGGDX Calmar Ratio Rank: 23
SGGDX Martin Ratio Rank: 17

RYPMX

RYPMX Risk / Return Rank: 22
RYPMX Sharpe Ratio Rank: 22
RYPMX Sortino Ratio Rank: 22
RYPMX Omega Ratio Rank: 25
RYPMX Calmar Ratio Rank: 23
RYPMX Martin Ratio Rank: 17

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. RYPMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund (SGGDX) and Rydex Precious Metals Fund (RYPMX). 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	RYPMX	Difference
Sharpe ratio: Return per unit of total volatility	1.08	1.01	+0.07
Sortino ratio: Return per unit of downside risk	1.48	1.46	+0.02
Omega ratio: Gain probability vs. loss probability	1.21	1.20	+0.01
Calmar ratio: Return relative to maximum drawdown	1.33	1.34	-0.01
Martin ratio: Return relative to average drawdown	3.14	3.16	-0.02

SGGDX vs. RYPMX - Sharpe Ratio Comparison

The current SGGDX Sharpe Ratio is 1.08, which is comparable to the RYPMX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of SGGDX and RYPMX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SGGDX vs. RYPMX - Drawdown Comparison

The maximum SGGDX drawdown since its inception was -70.69%, smaller than the maximum RYPMX drawdown of -81.25%. Use the drawdown chart below to compare losses from any high point for SGGDX and RYPMX.

Drawdown Indicators

	SGGDX	RYPMX	Difference
Max Drawdown Largest peak-to-trough decline	-70.69%	-81.25%	+10.56%
Max Drawdown (1Y) Largest decline over 1 year	-32.69%	-36.40%	+3.71%
Max Drawdown (3Y) Largest decline over 3 years	-32.69%	-36.40%	+3.71%
Max Drawdown (5Y) Largest decline over 5 years	-34.02%	-46.46%	+12.44%
Max Drawdown (10Y) Largest decline over 10 years	-42.16%	-47.81%	+5.65%
Current Drawdown Current decline from peak	-31.24%	-34.43%	+3.19%
Average Drawdown Average peak-to-trough decline	-29.42%	-40.34%	+10.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.76%	15.39%	-1.63%

Volatility

SGGDX vs. RYPMX - Volatility Comparison

The current volatility for First Eagle Gold Fund (SGGDX) is 12.78%, while Rydex Precious Metals Fund (RYPMX) has a volatility of 15.30%. This indicates that SGGDX experiences smaller price fluctuations and is considered to be less risky than RYPMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGGDX	RYPMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.78%	15.30%	-2.52%
Volatility (6M) Calculated over the trailing 6-month period	34.17%	40.06%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	40.25%	48.20%	-7.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.33%	37.54%	-8.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.40%	37.26%	-9.86%

SGGDX vs. RYPMX - Expense Ratio Comparison

SGGDX has a 1.19% expense ratio, which is lower than RYPMX's 1.26% expense ratio.

Dividends

SGGDX vs. RYPMX - Dividend Comparison

SGGDX's dividend yield for the trailing twelve months is around 1.18%, less than RYPMX's 3.32% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYPMX Rydex Precious Metals Fund	3.32%	3.01%	0.00%	3.51%	7.15%	6.39%	1.06%	2.08%	1.35%	5.53%	4.04%	0.58%
SGGDX First Eagle Gold Fund	1.18%	1.08%	5.26%	0.87%	0.00%	0.96%	1.25%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SGGDX and RYPMX in my portfolio?

With a correlation of 0.98, SGGDX and RYPMX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SGGDX or RYPMX?

RYPMX has higher volatility (15.30%) compared to SGGDX (12.78%). In terms of maximum drawdown, SGGDX dropped -70.69% vs RYPMX's -81.25%.

Which has better risk-adjusted returns?

SGGDX currently has the higher Sharpe Ratio (1.08 vs 1.01), 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.