SGGDX vs. SPY
Compare and contrast key facts about First Eagle Gold Fund (SGGDX) and State Street SPDR S&P 500 ETF (SPY).
SGGDX is managed by First Eagle. It was launched on Aug 30, 1993. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
SGGDX vs. SPY - Performance Comparison
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SGGDX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGGDX First Eagle Gold Fund | 2.57% | 128.39% | 10.32% | 7.01% | -1.56% | -7.78% | 29.63% | 38.51% | -15.90% | 8.12% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, SGGDX achieves a 2.57% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, SGGDX has outperformed SPY with an annualized return of 15.55%, while SPY has yielded a comparatively lower 13.98% annualized return.
SGGDX
- 1D
- -0.12%
- 1M
- -22.40%
- YTD
- 2.57%
- 6M
- 18.94%
- 1Y
- 78.09%
- 3Y*
- 35.63%
- 5Y*
- 22.59%
- 10Y*
- 15.55%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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SGGDX vs. SPY - Expense Ratio Comparison
SGGDX has a 1.19% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
SGGDX vs. SPY — Risk / Return Rank
SGGDX
SPY
SGGDX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund (SGGDX) and State Street SPDR S&P 500 ETF (SPY). 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.
| SGGDX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.06 | 0.93 | +1.13 |
Sortino ratioReturn per unit of downside risk | 2.32 | 1.45 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.96 | 1.53 | +1.43 |
Martin ratioReturn relative to average drawdown | 10.93 | 7.30 | +3.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGGDX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 0.93 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.69 | +0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.78 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.56 | -0.27 |
Correlation
The correlation between SGGDX and SPY is 0.15, 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.
Dividends
SGGDX vs. SPY - Dividend Comparison
SGGDX's dividend yield for the trailing twelve months is around 1.05%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGGDX First Eagle Gold Fund | 1.05% | 1.08% | 5.26% | 0.87% | 0.00% | 0.96% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
SGGDX vs. SPY - Drawdown Comparison
The maximum SGGDX drawdown since its inception was -70.69%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SGGDX and SPY.
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Drawdown Indicators
| SGGDX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.69% | -55.19% | -15.50% |
Max Drawdown (1Y)Largest decline over 1 year | -26.67% | -12.05% | -14.62% |
Max Drawdown (5Y)Largest decline over 5 years | -34.02% | -24.50% | -9.52% |
Max Drawdown (10Y)Largest decline over 10 years | -42.16% | -33.72% | -8.44% |
Current DrawdownCurrent decline from peak | -22.75% | -6.24% | -16.51% |
Average DrawdownAverage peak-to-trough decline | -29.49% | -9.09% | -20.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 2.52% | +4.69% |
Volatility
SGGDX vs. SPY - Volatility Comparison
First Eagle Gold Fund (SGGDX) has a higher volatility of 13.90% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that SGGDX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGGDX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.90% | 5.31% | +8.59% |
Volatility (6M)Calculated over the trailing 6-month period | 32.50% | 9.47% | +23.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.59% | 19.05% | +19.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.10% | 17.06% | +11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.14% | 17.92% | +9.22% |