SGOL vs. SGDM
SGOL (abrdn Physical Gold Shares ETF) and SGDM (Sprott Gold Miners ETF) are both Gold funds - SGOL tracks the LBMA Gold Price PM ($/ozt) while SGDM tracks the Solactive Gold Miners Custom Factors Index. Both are passively managed. Over the past 10 years, SGOL returned 12.01%/yr vs 10.18%/yr for SGDM. Their 0.76 correlation means they have sometimes moved together and sometimes differently. SGOL charges 0.17%/yr vs 0.50%/yr for SGDM.
Performance
SGOL vs. SGDM - Performance Comparison
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Returns By Period
In the year-to-date period, SGOL achieves a -1.56% return, which is significantly lower than SGDM's -0.83% return. Over the past 10 years, SGOL has outperformed SGDM with an annualized return of 12.01%, while SGDM has yielded a comparatively lower 10.18% annualized return.
SGOL
- 1D
- 4.15%
- 1M
- 1.99%
- 6M
- -14.09%
- YTD
- -1.56%
- 1Y
- 25.51%
- 3Y*
- 29.62%
- 5Y*
- 19.05%
- 10Y*
- 12.01%
- ALL TIME*
- 8.62%
SGDM
- 1D
- 7.14%
- 1M
- 4.62%
- 6M
- -13.42%
- YTD
- -0.83%
- 1Y
- 44.80%
- 3Y*
- 41.48%
- 5Y*
- 21.32%
- 10Y*
- 10.18%
- ALL TIME*
- 9.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.96M | $1.93M | $2.92M | |
| $86.81M | $80.44M | $100.71M |
SGOL vs. SGDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGOL abrdn Physical Gold Shares ETF | -1.56% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | 12.86% |
SGDM Sprott Gold Miners ETF | -0.83% | 153.46% | 12.14% | 2.34% | -8.23% | -9.15% | 21.85% | 44.27% | -15.14% | 10.46% |
Correlation
The correlation between SGOL and SGDM is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.79 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2014 | 0.76 |
The correlation between SGOL and SGDM has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
SGOL vs. SGDM — Risk / Return Rank
SGOL
SGDM
SGOL vs. SGDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) and Sprott Gold Miners ETF (SGDM). 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.
| SGOL | SGDM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.19 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 1.18 | -0.20 |
| Martin ratioReturn relative to average drawdown | 2.06 | 2.49 | -0.43 |
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Drawdowns
SGOL vs. SGDM - Drawdown Comparison
The maximum SGOL drawdown since its inception was -45.51%, smaller than the maximum SGDM drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for SGOL and SGDM.
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Drawdown Indicators
| SGOL | SGDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -54.95% | +9.44% |
Max Drawdown (1Y)Largest decline over 1 year | -26.32% | -38.29% | +11.97% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -38.29% | +11.97% |
Max Drawdown (5Y)Largest decline over 5 years | -26.32% | -45.06% | +18.74% |
Max Drawdown (10Y)Largest decline over 10 years | -26.32% | -49.69% | +23.37% |
Current DrawdownCurrent decline from peak | -21.34% | -27.57% | +6.23% |
Average DrawdownAverage peak-to-trough decline | -18.46% | -25.56% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.42% | 18.03% | -5.61% |
Volatility
SGOL vs. SGDM - Volatility Comparison
The current volatility for abrdn Physical Gold Shares ETF (SGOL) is 7.10%, while Sprott Gold Miners ETF (SGDM) has a volatility of 13.24%. This indicates that SGOL experiences smaller price fluctuations and is considered to be less risky than SGDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOL | SGDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.10% | 13.24% | -6.14% |
Volatility (6M)Calculated over the trailing 6-month period | 19.89% | 37.33% | -17.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 48.10% | -20.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.46% | 36.70% | -18.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.14% | 37.05% | -20.91% |
SGOL vs. SGDM - Expense Ratio Comparison
SGOL has a 0.17% expense ratio, which is lower than SGDM's 0.50% expense ratio.
Dividends
SGOL vs. SGDM - Dividend Comparison
SGOL has not paid dividends to shareholders, while SGDM's dividend yield for the trailing twelve months is around 1.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGDM Sprott Gold Miners ETF | 1.05% | 1.04% | 1.04% | 1.39% | 1.42% | 1.33% | 0.30% | 0.25% | 0.50% | 0.58% | 0.02% | 1.47% |
SGOL abrdn Physical Gold Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGOL and SGDM have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGDM has higher volatility (13.24%) compared to SGOL (7.10%). In terms of maximum drawdown, SGOL dropped -45.51% vs SGDM's -54.95%.
On 10-year performance, SGOL leads with 12.01% vs 10.18% for SGDM. On fees, SGOL is cheaper at 0.17% per year. On volatility, SGOL has been the lower-risk option at 7.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SGOL has performed better with a 12.01% return vs 10.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOL is cheaper with a 0.17% expense ratio, compared with 0.50% for SGDM.
SGDM has the higher dividend yield at 1.05%, compared with 0.00% for SGOL.
SGOL tracks LBMA Gold Price PM ($/ozt), while SGDM tracks Solactive Gold Miners Custom Factors Index. They also come from different issuers: abrdn and Sprott. Their fees differ too: 0.17% for SGOL and 0.50% for SGDM.
SGDM currently has the higher Sharpe Ratio (0.94 vs 0.91), 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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