SRUUF vs. SGDLX

Last updated Jun 5, 2026

SRUUF (Sprott Physical Uranium Trust Fund) and SGDLX (Sprott Gold Equity Fund) are both mutual funds - SRUUF is a Commodities fund actively managed by Sprott, while SGDLX is a Precious Metals fund managed by Sprott. Over the past 3 years, SRUUF returned 14.39%/yr vs 41.87%/yr for SGDLX. At a 0.31 correlation, their price movements are largely independent. SRUUF charges 0.70%/yr vs 1.44%/yr for SGDLX.

Performance

SRUUF vs. SGDLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Physical Uranium Trust Fund (SRUUF) and Sprott Gold Equity Fund (SGDLX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRUUF achieves a 0.42% return, which is significantly lower than SGDLX's 0.53% return.

SRUUF

• 1D: -0.51%
• 1M: -3.75%
• YTD: 0.42%
• 6M: 7.42%
• 1Y: 20.38%
• 3Y*: 14.39%
• 5Y*: —
• 10Y*: —

SGDLX

• 1D: -3.24%
• 1M: 0.14%
• YTD: 0.53%
• 6M: 9.30%
• 1Y: 61.55%
• 3Y*: 41.87%
• 5Y*: 18.15%
• 10Y*: —

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

SRUUF vs. SGDLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SRUUF Sprott Physical Uranium Trust Fund	0.42%	12.66%	-18.89%	82.09%	7.65%	17.26%
SGDLX Sprott Gold Equity Fund	0.53%	147.67%	20.58%	1.91%	-13.21%	-1.63%

Correlation

The correlation between SRUUF and SGDLX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 23, 2021	0.31

The correlation between SRUUF and SGDLX shifts across timeframes, from 0.26 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SRUUF vs. SGDLX — Risk / Return Rank

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

SRUUF

SRUUF Risk / Return Rank: 8
SRUUF Sharpe Ratio Rank: 8
SRUUF Sortino Ratio Rank: 9
SRUUF Omega Ratio Rank: 8
SRUUF Calmar Ratio Rank: 10
SRUUF Martin Ratio Rank: 7

SGDLX

SGDLX Risk / Return Rank: 27
SGDLX Sharpe Ratio Rank: 29
SGDLX Sortino Ratio Rank: 21
SGDLX Omega Ratio Rank: 28
SGDLX Calmar Ratio Rank: 34
SGDLX Martin Ratio Rank: 21

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.

SRUUF vs. SGDLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Physical Uranium Trust Fund (SRUUF) and Sprott Gold Equity Fund (SGDLX). 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.

	SRUUF	SGDLX	Difference
Sharpe ratio: Return per unit of total volatility	0.59	1.56	-0.96
Sortino ratio: Return per unit of downside risk	1.04	1.94	-0.90
Omega ratio: Gain probability vs. loss probability	1.13	1.28	-0.15
Calmar ratio: Return relative to maximum drawdown	0.89	2.17	-1.28
Martin ratio: Return relative to average drawdown	1.80	5.46	-3.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRUUF vs. SGDLX - Sharpe Ratio Comparison

The current SRUUF Sharpe Ratio is 0.59, which is lower than the SGDLX Sharpe Ratio of 1.56. The chart below compares the historical Sharpe Ratios of SRUUF and SGDLX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SRUUF	SGDLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	1.56	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.59	-0.19

Drawdowns

SRUUF vs. SGDLX - Drawdown Comparison

The maximum SRUUF drawdown since its inception was -48.68%, roughly equal to the maximum SGDLX drawdown of -47.59%. Use the drawdown chart below to compare losses from any high point for SRUUF and SGDLX.

Drawdown Indicators

	SRUUF	SGDLX	Difference
Max Drawdown Largest peak-to-trough decline	-48.68%	-47.59%	-1.09%
Max Drawdown (1Y) Largest decline over 1 year	-22.98%	-28.77%	+5.79%
Max Drawdown (3Y) Largest decline over 3 years	-48.68%	-28.77%	-19.91%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.98%	—
Current Drawdown Current decline from peak	-21.99%	-24.32%	+2.33%
Average Drawdown Average peak-to-trough decline	-21.79%	-18.29%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.35%	11.42%	-0.07%

Volatility

SRUUF vs. SGDLX - Volatility Comparison

The current volatility for Sprott Physical Uranium Trust Fund (SRUUF) is 7.75%, while Sprott Gold Equity Fund (SGDLX) has a volatility of 13.73%. This indicates that SRUUF experiences smaller price fluctuations and is considered to be less risky than SGDLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRUUF	SGDLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.75%	13.73%	-5.98%
Volatility (6M) Calculated over the trailing 6-month period	24.49%	33.70%	-9.21%
Volatility (1Y) Calculated over the trailing 1-year period	34.43%	40.11%	-5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.79%	31.60%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.79%	33.88%	+7.91%

SRUUF vs. SGDLX - Expense Ratio Comparison

SRUUF has a 0.70% expense ratio, which is lower than SGDLX's 1.44% expense ratio.

Dividends

SRUUF vs. SGDLX - Dividend Comparison

SRUUF has not paid dividends to shareholders, while SGDLX's dividend yield for the trailing twelve months is around 0.66%.

Position	TTM	2025	2024	2023	2022
SGDLX Sprott Gold Equity Fund	0.66%	0.67%	0.00%	0.00%	0.12%
SRUUF Sprott Physical Uranium Trust Fund	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SRUUF and SGDLX in my portfolio?

SRUUF and SGDLX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRUUF or SGDLX?

SGDLX has higher volatility (13.73%) compared to SRUUF (7.75%). In terms of maximum drawdown, SRUUF dropped -48.68% vs SGDLX's -47.59%.

Which has better risk-adjusted returns?

SGDLX currently has the higher Sharpe Ratio (1.56 vs 0.59), 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.