UFOX vs. SGDM

Last updated Jun 14, 2026

UFOX (Defiance Connective Technologies ETF) and SGDM (Sprott Gold Miners ETF) are both exchange-traded funds - UFOX is a Technology Equities fund tracking the BlueStar Connective Technologies Index, while SGDM is a Gold fund tracking the Solactive Gold Miners Custom Factors Index. Both are passively managed. Over the past 5 years, UFOX returned 21.65%/yr vs 17.23%/yr for SGDM. At a 0.23 correlation, their price movements are largely independent. UFOX charges 0.30%/yr vs 0.50%/yr for SGDM.

Performance

UFOX vs. SGDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Connective Technologies ETF (UFOX) and Sprott Gold Miners ETF (SGDM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UFOX achieves a 48.96% return, which is significantly higher than SGDM's -4.58% return.

UFOX

• 1D: -1.41%
• 1M: 0.06%
• YTD: 48.96%
• 6M: 46.16%
• 1Y: 96.14%
• 3Y*: 42.93%
• 5Y*: 21.65%
• 10Y*: —

SGDM

• 1D: 3.49%
• 1M: -14.98%
• YTD: -4.58%
• 6M: -4.02%
• 1Y: 43.72%
• 3Y*: 37.20%
• 5Y*: 17.23%
• 10Y*: 11.84%

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

UFOX vs. SGDM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
UFOX Defiance Connective Technologies ETF	48.96%	34.83%	34.11%	21.83%	-27.26%	25.68%	29.78%	5.58%
SGDM Sprott Gold Miners ETF	-4.58%	153.46%	12.14%	2.34%	-8.23%	-9.15%	21.85%	33.15%

Correlation

The correlation between UFOX and SGDM is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since Mar 5, 2019	0.23

The correlation between UFOX and SGDM shifts across timeframes, from 0.23 (all time) to 0.34 (1 year), reflecting how their relationship changes across market environments.

UFOX vs. SGDM - Sectors Allocation Comparison

Sectors	UFOX	SGDM
Technology	75.8%	-
Industrials	13.9%	-
Communication Services	7.1%	-
Real Estate	3.2%	-
Basic Materials	-	100.0%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

UFOX vs. SGDM — Risk / Return Rank

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

UFOX

UFOX Risk / Return Rank: 94
UFOX Sharpe Ratio Rank: 95
UFOX Sortino Ratio Rank: 92
UFOX Omega Ratio Rank: 91
UFOX Calmar Ratio Rank: 95
UFOX Martin Ratio Rank: 96

SGDM

SGDM Risk / Return Rank: 31
SGDM Sharpe Ratio Rank: 32
SGDM Sortino Ratio Rank: 29
SGDM Omega Ratio Rank: 33
SGDM Calmar Ratio Rank: 30
SGDM Martin Ratio Rank: 29

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.

UFOX vs. SGDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Connective Technologies ETF (UFOX) 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.

	UFOX	SGDM	Difference
Sharpe ratio: Return per unit of total volatility	3.40	1.01	+2.39
Sortino ratio: Return per unit of downside risk	3.94	1.42	+2.52
Omega ratio: Gain probability vs. loss probability	1.53	1.20	+0.33
Calmar ratio: Return relative to maximum drawdown	6.68	1.30	+5.39
Martin ratio: Return relative to average drawdown	28.71	3.60	+25.11

UFOX vs. SGDM - Sharpe Ratio Comparison

The current UFOX Sharpe Ratio is 3.40, which is higher than the SGDM Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of UFOX and SGDM, 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

UFOX vs. SGDM - Drawdown Comparison

The maximum UFOX drawdown since its inception was -33.90%, smaller than the maximum SGDM drawdown of -54.95%. Use the drawdown chart below to compare losses from any high point for UFOX and SGDM.

Drawdown Indicators

	UFOX	SGDM	Difference
Max Drawdown Largest peak-to-trough decline	-33.90%	-54.95%	+21.05%
Max Drawdown (1Y) Largest decline over 1 year	-14.14%	-35.96%	+21.82%
Max Drawdown (3Y) Largest decline over 3 years	-28.14%	-35.96%	+7.82%
Max Drawdown (5Y) Largest decline over 5 years	-33.90%	-45.06%	+11.16%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.69%	—
Current Drawdown Current decline from peak	-10.69%	-30.31%	+19.62%
Average Drawdown Average peak-to-trough decline	-9.02%	-25.46%	+16.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.29%	12.93%	-9.64%

Volatility

UFOX vs. SGDM - Volatility Comparison

The current volatility for Defiance Connective Technologies ETF (UFOX) is 13.40%, while Sprott Gold Miners ETF (SGDM) has a volatility of 16.53%. This indicates that UFOX 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.

Volatility by Period

	UFOX	SGDM	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.40%	16.53%	-3.13%
Volatility (6M) Calculated over the trailing 6-month period	23.05%	38.64%	-15.59%
Volatility (1Y) Calculated over the trailing 1-year period	27.78%	46.24%	-18.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.05%	36.11%	-11.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.48%	36.97%	-11.49%

UFOX vs. SGDM - Expense Ratio Comparison

UFOX has a 0.30% expense ratio, which is lower than SGDM's 0.50% expense ratio.

Dividends

UFOX vs. SGDM - Dividend Comparison

UFOX's dividend yield for the trailing twelve months is around 0.39%, less than SGDM's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGDM Sprott Gold Miners ETF	1.09%	1.04%	1.04%	1.39%	1.42%	1.33%	0.30%	0.25%	0.50%	0.58%	0.02%	1.47%
UFOX Defiance Connective Technologies ETF	0.39%	0.56%	0.79%	1.40%	1.63%	1.17%	0.99%	0.75%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UFOX and SGDM in my portfolio?

UFOX and SGDM have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UFOX or SGDM?

SGDM has higher volatility (16.53%) compared to UFOX (13.40%). In terms of maximum drawdown, UFOX dropped -33.90% vs SGDM's -54.95%.

Which ETF is better, UFOX or SGDM?

On 5-year performance, UFOX leads with 21.65% vs 17.23% for SGDM. On fees, UFOX is cheaper at 0.30% per year. On volatility, UFOX has been the lower-risk option at 13.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UFOX or SGDM?

Over the 5-year period, UFOX has performed better with a 21.65% return vs 17.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UFOX or SGDM?

UFOX is cheaper with a 0.30% expense ratio, compared with 0.50% for SGDM.

Which ETF pays a higher dividend yield, UFOX or SGDM?

SGDM has the higher dividend yield at 1.09%, compared with 0.39% for UFOX.

What is the main difference between UFOX and SGDM?

UFOX is categorized as Technology Equities, while SGDM is Gold. UFOX tracks BlueStar Connective Technologies Index, while SGDM tracks Solactive Gold Miners Custom Factors Index. They also come from different issuers: Defiance and Sprott. Their fees differ too: 0.30% for UFOX and 0.50% for SGDM.

Which has better risk-adjusted returns?

UFOX currently has the higher Sharpe Ratio (3.40 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.