UNWPX vs. NEARX

Last updated Jun 24, 2026

UNWPX (U.S. Global Investors World Precious Minerals Fund) and NEARX (U.S. Global Investors Near-Term Tax Free Fund) are both mutual funds - UNWPX is a Precious Metals fund managed by US Global, while NEARX is a Municipal Bonds fund managed by US Global. Over the past 10 years, UNWPX returned 3.94%/yr vs 1.06%/yr for NEARX. At a 0.03 correlation, their price movements are largely independent. UNWPX charges 1.53%/yr vs 0.45%/yr for NEARX.

Performance

UNWPX vs. NEARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Investors World Precious Minerals Fund (UNWPX) and U.S. Global Investors Near-Term Tax Free Fund (NEARX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNWPX achieves a 7.34% return, which is significantly higher than NEARX's 1.04% return. Over the past 10 years, UNWPX has outperformed NEARX with an annualized return of 3.94%, while NEARX has yielded a comparatively lower 1.06% annualized return.

UNWPX

• 1D: -1.03%
• 1M: -9.86%
• YTD: 7.34%
• 6M: 5.41%
• 1Y: 82.24%
• 3Y*: 33.44%
• 5Y*: 4.34%
• 10Y*: 3.94%

NEARX

• 1D: 0.00%
• 1M: 1.18%
• YTD: 1.04%
• 6M: 1.27%
• 1Y: 3.01%
• 3Y*: 2.98%
• 5Y*: 0.85%
• 10Y*: 1.06%

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

UNWPX vs. NEARX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UNWPX U.S. Global Investors World Precious Minerals Fund	7.34%	136.32%	2.07%	-16.18%	-32.95%	-13.88%	70.83%	22.59%	-31.49%	-3.82%
NEARX U.S. Global Investors Near-Term Tax Free Fund	1.04%	3.47%	2.19%	3.04%	-5.25%	-0.46%	2.94%	2.40%	1.58%	1.48%

Correlation

The correlation between UNWPX and NEARX is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Nov 30, 1990	0.03

Return for Risk

UNWPX vs. NEARX — Risk / Return Rank

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

UNWPX

UNWPX Risk / Return Rank: 46
UNWPX Sharpe Ratio Rank: 48
UNWPX Sortino Ratio Rank: 36
UNWPX Omega Ratio Rank: 39
UNWPX Calmar Ratio Rank: 60
UNWPX Martin Ratio Rank: 48

NEARX

NEARX Risk / Return Rank: 37
NEARX Sharpe Ratio Rank: 20
NEARX Sortino Ratio Rank: 24
NEARX Omega Ratio Rank: 82
NEARX Calmar Ratio Rank: 34
NEARX Martin Ratio Rank: 24

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.

UNWPX vs. NEARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Investors World Precious Minerals Fund (UNWPX) and U.S. Global Investors Near-Term Tax Free Fund (NEARX). 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.

	UNWPX	NEARX	Difference
Sharpe ratio: Return per unit of total volatility	1.87	1.19	+0.68
Sortino ratio: Return per unit of downside risk	2.31	1.87	+0.44
Omega ratio: Gain probability vs. loss probability	1.31	1.50	-0.19
Calmar ratio: Return relative to maximum drawdown	2.85	2.08	+0.77
Martin ratio: Return relative to average drawdown	9.41	5.39	+4.02

UNWPX vs. NEARX - Sharpe Ratio Comparison

The current UNWPX Sharpe Ratio is 1.87, which is higher than the NEARX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of UNWPX and NEARX, 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

UNWPX vs. NEARX - Drawdown Comparison

The maximum UNWPX drawdown since its inception was -83.78%, roughly equal to the maximum NEARX drawdown of -80.12%. Use the drawdown chart below to compare losses from any high point for UNWPX and NEARX.

Drawdown Indicators

	UNWPX	NEARX	Difference
Max Drawdown Largest peak-to-trough decline	-83.78%	-80.12%	-3.66%
Max Drawdown (1Y) Largest decline over 1 year	-29.02%	-1.45%	-27.57%
Max Drawdown (3Y) Largest decline over 3 years	-29.17%	-1.45%	-27.72%
Max Drawdown (5Y) Largest decline over 5 years	-60.80%	-6.91%	-53.89%
Max Drawdown (10Y) Largest decline over 10 years	-69.19%	-6.91%	-62.28%
Current Drawdown Current decline from peak	-39.51%	-0.29%	-39.22%
Average Drawdown Average peak-to-trough decline	-49.47%	-20.80%	-28.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.77%	0.56%	+8.21%

Volatility

UNWPX vs. NEARX - Volatility Comparison

U.S. Global Investors World Precious Minerals Fund (UNWPX) has a higher volatility of 14.31% compared to U.S. Global Investors Near-Term Tax Free Fund (NEARX) at 0.68%. This indicates that UNWPX's price experiences larger fluctuations and is considered to be riskier than NEARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UNWPX	NEARX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.31%	0.68%	+13.63%
Volatility (6M) Calculated over the trailing 6-month period	37.62%	1.79%	+35.83%
Volatility (1Y) Calculated over the trailing 1-year period	44.31%	2.55%	+41.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.80%	2.50%	+29.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.60%	2.55%	+28.05%

UNWPX vs. NEARX - Expense Ratio Comparison

UNWPX has a 1.53% expense ratio, which is higher than NEARX's 0.45% expense ratio.

Dividends

UNWPX vs. NEARX - Dividend Comparison

UNWPX's dividend yield for the trailing twelve months is around 83.64%, more than NEARX's 2.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NEARX U.S. Global Investors Near-Term Tax Free Fund	2.49%	2.45%	2.65%	2.50%	1.10%	0.88%	1.10%	1.46%	2.01%	1.47%	1.36%	1.83%
UNWPX U.S. Global Investors World Precious Minerals Fund	83.64%	5.95%	0.00%	0.00%	0.00%	71.74%	6.76%	0.00%	17.45%	28.55%	0.33%	9.84%

Frequently Asked Questions

Can I hold both UNWPX and NEARX in my portfolio?

UNWPX and NEARX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UNWPX or NEARX?

UNWPX has higher volatility (14.31%) compared to NEARX (0.68%). In terms of maximum drawdown, UNWPX dropped -83.78% vs NEARX's -80.12%.

Which has better risk-adjusted returns?

UNWPX currently has the higher Sharpe Ratio (1.87 vs 1.19), 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.