USERX vs. UNWPX

Last updated Jun 24, 2026

USERX (U.S. Global Investors Gold & Precious Metals Fund) and UNWPX (U.S. Global Investors World Precious Minerals Fund) are both mutual funds - USERX is a Gold fund managed by US Global, while UNWPX is a Precious Metals fund managed by US Global. Over the past 10 years, USERX returned 13.56%/yr vs 3.94%/yr for UNWPX. Their correlation of 0.83 suggests significant overlap in exposure. USERX charges 1.52%/yr vs 1.53%/yr for UNWPX.

Performance

USERX vs. UNWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Investors Gold & Precious Metals Fund (USERX) and U.S. Global Investors World Precious Minerals Fund (UNWPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USERX achieves a -3.81% return, which is significantly lower than UNWPX's 7.34% return. Over the past 10 years, USERX has outperformed UNWPX with an annualized return of 13.56%, while UNWPX has yielded a comparatively lower 3.94% annualized return.

USERX

• 1D: -0.36%
• 1M: -3.43%
• YTD: -3.81%
• 6M: -7.68%
• 1Y: 64.56%
• 3Y*: 46.28%
• 5Y*: 17.80%
• 10Y*: 13.56%

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%

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

USERX vs. UNWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USERX U.S. Global Investors Gold & Precious Metals Fund	-3.81%	167.44%	16.75%	1.44%	-17.44%	-10.80%	37.16%	51.34%	-14.24%	13.07%
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%

Correlation

The correlation between USERX and UNWPX is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 27, 1985	0.84

The correlation between USERX and UNWPX has been stable across timeframes, ranging from 0.83 to 0.89 - a consistent structural relationship.

Return for Risk

USERX vs. UNWPX — Risk / Return Rank

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

USERX

USERX Risk / Return Rank: 25
USERX Sharpe Ratio Rank: 29
USERX Sortino Ratio Rank: 22
USERX Omega Ratio Rank: 28
USERX Calmar Ratio Rank: 27
USERX Martin Ratio Rank: 20

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

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.

USERX vs. UNWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Investors Gold & Precious Metals Fund (USERX) and U.S. Global Investors World Precious Minerals Fund (UNWPX). 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.

	USERX	UNWPX	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.87	-0.44
Sortino ratio: Return per unit of downside risk	1.82	2.31	-0.50
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	1.80	2.85	-1.05
Martin ratio: Return relative to average drawdown	4.67	9.41	-4.74

USERX vs. UNWPX - Sharpe Ratio Comparison

The current USERX Sharpe Ratio is 1.43, which is comparable to the UNWPX Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of USERX and UNWPX, 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

USERX vs. UNWPX - Drawdown Comparison

The maximum USERX drawdown since its inception was -97.74%, which is greater than UNWPX's maximum drawdown of -83.78%. Use the drawdown chart below to compare losses from any high point for USERX and UNWPX.

Drawdown Indicators

	USERX	UNWPX	Difference
Max Drawdown Largest peak-to-trough decline	-97.74%	-83.78%	-13.96%
Max Drawdown (1Y) Largest decline over 1 year	-36.89%	-29.02%	-7.87%
Max Drawdown (3Y) Largest decline over 3 years	-36.89%	-29.17%	-7.72%
Max Drawdown (5Y) Largest decline over 5 years	-40.91%	-60.80%	+19.89%
Max Drawdown (10Y) Largest decline over 10 years	-43.45%	-69.19%	+25.74%
Current Drawdown Current decline from peak	-47.40%	-39.51%	-7.89%
Average Drawdown Average peak-to-trough decline	-75.01%	-49.47%	-25.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.17%	8.77%	+5.40%

Volatility

USERX vs. UNWPX - Volatility Comparison

U.S. Global Investors Gold & Precious Metals Fund (USERX) has a higher volatility of 16.96% compared to U.S. Global Investors World Precious Minerals Fund (UNWPX) at 14.31%. This indicates that USERX's price experiences larger fluctuations and is considered to be riskier than UNWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USERX	UNWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.96%	14.31%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	39.30%	37.62%	+1.68%
Volatility (1Y) Calculated over the trailing 1-year period	46.49%	44.31%	+2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.75%	31.80%	+1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.21%	30.60%	+3.61%

USERX vs. UNWPX - Expense Ratio Comparison

USERX has a 1.52% expense ratio, which is lower than UNWPX's 1.53% expense ratio.

Dividends

USERX vs. UNWPX - Dividend Comparison

USERX's dividend yield for the trailing twelve months is around 6.03%, less than UNWPX's 83.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
USERX U.S. Global Investors Gold & Precious Metals Fund	6.03%	2.95%	1.48%	0.00%	0.00%	2.13%	2.68%	0.00%	1.76%	0.00%	0.88%	0.47%

Frequently Asked Questions

Can I hold both USERX and UNWPX in my portfolio?

USERX and UNWPX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USERX or UNWPX?

USERX has higher volatility (16.96%) compared to UNWPX (14.31%). In terms of maximum drawdown, USERX dropped -97.74% vs UNWPX's -83.78%.

Which has better risk-adjusted returns?

UNWPX currently has the higher Sharpe Ratio (1.87 vs 1.43), 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.