USG vs. EPGIX

Last updated Jun 5, 2026

USG (USCF Gold Strategy Plus Income Fund) and EPGIX (EuroPac Gold Fund Class I) are both Gold funds. Over the past 3 years, USG returned 27.07%/yr vs 34.29%/yr for EPGIX. A 0.63 correlation means they provide meaningful diversification when combined. USG charges 0.45%/yr vs 1.12%/yr for EPGIX.

Performance

USG vs. EPGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USCF Gold Strategy Plus Income Fund (USG) and EuroPac Gold Fund Class I (EPGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USG achieves a 3.28% return, which is significantly higher than EPGIX's 3.10% return.

USG

• 1D: 0.88%
• 1M: -1.47%
• YTD: 3.28%
• 6M: 5.26%
• 1Y: 26.90%
• 3Y*: 27.07%
• 5Y*: —
• 10Y*: —

EPGIX

• 1D: -3.74%
• 1M: 0.73%
• YTD: 3.10%
• 6M: 8.36%
• 1Y: 59.67%
• 3Y*: 34.29%
• 5Y*: 13.05%
• 10Y*: —

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

USG vs. EPGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USG USCF Gold Strategy Plus Income Fund	3.28%	52.02%	23.70%	8.49%	2.12%	3.12%
EPGIX EuroPac Gold Fund Class I	3.10%	129.72%	8.80%	2.51%	-13.84%	-2.15%

Correlation

The correlation between USG and EPGIX is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Nov 4, 2021	0.63

The correlation between USG and EPGIX shifts across timeframes, from 0.63 (all time) to 0.76 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

USG vs. EPGIX — Risk / Return Rank

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

USG

USG Risk / Return Rank: 17
USG Sharpe Ratio Rank: 17
USG Sortino Ratio Rank: 15
USG Omega Ratio Rank: 22
USG Calmar Ratio Rank: 18
USG Martin Ratio Rank: 14

EPGIX

EPGIX Risk / Return Rank: 29
EPGIX Sharpe Ratio Rank: 32
EPGIX Sortino Ratio Rank: 22
EPGIX Omega Ratio Rank: 30
EPGIX Calmar Ratio Rank: 33
EPGIX Martin Ratio Rank: 25

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.

USG vs. EPGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USCF Gold Strategy Plus Income Fund (USG) and EuroPac Gold Fund Class I (EPGIX). 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.

	USG	EPGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.16	1.60	-0.44
Sortino ratio: Return per unit of downside risk	1.58	1.96	-0.38
Omega ratio: Gain probability vs. loss probability	1.24	1.28	-0.04
Calmar ratio: Return relative to maximum drawdown	1.47	2.15	-0.67
Martin ratio: Return relative to average drawdown	3.94	6.04	-2.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USG vs. EPGIX - Sharpe Ratio Comparison

The current USG Sharpe Ratio is 1.16, which is comparable to the EPGIX Sharpe Ratio of 1.60. The chart below compares the historical Sharpe Ratios of USG and EPGIX, 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

	USG	EPGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	1.60	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.57	+0.64

Drawdowns

USG vs. EPGIX - Drawdown Comparison

The maximum USG drawdown since its inception was -18.35%, smaller than the maximum EPGIX drawdown of -50.71%. Use the drawdown chart below to compare losses from any high point for USG and EPGIX.

Drawdown Indicators

	USG	EPGIX	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-50.71%	+32.36%
Max Drawdown (1Y) Largest decline over 1 year	-18.35%	-28.88%	+10.53%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	-28.88%	+10.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.95%	—
Current Drawdown Current decline from peak	-15.61%	-21.40%	+5.79%
Average Drawdown Average peak-to-trough decline	-4.35%	-18.59%	+14.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.84%	10.24%	-3.40%

Volatility

USG vs. EPGIX - Volatility Comparison

The current volatility for USCF Gold Strategy Plus Income Fund (USG) is 5.07%, while EuroPac Gold Fund Class I (EPGIX) has a volatility of 12.89%. This indicates that USG experiences smaller price fluctuations and is considered to be less risky than EPGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USG	EPGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.07%	12.89%	-7.82%
Volatility (6M) Calculated over the trailing 6-month period	21.55%	31.96%	-10.41%
Volatility (1Y) Calculated over the trailing 1-year period	23.22%	38.64%	-15.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.78%	32.49%	-16.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.78%	33.83%	-18.05%

USG vs. EPGIX - Expense Ratio Comparison

USG has a 0.45% expense ratio, which is lower than EPGIX's 1.12% expense ratio.

Dividends

USG vs. EPGIX - Dividend Comparison

USG's dividend yield for the trailing twelve months is around 26.66%, more than EPGIX's 6.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EPGIX EuroPac Gold Fund Class I	6.75%	6.96%	10.56%	0.00%	0.00%	2.76%	8.83%
USG USCF Gold Strategy Plus Income Fund	26.66%	27.33%	7.48%	8.16%	2.85%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USG and EPGIX in my portfolio?

USG and EPGIX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USG or EPGIX?

EPGIX has higher volatility (12.89%) compared to USG (5.07%). In terms of maximum drawdown, USG dropped -18.35% vs EPGIX's -50.71%.

Which has better risk-adjusted returns?

EPGIX currently has the higher Sharpe Ratio (1.60 vs 1.16), 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.