USLUX vs. UNWPX

Last updated Aug 1, 2026

USLUX (U.S. Global Investors Global Luxury Goods Fund) and UNWPX (U.S. Global Investors World Precious Minerals Fund) are both mutual funds - USLUX is a Consumer Discretionary Equities fund managed by US Global, while UNWPX is a Precious Metals fund managed by US Global. Over the past 10 years, USLUX returned 9.49%/yr vs 1.72%/yr for UNWPX. Their 0.29 correlation means their historical movements had little consistent relationship. USLUX charges 1.55%/yr vs 1.53%/yr for UNWPX.

Performance

USLUX vs. UNWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Investors Global Luxury Goods Fund (USLUX) 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, USLUX achieves a -3.16% return, which is significantly lower than UNWPX's 2.31% return. Over the past 10 years, USLUX has outperformed UNWPX with an annualized return of 9.49%, while UNWPX has yielded a comparatively lower 1.72% annualized return.

USLUX

• 1D: 1.25%
• 1M: 0.33%
• 6M: -1.86%
• YTD: -3.16%
• 1Y: 11.52%
• 3Y*: 8.05%
• 5Y*: 5.44%
• 10Y*: 9.49%
• ALL TIME*: 4.17%

UNWPX

• 1D: 2.23%
• 1M: -3.68%
• 6M: -4.92%
• YTD: 2.31%
• 1Y: 69.58%
• 3Y*: 29.96%
• 5Y*: 4.55%
• 10Y*: 1.72%
• ALL TIME*: 9.19%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
UNWPX U.S. Global Investors World Precious Minerals Fund	$0.00	$0.00	$0.00
USLUX U.S. Global Investors Global Luxury Goods Fund	$0.00	$0.00	$0.00

USLUX vs. UNWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USLUX U.S. Global Investors Global Luxury Goods Fund	-3.16%	17.87%	14.26%	23.79%	-23.91%	25.14%	20.76%	13.72%	-8.30%	19.19%
UNWPX U.S. Global Investors World Precious Minerals Fund	2.31%	136.32%	2.07%	-16.18%	-32.95%	-13.88%	70.83%	22.59%	-31.49%	-3.82%

Correlation

The correlation between USLUX and UNWPX is 0.42, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.42
Correlation (3Y) Balances recent behavior with more history.	0.37
Correlation (5Y) Shows whether the relationship held over a longer period.	0.44
Correlation (10Y) Provides a long-term view across more market conditions.	0.35
Correlation (All Time) Calculated using the full available price history since Jun 20, 1996	0.30

The correlation between USLUX and UNWPX shifts across timeframes, from 0.29 (all time) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

USLUX vs. UNWPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

USLUX

USLUX Risk / Return Rank: 10
USLUX Sharpe Ratio Rank: 10
USLUX Sortino Ratio Rank: 10
USLUX Omega Ratio Rank: 10
USLUX Calmar Ratio Rank: 10
USLUX Martin Ratio Rank: 10

UNWPX

UNWPX Risk / Return Rank: 56
UNWPX Sharpe Ratio Rank: 62
UNWPX Sortino Ratio Rank: 53
UNWPX Omega Ratio Rank: 54
UNWPX Calmar Ratio Rank: 72
UNWPX Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USLUX vs. UNWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Investors Global Luxury Goods Fund (USLUX) 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.

	USLUX	UNWPX	Difference
Sharpe ratio: Return per unit of total volatility	0.37	1.49	-1.12
Sortino ratio: Return per unit of downside risk	0.68	1.98	-1.31
Omega ratio: Gain probability vs. loss probability	1.08	1.26	-0.18
Calmar ratio: Return relative to maximum drawdown	0.47	2.36	-1.88
Martin ratio: Return relative to average drawdown	1.24	5.76	-4.53

USLUX vs. UNWPX - Sharpe Ratio Comparison

The current USLUX Sharpe Ratio is 0.37, which is lower than the UNWPX Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of USLUX 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

USLUX vs. UNWPX - Drawdown Comparison

The maximum USLUX drawdown since its inception was -77.61%, smaller than the maximum UNWPX drawdown of -83.78%. Use the drawdown chart below to compare losses from any high point for USLUX and UNWPX.

Drawdown Indicators

	USLUX	UNWPX	Difference
Max Drawdown Largest peak-to-trough decline	-77.61%	-83.78%	+6.17%
Max Drawdown (1Y) Largest decline over 1 year	-15.68%	-29.02%	+13.34%
Max Drawdown (3Y) Largest decline over 3 years	-20.96%	-29.02%	+8.06%
Max Drawdown (5Y) Largest decline over 5 years	-33.85%	-58.13%	+24.28%
Max Drawdown (10Y) Largest decline over 10 years	-34.51%	-69.19%	+34.68%
Current Drawdown Current decline from peak	-5.63%	-42.35%	+36.72%
Average Drawdown Average peak-to-trough decline	-41.90%	-49.46%	+7.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.99%	11.84%	-5.85%

Volatility

USLUX vs. UNWPX - Volatility Comparison

The current volatility for U.S. Global Investors Global Luxury Goods Fund (USLUX) is 5.87%, while U.S. Global Investors World Precious Minerals Fund (UNWPX) has a volatility of 12.12%. This indicates that USLUX experiences smaller price fluctuations and is considered to be less risky than UNWPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USLUX	UNWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	12.12%	-6.25%
Volatility (6M) Calculated over the trailing 6-month period	16.37%	38.48%	-22.11%
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	45.76%	-25.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.14%	32.10%	-10.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.78%	30.70%	-10.92%

USLUX vs. UNWPX - Expense Ratio Comparison

USLUX has a 1.55% expense ratio, which is higher than UNWPX's 1.53% expense ratio.

Dividends

USLUX vs. UNWPX - Dividend Comparison

USLUX's dividend yield for the trailing twelve months is around 8.14%, less than UNWPX's 87.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UNWPX U.S. Global Investors World Precious Minerals Fund	87.75%	5.95%	0.00%	0.00%	0.00%	71.74%	6.76%	0.00%	17.45%	28.55%	0.33%	9.84%
USLUX U.S. Global Investors Global Luxury Goods Fund	8.14%	7.88%	9.94%	2.71%	6.40%	15.37%	0.12%	2.31%	16.18%	13.87%	8.35%	8.01%

Frequently Asked Questions

Can I hold both USLUX and UNWPX in my portfolio?

USLUX and UNWPX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USLUX or UNWPX?

UNWPX has higher volatility (12.12%) compared to USLUX (5.87%). In terms of maximum drawdown, USLUX dropped -77.61% vs UNWPX's -83.78%.

Which has better risk-adjusted returns?

UNWPX currently has the higher Sharpe Ratio (1.49 vs 0.37), 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.