Sprott Gold Miners ETF (SGDM) Performance
SGDM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.2% since Dec 31, 2025
- 1 year
- +13.0% total return
- 5 years
- +20.8% a year
- 10 years
- +12.7% a year
- Since first price
- +9.5% a year since 2014
SGDM trailing returns vs SPY, QQQ, AGG
| Period | SGDM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −14.2% | −14.2% | −1.0% | −5.0% | +0.9% |
| 3 months | +8.0% | +8.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −11.8% | −11.8% | +7.8% | +8.4% | −1.5% |
| YTD | −3.2% | −3.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.0% | +11.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +183.1%+41.5%/yr | +173.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +157.0%+20.8%/yr | +141.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +230.7%+12.7%/yr | +205.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJul 15, 2014 | +203.6%+9.5%/yr | +175.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SGDM vs SPY
From Jul 15, 2014: SGDM grew to $30,356, SPY to $47,242.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SGDM returns by calendar year
7 of 11 full years positive. Best 2025 (+153.5%), worst 2015 (−26.4%). 2026 is year to date.
SGDM annual returns table
| Year | SGDM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.2% | −38.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +153.5% | −18.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.1% | −18.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +2.3% | −29.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −8.2% | −45.1% | −18.2% | −32.6% | −13.0% |
| 2021 | −9.2% | −25.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +21.8% | −35.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +44.3% | −15.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −15.1% | −33.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +10.5% | −20.4% | +21.7% | +32.7% | +3.6% |
| 2016 | +48.2% | −41.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −26.4% | −44.6% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SGDM largest drawdowns
Now 29.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 13, 2014 | −54.9% | Jan 19, 2016 | Jun 29, 2016 | 1.4 years | 1.9 years |
| Aug 5, 2020 | −49.7% | Sep 26, 2022 | Mar 17, 2025 | 2.1 years | 4.6 years |
| Aug 2, 2016 | −49.2% | Nov 13, 2018 | Apr 23, 2020 | 2.3 years | 3.7 years |
| Mar 2, 2026 | −38.3% | Jul 20, 2026 | not yet | 5 months | 8 months so far |
| Oct 16, 2025 | −18.6% | Nov 4, 2025 | Dec 11, 2025 | 19 days | 56 days |
| Jan 28, 2026 | −18.0% | Feb 5, 2026 | Feb 24, 2026 | 8 days | 27 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SGDM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +49.6% | +26.0% | +12.8% | +10.4% |
| Volatility (annualized) | 38.9% | 36.6% | 35.4% | 38.3% |
| Sharpe ratio | 1.12 | 0.71 | 0.44 | 0.39 |
| Sortino ratio | 2.29 | 1.33 | 0.81 | 0.69 |
| Best month | +32.4% | +32.4% | +44.1% | +44.1% |
| Worst month | −20.7% | −20.7% | −20.7% | −20.7% |
| Best 12 months | +194.5% | +194.5% | +194.5% | +194.5% |
| Worst 12 months | +12.1% | −20.5% | −28.3% | −48.2% |
| Positive months | 64% | 58% | 51% | 51% |
| Beta vs S&P 500 | 0.18 | 0.56 | 0.65 | — |
| Correlation with S&P 500 | 0.06 | 0.24 | 0.28 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SGDM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 136 | −48.2% | +9.3% | +194.5% | 60% |
| 3-year (a year) | 112 | −11.0% | +7.1% | +59.7% | 78% |
| 5-year (a year) | 88 | −0.7% | +8.4% | +31.8% | 98% |
| 10-year (a year) | 28 | +2.7% | +12.2% | +20.2% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
SGDM performance overview
Sprott Gold Miners ETF (SGDM) returned +13.0% over the past year and +12.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +9.5% a year, turning $10,000 into about $30,356. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −54.9%, from Aug 13, 2014 to Jan 19, 2016, and it took 5 months to get back to the old high. SGDM finished 7 of its 11 full calendar years with a gain; the best year was 2025 (+153.5%) and the worst 2015 (−26.4%). Volatility has been 38.3% a year.
Related: SGDM chart, SGDM holdings, SGDM dividends. See the SGDM overview for the latest quote and fund facts.
SGDM performance FAQ
What is the SGDM return over the past year?
SGDM returned +13.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.8%.
What is the average annual return of SGDM?
SGDM has returned +20.8% a year over 5 years, +12.7% a year over 10 years, +9.5% a year since July 15, 2014 (total return, distributions reinvested).
How much would $10,000 invested in SGDM be worth?
$10,000 invested in SGDM at its first recorded close on July 15, 2014 would be worth about $30,356 on October 23, 2026 with distributions reinvested.
What was the worst year for SGDM?
The worst calendar year was 2015, with a total return of −26.4%. The best was 2025 at +153.5%.
What is the biggest drawdown of SGDM?
The largest peak-to-trough decline was −54.9% between August 13, 2014 and January 19, 2016. It recovered to the old high on June 29, 2016, 5 months after the bottom.
How volatile is SGDM?
Over the past 3 years SGDM had an annualized volatility of 38.9% and a Sharpe ratio of 1.12 (excess return over 1–3 month T-bills per unit of risk).