SGDM is the only gold miner ETF I'd consider, due to its fundamentals-based approach, but it still falls short versus the S&P 500. SGDM underperforms the S&P 500 on key metrics: Alpha, Sharpe, Sortino, and Information Ratio, offering little value over the benchmark. While SGDM provides diversification (low beta, low R²), its risk-adjusted returns and performance during down markets are disappointing.
Positivism from recession avoidance and trade deal negotiations may apply downward pressure on gold prices. But they also present buy-the-dip opportunities for investors who fear they missed out on the gold rally.
Gold mining stocks and SGDM ETF have outperformed gold and the S&P 500, with SGDM up 55% year-to-date. SGDM offers a compelling valuation, with a low P/E of 13.5 and strong long-term earnings growth, making its PEG ratio attractive. Despite risks like concentration, low yield, and liquidity issues, technicals are bullish with strong momentum and volume trends.
With gold's rise in the past 1.5 years, the precious metal could challenge the idea of a typical 60-40 stock/bond portfolio. Bonds' share of the 40% allocation could be split in half with gold, thereby creating the idea of a 60/20/20 portfolio.
Gold prices continue to show upside amid a market doused with heavy volatility. According to some market analysts, gold can only continue going up from here.
Market uncertainty is also affecting the cryptocurrency space. In a broad sell-off of U.S. equities during the month of February, fund flows for gold outpaced those of crypto assets.
SGDM is the best-performing ETF of the first quarter. Let's find out which stocks made it the top performer.
The macro and microeconomic landscape favors gold miners. Their performance has yet to catch up with gold prices.
With all the market uncertainty swirling, gold prices have remained resilient. Still, there are enough macroeconomic and geopolitical forces that could sway the precious metal in one direction or the other.
Gold mining stocks have massively outperformed the broader US equity market in 2025. The macro setup for Gold miners is quite exciting, with energy prices trending down and Gold prices trending up. As an actively managed fund with high turnover and a low number of holdings relative to peers, SGDM is a riskier play on Gold miners that should pay off.
For investors seeking momentum, Sprott Gold Miners ETF SGDM is probably on the radar. The fund just hit a 52-week high and has moved up 49% from its 52-week low of $23.18 per share.
Gold prices have pushed higher within the past year, with much thanks going to retail investors seeking safe haven assets. But this year is a bit different.