Skip to Content
ETFs

Sprott Gold Miners ETF

SGDM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 15 2014
Expense Ratio
0.50%
Type
US Equities
Fund Owner
Sprott Asset Management
Volume (1m avg. daily)
$386,783
AUM
$227,247,949
Associated Index
Solactive Gold Miners Custom Factors Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

ABX
Barrick Gold Corp.
11.52%
FNV
Franco-Nevada Corporation
11.29%
AEM
Agnico Eagle Mines Ltd
10.47%
NEM
Newmont Corp
8.68%
WDO
Wesdome Gold Mines Ltd.
4.29%
KNT
K92 Mining Inc
4.17%
AGI
Alamos Gold Inc. - Ordinary Shares - Class A
4.11%
LUG
Lundin Gold Inc
4.02%
DPM
Dundee Precious Metals Inc.
4.01%
PAAS
Pan American Silver Corp
3.96%
Invest with SGDM

What is SGDM?

Sprott Gold Miners Exchange Traded Fund (NYSE Arca: SGDM) seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges. The Index uses a transparent, rules-based methodology that is designed to emphasize larger-sized gold companies with the highest revenue growth, free cash flow yield and the lowest long-term debt to equity. The Index is reconstituted on a quarterly basis to reflect the companies with the highest factor scores.

ETFs related toSGDM

ETFs correlated to SGDM include NUGT, GDX, GDXU

SGDM
Sprott Funds Trust. - Sprott Gold Miners ETF
NUGT
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bull 2X Shares
GDX
VanEck ETF Trust - VanEck Gold Miners ETF
GDXU
Bank of Montreal - MicroSectors Gold Miners 3X Leveraged ETN
RING
BlackRock Institutional Trust Company N.A. - iShares MSCI Global Gold Miners ETF
JNUG
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bull 2X Shares
GDXJ
VanEck ETF Trust - VanEck Junior Gold Miners ETF
SIL
Global X Funds - Global X Silver Miners ETF
SILJ
ETF Managers Group LLC - ETFMG Prime Junior Silver Miners ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
GLD
SSgA Active Trust - SPDR Gold Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toSGDM

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with SGDM using Composer

FAQ

SGDM is a US Equities ETF. Sprott Gold Miners Exchange Traded Fund (NYSE Arca: SGDM) seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the Solactive Gold Miners Custom Factors Index (Index Ticker: SOLGMCFT). The Index aims to track the performance of larger-sized gold companies whose stocks are listed on Canadian and major U.S. exchanges. The Index uses a transparent, rules-based methodology that is designed to emphasize larger-sized gold companies with the highest revenue growth, free cash flow yield and the lowest long-term debt to equity. The Index is reconstituted on a quarterly basis to reflect the companies with the highest factor scores.

SGDM tracks the Solactive Gold Miners Custom Factors Index.

No, SGDM is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SGDM is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SGDM is -0.0175%. This is the percent change in the value of SGDM over the most recent 1-month period. The 3-month return on SGDM is -0.0592%. This is the percent change in the value of SGDM over the most recent 3-month period.

The standard deviation of SGDM for the past year is 0.3476%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SGDM include XLI, XLY, and XLV.

ETFs correlated to SGDM include NUGT, GDX, and GDXU.

ETFs that are inversely correlated to SGDM include DUST, GDXD, and JDST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.