ETF Evaluator:
Sprott Gold Miners ETF (SGDM)
Follow This ETF
(as of Jul 31)
Best Performing in Equity Precious Metals Over the Last Year
| 79.9% | Themes Silver Miners ETF (AGMI) |
| 79.1% | Amplify Junior Silver Miners ETF (SILJ) |
| 76.8% | iShares MSCI Global Silver&Mtls Mnrs ETF (SLVP) |
| 75.8% | Sprott Silver Mnrs & Physical Silver ETF (SLVR) |
| 64.4% | Sprott Junior Gold Miners ETF (SGDJ) |
Risk
Index
Risk
Index
ETF Details
Sprott Gold Miners ETF Overview
Sprott Gold Miners ETF (SGDM) is a passively managed Sector Equity Equity Precious Metals exchange-traded fund (ETF). Sprott launched the ETF in 2014.
The investment seeks results that correspond (before fees and expenses) to the performance of the Solactive Gold Miners Custom Factors Total Return Index.
The underlying index aims to track the performance of gold companies located in the U.S. and Canada whose common stocks or American Depositary Receipts ("ADRs") are traded on the Toronto Stock Exchange, the New York Stock Exchange and NASDAQ. The fund will normally invest at least 90% of its net assets in securities that comprise the index. The fund is non-diversified.
About Sprott Gold Miners ETF (SGDM)
There are 2 members of the management team with an average tenure of 6.76 years: Ryan Mischker (2015) and Charles Perkins (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Solactive Gold Miners Cus Fact TR USD index with a weighting of 100%. Sprott Gold Miners ETF has 51 securities in its portfolio. The top 10 holdings constitute 55.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Sprott Gold Miners ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Sprott Gold Miners ETF has 83.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 16.7% There is 83.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Sprott Gold Miners ETF has -0.0% of the portfolio in cash.
Assets Under Management
The fund has $558 million in total assets, which is below the $2 billion average for the Equity Precious Metals category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SGDM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Sprott Gold Miners ETF expense ratio is average compared to funds in the Equity Precious Metals category. Sprott Gold Miners ETF has an expense ratio of 0.46%, which is 26% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Sprott Gold Miners ETF has a portfolio turnover rate of 59%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 55% for the Equity Precious Metals category.
Recently, in the month of June 2026, Sprott Gold Miners ETF returned -15.2%, which earned it a grade of A, as the Equity Precious Metals category had an average return of -16.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Sprott Gold Miners ETF has a trailing yield of 1.15%, which is below the 2.60% category average.
The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Sprott Gold Miners ETF Grades
Year to date, the ETF has returned -9.3%, 1.6 percentage points better than the category, which translates into a grade of B. The fund has returned 41.5% over the past year (grade of F), 36.1% over the past three years (grade of F) and 18.9% per year over the past five years (grade of B) and 10.2% per year over the past 10 years (grade of D).
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SGDM Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SGDM Return (NAV) | -15.2% | -16.6% | 41.5% | 36.1% | 18.9% | 10.2% |
| SGDM Return (Price) | -15.5% | -16.7% | 40.4% | 36.0% | 18.8% | 10.1% |
| NAV +/- Price Return | 0.260% | 0.097% | 1.129% | 0.168% | 0.076% | 0.052% |
| Equity Precious Metals Avg | -16.0% | -15.1% | 57.7% | 42.4% | 17.1% | 10.0% |
| SGDM Grade (NAV) | A | C | F | F | B | D |
| +/- Category (NAV) | 0.8% | -1.5% | -16.1% | -6.2% | 1.7% | 0.1% |
| SGDM Tax-Cost Ratio | na | na | 0.4% | 0.5% | 0.5% | 0.3% |
SGDM Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SGDM Return (NAV) | -9.3% | 153.0% | 12.2% | 2.7% | -8.1% | -9.2% | 22.0% | 43.5% | -15.0% | 11.0% | 47.7% |
| SGDM Return (Price) | -9.7% | 153.4% | 12.2% | 2.3% | -8.2% | -9.1% | 21.8% | 44.3% | -15.2% | 10.5% | 48.2% |
| NAV +/- Price Ret | 0.041% | 0.003% | -0.000% | -0.144% | 0.010% | -0.012% | -0.006% | 1.8% | 1.1% | -4.8% | 1.1% |
| Equity Precious Metals Avg | -10.9% | 169.5% | 15.1% | 4.9% | -15.7% | -15.1% | 33.4% | 43.1% | -17.3% | 6.2% | 77.4% |
| SGDM Grade (NAV) | B | F | F | C | A | B | F | B | C | B | F |
| +/- Category | 1.6% | -16.4% | -2.9% | -2.2% | 7.6% | 5.8% | -11.4% | 0.3% | 2.3% | 4.8% | -29.7% |
| Risk Measures | |
| Beta: | 0.71 |
| R-Squared: | 7% |
| Standard Deviation: | 35.0% |
| Category Risk Index: | 0.90 |
| Category Risk Rating: | Low |
| Total Risk Index: | 2.88 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 1.2% |
| Total Assets: | $ 559 Mil |
| Share Class Assets: | $ 559 Mil |
| Turnover: | 59.0% |
| Expense Ratio: | 0.46% |
| Index Fund: | Yes |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 11.3 years | |||
| Average Tenure: 6.8 years | |||
| Managers (Year): Mischker Ryan (2015), Perkins Charles (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 51 |
| % in Top 10 Holdings: | 55.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 83.4% |
Portfolio Allocation |
|
| Domestic Stock: | 16.7% |
| Foreign Stock: | 83.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Sprott |
| Phone Number: | 888-622-1813 |
| Website: | www.sprottetfs.com |
| Inception Date: | July 14, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.46% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.62% |
