SGDM vs NKX

Comparison between Sprott Gold Miners ETF (SGDM, ETF) and Nuveen California AMT-Free Quality Municipal Income Fund (NKX, ETF).

5-Year PerformanceSGDM has outperformed NKX, delivering a return of +17.0% compared to +0.8%

SGDM vs NKX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SGDM(ETF)	NKX(ETF)
Net Assets	$660M	$654M
Expense Ratio	0.46%	N/A
Max Drawdown	55.72%	48.99%
Sharpe Ratio	0.99	1.29
5Y Beta	0.69	0.12
5Y Dividends CAGR	36.06%	8.60%

Net Assets

Winner

SGDM

$660M

NKX

$654M

Expense Ratio

SGDM

0.46%

NKX

N/A

Max Drawdown

SGDM

55.72%

Winner

NKX

48.99%

Sharpe Ratio

SGDM

0.99

Winner

NKX

1.29

5Y Beta

SGDM

0.69

Winner

NKX

0.12

5Y Dividends CAGR

Winner

SGDM

36.06%

NKX

8.60%

SGDM vs NKX - Historical Returns

Returns include dividend reinvestment.

Period	SGDM	NKX
1 month	-6.58%	+1.75%
3 months	-21.32%	+0.09%
6 months	+0.51%	+2.21%
1 year	+45.18%	+16.33%
5 years(CAGR)	+17.01%	+0.76%
10 years(CAGR)	+11.80%	+2.53%
Max(CAGR)	+9.58%	+4.94%

SGDM

-6.58%

Winner

NKX

+1.75%

SGDM

-21.32%

Winner

NKX

+0.09%

SGDM

+0.51%

Winner

NKX

+2.21%

Winner

SGDM

+45.18%

NKX

+16.33%

5Y(CAGR)

Winner

SGDM

+17.01%

NKX

+0.76%

10Y(CAGR)

Winner

SGDM

+11.80%

NKX

+2.53%

Max(CAGR)

Winner

SGDM

+9.58%

NKX

+4.94%

SGDM vs NKX - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	SGDM	NKX
2026	-4.95%	+3.70%
2025	+143.79%	+4.64%
2024	+13.52%	+16.57%
2023	-0.50%	-3.34%
2022	-6.19%	-18.48%
2021	-15.07%	+4.57%
2020	+22.67%	+7.61%
2019	+43.46%	+23.74%
2018	-17.44%	-13.29%
2017	+5.85%	+12.78%
2016	+44.55%	-1.75%
2015	-28.18%	+11.55%
2014	-27.98%	+28.02%
2013	N/A	-13.32%
2012	N/A	+6.03%
2011	N/A	+28.66%
2010	N/A	+2.31%
2009	N/A	+26.36%
2008	N/A	-24.06%
2007	N/A	+0.18%
2006	N/A	+14.75%
2005	N/A	+0.57%
2004	N/A	+9.14%
2003	N/A	+0.81%

SGDM vs NKX Drawdown Comparison

The maximum drawdown for SGDM was -54.96%, occurring on Jan 19, 2016. Recovery took 473 trading sessions.

The maximum drawdown for NKX was -43.86%, occurring on Oct 10, 2008. Recovery took 422 trading sessions.

The current SGDM drawdown is -30.88%. The current NKX drawdown is -2.23%.

Rank	SGDM	NKX
#1	-54.96% Aug 13, 2014 - Jun 29, 2016	-43.86% Jan 14, 2008 - Sep 16, 2009
#2	-49.68% Aug 5, 2020 - Mar 17, 2025	-35.62% Nov 12, 2021 - Feb 11, 2026
#3	-49.17% Aug 2, 2016 - Apr 23, 2020	-27.52% Feb 7, 2020 - Aug 10, 2020
#4	-30.88% Mar 2, 2026 - Jun 5, 2026	-23.95% Nov 30, 2012 - Dec 10, 2014
#5	-18.55% Oct 16, 2025 - Dec 11, 2025	-19.95% Sep 8, 2016 - Jul 19, 2019
#6	-17.99% Jan 28, 2026 - Feb 24, 2026	-19.40% Aug 16, 2010 - Oct 27, 2011
#7	-14.10% May 19, 2020 - Jul 7, 2020	-15.06% Jun 13, 2003 - Sep 20, 2004
#8	-11.60% Apr 16, 2025 - Jun 2, 2025	-12.43% Apr 23, 2007 - Jan 14, 2008
#9	-9.39% Jul 11, 2016 - Aug 1, 2016	-9.74% Feb 11, 2026 - Mar 30, 2026
#10	-8.43% Apr 3, 2025 - Apr 10, 2025	-9.66% Oct 8, 2009 - Jun 18, 2010
#11	-6.92% Dec 26, 2025 - Jan 9, 2026	-9.63% Jun 2, 2006 - Oct 4, 2006
#12	-6.60% Jun 13, 2025 - Jul 22, 2025	-8.70% May 31, 2005 - Jan 23, 2006
#13	-5.40% Jul 22, 2025 - Aug 5, 2025	-7.75% Feb 15, 2012 - May 1, 2012
#14	-5.14% Jul 8, 2020 - Jul 17, 2020	-7.27% Jan 30, 2015 - Oct 8, 2015
#15	-4.63% Jul 28, 2014 - Aug 12, 2014	-6.76% Mar 14, 2005 - May 31, 2005

Correlation

Correlation between SGDM and NKX is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (2003 - 2026)

SGDM vs NKX dividend yield comparison.

Year	SGDM	NKX
2026	0.00%	3.03%
2025	1.04%	7.33%
2024	1.04%	6.14%
2023	1.39%	4.38%
2022	1.42%	5.17%
2021	1.33%	4.21%
2020	0.30%	4.05%
2019	0.25%	4.06%
2018	0.50%	5.25%
2017	0.58%	5.06%
2016	0.02%	6.18%
2015	1.47%	5.66%
2014	0.26%	5.24%
2013	0.00%	7.03%
2012	0.00%	5.64%
2011	0.00%	5.62%
2010	0.00%	6.56%
2009	0.00%	5.91%
2008	0.00%	7.35%
2007	0.00%	4.93%
2006	0.00%	4.85%
2005	0.00%	5.87%
2004	0.00%	6.27%
2003	0.00%	5.83%