Do GBUG and SGDM hold the same stocks?

By their latest filings, 38% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, GBUG or SGDM?

GBUG has 4% of its weight in S&P 500 names and SGDM has 8%, so GBUG differs more from the index.

Which is cheaper, GBUG or SGDM?

GBUG charges 0.90% a year and SGDM charges 0.46%, so SGDM is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

GBUG vs SGDM: Holdings Overlap & Returns

Share on X Download as PDF

Over the year to Nov 4, 2026, GBUG returned +29.6% to SGDM's +27.9%; 38% of their weight is in the same names.

askIQ about this page

askIQ about GBUG and SGDM

Net assets on Nov 4, 2026: $157m for Sprott Active Gold & Silver Miners ETF and $617m for Sprott Gold Miners ETF.

GBUG on its own →SGDM on its own →

At a glance

3.6%

GBUG in the S&P 500

8.0%

SGDM in the S&P 500

+29.6%

GBUG total return, 1 year

+27.9%

SGDM total return, 1 year

GBUG · 1 year to Nov 4, 2026 96% of its weight is outside the S&P 500

4% of GBUG's weight is in S&P 500 companies and 96% is outside the index. Holdings as of Nov 4, 2026.

SGDM · 1 year to Nov 4, 2026 92% of its weight is outside the S&P 500

8% of SGDM's weight is in S&P 500 companies and 92% is outside the index. Holdings as of Nov 4, 2026.

Pair scorecard

SGDM costs 0.44 points a year less; their one-year returns differ by 1.7 points; SGDM is 3.9 times larger.

GBUG vs SGDM: Holdings Overlap & Returns
Measure	GBUG	SGDM
Return
Measure	GBUG	SGDM
Total return, 1 year	+29.6%	+27.9%
Drawdown
Measure	GBUG	SGDM
Below its all-time high	25.4%, high on Feb 27, 2026	25.6%, high on Mar 2, 2026
Benchmark
Measure	GBUG	SGDM
What it tracks	Gold miners	Gold miners
Cost and size
Measure	GBUG	SGDM
Expense ratio	0.90%	0.46%
Net assets	$157m	$617m
Holdings
Measure	GBUG	SGDM
Holdings in common	38%

Method

Risk and return

Feb 28, 2025 to Oct 30, 2026 · 87 weekly returns

GBUG SGDM

Return

Total return edge GBUG +112.6% +100.7%

Annualized edge GBUG (slight) +57.0% +51.7%

Price return edge GBUG (slight) +109.3% +98.7%

Risk

Volatility edge SGDM (slight) 50.9% 47.8%

Max drawdown edge GBUG (slight) −36.7% −37.7%

Risk-adjusted

Sharpe edge GBUG (slight) 1.06 1.02

Sortino edge GBUG (slight) 1.71 1.68

Calmar edge GBUG 1.55 1.37

Reading

From Feb 2025 to Oct 2026, GBUG returned more: +112.6% to +100.7%. SGDM swung slightly less: 47.8% to 50.9%. GBUG fell slightly less at its worst: −36.7% to −37.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: GBUG vs SGDM: Holdings Overlap & Returns
Measure	GBUG	SGDM	Edge	How it is measured
Return
Total return	+112.6%	+100.7%	GBUG	Price change plus distributions, reinvested.
Annualized	+57.0%	+51.7%	GBUG (slight)	Total return as a yearly rate.
Price return	+109.3%	+98.7%	GBUG (slight)	Price change alone, distributions left out.
Risk
Volatility	50.9%	47.8%	SGDM (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	31.5%	29.2%	SGDM (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−36.7%	−37.7%	GBUG (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	1.06	1.02	GBUG (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.71	1.68	GBUG (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	1.55	1.37	GBUG	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

38%

By the books each fund has filed, GBUG and SGDM hold 38% of their money in the same securities at the same weight. Holdings dated Nov 4, 2026.

50%

0 half 100%

half

38% in common

Positions both hold · largest shared weight first GBUG SGDM

Newmont Corp. 3.56% 8.00%

Agnico Eagle Mines Ltd. 3.26% 10.02%

Wheaton Precious Metals Corp. 3.22% 7.10%

Coeur Mining Inc. 3.16% 2.97%

IAMGOLD Corp. 3.99% 2.97%

DPM Metals Inc. 5.11% 2.82%

Discovery Mining Ltd. 4.80% 2.65%

OceanaGold Corp. 3.14% 2.63%

K92 Mining Inc. 2.90% 2.62%

Barrick Mining Corp. 2.30% 7.73%

Wesdome Gold Mines Ltd. 3.33% 2.28%

Anglogold Ashanti PLC 2.30% 1.67%

Only in one fund ↓

Only in GBUG

Northern Star Resources Ltd. 3.84%

Ramelius Resources Ltd. 3.14%

Emerald Resources NL 3.00%

Genesis Minerals Ltd. 2.71%

Westgold Resources Ltd. 2.57%

i-80 Gold Corp. 2.24%

Evolution Mining Ltd. 2.14%

Ora Banda Mining Ltd. 2.03%

Only in SGDM

Franco-Nevada Corp. 6.17%

Lundin Gold Inc. 3.58%

Endeavour Mining PLC 3.11%

Harmony Gold Mining Co. Ltd. 2.98%

Torex Resources Inc 2.85%

Triple Flag Precious Metals Corp. 2.75%

Centerra Gold Inc. 2.73%

Allied Gold Corp. 2.43%

Check overlap with more funds →

Window by window

Window by window: GBUG vs SGDM: Holdings Overlap & Returns
	Total return
Window	GBUG	SGDM
3 months	−2.1%	+2.7%
6 months	−5.5%	−5.9%
1 year	+29.6%	+27.9%
3 years	–	+198.6%
Since launchNot the same days: GBUG Feb 2025 · SGDM Jul 2014	+117.5%	+219.4%

– means no data for this window. Open this comparison in the app →

Side by side

GBUG Sprott Active Gold & Silver Miners ETF · Holds 43 stocks in gold miners, 4% of its weight in S&P 500 companies SGDM Sprott Gold Miners ETF · Holds 48 stocks in gold miners, 8% of its weight in S&P 500 companies

Issuer Sprott Sprott

Theme Gold miners Gold miners

In the S&P 500 3.6% 8.0%

Active share vs the S&P 500 99.8% 99.8%

In the Nasdaq-100 0.0% 0.0%

Holdings 43 48

Top ten, share of the fund 39.6% 56.0%

Expense ratio 0.90% 0.46%

Fee for the differing part 0.90% 0.46%

Total return, 1 year +29.6% +27.9%

vs its benchmark not measured not measured

Below its high −25.4% −25.6%

Net assets $157m $617m

As of Nov 4, 2026. Source: ETFIQ.

38% of the two portfolios are the same securities at the same weight.

Client brief:

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

GBUG

By weight, 4% of GBUG's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 40% of the fund across 43 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +29.6% with distributions reinvested. It sits 25.4% below its all-time high of Feb 27, 2026.

SGDM

By weight, 8% of SGDM's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 56% of the fund across 48 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned +27.9% with distributions reinvested. It sits 25.6% below its all-time high of Mar 2, 2026.

Questions people ask

Do GBUG and SGDM hold the same stocks?: By their latest filings, 38% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, GBUG or SGDM?: GBUG has 4% of its weight in S&P 500 names and SGDM has 8%, so GBUG differs more from the index.
Which is cheaper, GBUG or SGDM?: GBUG charges 0.90% a year and SGDM charges 0.46%, so SGDM is cheaper. Fees come from each fund's prospectus.

Other comparisons

GBUG vs SGDJ GBUG vs GDX GBUG vs GDMN GBUG vs RING SGDM vs GDX SGDM vs GDMN SGDM vs GDXJ SGDM vs GOEX

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →GBUG on its own →SGDM on its own →GBUG dividend history →GBUG holdings →SGDM dividend history →SGDM holdings →Method →Standards and sources →

Sources and dates

GBUG and SGDM filings on SEC EDGAR ↗

GBUG and SGDM prospectus with the expense ratio (SEC) ↗

Sprott page for GBUG ↗

Sprott page for SGDM ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, GBUG against SGDM, data as of Nov 4, 2026. https://etfiq.com/compare/themes/gbug-vs-sgdm

Open data →

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.