GET DAILY SIGNALSAUMI vs SGDM: Weighing Two Gold Miners ETFs for Portfolio Fit
Key Takeaways
- Same theme, different engines: Both AUMI and SGDM offer gold-mining equity exposure, but AUMI tracks a global pure-play index while SGDM applies a North American quality-and-value factor screen.
- Cost advantage to AUMI: AUMI charges a 0.35% expense ratio, versus 0.46% for SGDM, a meaningful gap for cost-conscious long-term holders.
- Scale and liquidity favor SGDM: SGDM manages roughly $650 million in assets with a decade-long track record, while AUMI is a much smaller, younger fund, which can affect trading spreads and execution.
- Diversification vs. concentration: AUMI spreads holdings across Canada, Australia, South Africa, and the U.K., while SGDM is heavily concentrated in large Canadian and U.S. producers.
- Risk profile differs: SGDM's factor-based methodology tilts toward companies with stronger revenue growth and lower debt, historically producing a lower beta and milder drawdowns.
- Tickeron AI Verdict: SGDM is the favored ticker based on liquidity, track record, and its quality-factor risk profile.
Why Gold Miners Remain Worth Watching
Gold-mining equities have drawn steady attention in recent market cycles, driven by higher bullion prices, ongoing central-bank buying, and evolving rate expectations. The Themes Gold Miners ETF (AUMI) and the Sprott Gold Miners ETF (SGDM) both target this space, yet they take different routes to deliver exposure. Rather than identical offerings, each reflects a distinct way of building access to gold producers. Comparing their index rules, holdings, fees, and trading characteristics helps clarify which approach may suit a particular portfolio.
A Closer Look at the Themes Gold Miners ETF (AUMI)
AUMI follows the Solactive Global Pure Gold Miners Index, which selects about 30 of the largest gold-mining companies by market cap for a focused global lineup. The fund launched in December 2023 and remains relatively small, with assets in the tens of millions. It holds roughly 31 names, all in materials, with top positions including DPM Metals, Endeavour Mining, AngloGold Ashanti (AU), Northern Star Resources, Kinross Gold (KGC), IAMGOLD, and Agnico Eagle Mines (AEM). Canada makes up about 60% of the portfolio, while Australia, South Africa, and the U.K. add geographic spread. The expense ratio sits at 0.35%, with semi-annual index rebalancing. Its modest size means wider bid-ask spreads and less secondary-market depth than larger peers. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Understanding the Sprott Gold Miners ETF (SGDM)
SGDM tracks the Solactive Gold Miners Custom Factors Total Return Index, which applies quality and value screens—such as revenue growth, free cash flow, and lower debt-to-equity—to U.S. and Canadian gold companies. Launched in 2014, it is a more established fund with about $650 million in assets and a non-diversified mandate. It typically holds 39 to 43 positions, again focused on basic materials. Leading holdings include Agnico Eagle Mines (AEM), Barrick Gold (GOLD), Newmont (NEM), Wheaton Precious Metals (WPM), Franco-Nevada (FNV), and Kinross Gold (KGC). Canada accounts for roughly 75–80% of assets, with the rest mainly in the U.S. and U.K. The expense ratio is 0.46%. Its quality tilt has tended to deliver lower beta and smaller peak-to-trough declines than broader gold-miner benchmarks.
The Industry Setting Behind Both Funds
Both ETFs sit inside the precious-metals equity sector, where performance tracks gold prices and miner profitability. Recent support for gold has come from geopolitical tensions, central-bank purchases, and changing views on monetary policy and real rates. Mining stocks often amplify moves in the metal itself, so these funds tend to show more volatility than physical gold products. Sector risks range from rising input costs and regulatory delays to operational issues and currency swings for non-U.S. producers. Flows into these funds generally follow broader sentiment on those macro factors, so structural differences between AUMI and SGDM become the main points of distinction.
Performance Patterns and Positioning Trade-Offs
Both funds have moved with the recent gold-equity rally, but their structures have produced different risk characteristics. SGDM’s focus on large, well-capitalized North American names has supported a steadier profile, while AUMI’s wider global reach brings more mid-cap and Australian exposure that can magnify gains and losses. The quality-factor approach in SGDM has historically helped capture upside with lower beta and reduced drawdowns. AUMI provides broader diversification and a lower fee, yet its smaller scale and thinner liquidity create execution considerations. The choice ultimately hinges on balancing cost-efficient global coverage against liquidity-supported, quality-screened concentration.
Integrating AI Tools Into ETF Analysis
When comparing these ETFs, I often turn to Tickeron’s AI Screener to quickly scan holdings, liquidity metrics, and factor exposures side by side. The tool lets me apply custom filters for industry, size, volatility, and performance, which helps surface the structural differences without manual digging. It has become a regular part of my process for evaluating similar thematic funds.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
SGDM's RSI Indicator climbs out of oversold territory
The RSI Oscillator for SGDM moved out of oversold territory on November 02, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In 24 of the 24 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 05, 2026. You may want to consider a long position or call options on SGDM as a result. In 77 of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 90%.
The Moving Average Convergence Divergence (MACD) for SGDM just turned positive on November 05, 2026. Looking at past instances where SGDM's MACD turned positive, the stock continued to rise in 44 of 47 cases over the following month. The odds of a continued upward trend are 90%.
Following a +5.08% 3-day Advance, the price is estimated to grow further. Considering data from situations where SGDM advanced for three days, in 288 of 315 cases, the price rose further within the following month. The odds of a continued upward trend are 90%.
SGDM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The 10-day moving average for SGDM crossed bearishly below the 50-day moving average on October 05, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 90%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SGDM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 88%.
The Aroon Indicator for SGDM entered a downward trend on October 30, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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