Fidelity Advisor Gold Fund Class I (FGDIX)

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Fidelity Advisor Gold Fund Class I (FGDIX) is down 2.1% since the beginning of the year. FGDIX is currently trading at $56 per share. Investors who bought $1,000 worth of FGDIX shares 5 years ago would now be looking at an investment worth $2,188.

Fidelity Advisor Gold Fund Class I (FGDIX) has returned -2.10% so far this year and 50.29% over the past 12 months. Over the last ten years, FGDIX has returned 10.62% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.

Based on dividend-adjusted daily data since Dec 1, 2005, FGDIX's average daily return is +0.05%, while the average monthly return is +0.91%. At this rate, an investment would double in approximately 6.4 years.

Historically, 51% of months were positive and 49% were negative. The best month was Apr 2020 with a return of +38.9%, while the worst month was Oct 2008 at -35.3%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 9 months.

On a daily basis, FGDIX closed higher 50% of trading days. The best single day was Nov 21, 2008 with a return of +24.0%, while the worst single day was Oct 22, 2008 at -15.4%.

Fidelity Advisor Gold Fund Class I has an annualized alpha of 5.38%, beta of 0.59, and R2 of 0.10 versus S&P 500 Index. Calculated based on daily prices since December 01, 2005.

• This fund participated in 55.78% of S&P 500 Index downside but only 47.43% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.59 may look defensive, but with R2 of 0.10 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.10 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FGDIX has an expense ratio of 0.76%, placing it in the medium range.

FGDIX ranks 18 for risk / return — in the bottom 18% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Fidelity Advisor Gold Fund Class I provided a 5.15% dividend yield over the last twelve months, with an annual payout of $2.88 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Fidelity Advisor Gold Fund Class I. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Advisor Gold Fund Class I. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Advisor Gold Fund Class I was 77.15%, occurring on Jan 19, 2016. Recovery took 2422 trading sessions.

The current Fidelity Advisor Gold Fund Class I drawdown is 28.30%.

The chart below shows the rolling one-month volatility.