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Fidelity Advisor Gold Fund Class I (FGDIX) Sharpe Ratio: 1.02

Mutual Fund · Currency in USD · Last updated Aug 2, 2026

The fund normally invests at least 80% of assets in securities of companies principally engaged in gold-related activities, and in gold bullion or coins. It invests up to 25% of assets in gold and other precious metals through a wholly-owned subsidiary. The fund invests primarily in common stocks and in certain precious metals. It invests primarily in companies engaged in exploration, mining, processing, or dealing in gold, or to a lesser degree, in silver, platinum, diamonds, or other precious metals and minerals. The fund is non-diversified.

FGDIX's Sharpe Ratio of 1.02 indicates that for each unit of volatility, it generates 1.02 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FGDIX Sharpe Ratio Rank

FGDIX Sharpe Ratio Rank: 32.633
Below Average

FGDIX ranks above 32.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

FGDIX Sharpe Ratio Market Positioning

The chart shows FGDIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.93 or lower
  • Yellow zone (middle 50%): 0.93 to 1.81
  • Green zone (top 25%): 1.81 or higher
  • Top 1%: 3.74+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Fidelity Advisor Gold Fund Class I's Sharpe Ratio with other mutual funds in the Gold, Precious Metals category across multiple time periods, showing how FGDIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
UNWPXU.S. Global Investors World Precious Minerals Fund1.49
FGPMXFranklin Gold and Precious Metals Fund Class R61.46
FGADXFranklin Gold and Precious Metals Fund Advisor Class1.45
FKRCXFranklin Gold and Precious Metals Fund1.45
OCMAXOCM Gold Fund - Atlas Class1.42
OCMGXOCM Gold Fund1.41
SGDIXSprott Gold Equity Fund Institutional Class1.36
INIVXVanEck International Investors Gold Fund1.36
SGDLXSprott Gold Equity Fund1.36
MIDSXMidas Discovery1.32
FGDIXFidelity Advisor Gold Fund Class I1.02
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Historical Sharpe Ratio

The chart shows FGDIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FGDIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does FGDIX fit in your portfolio?

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