- ISIN
- US35473M1053
- Issuer
- Franklin Templeton
- Inception Date
- Jun 30, 2022
- Region
- Global (Broad)
- Category
- Gold, Precious Metals
- Leveraged
- 1x (No leverage)
- Index Tracked
- LBMA Gold Price PM ($/ozt)
- Distribution Policy
- Accumulating
- Asset Class
- Commodity
- Assets Under Management
- $437M
Share Price Chart
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Performance
FGDL Performance Chart
Franklin Responsibly Sourced Gold ETF (FGDL) is down 6.9% since the beginning of the year. FGDL is currently trading at $54 per share.
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Returns By Period
Franklin Responsibly Sourced Gold ETF (FGDL) has returned -6.86% so far this year and 20.40% over the past 12 months.
Franklin Responsibly Sourced Gold ETF
- 1D
- 1.23%
- 1M
- -10.34%
- YTD
- -6.86%
- 6M
- -10.30%
- 1Y
- 20.40%
- 3Y*
- 27.81%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.01%
- 1M
- -2.15%
- YTD
- 7.48%
- 6M
- 6.14%
- 1Y
- 20.77%
- 3Y*
- 19.34%
- 5Y*
- 11.44%
- 10Y*
- 13.91%
FGDL Monthly Returns History
Based on dividend-adjusted daily data since Jun 30, 2022, FGDL's average daily return is +0.09%, while the average monthly return is +1.76%. At this rate, an investment would double in approximately 3.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Sep 2025 with a return of +12.2%, while the worst month was Mar 2026 at -11.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FGDL closed higher 53% of trading days. The best single day was Feb 3, 2026 with a return of +6.3%, while the worst single day was Jan 30, 2026 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.01% | 8.54% | -11.22% | -1.14% | -1.69% | -11.20% | -6.86% | ||||||
| 2025 | 7.15% | 1.62% | 9.47% | 5.19% | 0.23% | -0.29% | 0.25% | 4.42% | 12.23% | 3.16% | 6.47% | 1.52% | 64.15% |
| 2024 | -1.44% | 0.49% | 8.66% | 3.15% | 1.51% | -0.08% | 5.36% | 2.20% | 5.33% | 5.20% | -3.70% | -1.60% | 27.31% |
| 2023 | 5.70% | -5.23% | 7.79% | 0.90% | -1.91% | -1.65% | 2.36% | -1.25% | -4.74% | 7.40% | 2.49% | 1.35% | 12.92% |
| 2022 | -0.19% | -2.49% | -2.87% | -2.95% | -1.73% | 8.44% | 3.02% | 0.72% |
Benchmark Metrics
Franklin Responsibly Sourced Gold ETF has an annualized alpha of 19.75%, beta of 0.22, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since June 30, 2022.
- This ETF captured 58.22% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.51%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.22 may look defensive, but with R2 of 0.03 this ETF 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 ETF's risk.
- R2 of 0.03 means this ETF 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.
- Alpha
- 19.75%
- Beta
- 0.22
- R²
- 0.03
- Upside Capture
- 58.22%
- Downside Capture
- -1.51%
Expense Ratio
FGDL has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
FGDL ranks 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FGDL | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.30 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.29 | -1.52 |
| Martin ratioReturn relative to average drawdown | 2.15 | 10.09 | -7.94 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Responsibly Sourced Gold ETF. 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 Franklin Responsibly Sourced Gold ETF was 26.48%, occurring on Jun 24, 2026. The portfolio has not yet recovered.
The current Franklin Responsibly Sourced Gold ETF drawdown is 25.58%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -26.48%Jun 2026 | 4mo 25d | — | 4mo 27dJan 2026 - now |
2023 correction2023 | -11.26%Oct 2023 | 5mo 3d | 1mo 27d | 7moMay 2023 - Dec 2023 |
2025 correction2025 | -10.72%Oct 2025 | 8d | 1mo 24d | 2mo 2dOct 2025 - Dec 2025 |
Bear market2022 | -10.25%Sep 2022 | 2mo 28d | 2mo 18d | 5mo 16dJun 2022 - Dec 2022 |
2024 pullback2024 | -8.10%Nov 2024 | 15d | 2mo 16d | 3mo 1dOct 2024 - Jan 2025 |
Drawdown Indicators
| FGDL | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.48% | -56.78% | +30.30% |
Max Drawdown (1Y)Largest decline over 1 year | -26.48% | -9.10% | -17.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.48% | -18.90% | -7.58% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -25.58% | -3.32% | -22.26% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -10.71% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.51% | 2.06% | +7.45% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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