Correlation
The correlation between AWEG and FGDL is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
AWEG vs. FGDL
Compare and contrast key facts about Alger Weatherbie Enduring Growth ETF (AWEG) and Franklin Responsibly Sourced Gold ETF (FGDL).
AWEG and FGDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AWEG is an actively managed fund by Alger. It was launched on Mar 7, 2023. FGDL is a passively managed fund by Franklin that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AWEG or FGDL.
Performance
AWEG vs. FGDL - Performance Comparison
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Key characteristics
AWEG:
0.14
FGDL:
2.29
AWEG:
0.33
FGDL:
2.97
AWEG:
1.04
FGDL:
1.38
AWEG:
0.10
FGDL:
4.95
AWEG:
0.28
FGDL:
13.25
AWEG:
9.72%
FGDL:
3.03%
AWEG:
22.94%
FGDL:
18.13%
AWEG:
-26.96%
FGDL:
-11.26%
AWEG:
-14.28%
FGDL:
-3.88%
Returns By Period
In the year-to-date period, AWEG achieves a -6.98% return, which is significantly lower than FGDL's 25.68% return.
AWEG
-6.98%
5.43%
-13.86%
3.16%
N/A
N/A
N/A
FGDL
25.68%
2.49%
23.67%
41.97%
N/A
N/A
N/A
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AWEG vs. FGDL - Expense Ratio Comparison
AWEG has a 0.65% expense ratio, which is higher than FGDL's 0.15% expense ratio.
Risk-Adjusted Performance
AWEG vs. FGDL — Risk-Adjusted Performance Rank
AWEG
FGDL
AWEG vs. FGDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger Weatherbie Enduring Growth ETF (AWEG) and Franklin Responsibly Sourced Gold ETF (FGDL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
AWEG vs. FGDL - Dividend Comparison
AWEG's dividend yield for the trailing twelve months is around 3.71%, while FGDL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
AWEG Alger Weatherbie Enduring Growth ETF | 3.71% | 3.45% | 0.24% |
FGDL Franklin Responsibly Sourced Gold ETF | 0.00% | 0.00% | 0.00% |
Drawdowns
AWEG vs. FGDL - Drawdown Comparison
The maximum AWEG drawdown since its inception was -26.96%, which is greater than FGDL's maximum drawdown of -11.26%. Use the drawdown chart below to compare losses from any high point for AWEG and FGDL.
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Volatility
AWEG vs. FGDL - Volatility Comparison
The current volatility for Alger Weatherbie Enduring Growth ETF (AWEG) is 5.65%, while Franklin Responsibly Sourced Gold ETF (FGDL) has a volatility of 8.12%. This indicates that AWEG experiences smaller price fluctuations and is considered to be less risky than FGDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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