BHMG.L vs. FSAGX
Compare and contrast key facts about BH Macro Limited (BHMG.L) and Fidelity Select Gold Portfolio (FSAGX).
FSAGX is managed by Fidelity. It was launched on Dec 15, 1985.
Performance
BHMG.L vs. FSAGX - Performance Comparison
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BHMG.L vs. FSAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 5.26% | -1.72% | 10.63% | -18.26% | 20.05% | 6.25% | 34.87% | 10.36% | 18.25% | -6.28% |
FSAGX Fidelity Select Gold Portfolio | 11.16% | 125.73% | 16.98% | -5.35% | -3.17% | -9.59% | 23.11% | 30.34% | -7.84% | -0.77% |
Different Trading Currencies
BHMG.L is traded in GBp, while FSAGX is traded in USD. To make them comparable, the FSAGX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BHMG.L achieves a 5.26% return, which is significantly lower than FSAGX's 11.16% return. Over the past 10 years, BHMG.L has underperformed FSAGX with an annualized return of 7.76%, while FSAGX has yielded a comparatively higher 15.68% annualized return.
BHMG.L
- 1D
- -0.24%
- 1M
- -2.89%
- YTD
- 5.26%
- 6M
- 6.33%
- 1Y
- 11.26%
- 3Y*
- 0.08%
- 5Y*
- 4.72%
- 10Y*
- 7.76%
FSAGX
- 1D
- 6.83%
- 1M
- -18.99%
- YTD
- 11.16%
- 6M
- 24.03%
- 1Y
- 93.35%
- 3Y*
- 36.42%
- 5Y*
- 22.08%
- 10Y*
- 15.68%
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Return for Risk
BHMG.L vs. FSAGX — Risk / Return Rank
BHMG.L
FSAGX
BHMG.L vs. FSAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BH Macro Limited (BHMG.L) and Fidelity Select Gold Portfolio (FSAGX). 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.
| BHMG.L | FSAGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 2.30 | -1.34 |
Sortino ratioReturn per unit of downside risk | 1.46 | 2.54 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.38 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.70 | 3.21 | -1.51 |
Martin ratioReturn relative to average drawdown | 3.86 | 12.39 | -8.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BHMG.L | FSAGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.30 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.74 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.50 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.22 | — |
Correlation
The correlation between BHMG.L and FSAGX is 0.03, 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.
Dividends
BHMG.L vs. FSAGX - Dividend Comparison
BHMG.L has not paid dividends to shareholders, while FSAGX's dividend yield for the trailing twelve months is around 1.99%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FSAGX Fidelity Select Gold Portfolio | 1.99% | 2.17% | 3.62% | 0.99% | 0.36% | 1.60% | 4.40% | 0.40% | 0.00% | 0.22% | 3.57% |
Drawdowns
BHMG.L vs. FSAGX - Drawdown Comparison
The maximum BHMG.L drawdown since its inception was -127.79%, which is greater than FSAGX's maximum drawdown of -76.02%. Use the drawdown chart below to compare losses from any high point for BHMG.L and FSAGX.
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Drawdown Indicators
| BHMG.L | FSAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -127.79% | -77.21% | -50.58% |
Max Drawdown (1Y)Largest decline over 1 year | -6.98% | -29.85% | +22.87% |
Max Drawdown (5Y)Largest decline over 5 years | -35.94% | -45.94% | +10.00% |
Max Drawdown (10Y)Largest decline over 10 years | -35.94% | -50.57% | +14.63% |
Current DrawdownCurrent decline from peak | -122.80% | -20.11% | -102.69% |
Average DrawdownAverage peak-to-trough decline | -84.68% | -33.41% | -51.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 8.05% | -4.98% |
Volatility
BHMG.L vs. FSAGX - Volatility Comparison
The current volatility for BH Macro Limited (BHMG.L) is 4.63%, while Fidelity Select Gold Portfolio (FSAGX) has a volatility of 16.97%. This indicates that BHMG.L experiences smaller price fluctuations and is considered to be less risky than FSAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHMG.L | FSAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 16.97% | -12.34% |
Volatility (6M)Calculated over the trailing 6-month period | 8.02% | 34.24% | -26.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.68% | 40.81% | -29.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.38% | 29.92% | -11.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 31.55% | -15.01% |