BR vs. FGDL

Last updated Jun 19, 2026

BR (Broadridge Financial Solutions, Inc.) is a stock, while FGDL (Franklin Responsibly Sourced Gold ETF) is Gold fund tracking the LBMA Gold Price PM ($/ozt). Over the past 3 years, BR returned -3.39%/yr vs 28.99%/yr for FGDL. At a 0.06 correlation, their price movements are largely independent.

Performance

BR vs. FGDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Broadridge Financial Solutions, Inc. (BR) and Franklin Responsibly Sourced Gold ETF (FGDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BR achieves a -37.58% return, which is significantly lower than FGDL's -2.54% return.

BR

• 1D: -1.45%
• 1M: -7.29%
• YTD: -37.58%
• 6M: -38.53%
• 1Y: -40.94%
• 3Y*: -3.39%
• 5Y*: -1.04%
• 10Y*: 9.84%

FGDL

• 1D: -0.60%
• 1M: -6.11%
• YTD: -2.54%
• 6M: -3.02%
• 1Y: 24.53%
• 3Y*: 28.99%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BR vs. FGDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BR Broadridge Financial Solutions, Inc.	-37.58%	0.27%	11.65%	56.23%	-5.91%
FGDL Franklin Responsibly Sourced Gold ETF	-2.54%	64.15%	27.31%	12.92%	0.72%

Correlation

The correlation between BR and FGDL is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.06

The correlation between BR and FGDL shifts across timeframes, from -0.04 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BR vs. FGDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BR

BR Risk / Return Rank: 3
BR Sharpe Ratio Rank: 0
BR Sortino Ratio Rank: 1
BR Omega Ratio Rank: 2
BR Calmar Ratio Rank: 8
BR Martin Ratio Rank: 4

FGDL

FGDL Risk / Return Rank: 24
FGDL Sharpe Ratio Rank: 26
FGDL Sortino Ratio Rank: 23
FGDL Omega Ratio Rank: 27
FGDL Calmar Ratio Rank: 22
FGDL Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BR vs. FGDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Broadridge Financial Solutions, Inc. (BR) 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.

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.

	BR	FGDL	Difference
Sharpe ratio: Return per unit of total volatility	-1.60	0.89	-2.48
Sortino ratio: Return per unit of downside risk	-2.42	1.25	-3.67
Omega ratio: Gain probability vs. loss probability	0.71	1.18	-0.47
Calmar ratio: Return relative to maximum drawdown	-0.87	1.00	-1.86
Martin ratio: Return relative to average drawdown	-1.61	2.73	-4.34

BR vs. FGDL - Sharpe Ratio Comparison

The current BR Sharpe Ratio is -1.60, which is lower than the FGDL Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of BR and FGDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BR vs. FGDL - Drawdown Comparison

The maximum BR drawdown since its inception was -59.02%, which is greater than FGDL's maximum drawdown of -24.73%. Use the drawdown chart below to compare losses from any high point for BR and FGDL.

Drawdown Indicators

	BR	FGDL	Difference
Max Drawdown Largest peak-to-trough decline	-59.02%	-24.73%	-34.29%
Max Drawdown (1Y) Largest decline over 1 year	-47.38%	-24.73%	-22.65%
Max Drawdown (3Y) Largest decline over 3 years	-47.38%	-24.73%	-22.65%
Max Drawdown (5Y) Largest decline over 5 years	-47.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.38%	—	—
Current Drawdown Current decline from peak	-47.38%	-22.13%	-25.25%
Average Drawdown Average peak-to-trough decline	-9.07%	-4.04%	-5.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.45%	9.00%	+16.45%

Volatility

BR vs. FGDL - Volatility Comparison

Broadridge Financial Solutions, Inc. (BR) and Franklin Responsibly Sourced Gold ETF (FGDL) have volatilities of 8.61% and 8.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BR	FGDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.61%	8.50%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	21.72%	24.42%	-2.70%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	27.76%	-2.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	19.32%	+4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.92%	19.32%	+4.60%

Dividends

BR vs. FGDL - Dividend Comparison

BR's dividend yield for the trailing twelve months is around 2.83%, while FGDL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BR Broadridge Financial Solutions, Inc.	2.83%	1.66%	1.49%	1.48%	2.04%	1.33%	1.46%	1.66%	1.77%	1.53%	1.90%	2.12%
FGDL Franklin Responsibly Sourced Gold ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BR and FGDL in my portfolio?

BR and FGDL have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BR or FGDL?

BR has higher volatility (8.61%) compared to FGDL (8.50%). In terms of maximum drawdown, BR dropped -59.02% vs FGDL's -24.73%.

Which has better risk-adjusted returns?

FGDL currently has the higher Sharpe Ratio (0.89 vs -1.60), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.