EZPZ vs. FGDL

Last updated Aug 6, 2026

EZPZ (Franklin Crypto Index ETF) and FGDL (Franklin Responsibly Sourced Gold ETF) are both exchange-traded funds - EZPZ is a Cryptocurrency fund tracking the CF Institutional Digital Asset Index – US-Settlement Price, while FGDL is a Gold fund tracking the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past year, EZPZ returned -45.45% vs 25.41% for FGDL. Their 0.20 correlation means their historical movements had little consistent relationship. EZPZ charges 0.19%/yr vs 0.15%/yr for FGDL.

Performance

EZPZ vs. FGDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Crypto Index ETF (EZPZ) 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, EZPZ achieves a -28.79% return, which is significantly lower than FGDL's -1.70% return.

EZPZ

• 1D: 0.93%
• 1M: 1.27%
• 6M: -13.59%
• YTD: -28.79%
• 1Y: -45.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.43%

FGDL

• 1D: 4.37%
• 1M: 2.32%
• 6M: -14.47%
• YTD: -1.70%
• 1Y: 25.41%
• 3Y*: 29.70%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 23.00%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EZPZ Franklin Crypto Index ETF	$92.79K	$145.26K	$218.28K
FGDL Franklin Responsibly Sourced Gold ETF	$928.06K	$910.08K	$1.26M

EZPZ vs. FGDL - Yearly Performance Comparison

	2026 (YTD)	2025
EZPZ Franklin Crypto Index ETF	-28.79%	-10.11%
FGDL Franklin Responsibly Sourced Gold ETF	-1.70%	45.82%

Correlation

The correlation between EZPZ and FGDL is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.20

The correlation between EZPZ and FGDL shifts across timeframes, from 0.20 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EZPZ vs. FGDL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EZPZ

EZPZ Risk / Return Rank: 2
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 2
EZPZ Omega Ratio Rank: 2
EZPZ Calmar Ratio Rank: 2
EZPZ Martin Ratio Rank: 3

FGDL

FGDL Risk / Return Rank: 29
FGDL Sharpe Ratio Rank: 32
FGDL Sortino Ratio Rank: 30
FGDL Omega Ratio Rank: 34
FGDL Calmar Ratio Rank: 27
FGDL Martin Ratio Rank: 24

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EZPZ vs. FGDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Crypto Index ETF (EZPZ) 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.

	EZPZ	FGDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	0.90	-1.85
Sortino ratio: Return per unit of downside risk	-1.40	1.27	-2.66
Omega ratio: Gain probability vs. loss probability	0.85	1.18	-0.34
Calmar ratio: Return relative to maximum drawdown	-0.80	0.96	-1.77
Martin ratio: Return relative to average drawdown	-1.21	2.02	-3.23

EZPZ vs. FGDL - Sharpe Ratio Comparison

The current EZPZ Sharpe Ratio is -0.96, which is lower than the FGDL Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of EZPZ 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

EZPZ vs. FGDL - Drawdown Comparison

The maximum EZPZ drawdown since its inception was -56.63%, which is greater than FGDL's maximum drawdown of -26.58%. Use the drawdown chart below to compare losses from any high point for EZPZ and FGDL.

Drawdown Indicators

	EZPZ	FGDL	Difference
Max Drawdown Largest peak-to-trough decline	-56.63%	-26.58%	-30.05%
Max Drawdown (1Y) Largest decline over 1 year	-56.63%	-26.58%	-30.05%
Max Drawdown (3Y) Largest decline over 3 years	—	-26.58%	—
Current Drawdown Current decline from peak	-51.98%	-21.45%	-30.53%
Average Drawdown Average peak-to-trough decline	-25.36%	-4.68%	-20.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.54%	12.60%	+24.94%

Volatility

EZPZ vs. FGDL - Volatility Comparison

Franklin Crypto Index ETF (EZPZ) has a higher volatility of 8.25% compared to Franklin Responsibly Sourced Gold ETF (FGDL) at 7.18%. This indicates that EZPZ's price experiences larger fluctuations and is considered to be riskier than FGDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EZPZ	FGDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	7.18%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	35.13%	20.20%	+14.93%
Volatility (1Y) Calculated over the trailing 1-year period	47.70%	28.52%	+19.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.78%	19.49%	+27.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.78%	19.49%	+27.29%

EZPZ vs. FGDL - Expense Ratio Comparison

EZPZ has a 0.19% expense ratio, which is higher than FGDL's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

EZPZ vs. FGDL - Dividend Comparison

Neither EZPZ nor FGDL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EZPZ and FGDL in my portfolio?

EZPZ and FGDL have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EZPZ or FGDL?

EZPZ has higher volatility (8.25%) compared to FGDL (7.18%). In terms of maximum drawdown, EZPZ dropped -56.63% vs FGDL's -26.58%.

Which ETF is better, EZPZ or FGDL?

On 1-year performance, FGDL leads with 25.41% vs -45.45% for EZPZ. On fees, FGDL is cheaper at 0.15% per year. On volatility, FGDL has been the lower-risk option at 7.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EZPZ or FGDL?

Over the 1-year period, FGDL has performed better with a 25.41% return vs -45.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZPZ or FGDL?

FGDL is cheaper with a 0.15% expense ratio, compared with 0.19% for EZPZ.

Which ETF pays a higher dividend yield, EZPZ or FGDL?

EZPZ and FGDL have nearly identical dividend yields, around 0.00%.

What is the main difference between EZPZ and FGDL?

EZPZ is categorized as Cryptocurrency, while FGDL is Gold. EZPZ tracks CF Institutional Digital Asset Index – US-Settlement Price, while FGDL tracks LBMA Gold Price PM ($/ozt). Their fees differ too: 0.19% for EZPZ and 0.15% for FGDL.

Which has better risk-adjusted returns?

FGDL currently has the higher Sharpe Ratio (0.90 vs -0.96), 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.