FEGIX vs. FGDL

Last updated Apr 1, 2026

Compare and contrast key facts about First Eagle Gold Fund Class I (FEGIX) and Franklin Responsibly Sourced Gold ETF (FGDL).

FEGIX is managed by First Eagle. It was launched on Aug 31, 1993. FGDL is a passively managed fund by Franklin Templeton that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022.

Performance

FEGIX vs. FGDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Eagle Gold Fund Class I (FEGIX) and Franklin Responsibly Sourced Gold ETF (FGDL). The values are adjusted to include any dividend payments, if applicable.

FEGIX vs. FGDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FEGIX First Eagle Gold Fund Class I	2.63%	128.89%	10.57%	7.24%	8.02%
FGDL Franklin Responsibly Sourced Gold ETF	7.93%	64.15%	27.31%	12.92%	0.91%

Returns By Period

In the year-to-date period, FEGIX achieves a 2.63% return, which is significantly lower than FGDL's 7.93% return.

FEGIX

• 1D: -0.12%
• 1M: -22.39%
• YTD: 2.63%
• 6M: 19.07%
• 1Y: 78.51%
• 3Y*: 35.94%
• 5Y*: 22.88%
• 10Y*: 15.86%

FGDL

• 1D: 3.39%
• 1M: -11.22%
• YTD: 7.93%
• 6M: 20.34%
• 1Y: 48.63%
• 3Y*: 33.11%
• 5Y*: —
• 10Y*: —

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

FEGIX vs. FGDL - Expense Ratio Comparison

FEGIX has a 0.96% expense ratio, which is higher than FGDL's 0.15% expense ratio.

FEGIX

First Eagle Gold Fund Class I

FGDL

Franklin Responsibly Sourced Gold ETF

Return for Risk

FEGIX vs. FGDL — Risk / Return Rank

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

FEGIX

FEGIX Risk / Return Rank: 90
FEGIX Sharpe Ratio Rank: 93
FEGIX Sortino Ratio Rank: 87
FEGIX Omega Ratio Rank: 86
FEGIX Calmar Ratio Rank: 94
FEGIX Martin Ratio Rank: 92

FGDL

FGDL Risk / Return Rank: 85
FGDL Sharpe Ratio Rank: 87
FGDL Sortino Ratio Rank: 84
FGDL Omega Ratio Rank: 83
FGDL Calmar Ratio Rank: 87
FGDL Martin Ratio Rank: 85

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.

FEGIX vs. FGDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Eagle Gold Fund Class I (FEGIX) 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.

	FEGIX	FGDL	Difference
Sharpe ratio Return per unit of total volatility	2.07	1.75	+0.32
Sortino ratio Return per unit of downside risk	2.33	2.16	+0.17
Omega ratio Gain probability vs. loss probability	1.36	1.32	+0.04
Calmar ratio Return relative to maximum drawdown	2.97	2.64	+0.33
Martin ratio Return relative to average drawdown	11.00	9.52	+1.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FEGIX vs. FGDL - Sharpe Ratio Comparison

The current FEGIX Sharpe Ratio is 2.07, which is comparable to the FGDL Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of FEGIX and FGDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FEGIX	FGDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	1.75	+0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.52	-1.18

Correlation

The correlation between FEGIX and FGDL is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FEGIX vs. FGDL - Dividend Comparison

FEGIX's dividend yield for the trailing twelve months is around 1.16%, while FGDL has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
FEGIX First Eagle Gold Fund Class I	1.16%	1.19%	5.31%	1.08%	0.00%	1.19%	1.48%	0.09%
FGDL Franklin Responsibly Sourced Gold ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FEGIX vs. FGDL - Drawdown Comparison

The maximum FEGIX drawdown since its inception was -70.38%, which is greater than FGDL's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for FEGIX and FGDL.

Drawdown Indicators

	FEGIX	FGDL	Difference
Max Drawdown Largest peak-to-trough decline	-70.38%	-19.23%	-51.15%
Max Drawdown (1Y) Largest decline over 1 year	-26.66%	-19.23%	-7.43%
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.84%	—	—
Current Drawdown Current decline from peak	-22.73%	-13.76%	-8.97%
Average Drawdown Average peak-to-trough decline	-28.82%	-3.34%	-25.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.21%	5.33%	+1.88%

Volatility

FEGIX vs. FGDL - Volatility Comparison

First Eagle Gold Fund Class I (FEGIX) has a higher volatility of 13.89% compared to Franklin Responsibly Sourced Gold ETF (FGDL) at 10.75%. This indicates that FEGIX'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

	FEGIX	FGDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.89%	10.75%	+3.14%
Volatility (6M) Calculated over the trailing 6-month period	32.49%	24.37%	+8.12%
Volatility (1Y) Calculated over the trailing 1-year period	38.59%	28.00%	+10.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.11%	18.96%	+9.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	18.96%	+8.20%