FGADX vs. FSAGX

Last updated Aug 4, 2026

FGADX (Franklin Gold and Precious Metals Fund Advisor Class) and FSAGX (Fidelity Select Gold Portfolio) are both Gold funds. Over the past 10 years, FGADX returned 11.40%/yr vs 8.13%/yr for FSAGX. Their correlation of 0.94 means they have usually moved in the same direction. FGADX charges 0.62%/yr vs 0.73%/yr for FSAGX.

Performance

FGADX vs. FSAGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Gold and Precious Metals Fund Advisor Class (FGADX) and Fidelity Select Gold Portfolio (FSAGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGADX achieves a -12.25% return, which is significantly lower than FSAGX's -10.19% return. Over the past 10 years, FGADX has outperformed FSAGX with an annualized return of 11.40%, while FSAGX has yielded a comparatively lower 8.13% annualized return.

FGADX

• 1D: -2.45%
• 1M: -6.59%
• 6M: -19.71%
• YTD: -12.25%
• 1Y: 62.00%
• 3Y*: 46.12%
• 5Y*: 19.18%
• 10Y*: 11.40%
• ALL TIME*: 7.83%

FSAGX

• 1D: -3.43%
• 1M: -5.08%
• 6M: -18.79%
• YTD: -10.19%
• 1Y: 40.31%
• 3Y*: 35.10%
• 5Y*: 14.62%
• 10Y*: 8.13%
• ALL TIME*: 6.48%

*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)
FGADX Franklin Gold and Precious Metals Fund Advisor Class	$0.00	$0.00	$0.00
FSAGX Fidelity Select Gold Portfolio	$0.00	$0.00	$0.00

FGADX vs. FSAGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGADX Franklin Gold and Precious Metals Fund Advisor Class	-12.25%	197.29%	17.98%	2.20%	-23.24%	-3.76%	44.60%	51.87%	-17.89%	0.06%
FSAGX Fidelity Select Gold Portfolio	-10.19%	143.05%	14.97%	-0.37%	-13.46%	-10.44%	26.83%	35.50%	-13.00%	8.63%

Correlation

The correlation between FGADX and FSAGX is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.94
Correlation (10Y) Provides a long-term view across more market conditions.	0.94
Correlation (All Time) Calculated using the full available price history since Dec 31, 1996	0.94

The correlation between FGADX and FSAGX has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

Return for Risk

FGADX vs. FSAGX — Risk / Return Rank

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

FGADX

FGADX Risk / Return Rank: 38
FGADX Sharpe Ratio Rank: 46
FGADX Sortino Ratio Rank: 38
FGADX Omega Ratio Rank: 42
FGADX Calmar Ratio Rank: 39
FGADX Martin Ratio Rank: 25

FSAGX

FSAGX Risk / Return Rank: 23
FSAGX Sharpe Ratio Rank: 24
FSAGX Sortino Ratio Rank: 24
FSAGX Omega Ratio Rank: 27
FSAGX Calmar Ratio Rank: 22
FSAGX Martin Ratio Rank: 16

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.

FGADX vs. FSAGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Gold and Precious Metals Fund Advisor Class (FGADX) 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.

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.

	FGADX	FSAGX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	0.92	+0.49
Sortino ratio: Return per unit of downside risk	1.83	1.36	+0.48
Omega ratio: Gain probability vs. loss probability	1.25	1.18	+0.06
Calmar ratio: Return relative to maximum drawdown	1.73	1.12	+0.61
Martin ratio: Return relative to average drawdown	3.84	2.46	+1.39

FGADX vs. FSAGX - Sharpe Ratio Comparison

The current FGADX Sharpe Ratio is 1.41, which is higher than the FSAGX Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of FGADX and FSAGX, 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

FGADX vs. FSAGX - Drawdown Comparison

The maximum FGADX drawdown since its inception was -78.57%, roughly equal to the maximum FSAGX drawdown of -77.21%. Use the drawdown chart below to compare losses from any high point for FGADX and FSAGX.

Drawdown Indicators

	FGADX	FSAGX	Difference
Max Drawdown Largest peak-to-trough decline	-78.57%	-77.21%	-1.36%
Max Drawdown (1Y) Largest decline over 1 year	-37.34%	-37.90%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-37.34%	-37.90%	+0.56%
Max Drawdown (5Y) Largest decline over 5 years	-48.77%	-45.94%	-2.83%
Max Drawdown (10Y) Largest decline over 10 years	-49.27%	-50.57%	+1.30%
Current Drawdown Current decline from peak	-34.80%	-34.23%	-0.57%
Average Drawdown Average peak-to-trough decline	-34.69%	-33.34%	-1.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.81%	17.26%	-0.45%

Volatility

FGADX vs. FSAGX - Volatility Comparison

Franklin Gold and Precious Metals Fund Advisor Class (FGADX) and Fidelity Select Gold Portfolio (FSAGX) have volatilities of 13.39% and 12.90%, 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

	FGADX	FSAGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.39%	12.90%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	38.37%	38.42%	-0.05%
Volatility (1Y) Calculated over the trailing 1-year period	45.93%	46.30%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.66%	34.55%	+0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.16%	33.43%	-0.27%

FGADX vs. FSAGX - Expense Ratio Comparison

FGADX has a 0.62% expense ratio, which is lower than FSAGX's 0.73% expense ratio.

Dividends

FGADX vs. FSAGX - Dividend Comparison

FGADX's dividend yield for the trailing twelve months is around 11.18%, more than FSAGX's 5.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FGADX Franklin Gold and Precious Metals Fund Advisor Class	11.18%	9.81%	12.51%	3.09%	0.00%	8.83%	10.06%	0.00%	0.00%	0.62%	8.38%
FSAGX Fidelity Select Gold Portfolio	5.71%	2.17%	3.62%	0.99%	0.36%	1.60%	4.40%	0.40%	0.00%	0.22%	3.57%

Frequently Asked Questions

Can I hold both FGADX and FSAGX in my portfolio?

With a correlation of 0.95, FGADX and FSAGX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FGADX or FSAGX?

FGADX has higher volatility (13.39%) compared to FSAGX (12.90%). In terms of maximum drawdown, FGADX dropped -78.57% vs FSAGX's -77.21%.

Which has better risk-adjusted returns?

FGADX currently has the higher Sharpe Ratio (1.41 vs 0.92), 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.