Correlation
The correlation between FGDIX and BZ=F is 0.26, 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.
FGDIX vs. BZ=F
Compare and contrast key facts about Fidelity Advisor Gold Fund Class I (FGDIX) and Crude Oil Brent (BZ=F).
FGDIX is managed by Fidelity. It was launched on Dec 12, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGDIX or BZ=F.
Performance
FGDIX vs. BZ=F - Performance Comparison
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Key characteristics
FGDIX:
1.65
BZ=F:
-0.81
FGDIX:
2.10
BZ=F:
-1.06
FGDIX:
1.28
BZ=F:
0.88
FGDIX:
0.97
BZ=F:
-0.40
FGDIX:
6.43
BZ=F:
-1.43
FGDIX:
7.73%
BZ=F:
16.47%
FGDIX:
31.44%
BZ=F:
28.30%
FGDIX:
-77.14%
BZ=F:
-86.77%
FGDIX:
-20.93%
BZ=F:
-57.09%
Returns By Period
In the year-to-date period, FGDIX achieves a 50.35% return, which is significantly higher than BZ=F's -16.01% return. Over the past 10 years, FGDIX has outperformed BZ=F with an annualized return of 9.41%, while BZ=F has yielded a comparatively lower -0.44% annualized return.
FGDIX
50.35%
2.67%
39.12%
51.35%
15.80%
7.44%
9.41%
BZ=F
-16.01%
-0.68%
-14.05%
-23.42%
-20.09%
12.15%
-0.44%
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Risk-Adjusted Performance
FGDIX vs. BZ=F — Risk-Adjusted Performance Rank
FGDIX
BZ=F
FGDIX vs. BZ=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Gold Fund Class I (FGDIX) and Crude Oil Brent (BZ=F). 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.
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Drawdowns
FGDIX vs. BZ=F - Drawdown Comparison
The maximum FGDIX drawdown since its inception was -77.14%, smaller than the maximum BZ=F drawdown of -86.77%. Use the drawdown chart below to compare losses from any high point for FGDIX and BZ=F.
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Volatility
FGDIX vs. BZ=F - Volatility Comparison
Fidelity Advisor Gold Fund Class I (FGDIX) has a higher volatility of 13.24% compared to Crude Oil Brent (BZ=F) at 7.22%. This indicates that FGDIX's price experiences larger fluctuations and is considered to be riskier than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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