FGDIX vs. BZ=F

Last updated Apr 2, 2026

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.

Performance

FGDIX vs. BZ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Gold Fund Class I (FGDIX) and Crude Oil Brent (BZ=F). The values are adjusted to include any dividend payments, if applicable.

FGDIX vs. BZ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGDIX Fidelity Advisor Gold Fund Class I	9.09%	142.97%	14.91%	-0.39%	-13.42%	-10.45%	26.84%	35.51%	-12.96%	8.59%
BZ=F Crude Oil Brent	64.83%	-18.48%	-3.12%	-10.32%	10.45%	50.15%	-21.52%	22.68%	-19.55%	17.69%

Returns By Period

In the year-to-date period, FGDIX achieves a 9.09% return, which is significantly lower than BZ=F's 64.83% return. Over the past 10 years, FGDIX has outperformed BZ=F with an annualized return of 14.83%, while BZ=F has yielded a comparatively lower 10.00% annualized return.

FGDIX

• 1D: 7.15%
• 1M: -20.08%
• YTD: 9.09%
• 6M: 21.67%
• 1Y: 97.82%
• 3Y*: 39.60%
• 5Y*: 20.97%
• 10Y*: 14.83%

BZ=F

• 1D: -15.25%
• 1M: 29.02%
• YTD: 64.83%
• 6M: 53.48%
• 1Y: 34.65%
• 3Y*: 7.93%
• 5Y*: 9.11%
• 10Y*: 10.00%

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

Return for Risk

FGDIX vs. BZ=F — Risk / Return Rank

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

FGDIX

FGDIX Risk / Return Rank: 92
FGDIX Sharpe Ratio Rank: 95
FGDIX Sortino Ratio Rank: 88
FGDIX Omega Ratio Rank: 87
FGDIX Calmar Ratio Rank: 95
FGDIX Martin Ratio Rank: 94

BZ=F

BZ=F Risk / Return Rank: 26
BZ=F Sharpe Ratio Rank: 18
BZ=F Sortino Ratio Rank: 19
BZ=F Omega Ratio Rank: 19
BZ=F Calmar Ratio Rank: 44
BZ=F Martin Ratio Rank: 29

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.

FGDIX vs. BZ=F - Risk-Adjusted Trends 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.

	FGDIX	BZ=F	Difference
Sharpe ratio Return per unit of total volatility	2.28	0.72	+1.56
Sortino ratio Return per unit of downside risk	2.49	1.17	+1.32
Omega ratio Gain probability vs. loss probability	1.38	1.17	+0.20
Calmar ratio Return relative to maximum drawdown	3.32	2.20	+1.12
Martin ratio Return relative to average drawdown	12.31	3.87	+8.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGDIX vs. BZ=F - Sharpe Ratio Comparison

The current FGDIX Sharpe Ratio is 2.28, which is higher than the BZ=F Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of FGDIX and BZ=F, 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

	FGDIX	BZ=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	0.72	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.24	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.25	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.14	+0.02

Correlation

The correlation between FGDIX and BZ=F is 0.24, 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.

Drawdowns

FGDIX vs. BZ=F - Drawdown Comparison

The maximum FGDIX drawdown since its inception was -77.15%, 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.

Drawdown Indicators

	FGDIX	BZ=F	Difference
Max Drawdown Largest peak-to-trough decline	-77.15%	-86.77%	+9.62%
Max Drawdown (1Y) Largest decline over 1 year	-29.85%	-23.58%	-6.27%
Max Drawdown (5Y) Largest decline over 5 years	-45.95%	-53.96%	+8.01%
Max Drawdown (10Y) Largest decline over 10 years	-50.57%	-77.60%	+27.03%
Current Drawdown Current decline from peak	-20.10%	-31.34%	+11.24%
Average Drawdown Average peak-to-trough decline	-39.98%	-41.03%	+1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.05%	13.39%	-5.34%

Volatility

FGDIX vs. BZ=F - Volatility Comparison

The current volatility for Fidelity Advisor Gold Fund Class I (FGDIX) is 17.46%, while Crude Oil Brent (BZ=F) has a volatility of 32.42%. This indicates that FGDIX experiences smaller price fluctuations and is considered to be less risky than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGDIX	BZ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.46%	32.42%	-14.96%
Volatility (6M) Calculated over the trailing 6-month period	35.67%	37.17%	-1.50%
Volatility (1Y) Calculated over the trailing 1-year period	43.19%	42.17%	+1.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.90%	35.75%	-2.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.13%	38.57%	-5.44%