FGDIX vs. BZ=F

Last updated Jun 3, 2026

FGDIX (Fidelity Advisor Gold Fund Class I) is Precious Metals fund managed by Fidelity, while BZ=F (Crude Oil Brent) is an asset. Over the past 10 years, FGDIX returned 12.17%/yr vs 6.79%/yr for BZ=F. At a 0.23 correlation, their price movements are largely independent.

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.

Returns By Period

In the year-to-date period, FGDIX achieves a 4.14% return, which is significantly lower than BZ=F's 57.40% return. Over the past 10 years, FGDIX has outperformed BZ=F with an annualized return of 12.17%, while BZ=F has yielded a comparatively lower 6.79% annualized return.

FGDIX

• 1D: -2.89%
• 1M: 0.90%
• YTD: 4.14%
• 6M: 10.40%
• 1Y: 59.54%
• 3Y*: 40.04%
• 5Y*: 15.58%
• 10Y*: 12.17%

BZ=F

• 1D: 0.84%
• 1M: -11.45%
• YTD: 57.40%
• 6M: 53.37%
• 1Y: 48.20%
• 3Y*: 7.95%
• 5Y*: 6.08%
• 10Y*: 6.79%

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

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	4.14%	142.97%	14.91%	-0.39%	-13.42%	-10.45%	26.84%	35.51%	-12.96%	8.59%
BZ=F Crude Oil Brent	57.40%	-18.48%	-3.12%	-10.32%	10.45%	50.15%	-21.52%	22.68%	-19.55%	17.69%

Correlation

The correlation between FGDIX and BZ=F is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.13
Correlation (10Y) Calculated over the trailing 10-year period	0.11
Correlation (All Time) Calculated using the full available price history since Dec 2, 2005	0.23

The correlation between FGDIX and BZ=F shifts across timeframes, from -0.08 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.

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: 28
FGDIX Sharpe Ratio Rank: 30
FGDIX Sortino Ratio Rank: 21
FGDIX Omega Ratio Rank: 28
FGDIX Calmar Ratio Rank: 37
FGDIX Martin Ratio Rank: 23

BZ=F

BZ=F Risk / Return Rank: 33
BZ=F Sharpe Ratio Rank: 22
BZ=F Sortino Ratio Rank: 27
BZ=F Omega Ratio Rank: 20
BZ=F Calmar Ratio Rank: 51
BZ=F Martin Ratio Rank: 48

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	1.59	0.89	+0.70
Sortino ratio Return per unit of downside risk	1.97	1.35	+0.62
Omega ratio Gain probability vs. loss probability	1.28	1.20	+0.08
Calmar ratio Return relative to maximum drawdown	2.33	1.75	+0.58
Martin ratio Return relative to average drawdown	6.14	3.64	+2.50
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 1.59, which is higher than the BZ=F Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of FGDIX and BZ=F, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FGDIX	BZ=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	0.89	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.16	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.17	+0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.13	+0.01

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%	-23.63%	-6.22%
Max Drawdown (3Y) Largest decline over 3 years	-29.85%	-38.97%	+9.12%
Max Drawdown (5Y) Largest decline over 5 years	-45.94%	-53.96%	+8.02%
Max Drawdown (10Y) Largest decline over 10 years	-50.57%	-77.60%	+27.03%
Current Drawdown Current decline from peak	-23.73%	-34.43%	+10.70%
Average Drawdown Average peak-to-trough decline	-39.81%	-40.98%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.31%	11.34%	-0.03%

Volatility

FGDIX vs. BZ=F - Volatility Comparison

The current volatility for Fidelity Advisor Gold Fund Class I (FGDIX) is 14.89%, while Crude Oil Brent (BZ=F) has a volatility of 16.99%. 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	14.89%	16.99%	-2.10%
Volatility (6M) Calculated over the trailing 6-month period	35.13%	45.63%	-10.50%
Volatility (1Y) Calculated over the trailing 1-year period	43.13%	47.56%	-4.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.59%	37.42%	-3.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.23%	39.20%	-5.97%

Frequently Asked Questions

Can I hold both FGDIX and BZ=F in my portfolio?

FGDIX and BZ=F have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGDIX or BZ=F?

BZ=F has higher volatility (16.99%) compared to FGDIX (14.89%). In terms of maximum drawdown, FGDIX dropped -77.15% vs BZ=F's -86.77%.

Which has better risk-adjusted returns?

FGDIX currently has the higher Sharpe Ratio (1.59 vs 0.89), 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.