FGDIX vs. EPGFX

Last updated Jun 4, 2026

FGDIX (Fidelity Advisor Gold Fund Class I) and EPGFX (EuroPac Gold Fund) are both Precious Metals funds. Over the past 10 years, FGDIX returned 12.30%/yr vs 12.88%/yr for EPGFX. With a 0.95 correlation, they move nearly in lockstep. FGDIX charges 0.76%/yr vs 1.40%/yr for EPGFX.

Performance

FGDIX vs. EPGFX - Performance Comparison

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

Returns By Period

In the year-to-date period, FGDIX achieves a 5.38% return, which is significantly lower than EPGFX's 7.04% return. Both investments have delivered pretty close results over the past 10 years, with FGDIX having a 12.30% annualized return and EPGFX not far ahead at 12.88%.

FGDIX

• 1D: 1.19%
• 1M: 3.81%
• YTD: 5.38%
• 6M: 12.25%
• 1Y: 61.65%
• 3Y*: 40.60%
• 5Y*: 16.54%
• 10Y*: 12.30%

EPGFX

• 1D: 1.15%
• 1M: 4.19%
• YTD: 7.04%
• 6M: 12.47%
• 1Y: 67.58%
• 3Y*: 35.71%
• 5Y*: 13.89%
• 10Y*: 12.88%

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

FGDIX vs. EPGFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGDIX Fidelity Advisor Gold Fund Class I	5.38%	142.97%	14.91%	-0.39%	-13.42%	-10.45%	26.84%	35.51%	-12.96%	8.59%
EPGFX EuroPac Gold Fund	7.04%	129.06%	8.51%	2.31%	-14.00%	-18.06%	36.99%	37.25%	-13.85%	12.73%

Correlation

The correlation between FGDIX and EPGFX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.95

The correlation between FGDIX and EPGFX has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.

Return for Risk

FGDIX vs. EPGFX — Risk / Return Rank

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

FGDIX

FGDIX Risk / Return Rank: 24
FGDIX Sharpe Ratio Rank: 26
FGDIX Sortino Ratio Rank: 19
FGDIX Omega Ratio Rank: 25
FGDIX Calmar Ratio Rank: 30
FGDIX Martin Ratio Rank: 20

EPGFX

EPGFX Risk / Return Rank: 33
EPGFX Sharpe Ratio Rank: 38
EPGFX Sortino Ratio Rank: 26
EPGFX Omega Ratio Rank: 34
EPGFX Calmar Ratio Rank: 39
EPGFX Martin Ratio Rank: 28

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. EPGFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Gold Fund Class I (FGDIX) and EuroPac Gold Fund (EPGFX). 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	EPGFX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.78	-0.34
Sortino ratio: Return per unit of downside risk	1.83	2.12	-0.29
Omega ratio: Gain probability vs. loss probability	1.26	1.31	-0.05
Calmar ratio: Return relative to maximum drawdown	2.07	2.37	-0.30
Martin ratio: Return relative to average drawdown	5.41	6.71	-1.31
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. EPGFX - Sharpe Ratio Comparison

The current FGDIX Sharpe Ratio is 1.45, which is comparable to the EPGFX Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of FGDIX and EPGFX, 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	EPGFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.78	-0.34
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.43	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.40	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.35	-0.20

Drawdowns

FGDIX vs. EPGFX - Drawdown Comparison

The maximum FGDIX drawdown since its inception was -77.15%, which is greater than EPGFX's maximum drawdown of -56.70%. Use the drawdown chart below to compare losses from any high point for FGDIX and EPGFX.

Drawdown Indicators

	FGDIX	EPGFX	Difference
Max Drawdown Largest peak-to-trough decline	-77.15%	-56.70%	-20.45%
Max Drawdown (1Y) Largest decline over 1 year	-29.85%	-28.88%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-29.85%	-28.88%	-0.97%
Max Drawdown (5Y) Largest decline over 5 years	-45.94%	-47.20%	+1.26%
Max Drawdown (10Y) Largest decline over 10 years	-50.57%	-51.03%	+0.46%
Current Drawdown Current decline from peak	-22.82%	-18.38%	-4.44%
Average Drawdown Average peak-to-trough decline	-39.81%	-22.03%	-17.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.40%	10.17%	+1.23%

Volatility

FGDIX vs. EPGFX - Volatility Comparison

Fidelity Advisor Gold Fund Class I (FGDIX) has a higher volatility of 14.88% compared to EuroPac Gold Fund (EPGFX) at 12.36%. This indicates that FGDIX's price experiences larger fluctuations and is considered to be riskier than EPGFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGDIX	EPGFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.88%	12.36%	+2.52%
Volatility (6M) Calculated over the trailing 6-month period	35.11%	31.70%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	43.06%	38.70%	+4.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.60%	32.50%	+1.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.10%	32.41%	+0.69%

FGDIX vs. EPGFX - Expense Ratio Comparison

FGDIX has a 0.76% expense ratio, which is lower than EPGFX's 1.40% expense ratio.

Dividends

FGDIX vs. EPGFX - Dividend Comparison

FGDIX's dividend yield for the trailing twelve months is around 4.78%, less than EPGFX's 6.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EPGFX EuroPac Gold Fund	6.41%	6.86%	10.36%	0.00%	0.00%	2.49%	8.67%	0.00%	0.00%	2.56%	19.31%
FGDIX Fidelity Advisor Gold Fund Class I	4.78%	2.10%	3.58%	0.97%	0.36%	1.59%	4.40%	0.41%	0.00%	0.23%	3.65%

Frequently Asked Questions

Can I hold both FGDIX and EPGFX in my portfolio?

With a correlation of 0.96, FGDIX and EPGFX 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, FGDIX or EPGFX?

FGDIX has higher volatility (14.88%) compared to EPGFX (12.36%). In terms of maximum drawdown, FGDIX dropped -77.15% vs EPGFX's -56.70%.

Which has better risk-adjusted returns?

EPGFX currently has the higher Sharpe Ratio (1.78 vs 1.45), 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.