FGDIX vs. GDX
Compare and contrast key facts about Fidelity Advisor Gold Fund Class I (FGDIX) and VanEck Vectors Gold Miners ETF (GDX).
FGDIX is managed by Fidelity. It was launched on Dec 12, 2006. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGDIX or GDX.
Correlation
The correlation between FGDIX and GDX is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FGDIX vs. GDX - Performance Comparison
Key characteristics
FGDIX:
0.94
GDX:
0.85
FGDIX:
1.41
GDX:
1.31
FGDIX:
1.17
GDX:
1.16
FGDIX:
0.43
GDX:
0.48
FGDIX:
3.35
GDX:
3.01
FGDIX:
8.00%
GDX:
9.02%
FGDIX:
28.33%
GDX:
31.97%
FGDIX:
-77.14%
GDX:
-80.57%
FGDIX:
-48.17%
GDX:
-38.04%
Returns By Period
In the year-to-date period, FGDIX achieves a 6.26% return, which is significantly lower than GDX's 7.11% return. Over the past 10 years, FGDIX has underperformed GDX with an annualized return of 3.68%, while GDX has yielded a comparatively higher 6.13% annualized return.
FGDIX
6.26%
-2.86%
-4.39%
23.89%
3.42%
3.68%
GDX
7.11%
0.26%
-6.45%
23.73%
6.29%
6.13%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FGDIX vs. GDX - Expense Ratio Comparison
FGDIX has a 0.76% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
FGDIX vs. GDX — Risk-Adjusted Performance Rank
FGDIX
GDX
FGDIX vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Gold Fund Class I (FGDIX) and VanEck Vectors Gold Miners ETF (GDX). 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.
Dividends
FGDIX vs. GDX - Dividend Comparison
FGDIX's dividend yield for the trailing twelve months is around 0.17%, less than GDX's 1.11% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGDIX Fidelity Advisor Gold Fund Class I | 0.17% | 0.18% | 0.97% | 0.36% | 1.58% | 4.40% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 1.11% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
FGDIX vs. GDX - Drawdown Comparison
The maximum FGDIX drawdown since its inception was -77.14%, roughly equal to the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for FGDIX and GDX. For additional features, visit the drawdowns tool.
Volatility
FGDIX vs. GDX - Volatility Comparison
The current volatility for Fidelity Advisor Gold Fund Class I (FGDIX) is 8.46%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 9.32%. This indicates that FGDIX experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.