FGDIX vs. GDX
Compare and contrast key facts about Fidelity Advisor Gold Fund Class I (FGDIX) and VanEck 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 MarketVector Global Gold Miners Index. It was launched on May 16, 2006.
Performance
FGDIX vs. GDX - Performance Comparison
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FGDIX vs. GDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FGDIX Fidelity Advisor Gold Fund Class I | 1.81% | 142.97% | 14.91% | -0.39% | -13.42% | -10.45% | 26.84% | 35.51% | -12.96% | 8.59% |
GDX VanEck Gold Miners ETF | 7.00% | 154.77% | 10.63% | 9.98% | -9.01% | -9.52% | 23.66% | 39.84% | -8.77% | 11.99% |
Returns By Period
In the year-to-date period, FGDIX achieves a 1.81% return, which is significantly lower than GDX's 7.00% return. Over the past 10 years, FGDIX has underperformed GDX with an annualized return of 14.04%, while GDX has yielded a comparatively higher 17.53% annualized return.
FGDIX
- 1D
- -0.23%
- 1M
- -25.43%
- YTD
- 1.81%
- 6M
- 14.64%
- 1Y
- 84.61%
- 3Y*
- 36.42%
- 5Y*
- 20.15%
- 10Y*
- 14.04%
GDX
- 1D
- 6.97%
- 1M
- -20.78%
- YTD
- 7.00%
- 6M
- 20.99%
- 1Y
- 101.08%
- 3Y*
- 43.23%
- 5Y*
- 23.96%
- 10Y*
- 17.53%
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FGDIX vs. GDX - Expense Ratio Comparison
FGDIX has a 0.76% expense ratio, which is higher than GDX's 0.51% expense ratio.
Return for Risk
FGDIX vs. GDX — Risk / Return Rank
FGDIX
GDX
FGDIX vs. GDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Gold Fund Class I (FGDIX) and VanEck 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.
| FGDIX | GDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.02 | 2.21 | -0.19 |
Sortino ratioReturn per unit of downside risk | 2.29 | 2.45 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.36 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.84 | 3.34 | -0.50 |
Martin ratioReturn relative to average drawdown | 10.65 | 12.07 | -1.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGDIX | GDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.02 | 2.21 | -0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.67 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.47 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.14 | +0.01 |
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.
Dividends
FGDIX vs. GDX - Dividend Comparison
FGDIX's dividend yield for the trailing twelve months is around 2.06%, more than GDX's 0.69% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGDIX Fidelity Advisor Gold Fund Class I | 2.06% | 2.10% | 3.58% | 0.97% | 0.36% | 1.59% | 4.40% | 0.41% | 0.00% | 0.23% | 3.65% | 0.00% |
GDX VanEck Gold Miners ETF | 0.69% | 0.74% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.67% | 0.50% | 0.76% | 0.26% | 0.85% |
Drawdowns
FGDIX vs. GDX - Drawdown Comparison
The maximum FGDIX drawdown since its inception was -77.15%, roughly equal to the maximum GDX drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for FGDIX and GDX.
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Drawdown Indicators
| FGDIX | GDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.15% | -80.34% | +3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -29.85% | -30.84% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -45.95% | -46.51% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -50.57% | -49.79% | -0.78% |
Current DrawdownCurrent decline from peak | -25.43% | -20.78% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -39.98% | -40.61% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.95% | 8.52% | -0.57% |
Volatility
FGDIX vs. GDX - Volatility Comparison
The current volatility for Fidelity Advisor Gold Fund Class I (FGDIX) is 15.39%, while VanEck Gold Miners ETF (GDX) has a volatility of 18.51%. 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.
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Volatility by Period
| FGDIX | GDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.39% | 18.51% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 35.03% | 38.19% | -3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.73% | 46.00% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.76% | 35.73% | -2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.05% | 37.44% | -4.39% |