FGDIX vs. GLDM
Compare and contrast key facts about Fidelity Advisor Gold Fund Class I (FGDIX) and SPDR Gold MiniShares Trust (GLDM).
FGDIX is managed by Fidelity. It was launched on Dec 12, 2006. GLDM is a passively managed fund by State Street that tracks the performance of the LBMA Gold PM Price. It was launched on Jun 25, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGDIX or GLDM.
Correlation
The correlation between FGDIX and GLDM is 0.76, 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. GLDM - Performance Comparison
Key characteristics
FGDIX:
0.94
GLDM:
2.11
FGDIX:
1.41
GLDM:
2.76
FGDIX:
1.17
GLDM:
1.36
FGDIX:
0.43
GLDM:
3.94
FGDIX:
3.35
GLDM:
10.77
FGDIX:
8.00%
GLDM:
2.96%
FGDIX:
28.33%
GLDM:
15.14%
FGDIX:
-77.14%
GLDM:
-21.63%
FGDIX:
-48.17%
GLDM:
-3.98%
Returns By Period
In the year-to-date period, FGDIX achieves a 6.26% return, which is significantly higher than GLDM's 2.00% return.
FGDIX
6.26%
-2.86%
-4.39%
23.89%
3.42%
3.68%
GLDM
2.00%
1.09%
8.36%
30.58%
11.39%
N/A
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FGDIX vs. GLDM - Expense Ratio Comparison
FGDIX has a 0.76% expense ratio, which is higher than GLDM's 0.18% expense ratio.
Risk-Adjusted Performance
FGDIX vs. GLDM — Risk-Adjusted Performance Rank
FGDIX
GLDM
FGDIX vs. GLDM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Gold Fund Class I (FGDIX) and SPDR Gold MiniShares Trust (GLDM). 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. GLDM - Dividend Comparison
FGDIX's dividend yield for the trailing twelve months is around 0.17%, while GLDM has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FGDIX Fidelity Advisor Gold Fund Class I | 0.17% | 0.18% | 0.97% | 0.36% | 1.58% | 4.40% | 0.27% |
GLDM SPDR Gold MiniShares Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FGDIX vs. GLDM - Drawdown Comparison
The maximum FGDIX drawdown since its inception was -77.14%, which is greater than GLDM's maximum drawdown of -21.63%. Use the drawdown chart below to compare losses from any high point for FGDIX and GLDM. For additional features, visit the drawdowns tool.
Volatility
FGDIX vs. GLDM - Volatility Comparison
Fidelity Advisor Gold Fund Class I (FGDIX) has a higher volatility of 8.46% compared to SPDR Gold MiniShares Trust (GLDM) at 4.56%. This indicates that FGDIX's price experiences larger fluctuations and is considered to be riskier than GLDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.