FGDIX vs. IAUM

Last updated Jun 4, 2026

FGDIX (Fidelity Advisor Gold Fund Class I) and IAUM (iShares Gold Trust Micro) are both funds - FGDIX is a Precious Metals fund managed by Fidelity, while IAUM is a Gold fund tracking the LBMA Gold Price PM. Over the past 3 years, FGDIX returned 40.60%/yr vs 31.53%/yr for IAUM. A 0.77 correlation means they provide meaningful diversification when combined. FGDIX charges 0.76%/yr vs 0.09%/yr for IAUM.

Performance

FGDIX vs. IAUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Gold Fund Class I (FGDIX) and iShares Gold Trust Micro (IAUM). 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 higher than IAUM's 3.00% return.

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%

IAUM

• 1D: -0.96%
• 1M: -1.62%
• YTD: 3.00%
• 6M: 5.58%
• 1Y: 32.42%
• 3Y*: 31.53%
• 5Y*: —
• 10Y*: —

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

FGDIX vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FGDIX Fidelity Advisor Gold Fund Class I	5.38%	142.97%	14.91%	-0.39%	-13.42%	-4.84%
IAUM iShares Gold Trust Micro	3.00%	64.27%	27.04%	13.12%	-0.49%	3.87%

Correlation

The correlation between FGDIX and IAUM is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021	0.77

The correlation between FGDIX and IAUM has been stable across timeframes, ranging from 0.77 to 0.79 - a consistent structural relationship.

Return for Risk

FGDIX vs. IAUM — 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

IAUM

IAUM Risk / Return Rank: 32
IAUM Sharpe Ratio Rank: 33
IAUM Sortino Ratio Rank: 29
IAUM Omega Ratio Rank: 36
IAUM Calmar Ratio Rank: 34
IAUM Martin Ratio Rank: 29

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. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Gold Fund Class I (FGDIX) and iShares Gold Trust Micro (IAUM). 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	IAUM	Difference
Sharpe ratio Return per unit of total volatility	1.45	1.24	+0.21
Sortino ratio Return per unit of downside risk	1.83	1.63	+0.20
Omega ratio Gain probability vs. loss probability	1.26	1.25	+0.02
Calmar ratio Return relative to maximum drawdown	2.07	1.70	+0.37
Martin ratio Return relative to average drawdown	5.41	4.22	+1.19
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. IAUM - Sharpe Ratio Comparison

The current FGDIX Sharpe Ratio is 1.45, which is comparable to the IAUM Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FGDIX and IAUM, 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	IAUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.24	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	1.16	-1.01

Drawdowns

FGDIX vs. IAUM - Drawdown Comparison

The maximum FGDIX drawdown since its inception was -77.15%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for FGDIX and IAUM.

Drawdown Indicators

	FGDIX	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-77.15%	-20.87%	-56.28%
Max Drawdown (1Y) Largest decline over 1 year	-29.85%	-19.15%	-10.70%
Max Drawdown (3Y) Largest decline over 3 years	-29.85%	-19.15%	-10.70%
Max Drawdown (5Y) Largest decline over 5 years	-45.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.57%	—	—
Current Drawdown Current decline from peak	-22.82%	-17.68%	-5.14%
Average Drawdown Average peak-to-trough decline	-39.81%	-5.30%	-34.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.40%	7.70%	+3.70%

Volatility

FGDIX vs. IAUM - Volatility Comparison

Fidelity Advisor Gold Fund Class I (FGDIX) has a higher volatility of 14.88% compared to iShares Gold Trust Micro (IAUM) at 5.50%. This indicates that FGDIX's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGDIX	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.88%	5.50%	+9.38%
Volatility (6M) Calculated over the trailing 6-month period	35.11%	22.89%	+12.22%
Volatility (1Y) Calculated over the trailing 1-year period	43.06%	26.31%	+16.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.60%	17.86%	+15.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.10%	17.86%	+15.24%

FGDIX vs. IAUM - Expense Ratio Comparison

FGDIX has a 0.76% expense ratio, which is higher than IAUM's 0.09% expense ratio.

Dividends

FGDIX vs. IAUM - Dividend Comparison

FGDIX's dividend yield for the trailing twelve months is around 4.78%, while IAUM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FGDIX and IAUM in my portfolio?

FGDIX and IAUM have a correlation of 0.79, 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 IAUM?

FGDIX has higher volatility (14.88%) compared to IAUM (5.50%). In terms of maximum drawdown, FGDIX dropped -77.15% vs IAUM's -20.87%.

Which has better risk-adjusted returns?

FGDIX currently has the higher Sharpe Ratio (1.45 vs 1.24), 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.