FGDIX vs. USERX

Last updated Jun 4, 2026

FGDIX (Fidelity Advisor Gold Fund Class I) and USERX (U.S. Global Investors Gold & Precious Metals Fund) are both Precious Metals funds. Over the past 10 years, FGDIX returned 12.30%/yr vs 15.38%/yr for USERX. Their correlation of 0.95 suggests significant overlap in exposure. FGDIX charges 0.76%/yr vs 1.52%/yr for USERX.

Performance

FGDIX vs. USERX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Advisor Gold Fund Class I (FGDIX) and U.S. Global Investors Gold & Precious Metals Fund (USERX). 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 USERX's 4.58% return. Over the past 10 years, FGDIX has underperformed USERX with an annualized return of 12.30%, while USERX has yielded a comparatively higher 15.38% annualized 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%

USERX

• 1D: 1.42%
• 1M: 4.23%
• YTD: 4.58%
• 6M: 12.99%
• 1Y: 75.95%
• 3Y*: 48.36%
• 5Y*: 18.56%
• 10Y*: 15.38%

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

FGDIX vs. USERX - 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%
USERX U.S. Global Investors Gold & Precious Metals Fund	4.58%	167.44%	16.75%	1.44%	-17.44%	-10.80%	37.16%	51.34%	-14.24%	13.07%

Correlation

The correlation between FGDIX and USERX is 0.95 - 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	0.95
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.95
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Dec 2, 2005	0.95

The correlation between FGDIX and USERX has been stable across timeframes, ranging from 0.94 to 0.95 - a consistent structural relationship.

Return for Risk

FGDIX vs. USERX — 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

USERX

USERX Risk / Return Rank: 32
USERX Sharpe Ratio Rank: 37
USERX Sortino Ratio Rank: 25
USERX Omega Ratio Rank: 32
USERX Calmar Ratio Rank: 41
USERX Martin Ratio Rank: 25

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. USERX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Gold Fund Class I (FGDIX) and U.S. Global Investors Gold & Precious Metals Fund (USERX). 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	USERX	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.77	-0.32
Sortino ratio: Return per unit of downside risk	1.83	2.10	-0.27
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	2.07	2.42	-0.35
Martin ratio: Return relative to average drawdown	5.41	6.24	-0.84
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. USERX - Sharpe Ratio Comparison

The current FGDIX Sharpe Ratio is 1.45, which is comparable to the USERX Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FGDIX and USERX, 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	USERX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	1.77	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.56	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.45	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.01	+0.14

Drawdowns

FGDIX vs. USERX - Drawdown Comparison

The maximum FGDIX drawdown since its inception was -77.15%, smaller than the maximum USERX drawdown of -97.74%. Use the drawdown chart below to compare losses from any high point for FGDIX and USERX.

Drawdown Indicators

	FGDIX	USERX	Difference
Max Drawdown Largest peak-to-trough decline	-77.15%	-97.74%	+20.59%
Max Drawdown (1Y) Largest decline over 1 year	-29.85%	-32.20%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-29.85%	-32.20%	+2.35%
Max Drawdown (5Y) Largest decline over 5 years	-45.94%	-43.45%	-2.49%
Max Drawdown (10Y) Largest decline over 10 years	-50.57%	-43.45%	-7.12%
Current Drawdown Current decline from peak	-22.82%	-42.81%	+19.99%
Average Drawdown Average peak-to-trough decline	-39.81%	-75.03%	+35.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.40%	12.46%	-1.06%

Volatility

FGDIX vs. USERX - Volatility Comparison

Fidelity Advisor Gold Fund Class I (FGDIX) and U.S. Global Investors Gold & Precious Metals Fund (USERX) have volatilities of 14.88% and 14.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGDIX	USERX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.88%	14.30%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	35.11%	36.60%	-1.49%
Volatility (1Y) Calculated over the trailing 1-year period	43.06%	44.33%	-1.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.60%	33.19%	+0.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.10%	33.96%	-0.86%

FGDIX vs. USERX - Expense Ratio Comparison

FGDIX has a 0.76% expense ratio, which is lower than USERX's 1.52% expense ratio.

Dividends

FGDIX vs. USERX - Dividend Comparison

FGDIX's dividend yield for the trailing twelve months is around 4.78%, less than USERX's 5.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
USERX U.S. Global Investors Gold & Precious Metals Fund	5.55%	2.95%	1.48%	0.00%	0.00%	2.13%	2.68%	0.00%	1.76%	0.00%	0.88%	0.47%

Frequently Asked Questions

Can I hold both FGDIX and USERX in my portfolio?

With a correlation of 0.95, FGDIX and USERX 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 USERX?

FGDIX has higher volatility (14.88%) compared to USERX (14.30%). In terms of maximum drawdown, FGDIX dropped -77.15% vs USERX's -97.74%.

Which has better risk-adjusted returns?

USERX currently has the higher Sharpe Ratio (1.77 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.