FGDL vs. FLIN

Last updated Aug 4, 2026

FGDL (Franklin Responsibly Sourced Gold ETF) and FLIN (Franklin FTSE India ETF) are both exchange-traded funds - FGDL is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while FLIN is a India Equities fund tracking the FTSE India RIC Capped Index. Both are passively managed. Over the past 3 years, FGDL returned 27.63%/yr vs 5.63%/yr for FLIN. Their 0.22 correlation means their historical movements had little consistent relationship. FGDL charges 0.15%/yr vs 0.19%/yr for FLIN.

Performance

FGDL vs. FLIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Responsibly Sourced Gold ETF (FGDL) and Franklin FTSE India ETF (FLIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGDL achieves a -6.34% return, which is significantly higher than FLIN's -6.92% return.

FGDL

• 1D: -0.15%
• 1M: -1.51%
• 6M: -13.15%
• YTD: -6.34%
• 1Y: 20.61%
• 3Y*: 27.63%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.59%

FLIN

• 1D: 0.67%
• 1M: 0.73%
• 6M: -5.45%
• YTD: -6.92%
• 1Y: -4.62%
• 3Y*: 5.63%
• 5Y*: 4.41%
• 10Y*: —
• ALL TIME*: 5.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FGDL Franklin Responsibly Sourced Gold ETF	$970.05K	$896.65K	$1.27M
FLIN Franklin FTSE India ETF	$24.21M	$28.81M	$28.13M

FGDL vs. FLIN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FGDL Franklin Responsibly Sourced Gold ETF	-6.34%	64.15%	27.31%	12.92%	0.72%
FLIN Franklin FTSE India ETF	-6.92%	2.40%	10.33%	20.58%	6.80%

Correlation

The correlation between FGDL and FLIN is 0.22, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.22
Correlation (3Y) Balances recent behavior with more history.	0.21
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.22

Return for Risk

FGDL vs. FLIN — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FGDL

FGDL Risk / Return Rank: 28
FGDL Sharpe Ratio Rank: 30
FGDL Sortino Ratio Rank: 29
FGDL Omega Ratio Rank: 32
FGDL Calmar Ratio Rank: 25
FGDL Martin Ratio Rank: 23

FLIN

FLIN Risk / Return Rank: 7
FLIN Sharpe Ratio Rank: 7
FLIN Sortino Ratio Rank: 7
FLIN Omega Ratio Rank: 7
FLIN Calmar Ratio Rank: 8
FLIN Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FGDL vs. FLIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and Franklin FTSE India ETF (FLIN). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FGDL	FLIN	Difference
Sharpe ratio: Return per unit of total volatility	0.73	-0.30	+1.04
Sortino ratio: Return per unit of downside risk	1.08	-0.33	+1.41
Omega ratio: Gain probability vs. loss probability	1.15	0.96	+0.19
Calmar ratio: Return relative to maximum drawdown	0.78	-0.25	+1.03
Martin ratio: Return relative to average drawdown	1.66	-0.57	+2.23

FGDL vs. FLIN - Sharpe Ratio Comparison

The current FGDL Sharpe Ratio is 0.73, which is higher than the FLIN Sharpe Ratio of -0.30. The chart below compares the historical Sharpe Ratios of FGDL and FLIN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FGDL vs. FLIN - Drawdown Comparison

The maximum FGDL drawdown since its inception was -26.58%, smaller than the maximum FLIN drawdown of -41.90%. Use the drawdown chart below to compare losses from any high point for FGDL and FLIN.

Drawdown Indicators

	FGDL	FLIN	Difference
Max Drawdown Largest peak-to-trough decline	-26.58%	-41.90%	+15.32%
Max Drawdown (1Y) Largest decline over 1 year	-26.58%	-18.25%	-8.33%
Max Drawdown (3Y) Largest decline over 3 years	-26.58%	-22.85%	-3.73%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.85%	—
Current Drawdown Current decline from peak	-25.16%	-14.31%	-10.85%
Average Drawdown Average peak-to-trough decline	-4.65%	-8.16%	+3.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.43%	8.19%	+4.24%

Volatility

FGDL vs. FLIN - Volatility Comparison

Franklin Responsibly Sourced Gold ETF (FGDL) has a higher volatility of 5.87% compared to Franklin FTSE India ETF (FLIN) at 4.09%. This indicates that FGDL's price experiences larger fluctuations and is considered to be riskier than FLIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGDL	FLIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	4.09%	+1.78%
Volatility (6M) Calculated over the trailing 6-month period	21.00%	13.22%	+7.78%
Volatility (1Y) Calculated over the trailing 1-year period	28.25%	15.41%	+12.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.39%	15.81%	+3.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	20.35%	-0.96%

FGDL vs. FLIN - Expense Ratio Comparison

FGDL has a 0.15% expense ratio, which is lower than FLIN's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FGDL vs. FLIN - Dividend Comparison

FGDL has not paid dividends to shareholders, while FLIN's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FGDL Franklin Responsibly Sourced Gold ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FLIN Franklin FTSE India ETF	0.42%	0.56%	1.58%	0.73%	0.73%	2.26%	0.68%	0.90%	0.92%

Frequently Asked Questions

Can I hold both FGDL and FLIN in my portfolio?

FGDL and FLIN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGDL or FLIN?

FGDL has higher volatility (5.87%) compared to FLIN (4.09%). In terms of maximum drawdown, FGDL dropped -26.58% vs FLIN's -41.90%.

Which ETF is better, FGDL or FLIN?

On 3-year performance, FGDL leads with 27.63% vs 5.63% for FLIN. On fees, FGDL is cheaper at 0.15% per year. On volatility, FLIN has been the lower-risk option at 4.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FGDL or FLIN?

Over the 3-year period, FGDL has performed better with a 27.63% return vs 5.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FGDL or FLIN?

FGDL is cheaper with a 0.15% expense ratio, compared with 0.19% for FLIN.

Which ETF pays a higher dividend yield, FGDL or FLIN?

FLIN has the higher dividend yield at 0.42%, compared with 0.00% for FGDL.

What is the main difference between FGDL and FLIN?

FGDL is categorized as Gold, while FLIN is India Equities. FGDL tracks LBMA Gold Price PM ($/ozt), while FLIN tracks FTSE India RIC Capped Index. Their fees differ too: 0.15% for FGDL and 0.19% for FLIN.

Which has better risk-adjusted returns?

FGDL currently has the higher Sharpe Ratio (0.73 vs -0.30), 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.