FGDL vs. FLMX
FGDL (Franklin Responsibly Sourced Gold ETF) and FLMX (Franklin FTSE Mexico ETF) are both exchange-traded funds - FGDL is a Precious Metals fund tracking the LBMA Gold Price PM ($/ozt), while FLMX is a Latin America Equities fund tracking the FTSE Mexico RIC Capped Index. Both are passively managed. Over the past 3 years, FGDL returned 31.32%/yr vs 12.22%/yr for FLMX. At a 0.28 correlation, their price movements are largely independent. FGDL charges 0.15%/yr vs 0.19%/yr for FLMX.
Performance
FGDL vs. FLMX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FGDL achieves a 2.43% return, which is significantly lower than FLMX's 12.58% return.
FGDL
- 1D
- -1.09%
- 1M
- -1.94%
- YTD
- 2.43%
- 6M
- 4.89%
- 1Y
- 31.70%
- 3Y*
- 31.32%
- 5Y*
- —
- 10Y*
- —
FLMX
- 1D
- -1.19%
- 1M
- 3.10%
- YTD
- 12.58%
- 6M
- 15.98%
- 1Y
- 33.82%
- 3Y*
- 12.22%
- 5Y*
- 13.19%
- 10Y*
- —
FGDL vs. FLMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 2.43% | 64.15% | 27.31% | 12.92% | 0.91% |
FLMX Franklin FTSE Mexico ETF | 12.58% | 53.62% | -28.45% | 39.35% | 8.32% |
Correlation
The correlation between FGDL and FLMX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.28 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FGDL vs. FLMX — Risk / Return Rank
FGDL
FLMX
FGDL vs. FLMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and Franklin FTSE Mexico ETF (FLMX). 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.
| FGDL | FLMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.29 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 2.40 | -0.74 |
| Martin ratioReturn relative to average drawdown | 4.03 | 8.73 | -4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FGDL | FLMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 1.63 | -0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.35 | 0.33 | +1.02 |
Drawdowns
FGDL vs. FLMX - Drawdown Comparison
The maximum FGDL drawdown since its inception was -19.23%, smaller than the maximum FLMX drawdown of -50.05%. Use the drawdown chart below to compare losses from any high point for FGDL and FLMX.
Loading charts...
Drawdown Indicators
| FGDL | FLMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -50.05% | +30.82% |
Max Drawdown (1Y)Largest decline over 1 year | -19.23% | -14.18% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -19.23% | -31.72% | +12.49% |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.72% | — |
Current DrawdownCurrent decline from peak | -18.16% | -4.31% | -13.85% |
Average DrawdownAverage peak-to-trough decline | -3.83% | -12.05% | +8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.88% | 3.89% | +3.99% |
Volatility
FGDL vs. FLMX - Volatility Comparison
Franklin Responsibly Sourced Gold ETF (FGDL) and Franklin FTSE Mexico ETF (FLMX) have volatilities of 5.61% and 5.79%, 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.
Loading charts...
Volatility by Period
| FGDL | FLMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 5.79% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 23.18% | 17.46% | +5.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.78% | 20.87% | +5.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.03% | 21.97% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.03% | 24.67% | -5.64% |
FGDL vs. FLMX - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is lower than FLMX'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. FLMX - Dividend Comparison
FGDL has not paid dividends to shareholders, while FLMX's dividend yield for the trailing twelve months is around 3.54%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLMX Franklin FTSE Mexico ETF | 3.54% | 3.99% | 3.31% | 2.90% | 4.22% | 3.15% | 1.48% | 2.95% | 2.51% | 0.31% |
Frequently Asked Questions
FGDL and FLMX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLMX has higher volatility (5.79%) compared to FGDL (5.61%). In terms of maximum drawdown, FGDL dropped -19.23% vs FLMX's -50.05%.
On 3-year performance, FGDL leads with 31.32% vs 12.22% for FLMX. On fees, FGDL is cheaper at 0.15% per year. On volatility, FGDL has been the lower-risk option at 5.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FGDL has performed better with a 31.32% return vs 12.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FGDL is cheaper with a 0.15% expense ratio, compared with 0.19% for FLMX.
FLMX has the higher dividend yield at 3.54%, compared with 0.00% for FGDL.
FGDL is categorized as Precious Metals, while FLMX is Latin America Equities. FGDL tracks LBMA Gold Price PM ($/ozt), while FLMX tracks FTSE Mexico RIC Capped Index. Their fees differ too: 0.15% for FGDL and 0.19% for FLMX.
FLMX currently has the higher Sharpe Ratio (1.63 vs 1.19), 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.
Find the right allocation for FGDL and FLMX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer