FGDL vs. IAUF
Compare and contrast key facts about Franklin Responsibly Sourced Gold ETF (FGDL) and iShares Gold Strategy ETF (IAUF).
FGDL and IAUF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGDL is a passively managed fund by Franklin that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022. IAUF is a passively managed fund by iShares that tracks the performance of the Bloomberg Composite Gold Index. It was launched on Jun 6, 2018. Both FGDL and IAUF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FGDL or IAUF.
Key characteristics
| FGDL | IAUF |
|---|
Correlation
The correlation between FGDL and IAUF is 0.93, 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
FGDL vs. IAUF - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FGDL vs. IAUF - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is lower than IAUF's 0.25% 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%.
Risk-Adjusted Performance
FGDL vs. IAUF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and iShares Gold Strategy ETF (IAUF). 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
FGDL vs. IAUF - Dividend Comparison
Neither FGDL nor IAUF has paid dividends to shareholders.
| TTM | 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% |
IAUF iShares Gold Strategy ETF | 111.57% | 13.18% | 0.88% | 0.00% | 7.61% | 10.04% | 0.77% |
Drawdowns
FGDL vs. IAUF - Drawdown Comparison
Volatility
FGDL vs. IAUF - Volatility Comparison
Franklin Responsibly Sourced Gold ETF (FGDL) has a higher volatility of 3.88% compared to iShares Gold Strategy ETF (IAUF) at 0.00%. This indicates that FGDL's price experiences larger fluctuations and is considered to be riskier than IAUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.