FGDL vs. IAUM
Compare and contrast key facts about Franklin Responsibly Sourced Gold ETF (FGDL) and iShares Gold Trust Micro (IAUM).
FGDL and IAUM 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 Templeton that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jun 15, 2021. Both FGDL and IAUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FGDL vs. IAUM - Performance Comparison
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FGDL vs. IAUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 10.02% | 64.15% | 27.31% | 12.92% | 0.91% |
IAUM iShares Gold Trust Micro | 10.49% | 64.27% | 27.04% | 13.12% | 0.83% |
Returns By Period
The year-to-date returns for both investments are quite close, with FGDL having a 10.02% return and IAUM slightly higher at 10.49%.
FGDL
- 1D
- 1.93%
- 1M
- -10.91%
- YTD
- 10.02%
- 6M
- 22.55%
- 1Y
- 52.44%
- 3Y*
- 33.96%
- 5Y*
- —
- 10Y*
- —
IAUM
- 1D
- 1.71%
- 1M
- -10.65%
- YTD
- 10.49%
- 6M
- 23.22%
- 1Y
- 52.68%
- 3Y*
- 34.12%
- 5Y*
- —
- 10Y*
- —
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FGDL vs. IAUM - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is higher than IAUM's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FGDL vs. IAUM — Risk / Return Rank
FGDL
IAUM
FGDL vs. IAUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) 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.
| FGDL | IAUM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 1.92 | -0.04 |
Sortino ratioReturn per unit of downside risk | 2.29 | 2.35 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.74 | -0.06 |
Martin ratioReturn relative to average drawdown | 9.56 | 10.02 | -0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGDL | IAUM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.92 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.55 | 1.31 | +0.24 |
Correlation
The correlation between FGDL and IAUM is 0.99, 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.
Dividends
FGDL vs. IAUM - Dividend Comparison
Neither FGDL nor IAUM has paid dividends to shareholders.
Drawdowns
FGDL vs. IAUM - Drawdown Comparison
The maximum FGDL drawdown since its inception was -19.23%, smaller than the maximum IAUM drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for FGDL and IAUM.
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Drawdown Indicators
| FGDL | IAUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -20.87% | +1.64% |
Max Drawdown (1Y)Largest decline over 1 year | -19.23% | -19.15% | -0.08% |
Current DrawdownCurrent decline from peak | -12.10% | -11.69% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -4.99% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.39% | 5.23% | +0.16% |
Volatility
FGDL vs. IAUM - Volatility Comparison
Franklin Responsibly Sourced Gold ETF (FGDL) and iShares Gold Trust Micro (IAUM) have volatilities of 10.10% and 10.38%, 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.
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Volatility by Period
| FGDL | IAUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 10.38% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 24.42% | 24.00% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.02% | 27.53% | +0.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.97% | 17.79% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.97% | 17.79% | +1.18% |