FGDL vs. IGLD

Last updated Jun 4, 2026

FGDL (Franklin Responsibly Sourced Gold ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both Precious Metals funds. FGDL is passively managed, while IGLD is actively managed. Over the past 3 years, FGDL returned 31.32%/yr vs 23.01%/yr for IGLD. Their correlation of 0.91 suggests significant overlap in exposure. FGDL charges 0.15%/yr vs 0.85%/yr for IGLD.

Performance

FGDL vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Responsibly Sourced Gold ETF (FGDL) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FGDL achieves a 2.43% return, which is significantly higher than IGLD's 1.69% return.

FGDL

• 1D: -1.09%
• 1M: -1.94%
• YTD: 2.43%
• 6M: 4.89%
• 1Y: 31.70%
• 3Y*: 31.32%
• 5Y*: —
• 10Y*: —

IGLD

• 1D: -0.81%
• 1M: -1.33%
• YTD: 1.69%
• 6M: 4.44%
• 1Y: 24.53%
• 3Y*: 23.01%
• 5Y*: 13.02%
• 10Y*: —

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

FGDL vs. IGLD - 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%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	1.69%	47.46%	19.36%	9.24%	-1.33%

Correlation

The correlation between FGDL and IGLD is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022	0.91

The correlation between FGDL and IGLD has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

FGDL vs. IGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FGDL

FGDL Risk / Return Rank: 31
FGDL Sharpe Ratio Rank: 32
FGDL Sortino Ratio Rank: 29
FGDL Omega Ratio Rank: 35
FGDL Calmar Ratio Rank: 33
FGDL Martin Ratio Rank: 28

IGLD

IGLD Risk / Return Rank: 28
IGLD Sharpe Ratio Rank: 28
IGLD Sortino Ratio Rank: 27
IGLD Omega Ratio Rank: 32
IGLD Calmar Ratio Rank: 28
IGLD Martin Ratio Rank: 27

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.

FGDL vs. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). 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	IGLD	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.06	+0.13
Sortino ratio: Return per unit of downside risk	1.57	1.47	+0.10
Omega ratio: Gain probability vs. loss probability	1.24	1.22	+0.01
Calmar ratio: Return relative to maximum drawdown	1.66	1.40	+0.25
Martin ratio: Return relative to average drawdown	4.03	3.82	+0.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGDL vs. IGLD - Sharpe Ratio Comparison

The current FGDL Sharpe Ratio is 1.19, which is comparable to the IGLD Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of FGDL and IGLD, 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

	FGDL	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	1.06	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.35	0.94	+0.41

Drawdowns

FGDL vs. IGLD - Drawdown Comparison

The maximum FGDL drawdown since its inception was -19.23%, roughly equal to the maximum IGLD drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FGDL and IGLD.

Drawdown Indicators

	FGDL	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-19.23%	-18.59%	-0.64%
Max Drawdown (1Y) Largest decline over 1 year	-19.23%	-17.56%	-1.67%
Max Drawdown (3Y) Largest decline over 3 years	-19.23%	-17.56%	-1.67%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.59%	—
Current Drawdown Current decline from peak	-18.16%	-15.16%	-3.00%
Average Drawdown Average peak-to-trough decline	-3.83%	-5.24%	+1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.88%	6.43%	+1.45%

Volatility

FGDL vs. IGLD - Volatility Comparison

Franklin Responsibly Sourced Gold ETF (FGDL) has a higher volatility of 5.61% compared to FT Cboe Vest Gold Strategy Target Income ETF (IGLD) at 5.12%. This indicates that FGDL's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FGDL	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.61%	5.12%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	23.18%	21.01%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	26.78%	23.24%	+3.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.03%	15.17%	+3.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.03%	15.00%	+4.03%

FGDL vs. IGLD - Expense Ratio Comparison

FGDL has a 0.15% expense ratio, which is lower than IGLD's 0.85% expense ratio.

Dividends

FGDL vs. IGLD - Dividend Comparison

FGDL has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 17.92%.

Position	TTM	2025	2024	2023	2022	2021
FGDL Franklin Responsibly Sourced Gold ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	17.92%	9.91%	20.81%	7.85%	4.45%	2.24%

Frequently Asked Questions

Can I hold both FGDL and IGLD in my portfolio?

With a correlation of 0.93, FGDL and IGLD 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, FGDL or IGLD?

FGDL has higher volatility (5.61%) compared to IGLD (5.12%). In terms of maximum drawdown, FGDL dropped -19.23% vs IGLD's -18.59%.

Which ETF is better, FGDL or IGLD?

On 3-year performance, FGDL leads with 31.32% vs 23.01% for IGLD. On fees, FGDL is cheaper at 0.15% per year. On volatility, IGLD has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FGDL or IGLD?

Over the 3-year period, FGDL has performed better with a 31.32% return vs 23.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FGDL or IGLD?

FGDL is cheaper with a 0.15% expense ratio, compared with 0.85% for IGLD.

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

IGLD has the higher dividend yield at 17.92%, compared with 0.00% for FGDL.

What is the main difference between FGDL and IGLD?

They also come from different issuers: Franklin Templeton and First Trust. Their fees differ too: 0.15% for FGDL and 0.85% for IGLD.

Which has better risk-adjusted returns?

FGDL currently has the higher Sharpe Ratio (1.19 vs 1.06), 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.