FGDL vs. QQQM
Compare and contrast key facts about Franklin Responsibly Sourced Gold ETF (FGDL) and Invesco NASDAQ 100 ETF (QQQM).
FGDL and QQQM 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both FGDL and QQQM 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 QQQM.
Key characteristics
| FGDL | QQQM | |
|---|---|---|
| YTD Return | 25.29% | 16.49% |
| 1Y Return | 35.37% | 26.97% |
| Sharpe Ratio | 2.49 | 1.57 |
| Daily Std Dev | 14.28% | 17.78% |
| Max Drawdown | -11.26% | -35.05% |
| Current Drawdown | 0.00% | -5.49% |
Correlation
The correlation between FGDL and QQQM is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FGDL vs. QQQM - Performance Comparison
In the year-to-date period, FGDL achieves a 25.29% return, which is significantly higher than QQQM's 16.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FGDL vs. QQQM - Expense Ratio Comparison
Both FGDL and QQQM have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
FGDL vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
FGDL has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.66%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.66% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
FGDL vs. QQQM - Drawdown Comparison
The maximum FGDL drawdown since its inception was -11.26%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for FGDL and QQQM. For additional features, visit the drawdowns tool.
Volatility
FGDL vs. QQQM - Volatility Comparison
The current volatility for Franklin Responsibly Sourced Gold ETF (FGDL) is 3.88%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 6.54%. This indicates that FGDL experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.