FGDL vs. RING
Compare and contrast key facts about Franklin Responsibly Sourced Gold ETF (FGDL) and iShares MSCI Global Gold Miners ETF (RING).
FGDL and RING 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. RING is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Gold Miners Investable Market Index. It was launched on Jan 31, 2012. Both FGDL and RING 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 RING.
Key characteristics
| FGDL | RING | |
|---|---|---|
| YTD Return | 25.29% | 36.65% |
| 1Y Return | 35.37% | 50.56% |
| Sharpe Ratio | 2.49 | 1.64 |
| Daily Std Dev | 14.28% | 32.11% |
| Max Drawdown | -11.26% | -79.47% |
| Current Drawdown | 0.00% | -24.87% |
Correlation
The correlation between FGDL and RING is 0.78, 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. RING - Performance Comparison
In the year-to-date period, FGDL achieves a 25.29% return, which is significantly lower than RING's 36.65% return. 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. RING - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is lower than RING's 0.39% expense ratio.
Risk-Adjusted Performance
FGDL vs. RING - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and iShares MSCI Global Gold Miners ETF (RING). 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. RING - Dividend Comparison
FGDL has not paid dividends to shareholders, while RING's dividend yield for the trailing twelve months is around 1.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
RING iShares MSCI Global Gold Miners ETF | 1.40% | 2.01% | 2.29% | 2.38% | 0.83% | 0.83% | 0.70% | 0.42% | 1.41% | 0.96% | 0.85% | 1.48% |
Drawdowns
FGDL vs. RING - Drawdown Comparison
The maximum FGDL drawdown since its inception was -11.26%, smaller than the maximum RING drawdown of -79.47%. Use the drawdown chart below to compare losses from any high point for FGDL and RING. For additional features, visit the drawdowns tool.
Volatility
FGDL vs. RING - Volatility Comparison
The current volatility for Franklin Responsibly Sourced Gold ETF (FGDL) is 3.88%, while iShares MSCI Global Gold Miners ETF (RING) has a volatility of 9.25%. This indicates that FGDL experiences smaller price fluctuations and is considered to be less risky than RING based on this measure. The chart below showcases a comparison of their rolling one-month volatility.