FGDL vs. USL
Compare and contrast key facts about Franklin Responsibly Sourced Gold ETF (FGDL) and United States 12 Month Oil Fund LP (USL).
FGDL and USL 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. USL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Light Sweet Crude Oil. It was launched on Dec 6, 2007. Both FGDL and USL 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 USL.
Key characteristics
| FGDL | USL | |
|---|---|---|
| YTD Return | 25.29% | 1.54% |
| 1Y Return | 35.37% | -12.69% |
| Sharpe Ratio | 2.49 | -0.49 |
| Daily Std Dev | 14.28% | 23.02% |
| Max Drawdown | -11.26% | -89.06% |
| Current Drawdown | 0.00% | -59.42% |
Correlation
The correlation between FGDL and USL is 0.18, 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. USL - Performance Comparison
In the year-to-date period, FGDL achieves a 25.29% return, which is significantly higher than USL's 1.54% 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. USL - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is lower than USL's 0.88% expense ratio.
Risk-Adjusted Performance
FGDL vs. USL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) and United States 12 Month Oil Fund LP (USL). 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. USL - Dividend Comparison
Neither FGDL nor USL has paid dividends to shareholders.
Drawdowns
FGDL vs. USL - Drawdown Comparison
The maximum FGDL drawdown since its inception was -11.26%, smaller than the maximum USL drawdown of -89.06%. Use the drawdown chart below to compare losses from any high point for FGDL and USL. For additional features, visit the drawdowns tool.
Volatility
FGDL vs. USL - Volatility Comparison
The current volatility for Franklin Responsibly Sourced Gold ETF (FGDL) is 3.88%, while United States 12 Month Oil Fund LP (USL) has a volatility of 7.84%. This indicates that FGDL experiences smaller price fluctuations and is considered to be less risky than USL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.