FGPMX vs. MIDSX

Last updated Apr 1, 2026

Compare and contrast key facts about Franklin Gold and Precious Metals Fund Class R6 (FGPMX) and Midas Fund (MIDSX).

FGPMX is an actively managed fund by Franklin Templeton. It was launched on May 1, 2013. MIDSX is managed by Midas. It was launched on Jan 7, 1986.

Performance

FGPMX vs. MIDSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Gold and Precious Metals Fund Class R6 (FGPMX) and Midas Fund (MIDSX). The values are adjusted to include any dividend payments, if applicable.

FGPMX vs. MIDSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGPMX Franklin Gold and Precious Metals Fund Class R6	-2.15%	197.33%	18.11%	2.35%	-23.15%	-3.66%	44.76%	52.07%	-17.76%	-10.66%
MIDSX Midas Fund	3.72%	195.76%	7.27%	-1.79%	-11.11%	-19.23%	10.64%	30.56%	-12.90%	-0.00%

Returns By Period

In the year-to-date period, FGPMX achieves a -2.15% return, which is significantly lower than MIDSX's 3.72% return.

FGPMX

• 1D: -0.10%
• 1M: -26.96%
• YTD: -2.15%
• 6M: 21.03%
• 1Y: 105.78%
• 3Y*: 47.68%
• 5Y*: 23.78%
• 10Y*: —

MIDSX

• 1D: -0.28%
• 1M: -25.21%
• YTD: 3.72%
• 6M: 23.13%
• 1Y: 115.48%
• 3Y*: 44.09%
• 5Y*: 22.92%
• 10Y*: 13.28%

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

FGPMX vs. MIDSX - Expense Ratio Comparison

FGPMX has a 0.54% expense ratio, which is lower than MIDSX's 4.25% expense ratio.

MIDSX

Midas Fund

FGPMX

Franklin Gold and Precious Metals Fund Class R6

Return for Risk

FGPMX vs. MIDSX — Risk / Return Rank

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

FGPMX

FGPMX Risk / Return Rank: 94
FGPMX Sharpe Ratio Rank: 97
FGPMX Sortino Ratio Rank: 92
FGPMX Omega Ratio Rank: 89
FGPMX Calmar Ratio Rank: 95
FGPMX Martin Ratio Rank: 95

MIDSX

MIDSX Risk / Return Rank: 95
MIDSX Sharpe Ratio Rank: 97
MIDSX Sortino Ratio Rank: 92
MIDSX Omega Ratio Rank: 91
MIDSX Calmar Ratio Rank: 97
MIDSX Martin Ratio Rank: 96

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.

FGPMX vs. MIDSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Gold and Precious Metals Fund Class R6 (FGPMX) and Midas Fund (MIDSX). 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.

	FGPMX	MIDSX	Difference
Sharpe ratio Return per unit of total volatility	2.53	2.65	-0.13
Sortino ratio Return per unit of downside risk	2.76	2.73	+0.03
Omega ratio Gain probability vs. loss probability	1.39	1.42	-0.03
Calmar ratio Return relative to maximum drawdown	3.42	3.91	-0.49
Martin ratio Return relative to average drawdown	12.94	14.42	-1.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGPMX vs. MIDSX - Sharpe Ratio Comparison

The current FGPMX Sharpe Ratio is 2.53, which is comparable to the MIDSX Sharpe Ratio of 2.65. The chart below compares the historical Sharpe Ratios of FGPMX and MIDSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FGPMX	MIDSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.53	2.65	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.68	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	-0.01	+0.55

Correlation

The correlation between FGPMX and MIDSX is 0.92, 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

FGPMX vs. MIDSX - Dividend Comparison

FGPMX's dividend yield for the trailing twelve months is around 9.89%, while MIDSX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FGPMX Franklin Gold and Precious Metals Fund Class R6	9.89%	9.67%	12.41%	3.18%	0.00%	8.79%	10.04%	0.00%	0.00%	0.82%
MIDSX Midas Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FGPMX vs. MIDSX - Drawdown Comparison

The maximum FGPMX drawdown since its inception was -48.71%, smaller than the maximum MIDSX drawdown of -89.77%. Use the drawdown chart below to compare losses from any high point for FGPMX and MIDSX.

Drawdown Indicators

	FGPMX	MIDSX	Difference
Max Drawdown Largest peak-to-trough decline	-48.71%	-89.77%	+41.06%
Max Drawdown (1Y) Largest decline over 1 year	-31.14%	-30.18%	-0.96%
Max Drawdown (5Y) Largest decline over 5 years	-48.71%	-48.48%	-0.23%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.07%	—
Current Drawdown Current decline from peak	-27.31%	-40.30%	+12.99%
Average Drawdown Average peak-to-trough decline	-17.88%	-63.68%	+45.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.24%	8.19%	+0.05%

Volatility

FGPMX vs. MIDSX - Volatility Comparison

Franklin Gold and Precious Metals Fund Class R6 (FGPMX) and Midas Fund (MIDSX) have volatilities of 15.80% and 15.85%, 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.

Volatility by Period

	FGPMX	MIDSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.80%	15.85%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	34.38%	36.12%	-1.74%
Volatility (1Y) Calculated over the trailing 1-year period	42.41%	44.35%	-1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.94%	33.89%	-0.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.07%	33.34%	-1.27%