FLIA vs. FGDL
FLIA (Franklin Liberty International Aggregate Bond ETF) and FGDL (Franklin Responsibly Sourced Gold ETF) are both exchange-traded funds - FLIA is a International Government Bonds fund actively managed by Franklin Templeton, while FGDL is a Precious Metals fund tracking the LBMA Gold Price PM ($/ozt). FLIA is actively managed, while FGDL is passively managed. Over the past 3 years, FLIA returned 3.38%/yr vs 31.32%/yr for FGDL. At a 0.22 correlation, their price movements are largely independent. FLIA charges 0.25%/yr vs 0.15%/yr for FGDL.
Performance
FLIA vs. FGDL - Performance Comparison
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Returns By Period
In the year-to-date period, FLIA achieves a 1.03% return, which is significantly lower than FGDL's 2.43% return.
FLIA
- 1D
- -0.20%
- 1M
- 0.78%
- YTD
- 1.03%
- 6M
- 0.59%
- 1Y
- 2.12%
- 3Y*
- 3.38%
- 5Y*
- 0.89%
- 10Y*
- —
FGDL
- 1D
- -1.09%
- 1M
- -1.94%
- YTD
- 2.43%
- 6M
- 4.89%
- 1Y
- 31.70%
- 3Y*
- 31.32%
- 5Y*
- —
- 10Y*
- —
FLIA vs. FGDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLIA Franklin Liberty International Aggregate Bond ETF | 1.03% | 2.12% | 2.42% | 7.17% | -2.29% |
FGDL Franklin Responsibly Sourced Gold ETF | 2.43% | 64.15% | 27.31% | 12.92% | 0.91% |
Correlation
The correlation between FLIA and FGDL is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2022 | 0.22 |
The correlation between FLIA and FGDL shifts across timeframes, from 0.15 (3 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLIA vs. FGDL — Risk / Return Rank
FLIA
FGDL
FLIA vs. FGDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Liberty International Aggregate Bond ETF (FLIA) and Franklin Responsibly Sourced Gold ETF (FGDL). 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.
| FLIA | FGDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.04 | 1.66 | -0.61 |
| Martin ratioReturn relative to average drawdown | 2.77 | 4.03 | -1.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLIA | FGDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.64 | 1.19 | -0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 1.35 | -1.12 |
Drawdowns
FLIA vs. FGDL - Drawdown Comparison
The maximum FLIA drawdown since its inception was -11.24%, smaller than the maximum FGDL drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for FLIA and FGDL.
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Drawdown Indicators
| FLIA | FGDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.24% | -19.23% | +7.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.04% | -19.23% | +17.19% |
Max Drawdown (3Y)Largest decline over 3 years | -2.77% | -19.23% | +16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | — | — |
Current DrawdownCurrent decline from peak | -0.79% | -18.16% | +17.37% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -3.83% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 7.88% | -7.11% |
Volatility
FLIA vs. FGDL - Volatility Comparison
The current volatility for Franklin Liberty International Aggregate Bond ETF (FLIA) is 1.18%, while Franklin Responsibly Sourced Gold ETF (FGDL) has a volatility of 5.61%. This indicates that FLIA experiences smaller price fluctuations and is considered to be less risky than FGDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLIA | FGDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 5.61% | -4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 23.18% | -20.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 26.78% | -23.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.42% | 19.03% | -14.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.71% | 19.03% | -14.32% |
FLIA vs. FGDL - Expense Ratio Comparison
FLIA has a 0.25% expense ratio, which is higher than FGDL's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLIA vs. FGDL - Dividend Comparison
FLIA's dividend yield for the trailing twelve months is around 2.70%, while FGDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLIA Franklin Liberty International Aggregate Bond ETF | 2.70% | 2.62% | 2.97% | 0.93% | 18.12% | 2.26% | 0.43% | 2.93% | 1.23% |
Frequently Asked Questions
FLIA and FGDL have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FGDL has higher volatility (5.61%) compared to FLIA (1.18%). In terms of maximum drawdown, FLIA dropped -11.24% vs FGDL's -19.23%.
On 3-year performance, FGDL leads with 31.32% vs 3.38% for FLIA. On fees, FGDL is cheaper at 0.15% per year. On volatility, FLIA has been the lower-risk option at 1.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FGDL has performed better with a 31.32% return vs 3.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FGDL is cheaper with a 0.15% expense ratio, compared with 0.25% for FLIA.
FLIA has the higher dividend yield at 2.70%, compared with 0.00% for FGDL.
FLIA is categorized as International Government Bonds, while FGDL is Precious Metals. Their fees differ too: 0.25% for FLIA and 0.15% for FGDL.
FGDL currently has the higher Sharpe Ratio (1.19 vs 0.64), 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.
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