FSAGX vs. IAUM

Last updated Apr 2, 2026

Compare and contrast key facts about Fidelity Select Gold Portfolio (FSAGX) and iShares Gold Trust Micro (IAUM).

FSAGX is managed by Fidelity. It was launched on Dec 15, 1985. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price. It was launched on Jun 15, 2021.

Performance

FSAGX vs. IAUM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Select Gold Portfolio (FSAGX) and iShares Gold Trust Micro (IAUM). The values are adjusted to include any dividend payments, if applicable.

FSAGX vs. IAUM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSAGX Fidelity Select Gold Portfolio	9.10%	143.05%	14.97%	-0.37%	-13.46%	-4.83%
IAUM iShares Gold Trust Micro	10.49%	64.27%	27.04%	13.12%	-0.49%	3.87%

Returns By Period

In the year-to-date period, FSAGX achieves a 9.10% return, which is significantly lower than IAUM's 10.49% return.

FSAGX

• 1D: 7.16%
• 1M: -20.09%
• YTD: 9.10%
• 6M: 21.69%
• 1Y: 97.87%
• 3Y*: 39.63%
• 5Y*: 20.99%
• 10Y*: 14.83%

IAUM

• 1D: 1.71%
• 1M: -10.65%
• YTD: 10.49%
• 6M: 23.22%
• 1Y: 52.68%
• 3Y*: 34.12%
• 5Y*: —
• 10Y*: —

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

FSAGX vs. IAUM - Expense Ratio Comparison

FSAGX has a 0.76% expense ratio, which is higher than IAUM's 0.09% expense ratio.

FSAGX

Fidelity Select Gold Portfolio

IAUM

iShares Gold Trust Micro

Return for Risk

FSAGX vs. IAUM — Risk / Return Rank

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

FSAGX

FSAGX Risk / Return Rank: 92
FSAGX Sharpe Ratio Rank: 95
FSAGX Sortino Ratio Rank: 89
FSAGX Omega Ratio Rank: 87
FSAGX Calmar Ratio Rank: 95
FSAGX Martin Ratio Rank: 94

IAUM

IAUM Risk / Return Rank: 86
IAUM Sharpe Ratio Rank: 88
IAUM Sortino Ratio Rank: 85
IAUM Omega Ratio Rank: 85
IAUM Calmar Ratio Rank: 86
IAUM Martin Ratio Rank: 84

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.

FSAGX vs. IAUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Select Gold Portfolio (FSAGX) and iShares Gold Trust Micro (IAUM). 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.

	FSAGX	IAUM	Difference
Sharpe ratio Return per unit of total volatility	2.28	1.92	+0.36
Sortino ratio Return per unit of downside risk	2.50	2.35	+0.14
Omega ratio Gain probability vs. loss probability	1.38	1.35	+0.03
Calmar ratio Return relative to maximum drawdown	3.32	2.74	+0.59
Martin ratio Return relative to average drawdown	12.32	10.02	+2.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSAGX vs. IAUM - Sharpe Ratio Comparison

The current FSAGX Sharpe Ratio is 2.28, which is comparable to the IAUM Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of FSAGX and IAUM, 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

	FSAGX	IAUM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.92	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	1.31	-1.08

Correlation

The correlation between FSAGX and IAUM is 0.77, 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

FSAGX vs. IAUM - Dividend Comparison

FSAGX's dividend yield for the trailing twelve months is around 1.99%, while IAUM has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FSAGX Fidelity Select Gold Portfolio	1.99%	2.17%	3.62%	0.99%	0.36%	1.60%	4.40%	0.40%	0.00%	0.22%	3.57%
IAUM iShares Gold Trust Micro	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

FSAGX vs. IAUM - Drawdown Comparison

The maximum FSAGX drawdown since its inception was -77.21%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for FSAGX and IAUM.

Drawdown Indicators

	FSAGX	IAUM	Difference
Max Drawdown Largest peak-to-trough decline	-77.21%	-20.87%	-56.34%
Max Drawdown (1Y) Largest decline over 1 year	-29.85%	-19.15%	-10.70%
Max Drawdown (5Y) Largest decline over 5 years	-45.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.57%	—	—
Current Drawdown Current decline from peak	-20.11%	-11.69%	-8.42%
Average Drawdown Average peak-to-trough decline	-33.41%	-4.99%	-28.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.05%	5.23%	+2.82%

Volatility

FSAGX vs. IAUM - Volatility Comparison

Fidelity Select Gold Portfolio (FSAGX) has a higher volatility of 17.46% compared to iShares Gold Trust Micro (IAUM) at 10.38%. This indicates that FSAGX's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSAGX	IAUM	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.46%	10.38%	+7.08%
Volatility (6M) Calculated over the trailing 6-month period	35.68%	24.00%	+11.68%
Volatility (1Y) Calculated over the trailing 1-year period	43.20%	27.53%	+15.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.90%	17.79%	+15.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.13%	17.79%	+15.34%