GLD vs. FFONX

Last updated Jun 13, 2026

GLD (SPDR Gold Shares) and FFONX (Fidelity Advisor Technology Fund Class A) are both funds - GLD is a Gold fund tracking the LBMA Gold Price PM, while FFONX is a Technology Equities fund actively managed by Fidelity. GLD is passively managed, while FFONX is actively managed. At a 0.45 correlation, their price movements are largely independent. GLD charges 0.40%/yr vs 0.89%/yr for FFONX.

Performance

GLD vs. FFONX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Gold Shares (GLD) and Fidelity Advisor Technology Fund Class A (FFONX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GLD

• 1D: 0.06%
• 1M: -10.21%
• YTD: -2.47%
• 6M: -2.25%
• 1Y: 23.81%
• 3Y*: 28.89%
• 5Y*: 17.08%
• 10Y*: 12.15%

FFONX

• 1D: 0.00%
• 1M: 6.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLD vs. FFONX - Yearly Performance Comparison

	2026 (YTD)
GLD SPDR Gold Shares	-16.12%
FFONX Fidelity Advisor Technology Fund Class A	38.63%

Correlation

The correlation between GLD and FFONX is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 16, 2026	0.45

Return for Risk

GLD vs. FFONX — Risk / Return Rank

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

GLD

GLD Risk / Return Rank: 26
GLD Sharpe Ratio Rank: 27
GLD Sortino Ratio Rank: 25
GLD Omega Ratio Rank: 30
GLD Calmar Ratio Rank: 24
GLD Martin Ratio Rank: 24

FFONX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GLD vs. FFONX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) and Fidelity Advisor Technology Fund Class A (FFONX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GLD	FFONX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	—	—
Sortino ratio: Return per unit of downside risk	1.24	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	0.98	—	—
Martin ratio: Return relative to average drawdown	2.81	—	—

Drawdowns

GLD vs. FFONX - Drawdown Comparison

The maximum GLD drawdown since its inception was -45.56%, which is greater than FFONX's maximum drawdown of -10.06%. Use the drawdown chart below to compare losses from any high point for GLD and FFONX.

Drawdown Indicators

	GLD	FFONX	Difference
Max Drawdown Largest peak-to-trough decline	-45.56%	-10.06%	-35.50%
Max Drawdown (1Y) Largest decline over 1 year	-24.46%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-24.46%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-24.46%	—	—
Current Drawdown Current decline from peak	-22.05%	-6.74%	-15.31%
Average Drawdown Average peak-to-trough decline	-16.16%	-1.54%	-14.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.49%	—	—

Volatility

Volatility by Period

	GLD	FFONX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	24.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.37%	29.48%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.22%	29.48%	-11.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.08%	29.48%	-13.40%

GLD vs. FFONX - Expense Ratio Comparison

GLD has a 0.40% expense ratio, which is lower than FFONX's 0.89% expense ratio.

Dividends

GLD vs. FFONX - Dividend Comparison

GLD has not paid dividends to shareholders, while FFONX's dividend yield for the trailing twelve months is around 2.56%.

Position	TTM
FFONX Fidelity Advisor Technology Fund Class A	2.56%
GLD SPDR Gold Shares	0.00%

Frequently Asked Questions

Can I hold both GLD and FFONX in my portfolio?

GLD and FFONX have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.