INIVX vs. FIJDX

Last updated Jun 24, 2026

INIVX (VanEck International Investors Gold Fund) and FIJDX (Fidelity Advisor Gold Fund Class Z) are both Gold funds. Over the past 5 years, INIVX returned 22.39%/yr vs 17.10%/yr for FIJDX. With a 0.97 correlation, they move nearly in lockstep. INIVX charges 1.42%/yr vs 0.60%/yr for FIJDX.

Performance

INIVX vs. FIJDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck International Investors Gold Fund (INIVX) and Fidelity Advisor Gold Fund Class Z (FIJDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, INIVX achieves a 0.65% return, which is significantly higher than FIJDX's -2.05% return.

INIVX

• 1D: -0.79%
• 1M: -2.96%
• YTD: 0.65%
• 6M: -3.95%
• 1Y: 67.56%
• 3Y*: 48.14%
• 5Y*: 22.39%
• 10Y*: 13.79%

FIJDX

• 1D: -0.85%
• 1M: -3.06%
• YTD: -2.05%
• 6M: -6.85%
• 1Y: 50.49%
• 3Y*: 40.75%
• 5Y*: 17.10%
• 10Y*: —

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

INIVX vs. FIJDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
INIVX VanEck International Investors Gold Fund	0.65%	165.88%	14.37%	9.67%	-13.77%	-14.23%	40.91%	38.15%	0.61%
FIJDX Fidelity Advisor Gold Fund Class Z	-2.05%	143.25%	15.10%	-0.26%	-13.32%	-10.33%	27.00%	35.74%	4.09%

Correlation

The correlation between INIVX and FIJDX is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018	0.97

The correlation between INIVX and FIJDX has been stable across timeframes, ranging from 0.96 to 0.99 - a consistent structural relationship.

Return for Risk

INIVX vs. FIJDX — Risk / Return Rank

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

INIVX

INIVX Risk / Return Rank: 29
INIVX Sharpe Ratio Rank: 31
INIVX Sortino Ratio Rank: 24
INIVX Omega Ratio Rank: 31
INIVX Calmar Ratio Rank: 34
INIVX Martin Ratio Rank: 26

FIJDX

FIJDX Risk / Return Rank: 18
FIJDX Sharpe Ratio Rank: 19
FIJDX Sortino Ratio Rank: 17
FIJDX Omega Ratio Rank: 21
FIJDX Calmar Ratio Rank: 19
FIJDX Martin Ratio Rank: 16

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.

INIVX vs. FIJDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck International Investors Gold Fund (INIVX) and Fidelity Advisor Gold Fund Class Z (FIJDX). 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.

	INIVX	FIJDX	Difference
Sharpe ratio: Return per unit of total volatility	1.49	1.15	+0.34
Sortino ratio: Return per unit of downside risk	1.88	1.57	+0.31
Omega ratio: Gain probability vs. loss probability	1.27	1.22	+0.05
Calmar ratio: Return relative to maximum drawdown	2.07	1.47	+0.60
Martin ratio: Return relative to average drawdown	5.71	3.96	+1.75

INIVX vs. FIJDX - Sharpe Ratio Comparison

The current INIVX Sharpe Ratio is 1.49, which is comparable to the FIJDX Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of INIVX and FIJDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

INIVX vs. FIJDX - Drawdown Comparison

The maximum INIVX drawdown since its inception was -78.96%, which is greater than FIJDX's maximum drawdown of -50.43%. Use the drawdown chart below to compare losses from any high point for INIVX and FIJDX.

Drawdown Indicators

	INIVX	FIJDX	Difference
Max Drawdown Largest peak-to-trough decline	-78.96%	-50.43%	-28.53%
Max Drawdown (1Y) Largest decline over 1 year	-33.60%	-35.39%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-33.60%	-35.39%	+1.79%
Max Drawdown (5Y) Largest decline over 5 years	-44.66%	-45.91%	+1.25%
Max Drawdown (10Y) Largest decline over 10 years	-51.20%	—	—
Current Drawdown Current decline from peak	-26.13%	-28.27%	+2.14%
Average Drawdown Average peak-to-trough decline	-37.75%	-18.53%	-19.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.14%	13.09%	-0.95%

Volatility

INIVX vs. FIJDX - Volatility Comparison

VanEck International Investors Gold Fund (INIVX) and Fidelity Advisor Gold Fund Class Z (FIJDX) have volatilities of 16.27% and 17.03%, 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

	INIVX	FIJDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.27%	17.03%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	40.03%	37.82%	+2.21%
Volatility (1Y) Calculated over the trailing 1-year period	46.69%	45.08%	+1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.62%	34.08%	+0.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.23%	34.63%	-0.40%

INIVX vs. FIJDX - Expense Ratio Comparison

INIVX has a 1.42% expense ratio, which is higher than FIJDX's 0.60% expense ratio.

Dividends

INIVX vs. FIJDX - Dividend Comparison

INIVX's dividend yield for the trailing twelve months is around 5.98%, more than FIJDX's 5.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FIJDX Fidelity Advisor Gold Fund Class Z	5.23%	2.17%	3.63%	1.16%	0.38%	1.71%	4.54%	0.53%	0.00%	0.00%	0.00%
INIVX VanEck International Investors Gold Fund	5.98%	6.01%	7.45%	0.10%	0.00%	6.40%	11.70%	3.66%	2.87%	3.76%	6.40%

Frequently Asked Questions

Can I hold both INIVX and FIJDX in my portfolio?

With a correlation of 0.99, INIVX and FIJDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, INIVX or FIJDX?

FIJDX has higher volatility (17.03%) compared to INIVX (16.27%). In terms of maximum drawdown, INIVX dropped -78.96% vs FIJDX's -50.43%.

Which has better risk-adjusted returns?

INIVX currently has the higher Sharpe Ratio (1.49 vs 1.15), 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.