RYPMX vs. FGDIX

Last updated Jun 4, 2026

RYPMX (Rydex Precious Metals Fund) and FGDIX (Fidelity Advisor Gold Fund Class I) are both Precious Metals funds. Over the past 10 years, RYPMX returned 14.77%/yr vs 12.30%/yr for FGDIX. With a 0.97 correlation, they move nearly in lockstep. RYPMX charges 1.26%/yr vs 0.76%/yr for FGDIX.

Performance

RYPMX vs. FGDIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Precious Metals Fund (RYPMX) and Fidelity Advisor Gold Fund Class I (FGDIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYPMX achieves a 7.46% return, which is significantly higher than FGDIX's 5.38% return. Over the past 10 years, RYPMX has outperformed FGDIX with an annualized return of 14.77%, while FGDIX has yielded a comparatively lower 12.30% annualized return.

RYPMX

• 1D: 1.28%
• 1M: 5.36%
• YTD: 7.46%
• 6M: 14.86%
• 1Y: 80.72%
• 3Y*: 43.06%
• 5Y*: 17.92%
• 10Y*: 14.77%

FGDIX

• 1D: 1.19%
• 1M: 3.81%
• YTD: 5.38%
• 6M: 12.25%
• 1Y: 61.65%
• 3Y*: 40.60%
• 5Y*: 16.54%
• 10Y*: 12.30%

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

RYPMX vs. FGDIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYPMX Rydex Precious Metals Fund	7.46%	148.94%	10.14%	4.24%	-10.57%	-8.96%	34.25%	52.91%	-16.56%	7.04%
FGDIX Fidelity Advisor Gold Fund Class I	5.38%	142.97%	14.91%	-0.39%	-13.42%	-10.45%	26.84%	35.51%	-12.96%	8.59%

Correlation

The correlation between RYPMX and FGDIX is 0.98 - 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	0.98
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.97
Correlation (10Y) Calculated over the trailing 10-year period	0.97
Correlation (All Time) Calculated using the full available price history since Dec 2, 2005	0.97

The correlation between RYPMX and FGDIX has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.

Return for Risk

RYPMX vs. FGDIX — Risk / Return Rank

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

RYPMX

RYPMX Risk / Return Rank: 34
RYPMX Sharpe Ratio Rank: 38
RYPMX Sortino Ratio Rank: 26
RYPMX Omega Ratio Rank: 33
RYPMX Calmar Ratio Rank: 47
RYPMX Martin Ratio Rank: 29

FGDIX

FGDIX Risk / Return Rank: 24
FGDIX Sharpe Ratio Rank: 26
FGDIX Sortino Ratio Rank: 19
FGDIX Omega Ratio Rank: 25
FGDIX Calmar Ratio Rank: 30
FGDIX Martin Ratio Rank: 20

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.

RYPMX vs. FGDIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Precious Metals Fund (RYPMX) and Fidelity Advisor Gold Fund Class I (FGDIX). 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.

	RYPMX	FGDIX	Difference
Sharpe ratio: Return per unit of total volatility	1.77	1.45	+0.33
Sortino ratio: Return per unit of downside risk	2.11	1.83	+0.28
Omega ratio: Gain probability vs. loss probability	1.30	1.26	+0.04
Calmar ratio: Return relative to maximum drawdown	2.61	2.07	+0.54
Martin ratio: Return relative to average drawdown	6.87	5.41	+1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYPMX vs. FGDIX - Sharpe Ratio Comparison

The current RYPMX Sharpe Ratio is 1.77, which is comparable to the FGDIX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of RYPMX and FGDIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYPMX	FGDIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	1.45	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.50	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.37	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.15	-0.07

Drawdowns

RYPMX vs. FGDIX - Drawdown Comparison

The maximum RYPMX drawdown since its inception was -81.25%, which is greater than FGDIX's maximum drawdown of -77.15%. Use the drawdown chart below to compare losses from any high point for RYPMX and FGDIX.

Drawdown Indicators

	RYPMX	FGDIX	Difference
Max Drawdown Largest peak-to-trough decline	-81.25%	-77.15%	-4.10%
Max Drawdown (1Y) Largest decline over 1 year	-30.86%	-29.85%	-1.01%
Max Drawdown (3Y) Largest decline over 3 years	-30.86%	-29.85%	-1.01%
Max Drawdown (5Y) Largest decline over 5 years	-46.46%	-45.94%	-0.52%
Max Drawdown (10Y) Largest decline over 10 years	-47.81%	-50.57%	+2.76%
Current Drawdown Current decline from peak	-22.11%	-22.82%	+0.71%
Average Drawdown Average peak-to-trough decline	-40.37%	-39.81%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.71%	11.40%	+0.31%

Volatility

RYPMX vs. FGDIX - Volatility Comparison

Rydex Precious Metals Fund (RYPMX) and Fidelity Advisor Gold Fund Class I (FGDIX) have volatilities of 15.04% and 14.88%, 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

	RYPMX	FGDIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.04%	14.88%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	37.48%	35.11%	+2.37%
Volatility (1Y) Calculated over the trailing 1-year period	45.86%	43.06%	+2.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.93%	33.60%	+3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.03%	33.10%	+3.93%

RYPMX vs. FGDIX - Expense Ratio Comparison

RYPMX has a 1.26% expense ratio, which is higher than FGDIX's 0.76% expense ratio.

Dividends

RYPMX vs. FGDIX - Dividend Comparison

RYPMX's dividend yield for the trailing twelve months is around 2.80%, less than FGDIX's 4.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGDIX Fidelity Advisor Gold Fund Class I	4.78%	2.10%	3.58%	0.97%	0.36%	1.59%	4.40%	0.41%	0.00%	0.23%	3.65%	0.00%
RYPMX Rydex Precious Metals Fund	2.80%	3.01%	0.00%	3.51%	7.15%	6.39%	1.06%	2.08%	1.35%	5.53%	4.04%	0.58%

Frequently Asked Questions

Can I hold both RYPMX and FGDIX in my portfolio?

With a correlation of 0.98, RYPMX and FGDIX 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, RYPMX or FGDIX?

RYPMX has higher volatility (15.04%) compared to FGDIX (14.88%). In terms of maximum drawdown, RYPMX dropped -81.25% vs FGDIX's -77.15%.

Which has better risk-adjusted returns?

RYPMX currently has the higher Sharpe Ratio (1.77 vs 1.45), 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.