SGDJ vs. FGDL

Last updated Jun 24, 2026

SGDJ (Sprott Junior Gold Miners ETF) and FGDL (Franklin Responsibly Sourced Gold ETF) are both Gold funds - SGDJ tracks the Solactive Junior Gold Miners Custom Factors Index while FGDL tracks the LBMA Gold Price PM ($/ozt). Both are passively managed. Over the past 3 years, SGDJ returned 50.80%/yr vs 28.79%/yr for FGDL. A 0.77 correlation means they provide meaningful diversification when combined. SGDJ charges 0.50%/yr vs 0.15%/yr for FGDL.

Performance

SGDJ vs. FGDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Junior Gold Miners ETF (SGDJ) and Franklin Responsibly Sourced Gold ETF (FGDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGDJ achieves a -5.38% return, which is significantly lower than FGDL's -4.86% return.

SGDJ

• 1D: -5.01%
• 1M: -6.84%
• YTD: -5.38%
• 6M: -10.31%
• 1Y: 72.25%
• 3Y*: 50.80%
• 5Y*: 17.28%
• 10Y*: 10.08%

FGDL

• 1D: -1.86%
• 1M: -8.58%
• YTD: -4.86%
• 6M: -8.67%
• 1Y: 21.26%
• 3Y*: 28.79%
• 5Y*: —
• 10Y*: —

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

SGDJ vs. FGDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SGDJ Sprott Junior Gold Miners ETF	-5.38%	174.44%	19.35%	6.66%	2.53%
FGDL Franklin Responsibly Sourced Gold ETF	-4.86%	64.15%	27.31%	12.92%	0.72%

Correlation

The correlation between SGDJ and FGDL is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.77

The correlation between SGDJ and FGDL has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

SGDJ vs. FGDL — Risk / Return Rank

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

SGDJ

SGDJ Risk / Return Rank: 39
SGDJ Sharpe Ratio Rank: 42
SGDJ Sortino Ratio Rank: 37
SGDJ Omega Ratio Rank: 40
SGDJ Calmar Ratio Rank: 41
SGDJ Martin Ratio Rank: 35

FGDL

FGDL Risk / Return Rank: 21
FGDL Sharpe Ratio Rank: 23
FGDL Sortino Ratio Rank: 21
FGDL Omega Ratio Rank: 24
FGDL Calmar Ratio Rank: 20
FGDL 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.

SGDJ vs. FGDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Junior Gold Miners ETF (SGDJ) 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.

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.

	SGDJ	FGDL	Difference
Sharpe ratio: Return per unit of total volatility	1.43	0.77	+0.66
Sortino ratio: Return per unit of downside risk	1.82	1.12	+0.70
Omega ratio: Gain probability vs. loss probability	1.25	1.16	+0.09
Calmar ratio: Return relative to maximum drawdown	1.97	0.86	+1.11
Martin ratio: Return relative to average drawdown	5.11	2.31	+2.80

SGDJ vs. FGDL - Sharpe Ratio Comparison

The current SGDJ Sharpe Ratio is 1.43, which is higher than the FGDL Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of SGDJ and FGDL, 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

SGDJ vs. FGDL - Drawdown Comparison

The maximum SGDJ drawdown since its inception was -59.27%, which is greater than FGDL's maximum drawdown of -24.73%. Use the drawdown chart below to compare losses from any high point for SGDJ and FGDL.

Drawdown Indicators

	SGDJ	FGDL	Difference
Max Drawdown Largest peak-to-trough decline	-59.27%	-24.73%	-34.54%
Max Drawdown (1Y) Largest decline over 1 year	-36.84%	-24.73%	-12.11%
Max Drawdown (3Y) Largest decline over 3 years	-36.84%	-24.73%	-12.11%
Max Drawdown (5Y) Largest decline over 5 years	-52.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-59.27%	—	—
Current Drawdown Current decline from peak	-31.02%	-23.98%	-7.04%
Average Drawdown Average peak-to-trough decline	-26.25%	-4.07%	-22.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.18%	9.24%	+4.94%

Volatility

SGDJ vs. FGDL - Volatility Comparison

Sprott Junior Gold Miners ETF (SGDJ) has a higher volatility of 18.68% compared to Franklin Responsibly Sourced Gold ETF (FGDL) at 8.47%. This indicates that SGDJ's price experiences larger fluctuations and is considered to be riskier than FGDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGDJ	FGDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.68%	8.47%	+10.21%
Volatility (6M) Calculated over the trailing 6-month period	42.77%	24.48%	+18.29%
Volatility (1Y) Calculated over the trailing 1-year period	50.78%	27.83%	+22.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.87%	19.33%	+21.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.96%	19.33%	+21.63%

SGDJ vs. FGDL - Expense Ratio Comparison

SGDJ has a 0.50% expense ratio, which is higher than FGDL's 0.15% expense ratio.

Dividends

SGDJ vs. FGDL - Dividend Comparison

SGDJ's dividend yield for the trailing twelve months is around 8.85%, while FGDL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FGDL Franklin Responsibly Sourced Gold ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGDJ Sprott Junior Gold Miners ETF	8.85%	8.37%	6.55%	4.55%	2.46%	2.20%	1.97%	0.65%	0.00%	0.14%	1.77%	0.85%

Frequently Asked Questions

Can I hold both SGDJ and FGDL in my portfolio?

SGDJ and FGDL have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGDJ or FGDL?

SGDJ has higher volatility (18.68%) compared to FGDL (8.47%). In terms of maximum drawdown, SGDJ dropped -59.27% vs FGDL's -24.73%.

Which ETF is better, SGDJ or FGDL?

On 3-year performance, SGDJ leads with 50.80% vs 28.79% for FGDL. On fees, FGDL is cheaper at 0.15% per year. On volatility, FGDL has been the lower-risk option at 8.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SGDJ or FGDL?

Over the 3-year period, SGDJ has performed better with a 50.80% return vs 28.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGDJ or FGDL?

FGDL is cheaper with a 0.15% expense ratio, compared with 0.50% for SGDJ.

Which ETF pays a higher dividend yield, SGDJ or FGDL?

SGDJ has the higher dividend yield at 8.85%, compared with 0.00% for FGDL.

What is the main difference between SGDJ and FGDL?

SGDJ tracks Solactive Junior Gold Miners Custom Factors Index, while FGDL tracks LBMA Gold Price PM ($/ozt). They also come from different issuers: Sprott and Franklin Templeton. Their fees differ too: 0.50% for SGDJ and 0.15% for FGDL.

Which has better risk-adjusted returns?

SGDJ currently has the higher Sharpe Ratio (1.43 vs 0.77), 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.