USL vs. FGDL
Compare and contrast key facts about United States 12 Month Oil Fund LP (USL) and Franklin Responsibly Sourced Gold ETF (FGDL).
USL and FGDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USL is a passively managed fund by Concierge Technologies that tracks the performance of the 12 Month Light Sweet Crude Oil. It was launched on Dec 6, 2007. FGDL is a passively managed fund by Franklin that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022. Both USL and FGDL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USL or FGDL.
Key characteristics
| USL | FGDL | |
|---|---|---|
| YTD Return | 3.82% | 26.51% |
| 1Y Return | -1.75% | 34.09% |
| Sharpe Ratio | 0.00 | 2.38 |
| Sortino Ratio | 0.17 | 3.14 |
| Omega Ratio | 1.02 | 1.42 |
| Calmar Ratio | 0.00 | 5.16 |
| Martin Ratio | 0.02 | 15.58 |
| Ulcer Index | 6.58% | 2.23% |
| Daily Std Dev | 23.81% | 14.65% |
| Max Drawdown | -89.06% | -11.26% |
| Current Drawdown | -58.51% | -6.74% |
Correlation
The correlation between USL and FGDL is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
USL vs. FGDL - Performance Comparison
In the year-to-date period, USL achieves a 3.82% return, which is significantly lower than FGDL's 26.51% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
USL vs. FGDL - Expense Ratio Comparison
USL has a 0.88% expense ratio, which is higher than FGDL's 0.15% expense ratio.
Risk-Adjusted Performance
USL vs. FGDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States 12 Month Oil Fund LP (USL) 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.
Dividends
USL vs. FGDL - Dividend Comparison
Neither USL nor FGDL has paid dividends to shareholders.
Drawdowns
USL vs. FGDL - Drawdown Comparison
The maximum USL drawdown since its inception was -89.06%, which is greater than FGDL's maximum drawdown of -11.26%. Use the drawdown chart below to compare losses from any high point for USL and FGDL. For additional features, visit the drawdowns tool.
Volatility
USL vs. FGDL - Volatility Comparison
United States 12 Month Oil Fund LP (USL) has a higher volatility of 8.94% compared to Franklin Responsibly Sourced Gold ETF (FGDL) at 5.63%. This indicates that USL'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.