WABF vs. FGDL

Last updated Apr 1, 2026

Compare and contrast key facts about Western Asset Bond ETF (WABF) and Franklin Responsibly Sourced Gold ETF (FGDL).

WABF and FGDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. WABF is an actively managed fund by Franklin Templeton. It was launched on Sep 19, 2023. FGDL is a passively managed fund by Franklin Templeton that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022.

Performance

WABF vs. FGDL - Performance Comparison

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

WABF vs. FGDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
WABF Western Asset Bond ETF	-0.24%	7.92%	1.30%	6.81%
FGDL Franklin Responsibly Sourced Gold ETF	7.93%	64.15%	27.31%	7.40%

Returns By Period

In the year-to-date period, WABF achieves a -0.24% return, which is significantly lower than FGDL's 7.93% return.

WABF

• 1D: 0.60%
• 1M: -2.05%
• YTD: -0.24%
• 6M: 0.84%
• 1Y: 4.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FGDL

• 1D: 3.39%
• 1M: -11.22%
• YTD: 7.93%
• 6M: 20.34%
• 1Y: 48.63%
• 3Y*: 33.11%
• 5Y*: —
• 10Y*: —

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

WABF vs. FGDL - Expense Ratio Comparison

WABF has a 0.35% expense ratio, which is higher than FGDL's 0.15% expense ratio.

WABF

Western Asset Bond ETF

FGDL

Franklin Responsibly Sourced Gold ETF

Return for Risk

WABF vs. FGDL — Risk / Return Rank

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

WABF

WABF Risk / Return Rank: 50
WABF Sharpe Ratio Rank: 55
WABF Sortino Ratio Rank: 51
WABF Omega Ratio Rank: 47
WABF Calmar Ratio Rank: 50
WABF Martin Ratio Rank: 46

FGDL

FGDL Risk / Return Rank: 85
FGDL Sharpe Ratio Rank: 87
FGDL Sortino Ratio Rank: 84
FGDL Omega Ratio Rank: 83
FGDL Calmar Ratio Rank: 87
FGDL Martin Ratio Rank: 85

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.

WABF vs. FGDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Western Asset Bond ETF (WABF) 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.

	WABF	FGDL	Difference
Sharpe ratio Return per unit of total volatility	0.99	1.75	-0.76
Sortino ratio Return per unit of downside risk	1.39	2.16	-0.77
Omega ratio Gain probability vs. loss probability	1.18	1.32	-0.13
Calmar ratio Return relative to maximum drawdown	1.32	2.64	-1.32
Martin ratio Return relative to average drawdown	4.51	9.52	-5.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WABF vs. FGDL - Sharpe Ratio Comparison

The current WABF Sharpe Ratio is 0.99, which is lower than the FGDL Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of WABF and FGDL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	WABF	FGDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	1.75	-0.76
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	1.52	-0.50

Correlation

The correlation between WABF and FGDL is 0.21, 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.

Dividends

WABF vs. FGDL - Dividend Comparison

WABF's dividend yield for the trailing twelve months is around 5.10%, while FGDL has not paid dividends to shareholders.

	TTM	2025	2024	2023
WABF Western Asset Bond ETF	5.10%	5.67%	6.25%	1.46%
FGDL Franklin Responsibly Sourced Gold ETF	0.00%	0.00%	0.00%	0.00%

Drawdowns

WABF vs. FGDL - Drawdown Comparison

The maximum WABF drawdown since its inception was -5.36%, smaller than the maximum FGDL drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for WABF and FGDL.

Drawdown Indicators

	WABF	FGDL	Difference
Max Drawdown Largest peak-to-trough decline	-5.36%	-19.23%	+13.87%
Max Drawdown (1Y) Largest decline over 1 year	-3.57%	-19.23%	+15.66%
Current Drawdown Current decline from peak	-2.05%	-13.76%	+11.71%
Average Drawdown Average peak-to-trough decline	-1.51%	-3.34%	+1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.05%	5.33%	-4.28%

Volatility

WABF vs. FGDL - Volatility Comparison

The current volatility for Western Asset Bond ETF (WABF) is 1.59%, while Franklin Responsibly Sourced Gold ETF (FGDL) has a volatility of 10.75%. This indicates that WABF experiences smaller price fluctuations and is considered to be less risky than FGDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WABF	FGDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.59%	10.75%	-9.16%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	24.37%	-21.98%
Volatility (1Y) Calculated over the trailing 1-year period	4.85%	28.00%	-23.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.17%	18.96%	-12.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.17%	18.96%	-12.79%