FGDL vs IVV
Franklin Responsibly Sourced Gold ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. FGDL delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | FGDL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.15% | 0.03% | |
| AUM | $448M | $907.0B | |
| Dividend Yield | 0.00% | 1.10% | |
| Holdings | 2 | 508 | |
| YTD Return | +3.98% | +12.28% | |
| 1Y Return | +34.91% | +20.94% | |
| 3Y Return (annualized) | +33.54% | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 18.1% | 15.1% | |
| Max Drawdown | -26.6% | -56.5% | |
| Fund Family | Franklin Templeton Investments (US) | iShares by BlackRock (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 30, 2022 | May 15, 2000 |
FGDL vs IVV Performance
Franklin Responsibly Sourced Gold ETF (FGDL) is a ETF from Franklin Templeton Investments (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year FGDL returned +34.91% while IVV returned +20.94%. Year to date, FGDL is up 3.98% versus a gain of 12.28% for IVV.
Over three years, FGDL compounded at +33.54% per year against +21.81% for IVV. Across the full 4-year window we track, FGDL has the edge at +24.68% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FGDL has been the more volatile fund, with annualized monthly volatility of 18.1% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -26.6% for FGDL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.11. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FGDL charges 0.15% per year while IVV charges 0.03%. On a $10,000 position that is $15 vs $3 annually, a gap of $12 per year that compounds over a long holding period. On income, FGDL currently yields 0.00% against 1.10% for IVV.
Frequently Asked Questions
Which is cheaper, FGDL or IVV?
FGDL has an expense ratio of 0.15% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, FGDL or IVV?
Over the past year FGDL returned +34.91% vs +20.94% for IVV, so FGDL leads on 1-year performance. Over the longest common window we track (4 years), FGDL annualized +24.68% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, FGDL or IVV?
FGDL has been the more volatile fund at 18.1% annualized versus 15.1% for IVV. Worst drawdown: FGDL -26.6% vs IVV -56.5%.
Should I hold both FGDL and IVV?
FGDL and IVV have a monthly-return correlation of 0.11, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, FGDL or IVV?
FGDL yields 0.00% while IVV yields 1.10%, so IVV currently pays the higher dividend yield.
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