Franklin Responsibly Sourced Gold ETF (FGDL) Performance
FGDL total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −7.7% since Dec 31, 2025
- 1 year
- −3.4% total return
- 3 years
- +26.3% a year
- Since first price
- +20.0% a year since 2022
FGDL trailing returns vs SPY, QQQ, AGG
| Period | FGDL total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.8% | −6.8% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.3% | −1.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −15.1% | −15.1% | +7.8% | +8.4% | −1.5% |
| YTD | −7.7% | −7.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −3.4% | −3.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +101.6%+26.3%/yr | +101.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 30, 2022 | +119.8%+20.0%/yr | +119.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FGDL vs SPY
From Jun 30, 2022: FGDL grew to $21,976, SPY to $21,305.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FGDL returns by calendar year
3 of 3 full years positive. Best 2025 (+64.1%), worst 2023 (+12.9%). 2026 is year to date.
FGDL annual returns table
| Year | FGDL | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −7.7% | −26.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +64.1% | −10.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +27.3% | −8.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +12.9% | −11.3% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FGDL largest drawdowns
Now 26.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 29, 2026 | −26.6% | Jul 16, 2026 | not yet | 6 months | 9 months so far |
| May 4, 2023 | −11.3% | Oct 5, 2023 | Dec 1, 2023 | 5 months | 7 months |
| Oct 20, 2025 | −10.7% | Oct 29, 2025 | Dec 22, 2025 | 9 days | 2 months |
| Jun 30, 2022 | −10.1% | Sep 26, 2022 | Dec 13, 2022 | 3 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FGDL risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +30.8% | +21.5% |
| Volatility (annualized) | 19.1% | 18.2% |
| Sharpe ratio | 1.29 | 0.94 |
| Sortino ratio | 2.26 | 1.65 |
| Best month | +12.2% | +12.2% |
| Worst month | −11.7% | −11.7% |
| Best 12 months | +83.3% | +83.3% |
| Worst 12 months | +7.0% | +5.3% |
| Positive months | 72% | 63% |
| Beta vs S&P 500 | -0.03 | — |
| Correlation with S&P 500 | -0.02 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FGDL rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 41 | −0.2% | +28.8% | +83.3% | 98% |
| 3-year (a year) | 17 | +22.0% | +32.2% | +42.0% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
FGDL performance overview
Franklin Responsibly Sourced Gold ETF (FGDL) returned −3.4% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +20.0% a year, turning $10,000 into about $21,976. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −26.6%, from Jan 29, 2026 to Jul 16, 2026; the fund has not yet regained that high. FGDL finished 3 of its 3 full calendar years with a gain; the best year was 2025 (+64.1%) and the worst 2023 (+12.9%). Volatility has been 18.2% a year.
Related: FGDL chart. See the FGDL overview for the latest quote and fund facts.
FGDL performance FAQ
What is the FGDL return over the past year?
FGDL returned −3.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.4%.
How much would $10,000 invested in FGDL be worth?
$10,000 invested in FGDL at its first recorded close on June 30, 2022 would be worth about $21,976 on October 23, 2026 with distributions reinvested.
What was the worst year for FGDL?
The worst calendar year was 2023, with a total return of +12.9%. The best was 2025 at +64.1%.
What is the biggest drawdown of FGDL?
The largest peak-to-trough decline was −26.6% between January 29, 2026 and July 16, 2026. It has not yet recovered to that high; it is 26.3% below its peak.
How volatile is FGDL?
Over the past 3 years FGDL had an annualized volatility of 19.1% and a Sharpe ratio of 1.29 (excess return over 1–3 month T-bills per unit of risk).