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ETFs

Franklin Responsibly Sourced Gold ETF

FGDL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 30 2022
Expense Ratio
0.15%
Type
Global Commodities & Metals
Fund Owner
Franklin Templeton
Volume (1m avg. daily)
$141,587
AUM
$66,976,000
Associated Index
LBMA Gold Price PM
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with FGDL

What is FGDL?

FGDL seeks to reflect the performance of the price of gold bullion, less the Fund's expenses. Gold sourced from LBMA accredited refiners that are required to demonstrate their efforts to respect the environment and combat money laundering, terrorist financing and human rights abuses in accordance with the LBMA's Responsible Gold Guidance.

ETFs related toFGDL

ETFs correlated to FGDL include GLD, GLDM, IAU

FGDL
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold ETF
GLD
SSgA Active Trust - SPDR Gold Shares ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFGDL

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FGDL using Composer

FAQ

FGDL is a Global Commodities & Metals ETF. FGDL seeks to reflect the performance of the price of gold bullion, less the Fund's expenses. Gold sourced from LBMA accredited refiners that are required to demonstrate their efforts to respect the environment and combat money laundering, terrorist financing and human rights abuses in accordance with the LBMA's Responsible Gold Guidance.

FGDL tracks the LBMA Gold Price PM.

No, FGDL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FGDL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FGDL is -0.001%. This is the percent change in the value of FGDL over the most recent 1-month period. The 3-month return on FGDL is -0.0036%. This is the percent change in the value of FGDL over the most recent 3-month period.

The standard deviation of FGDL for the past year is 0.1412%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FGDL include CPER, PPLT, and SIVR.

ETFs correlated to FGDL include GLD, GLDM, and IAU.

ETFs that are inversely correlated to FGDL include GLL, GDXD, and DUST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.