FGDL vs HEDG
Comparison between Franklin Responsibly Sourced Gold ETF (FGDL, ETF) and EQUABLE SHARES HEDGED EQUITY ETF (HEDG, ETF).
FGDL vs HEDG - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FGDL
$415M
HEDG
$415M
Expense Ratio
Winner
FGDL
0.15%
HEDG
0.96%
Max Drawdown
FGDL
26.58%
Winner
HEDG
4.33%
Sharpe Ratio
FGDL
0.71
Winner
HEDG
0.95
5Y Beta
Winner
FGDL
0.22
HEDG
0.35
FGDL vs HEDG - Historical Returns
Returns include dividend reinvestment.
1M
FGDL
-2.74%
Winner
HEDG
+0.84%
3M
FGDL
-12.71%
Winner
HEDG
+2.29%
6M
FGDL
-16.14%
Winner
HEDG
+3.36%
1Y
FGDL
+19.92%
HEDG
N/A
5Y(CAGR)
FGDL
+22.06%
HEDG
N/A
Max(CAGR)
Winner
FGDL
+22.06%
HEDG
+9.36%
FGDL vs HEDG - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | FGDL | HEDG |
|---|---|---|
| 2026 | -6.31% | +3.83% |
| 2025 | +62.30% | +3.16% |
| 2024 | +27.59% | N/A |
| 2023 | +12.02% | N/A |
| 2022 | +0.91% | N/A |
FGDL vs HEDG Drawdown Comparison
The maximum drawdown for FGDL was -26.58%, occurring on Jul 16, 2026. This drawdown has not yet recovered.
The maximum drawdown for HEDG was -3.85%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.
The current FGDL drawdown is -24.66%. The current HEDG drawdown is -0.13%.
| Rank | FGDL | HEDG |
|---|---|---|
| #1 | -26.58% Jan 29, 2026 - Jul 16, 2026 | -3.85% Feb 25, 2026 - Apr 17, 2026 |
| #2 | -11.26% May 4, 2023 - Dec 1, 2023 | -1.64% Nov 11, 2025 - Nov 25, 2025 |
| #3 | -10.72% Oct 20, 2025 - Dec 22, 2025 | -1.15% Feb 2, 2026 - Feb 24, 2026 |
| #4 | -10.08% Jun 30, 2022 - Dec 13, 2022 | -0.87% Jun 8, 2026 - Jun 30, 2026 |
| #5 | -8.10% Oct 30, 2024 - Jan 30, 2025 | -0.81% Jan 12, 2026 - Jan 26, 2026 |
| #6 | -7.28% Apr 21, 2025 - Aug 29, 2025 | -0.60% Nov 3, 2025 - Nov 10, 2025 |
| #7 | -7.19% Feb 1, 2023 - Mar 17, 2023 | -0.53% Jul 15, 2026 - Jul 17, 2026 |
| #8 | -5.65% May 20, 2024 - Jul 16, 2024 | -0.50% Oct 13, 2025 - Oct 17, 2025 |
| #9 | -5.40% Apr 2, 2025 - Apr 10, 2025 | -0.42% Dec 12, 2025 - Dec 19, 2025 |
| #10 | -4.76% Dec 26, 2025 - Jan 12, 2026 | -0.27% Jul 10, 2026 - Jul 15, 2026 |
| #11 | -4.39% Dec 1, 2023 - Dec 27, 2023 | -0.23% Jun 2, 2026 - Jun 8, 2026 |
| #12 | -4.25% Jul 16, 2024 - Aug 12, 2024 | -0.23% Jul 6, 2026 - Jul 9, 2026 |
| #13 | -4.19% Dec 27, 2023 - Mar 1, 2024 | -0.20% Dec 26, 2025 - Jan 5, 2026 |
| #14 | -4.14% Apr 16, 2024 - May 17, 2024 | -0.19% Jan 6, 2026 - Jan 9, 2026 |
| #15 | -3.41% Feb 24, 2025 - Mar 13, 2025 | -0.19% Jan 27, 2026 - Feb 2, 2026 |
Correlation
Correlation between FGDL and HEDG is -0.01 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.01
-101
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