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ETFs

Franklin Responsibly Sourced Gold ETF

FGLD
$--
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)
$154,805
AUM
$107,360,000
Associated Index
LBMA Gold Price PM
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with FGLD

What is FGLD?

FGLD 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 toFGLD

ETFs correlated to FGLD include GLD, GLDM, IAU

FGLD
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
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
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 toFGLD

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Risk Rating

Aggressive

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SPY minimum drawdown

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with FGLD using Composer

FAQ

FGLD is a Global Commodities & Metals ETF. FGLD 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.

FGLD tracks the LBMA Gold Price PM.

No, FGLD 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, FGLD 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 FGLD is -0.0105%. This is the percent change in the value of FGLD over the most recent 1-month period. The 3-month return on FGLD is 0.0785%. This is the percent change in the value of FGLD over the most recent 3-month period.

ETFs similar to FGLD include DBB, DBP, and SLV.

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

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

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.