BGL.AX vs. IGLD
BGL.AX (Bellevue Gold Limited) is a stock, while IGLD (FT Vest Gold Strategy Target Income ETF) is Gold fund actively managed by First Trust. Over the past 5 years, BGL.AX returned 4.22%/yr vs 13.08%/yr for IGLD. At a 0.08 correlation, their price movements are largely independent.
Performance
BGL.AX vs. IGLD - Performance Comparison
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Different Trading Currencies
BGL.AX is traded in AUD, while IGLD is traded in USD. To make them comparable, the IGLD values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BGL.AX achieves a -29.53% return, which is significantly lower than IGLD's -12.13% return.
BGL.AX
- 1D
- 1.26%
- 1M
- -18.03%
- 6M
- -29.12%
- YTD
- -29.53%
- 1Y
- 30.98%
- 3Y*
- -6.41%
- 5Y*
- 4.22%
- 10Y*
- 46.76%
- ALL TIME*
- 7.94%
IGLD
- 1D
- 0.00%
- 1M
- -4.71%
- 6M
- -17.71%
- YTD
- -12.13%
- 1Y
- 3.86%
- 3Y*
- 17.38%
- 5Y*
- 13.08%
- 10Y*
- —
- ALL TIME*
- 13.79%
BGL.AX vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BGL.AX Bellevue Gold Limited | -29.53% | 51.33% | -32.74% | 48.67% | 33.73% | 17.36% |
IGLD FT Vest Gold Strategy Target Income ETF | -12.13% | 36.75% | 31.37% | 9.32% | 4.12% | 11.56% |
Correlation
The correlation between BGL.AX and IGLD is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.08 |
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Return for Risk
BGL.AX vs. IGLD — Risk / Return Rank
BGL.AX
IGLD
BGL.AX vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bellevue Gold Limited (BGL.AX) and FT Vest Gold Strategy Target Income ETF (IGLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BGL.AX | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.05 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 0.17 | +0.62 |
| Martin ratioReturn relative to average drawdown | 1.86 | 0.41 | +1.46 |
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Drawdowns
BGL.AX vs. IGLD - Drawdown Comparison
The maximum BGL.AX drawdown since its inception was -97.78%, which is greater than IGLD's maximum drawdown of -22.38%. Use the drawdown chart below to compare losses from any high point for BGL.AX and IGLD.
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Drawdown Indicators
| BGL.AX | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.78% | -22.38% | -75.40% |
Max Drawdown (1Y)Largest decline over 1 year | -40.20% | -22.38% | -17.82% |
Max Drawdown (3Y)Largest decline over 3 years | -61.82% | -22.38% | -39.44% |
Max Drawdown (5Y)Largest decline over 5 years | -61.82% | -22.38% | -39.44% |
Max Drawdown (10Y)Largest decline over 10 years | -61.82% | — | — |
Current DrawdownCurrent decline from peak | -40.64% | -22.06% | -18.58% |
Average DrawdownAverage peak-to-trough decline | -44.79% | -3.47% | -41.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.26% | 9.52% | +7.74% |
Volatility
BGL.AX vs. IGLD - Volatility Comparison
Bellevue Gold Limited (BGL.AX) has a higher volatility of 14.56% compared to FT Vest Gold Strategy Target Income ETF (IGLD) at 5.18%. This indicates that BGL.AX's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGL.AX | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.56% | 5.18% | +9.38% |
Volatility (6M)Calculated over the trailing 6-month period | 47.11% | 19.35% | +27.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.04% | 22.04% | +37.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.62% | 14.76% | +38.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.49% | 14.46% | +60.03% |
Dividends
BGL.AX vs. IGLD - Dividend Comparison
BGL.AX has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 21.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BGL.AX Bellevue Gold Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLD FT Vest Gold Strategy Target Income ETF | 21.22% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
BGL.AX and IGLD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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