BGL.AX vs. IGLD

Last updated Jun 4, 2026

BGL.AX (Bellevue Gold Limited) is a stock, while IGLD (FT Cboe Vest Gold Strategy Target Income ETF) is Precious Metals fund actively managed by First Trust. Over the past 5 years, BGL.AX returned 13.69%/yr vs 14.90%/yr for IGLD. At a 0.08 correlation, their price movements are largely independent.

Performance

BGL.AX vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Bellevue Gold Limited (BGL.AX) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

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 -11.44% return, which is significantly lower than IGLD's -4.81% return.

BGL.AX

• 1D: -1.63%
• 1M: -2.58%
• YTD: -11.44%
• 6M: 5.96%
• 1Y: 58.12%
• 3Y*: 3.68%
• 5Y*: 13.69%
• 10Y*: 58.76%

IGLD

• 1D: -0.35%
• 1M: -0.79%
• YTD: -4.81%
• 6M: -3.29%
• 1Y: 12.94%
• 3Y*: 19.92%
• 5Y*: 14.90%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGL.AX vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BGL.AX Bellevue Gold Limited	-11.44%	51.56%	-32.84%	48.23%	33.73%	17.36%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	-4.81%	36.75%	31.37%	9.32%	4.12%	11.56%

Correlation

The correlation between BGL.AX and IGLD is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021	0.08

Return for Risk

BGL.AX vs. IGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGL.AX

BGL.AX Risk / Return Rank: 70
BGL.AX Sharpe Ratio Rank: 72
BGL.AX Sortino Ratio Rank: 69
BGL.AX Omega Ratio Rank: 66
BGL.AX Calmar Ratio Rank: 70
BGL.AX Martin Ratio Rank: 73

IGLD

IGLD Risk / Return Rank: 28
IGLD Sharpe Ratio Rank: 28
IGLD Sortino Ratio Rank: 27
IGLD Omega Ratio Rank: 32
IGLD Calmar Ratio Rank: 28
IGLD Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 Cboe 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.

	BGL.AX	IGLD	Difference
Sharpe ratio: Return per unit of total volatility	1.02	0.61	+0.41
Sortino ratio: Return per unit of downside risk	1.65	0.94	+0.71
Omega ratio: Gain probability vs. loss probability	1.20	1.14	+0.06
Calmar ratio: Return relative to maximum drawdown	1.56	0.80	+0.75
Martin ratio: Return relative to average drawdown	4.35	1.99	+2.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGL.AX vs. IGLD - Sharpe Ratio Comparison

The current BGL.AX Sharpe Ratio is 1.02, which is higher than the IGLD Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of BGL.AX and IGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BGL.AX	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	0.61	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	1.04	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	1.12	-0.97

Drawdowns

BGL.AX vs. IGLD - Drawdown Comparison

The maximum BGL.AX drawdown since its inception was -99.34%, which is greater than IGLD's maximum drawdown of -16.15%. Use the drawdown chart below to compare losses from any high point for BGL.AX and IGLD.

Drawdown Indicators

	BGL.AX	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-99.34%	-16.15%	-83.19%
Max Drawdown (1Y) Largest decline over 1 year	-36.93%	-16.15%	-20.78%
Max Drawdown (3Y) Largest decline over 3 years	-61.82%	-16.15%	-45.67%
Max Drawdown (5Y) Largest decline over 5 years	-61.82%	-16.15%	-45.67%
Max Drawdown (10Y) Largest decline over 10 years	-61.82%	—	—
Current Drawdown Current decline from peak	-25.62%	-15.57%	-10.05%
Average Drawdown Average peak-to-trough decline	-58.34%	-3.09%	-55.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.27%	6.52%	+6.75%

Volatility

BGL.AX vs. IGLD - Volatility Comparison

Bellevue Gold Limited (BGL.AX) has a higher volatility of 15.76% compared to FT Cboe Vest Gold Strategy Target Income ETF (IGLD) at 4.10%. 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.

Volatility by Period

	BGL.AX	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.76%	4.10%	+11.66%
Volatility (6M) Calculated over the trailing 6-month period	44.51%	18.56%	+25.95%
Volatility (1Y) Calculated over the trailing 1-year period	56.37%	21.23%	+35.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.71%	14.45%	+39.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.06%	14.26%	+64.80%

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 17.92%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGL.AX Bellevue Gold Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	59.09%	48.39%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	17.92%	9.91%	20.81%	7.85%	4.45%	2.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BGL.AX and IGLD in my portfolio?

BGL.AX and IGLD have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.