BGLD vs. BABO

Last updated Jun 13, 2026

BGLD (FT Vest Gold Strategy Quarterly Buffer ETF) and BABO (YieldMax BABA Option Income Strategy ETF) are both exchange-traded funds - BGLD is a Defined Outcome fund actively managed by FT Vest, while BABO is a Derivative Income fund actively managed by YieldMax. Both are actively managed. Over the past year, BGLD returned 8.12% vs -1.50% for BABO. At a 0.16 correlation, their price movements are largely independent. BGLD charges 0.91%/yr vs 0.99%/yr for BABO.

Performance

BGLD vs. BABO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) and YieldMax BABA Option Income Strategy ETF (BABO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGLD achieves a -2.58% return, which is significantly higher than BABO's -20.64% return.

BGLD

• 1D: -0.02%
• 1M: -3.90%
• YTD: -2.58%
• 6M: -3.54%
• 1Y: 8.12%
• 3Y*: 18.31%
• 5Y*: 10.64%
• 10Y*: —

BABO

• 1D: -0.37%
• 1M: -16.79%
• YTD: -20.64%
• 6M: -24.20%
• 1Y: -1.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BGLD vs. BABO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BGLD FT Vest Gold Strategy Quarterly Buffer ETF	-2.58%	33.03%	10.12%
BABO YieldMax BABA Option Income Strategy ETF	-20.64%	46.84%	0.65%

Correlation

The correlation between BGLD and BABO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	0.16

Return for Risk

BGLD vs. BABO — Risk / Return Rank

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

BGLD

BGLD Risk / Return Rank: 22
BGLD Sharpe Ratio Rank: 24
BGLD Sortino Ratio Rank: 21
BGLD Omega Ratio Rank: 24
BGLD Calmar Ratio Rank: 20
BGLD Martin Ratio Rank: 22

BABO

BABO Risk / Return Rank: 8
BABO Sharpe Ratio Rank: 8
BABO Sortino Ratio Rank: 9
BABO Omega Ratio Rank: 9
BABO Calmar Ratio Rank: 8
BABO Martin Ratio Rank: 8

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.

BGLD vs. BABO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) and YieldMax BABA Option Income Strategy ETF (BABO). 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.

	BGLD	BABO	Difference
Sharpe ratio: Return per unit of total volatility	0.73	-0.12	+0.85
Sortino ratio: Return per unit of downside risk	1.04	0.08	+0.96
Omega ratio: Gain probability vs. loss probability	1.15	1.01	+0.14
Calmar ratio: Return relative to maximum drawdown	0.79	-0.13	+0.92
Martin ratio: Return relative to average drawdown	2.37	-0.28	+2.65

BGLD vs. BABO - Sharpe Ratio Comparison

The current BGLD Sharpe Ratio is 0.73, which is higher than the BABO Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of BGLD and BABO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BGLD vs. BABO - Drawdown Comparison

The maximum BGLD drawdown since its inception was -16.19%, smaller than the maximum BABO drawdown of -33.33%. Use the drawdown chart below to compare losses from any high point for BGLD and BABO.

Drawdown Indicators

	BGLD	BABO	Difference
Max Drawdown Largest peak-to-trough decline	-16.19%	-33.33%	+17.14%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	-33.33%	+21.91%
Max Drawdown (3Y) Largest decline over 3 years	-11.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	—	—
Current Drawdown Current decline from peak	-9.90%	-33.33%	+23.43%
Average Drawdown Average peak-to-trough decline	-3.67%	-13.90%	+10.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	15.34%	-11.52%

Volatility

BGLD vs. BABO - Volatility Comparison

The current volatility for FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) is 4.02%, while YieldMax BABA Option Income Strategy ETF (BABO) has a volatility of 8.72%. This indicates that BGLD experiences smaller price fluctuations and is considered to be less risky than BABO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGLD	BABO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	8.72%	-4.70%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	24.44%	-13.83%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	35.33%	-22.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.09%	36.67%	-26.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.99%	36.67%	-26.68%

BGLD vs. BABO - Expense Ratio Comparison

BGLD has a 0.91% expense ratio, which is lower than BABO's 0.99% expense ratio.

Dividends

BGLD vs. BABO - Dividend Comparison

BGLD's dividend yield for the trailing twelve months is around 45.50%, less than BABO's 98.48% yield.

Position	TTM	2025	2024	2023	2022
BABO YieldMax BABA Option Income Strategy ETF	98.48%	85.50%	20.65%	0.00%	0.00%
BGLD FT Vest Gold Strategy Quarterly Buffer ETF	45.50%	44.32%	25.04%	10.49%	0.40%

Frequently Asked Questions

Can I hold both BGLD and BABO in my portfolio?

BGLD and BABO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGLD or BABO?

BABO has higher volatility (8.72%) compared to BGLD (4.02%). In terms of maximum drawdown, BGLD dropped -16.19% vs BABO's -33.33%.

Which ETF is better, BGLD or BABO?

On 1-year performance, BGLD leads with 8.12% vs -1.50% for BABO. On fees, BGLD is cheaper at 0.91% per year. On volatility, BGLD has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BGLD or BABO?

Over the 1-year period, BGLD has performed better with a 8.12% return vs -1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BGLD or BABO?

BGLD is cheaper with a 0.91% expense ratio, compared with 0.99% for BABO.

Which ETF pays a higher dividend yield, BGLD or BABO?

BABO has the higher dividend yield at 98.48%, compared with 45.50% for BGLD.

What is the main difference between BGLD and BABO?

BGLD is categorized as Defined Outcome, while BABO is Derivative Income. They also come from different issuers: FT Vest and YieldMax. Their fees differ too: 0.91% for BGLD and 0.99% for BABO.

Which has better risk-adjusted returns?

BGLD currently has the higher Sharpe Ratio (0.73 vs -0.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.