BGLD vs. GLD
Compare and contrast key facts about FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BGLD) and SPDR Gold Trust (GLD).
BGLD and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BGLD is an actively managed fund by First Trust. It was launched on Jan 20, 2021. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGLD or GLD.
Key characteristics
| BGLD | GLD | |
|---|---|---|
| YTD Return | 7.11% | 11.40% |
| 1Y Return | 12.22% | 11.83% |
| 3Y Return (Ann) | 4.72% | 8.54% |
| Sharpe Ratio | 0.73 | 1.02 |
| Daily Std Dev | 17.03% | 12.31% |
| Max Drawdown | -16.19% | -45.56% |
| Current Drawdown | -2.80% | -3.73% |
Correlation
The correlation between BGLD and GLD is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BGLD vs. GLD - Performance Comparison
In the year-to-date period, BGLD achieves a 7.11% return, which is significantly lower than GLD's 11.40% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BGLD vs. GLD - Expense Ratio Comparison
BGLD has a 0.90% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
BGLD vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BGLD) and SPDR Gold Trust (GLD). 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.
Dividends
BGLD vs. GLD - Dividend Comparison
BGLD's dividend yield for the trailing twelve months is around 9.79%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | |
|---|---|---|---|
BGLD FT Cboe Vest Gold Strategy Quarterly Buffer ETF | 9.79% | 10.49% | 0.40% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
BGLD vs. GLD - Drawdown Comparison
The maximum BGLD drawdown since its inception was -16.19%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for BGLD and GLD. For additional features, visit the drawdowns tool.
Volatility
BGLD vs. GLD - Volatility Comparison
The current volatility for FT Cboe Vest Gold Strategy Quarterly Buffer ETF (BGLD) is 0.76%, while SPDR Gold Trust (GLD) has a volatility of 5.22%. This indicates that BGLD experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.