BGLD vs. MDLZ

Last updated Jun 13, 2026

BGLD (FT Vest Gold Strategy Quarterly Buffer ETF) is Defined Outcome fund actively managed by FT Vest, while MDLZ (Mondelez International, Inc.) is a stock. Over the past 5 years, BGLD returned 10.64%/yr vs 2.36%/yr for MDLZ. At a 0.10 correlation, their price movements are largely independent.

Performance

BGLD vs. MDLZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) and Mondelez International, Inc. (MDLZ). 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 lower than MDLZ's 18.03% return.

BGLD

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

MDLZ

• 1D: -0.58%
• 1M: 3.31%
• YTD: 18.03%
• 6M: 18.65%
• 1Y: -2.75%
• 3Y*: -1.98%
• 5Y*: 2.36%
• 10Y*: 6.09%

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

BGLD vs. MDLZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BGLD FT Vest Gold Strategy Quarterly Buffer ETF	-2.58%	33.03%	21.80%	13.24%	-2.42%	-5.53%
MDLZ Mondelez International, Inc.	18.03%	-7.03%	-15.30%	11.17%	2.92%	18.65%

Correlation

The correlation between BGLD and MDLZ is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.07
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021	0.10

Return for Risk

BGLD vs. MDLZ — 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

MDLZ

MDLZ Risk / Return Rank: 33
MDLZ Sharpe Ratio Rank: 34
MDLZ Sortino Ratio Rank: 29
MDLZ Omega Ratio Rank: 29
MDLZ Calmar Ratio Rank: 38
MDLZ Martin Ratio Rank: 37

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. MDLZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) and Mondelez International, Inc. (MDLZ). 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	MDLZ	Difference
Sharpe ratio: Return per unit of total volatility	0.73	-0.20	+0.93
Sortino ratio: Return per unit of downside risk	1.04	-0.13	+1.17
Omega ratio: Gain probability vs. loss probability	1.15	0.98	+0.16
Calmar ratio: Return relative to maximum drawdown	0.79	-0.17	+0.96
Martin ratio: Return relative to average drawdown	2.37	-0.30	+2.67

BGLD vs. MDLZ - Sharpe Ratio Comparison

The current BGLD Sharpe Ratio is 0.73, which is higher than the MDLZ Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of BGLD and MDLZ, 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. MDLZ - Drawdown Comparison

The maximum BGLD drawdown since its inception was -16.19%, smaller than the maximum MDLZ drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for BGLD and MDLZ.

Drawdown Indicators

	BGLD	MDLZ	Difference
Max Drawdown Largest peak-to-trough decline	-16.19%	-42.52%	+26.33%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	-25.93%	+14.51%
Max Drawdown (3Y) Largest decline over 3 years	-11.42%	-29.00%	+17.58%
Max Drawdown (5Y) Largest decline over 5 years	-15.42%	-29.14%	+13.72%
Max Drawdown (10Y) Largest decline over 10 years	—	-29.74%	—
Current Drawdown Current decline from peak	-9.90%	-12.59%	+2.69%
Average Drawdown Average peak-to-trough decline	-3.67%	-11.03%	+7.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	14.70%	-10.88%

Volatility

BGLD vs. MDLZ - Volatility Comparison

The current volatility for FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) is 4.02%, while Mondelez International, Inc. (MDLZ) has a volatility of 5.46%. This indicates that BGLD experiences smaller price fluctuations and is considered to be less risky than MDLZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGLD	MDLZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	5.46%	-1.44%
Volatility (6M) Calculated over the trailing 6-month period	10.61%	16.28%	-5.67%
Volatility (1Y) Calculated over the trailing 1-year period	12.42%	22.26%	-9.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.09%	19.52%	-9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.99%	21.03%	-11.04%

Dividends

BGLD vs. MDLZ - Dividend Comparison

BGLD's dividend yield for the trailing twelve months is around 45.50%, more than MDLZ's 3.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGLD FT Vest Gold Strategy Quarterly Buffer ETF	45.50%	44.32%	25.04%	10.49%	0.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MDLZ Mondelez International, Inc.	3.13%	3.60%	3.00%	2.24%	2.21%	2.01%	2.05%	1.98%	2.40%	1.92%	1.62%	1.43%

Frequently Asked Questions

Can I hold both BGLD and MDLZ in my portfolio?

BGLD and MDLZ have a correlation of 0.06, 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 MDLZ?

MDLZ has higher volatility (5.46%) compared to BGLD (4.02%). In terms of maximum drawdown, BGLD dropped -16.19% vs MDLZ's -42.52%.

Which has better risk-adjusted returns?

BGLD currently has the higher Sharpe Ratio (0.73 vs -0.20), 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.