DDIV vs. IGLD

Last updated Jun 3, 2026

DDIV (First Trust Dorsey Wright Momentum & Dividend ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - DDIV is a Momentum fund tracking the Dorsey Wright Momentum Plus Dividend Yield Index, while IGLD is a Precious Metals fund actively managed by First Trust. DDIV is passively managed, while IGLD is actively managed. Over the past 5 years, DDIV returned 9.41%/yr vs 13.41%/yr for IGLD. At a 0.14 correlation, their price movements are largely independent. DDIV charges 0.60%/yr vs 0.85%/yr for IGLD.

Performance

DDIV vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDIV achieves a 7.78% return, which is significantly higher than IGLD's 2.52% return.

DDIV

• 1D: 0.96%
• 1M: -1.05%
• YTD: 7.78%
• 6M: 11.25%
• 1Y: 20.98%
• 3Y*: 20.61%
• 5Y*: 9.41%
• 10Y*: 9.75%

IGLD

• 1D: 0.43%
• 1M: -2.19%
• YTD: 2.52%
• 6M: 5.09%
• 1Y: 24.99%
• 3Y*: 23.35%
• 5Y*: 13.41%
• 10Y*: —

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

DDIV vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	7.78%	12.23%	27.18%	9.95%	-12.44%	21.18%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	2.52%	47.46%	19.36%	9.24%	-2.34%	4.30%

Correlation

The correlation between DDIV and IGLD is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021	0.14

Return for Risk

DDIV vs. IGLD — Risk / Return Rank

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

DDIV

DDIV Risk / Return Rank: 41
DDIV Sharpe Ratio Rank: 41
DDIV Sortino Ratio Rank: 41
DDIV Omega Ratio Rank: 41
DDIV Calmar Ratio Rank: 37
DDIV Martin Ratio Rank: 43

IGLD

IGLD Risk / Return Rank: 30
IGLD Sharpe Ratio Rank: 30
IGLD Sortino Ratio Rank: 28
IGLD Omega Ratio Rank: 33
IGLD Calmar Ratio Rank: 32
IGLD Martin Ratio Rank: 30

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.

DDIV vs. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) 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.

	DDIV	IGLD	Difference
Sharpe ratio Return per unit of total volatility	1.47	1.08	+0.39
Sortino ratio Return per unit of downside risk	2.10	1.49	+0.60
Omega ratio Gain probability vs. loss probability	1.27	1.22	+0.04
Calmar ratio Return relative to maximum drawdown	1.88	1.57	+0.31
Martin ratio Return relative to average drawdown	6.96	4.34	+2.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDIV vs. IGLD - Sharpe Ratio Comparison

The current DDIV Sharpe Ratio is 1.47, which is higher than the IGLD Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of DDIV 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

	DDIV	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	1.08	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.89	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.95	-0.48

Drawdowns

DDIV vs. IGLD - Drawdown Comparison

The maximum DDIV drawdown since its inception was -47.56%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for DDIV and IGLD.

Drawdown Indicators

	DDIV	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-47.56%	-18.59%	-28.97%
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	-17.56%	+6.25%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-17.56%	-1.41%
Max Drawdown (5Y) Largest decline over 5 years	-21.10%	-18.59%	-2.51%
Max Drawdown (10Y) Largest decline over 10 years	-47.56%	—	—
Current Drawdown Current decline from peak	-1.67%	-14.46%	+12.79%
Average Drawdown Average peak-to-trough decline	-6.02%	-5.23%	-0.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	6.36%	-3.30%

Volatility

DDIV vs. IGLD - Volatility Comparison

The current volatility for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is 2.63%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.33%. This indicates that DDIV experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDIV	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.63%	5.33%	-2.70%
Volatility (6M) Calculated over the trailing 6-month period	11.73%	21.00%	-9.27%
Volatility (1Y) Calculated over the trailing 1-year period	14.29%	23.31%	-9.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.66%	15.19%	+3.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	15.00%	+4.91%

DDIV vs. IGLD - Expense Ratio Comparison

DDIV has a 0.60% expense ratio, which is lower than IGLD's 0.85% expense ratio.

Dividends

DDIV vs. IGLD - Dividend Comparison

DDIV's dividend yield for the trailing twelve months is around 1.60%, less than IGLD's 17.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	1.60%	1.94%	2.22%	3.18%	3.60%	2.43%	2.63%	2.93%	3.27%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	17.77%	9.91%	20.81%	7.85%	4.45%	2.24%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDIV and IGLD in my portfolio?

DDIV and IGLD have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDIV or IGLD?

IGLD has higher volatility (5.33%) compared to DDIV (2.63%). In terms of maximum drawdown, DDIV dropped -47.56% vs IGLD's -18.59%.

Which ETF is better, DDIV or IGLD?

On 5-year performance, IGLD leads with 13.41% vs 9.41% for DDIV. On fees, DDIV is cheaper at 0.60% per year. On volatility, DDIV has been the lower-risk option at 2.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDIV or IGLD?

Over the 5-year period, IGLD has performed better with a 13.41% return vs 9.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDIV or IGLD?

DDIV is cheaper with a 0.60% expense ratio, compared with 0.85% for IGLD.

Which ETF pays a higher dividend yield, DDIV or IGLD?

IGLD has the higher dividend yield at 17.77%, compared with 1.60% for DDIV.

What is the main difference between DDIV and IGLD?

DDIV is categorized as Momentum, while IGLD is Precious Metals. Their fees differ too: 0.60% for DDIV and 0.85% for IGLD.

Which has better risk-adjusted returns?

DDIV currently has the higher Sharpe Ratio (1.47 vs 1.08), 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.