EIPX vs. IGLD

Last updated Jun 4, 2026

EIPX (FT Energy Income Partners Strategy ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - EIPX is a Energy Equities fund actively managed by First Trust, while IGLD is a Precious Metals fund actively managed by First Trust. Both are actively managed. Over the past 3 years, EIPX returned 21.12%/yr vs 23.01%/yr for IGLD. At a 0.17 correlation, their price movements are largely independent. EIPX charges 0.95%/yr vs 0.85%/yr for IGLD.

Performance

EIPX vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Energy Income Partners Strategy ETF (EIPX) 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, EIPX achieves a 21.96% return, which is significantly higher than IGLD's 1.69% return.

EIPX

• 1D: 0.19%
• 1M: -2.12%
• YTD: 21.96%
• 6M: 19.46%
• 1Y: 30.04%
• 3Y*: 21.12%
• 5Y*: —
• 10Y*: —

IGLD

• 1D: -0.81%
• 1M: -1.33%
• YTD: 1.69%
• 6M: 4.44%
• 1Y: 24.53%
• 3Y*: 23.01%
• 5Y*: 13.02%
• 10Y*: —

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

EIPX vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
EIPX FT Energy Income Partners Strategy ETF	21.96%	11.44%	19.11%	10.74%	0.56%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	1.69%	47.46%	19.36%	9.24%	8.07%

Correlation

The correlation between EIPX and IGLD is 0.08, 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	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 4, 2022	0.17

The correlation between EIPX and IGLD shifts across timeframes, from 0.08 (1 year) to 0.18 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

EIPX vs. IGLD — Risk / Return Rank

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

EIPX

EIPX Risk / Return Rank: 86
EIPX Sharpe Ratio Rank: 83
EIPX Sortino Ratio Rank: 85
EIPX Omega Ratio Rank: 77
EIPX Calmar Ratio Rank: 94
EIPX Martin Ratio Rank: 89

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.

EIPX vs. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Energy Income Partners Strategy ETF (EIPX) 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.

	EIPX	IGLD	Difference
Sharpe ratio: Return per unit of total volatility	2.71	1.06	+1.65
Sortino ratio: Return per unit of downside risk	3.82	1.47	+2.35
Omega ratio: Gain probability vs. loss probability	1.46	1.22	+0.24
Calmar ratio: Return relative to maximum drawdown	7.32	1.40	+5.92
Martin ratio: Return relative to average drawdown	20.31	3.82	+16.49
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EIPX vs. IGLD - Sharpe Ratio Comparison

The current EIPX Sharpe Ratio is 2.71, which is higher than the IGLD Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of EIPX 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

	EIPX	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.71	1.06	+1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	0.94	+0.26

Drawdowns

EIPX vs. IGLD - Drawdown Comparison

The maximum EIPX drawdown since its inception was -15.43%, smaller than the maximum IGLD drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for EIPX and IGLD.

Drawdown Indicators

	EIPX	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-15.43%	-18.59%	+3.16%
Max Drawdown (1Y) Largest decline over 1 year	-4.12%	-17.56%	+13.44%
Max Drawdown (3Y) Largest decline over 3 years	-15.43%	-17.56%	+2.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.59%	—
Current Drawdown Current decline from peak	-2.58%	-15.16%	+12.58%
Average Drawdown Average peak-to-trough decline	-2.27%	-5.24%	+2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.49%	6.43%	-4.94%

Volatility

EIPX vs. IGLD - Volatility Comparison

The current volatility for FT Energy Income Partners Strategy ETF (EIPX) is 4.01%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.12%. This indicates that EIPX 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

	EIPX	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.01%	5.12%	-1.11%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	21.01%	-12.51%
Volatility (1Y) Calculated over the trailing 1-year period	11.17%	23.24%	-12.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.06%	15.17%	-0.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.06%	15.00%	+0.06%

EIPX vs. IGLD - Expense Ratio Comparison

EIPX has a 0.95% expense ratio, which is higher than IGLD's 0.85% expense ratio.

Dividends

EIPX vs. IGLD - Dividend Comparison

EIPX's dividend yield for the trailing twelve months is around 2.68%, less than IGLD's 17.92% yield.

Position	TTM	2025	2024	2023	2022	2021
EIPX FT Energy Income Partners Strategy ETF	2.68%	3.23%	3.27%	3.48%	0.34%	0.00%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	17.92%	9.91%	20.81%	7.85%	4.45%	2.24%

Frequently Asked Questions

Can I hold both EIPX and IGLD in my portfolio?

EIPX and IGLD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EIPX or IGLD?

IGLD has higher volatility (5.12%) compared to EIPX (4.01%). In terms of maximum drawdown, EIPX dropped -15.43% vs IGLD's -18.59%.

Which ETF is better, EIPX or IGLD?

On 3-year performance, IGLD leads with 23.01% vs 21.12% for EIPX. On fees, IGLD is cheaper at 0.85% per year. On volatility, EIPX has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EIPX or IGLD?

Over the 3-year period, IGLD has performed better with a 23.01% return vs 21.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EIPX or IGLD?

IGLD is cheaper with a 0.85% expense ratio, compared with 0.95% for EIPX.

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

IGLD has the higher dividend yield at 17.92%, compared with 2.68% for EIPX.

What is the main difference between EIPX and IGLD?

EIPX is categorized as Energy Equities, while IGLD is Precious Metals. Their fees differ too: 0.95% for EIPX and 0.85% for IGLD.

Which has better risk-adjusted returns?

EIPX currently has the higher Sharpe Ratio (2.71 vs 1.06), 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.