FBDC vs. IGLD

Last updated Apr 2, 2026

Compare and contrast key facts about FT Confluence BDC & Specialty Finance Income ETF (FBDC) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD).

FBDC and IGLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FBDC is an actively managed fund by First Trust. It was launched on Jun 30, 2025. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021.

Performance

FBDC vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Confluence BDC & Specialty Finance Income ETF (FBDC) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

FBDC vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025
FBDC FT Confluence BDC & Specialty Finance Income ETF	-11.13%	-2.43%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	7.26%	23.65%

Returns By Period

In the year-to-date period, FBDC achieves a -11.13% return, which is significantly lower than IGLD's 7.26% return.

FBDC

• 1D: -1.40%
• 1M: -0.93%
• YTD: -11.13%
• 6M: -9.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IGLD

• 1D: 1.19%
• 1M: -10.51%
• YTD: 7.26%
• 6M: 18.12%
• 1Y: 40.06%
• 3Y*: 24.96%
• 5Y*: 15.78%
• 10Y*: —

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

FBDC vs. IGLD - Expense Ratio Comparison

FBDC has a 13.69% expense ratio, which is higher than IGLD's 0.85% expense ratio.

FBDC

FT Confluence BDC & Specialty Finance Income ETF

IGLD

FT Cboe Vest Gold Strategy Target Income ETF

Return for Risk

FBDC vs. IGLD — Risk / Return Rank

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

IGLD

IGLD Risk / Return Rank: 82
IGLD Sharpe Ratio Rank: 83
IGLD Sortino Ratio Rank: 81
IGLD Omega Ratio Rank: 83
IGLD Calmar Ratio Rank: 80
IGLD Martin Ratio Rank: 83

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.

FBDC vs. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Confluence BDC & Specialty Finance Income ETF (FBDC) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FBDC	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.69	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	1.06	-2.06

Correlation

The correlation between FBDC and IGLD is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

FBDC vs. IGLD - Dividend Comparison

FBDC's dividend yield for the trailing twelve months is around 9.41%, less than IGLD's 13.93% yield.

	TTM	2025	2024	2023	2022	2021
FBDC FT Confluence BDC & Specialty Finance Income ETF	9.41%	5.41%	0.00%	0.00%	0.00%	0.00%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	13.93%	9.91%	20.81%	7.85%	4.45%	2.24%

Drawdowns

FBDC vs. IGLD - Drawdown Comparison

The maximum FBDC drawdown since its inception was -20.60%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FBDC and IGLD.

Drawdown Indicators

	FBDC	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-20.60%	-18.59%	-2.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.59%	—
Current Drawdown Current decline from peak	-18.72%	-10.51%	-8.21%
Average Drawdown Average peak-to-trough decline	-9.16%	-5.01%	-4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.13%	—

Volatility

Volatility by Period

	FBDC	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.38%	23.76%	-6.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.38%	14.90%	+2.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.38%	14.86%	+2.52%