FLM vs. IGLD
FLM (First Trust Global Engineering and Construction ETF) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - FLM is a Building & Construction fund tracking the ISE Global Engineering & Construction Index, while IGLD is a Gold fund actively managed by First Trust. FLM is passively managed, while IGLD is actively managed. A 0.50 correlation means they provide meaningful diversification when combined. FLM charges 0.70%/yr vs 0.85%/yr for IGLD.
Performance
FLM vs. IGLD - Performance Comparison
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Returns By Period
FLM
- 1D
- -4.55%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGLD
- 1D
- -0.63%
- 1M
- -6.25%
- YTD
- -3.67%
- 6M
- -5.24%
- 1Y
- 17.49%
- 3Y*
- 21.13%
- 5Y*
- 13.19%
- 10Y*
- —
FLM vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
FLM First Trust Global Engineering and Construction ETF | -4.55% |
IGLD FT Vest Gold Strategy Target Income ETF | -6.04% |
Correlation
The correlation between FLM and IGLD is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 5, 2026 | 0.50 |
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Return for Risk
FLM vs. IGLD — Risk / Return Rank
FLM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IGLD
FLM vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Engineering and Construction ETF (FLM) and FT 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.
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.
| FLM | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.80 | — |
| Martin ratioReturn relative to average drawdown | — | 2.32 | — |
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Drawdowns
FLM vs. IGLD - Drawdown Comparison
The maximum FLM drawdown since its inception was -4.55%, smaller than the maximum IGLD drawdown of -21.90%. Use the drawdown chart below to compare losses from any high point for FLM and IGLD.
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Drawdown Indicators
| FLM | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -21.90% | +17.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -21.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.90% | — |
Current DrawdownCurrent decline from peak | -4.55% | -19.63% | +15.08% |
Average DrawdownAverage peak-to-trough decline | -2.27% | -5.35% | +3.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 7.56% | — |
Volatility
FLM vs. IGLD - Volatility Comparison
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Volatility by Period
| FLM | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.99% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 22.26% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 51.02% | 24.36% | +26.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.02% | 15.45% | +35.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.02% | 15.28% | +35.74% |
FLM vs. IGLD - Expense Ratio Comparison
FLM has a 0.70% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
FLM vs. IGLD - Dividend Comparison
FLM has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 18.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FLM First Trust Global Engineering and Construction ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLD FT Vest Gold Strategy Target Income ETF | 18.91% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
FLM and IGLD have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLM is cheaper at 0.70% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLM is cheaper with a 0.70% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 18.91%, compared with 0.00% for FLM.
FLM is categorized as Building & Construction, while IGLD is Gold. Their fees differ too: 0.70% for FLM and 0.85% for IGLD.
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