FTQI vs. IGLD
FTQI (First Trust Nasdaq BuyWrite Income ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - FTQI is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while IGLD is a Precious Metals fund actively managed by First Trust. FTQI is passively managed, while IGLD is actively managed. Over the past 5 years, FTQI returned 10.97%/yr vs 13.20%/yr for IGLD. At a 0.14 correlation, their price movements are largely independent. FTQI charges 0.75%/yr vs 0.85%/yr for IGLD.
Performance
FTQI vs. IGLD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTQI achieves a 11.03% return, which is significantly higher than IGLD's 2.52% return.
FTQI
- 1D
- 0.23%
- 1M
- 4.05%
- YTD
- 11.03%
- 6M
- 11.53%
- 1Y
- 28.07%
- 3Y*
- 17.30%
- 5Y*
- 10.97%
- 10Y*
- 8.00%
IGLD
- 1D
- 0.82%
- 1M
- -0.97%
- YTD
- 2.52%
- 6M
- 5.30%
- 1Y
- 25.16%
- 3Y*
- 23.03%
- 5Y*
- 13.20%
- 10Y*
- —
FTQI vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 11.03% | 12.68% | 18.30% | 23.63% | -8.77% | 7.36% |
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 FTQI and IGLD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
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 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTQI vs. IGLD — Risk / Return Rank
FTQI
IGLD
FTQI vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq BuyWrite Income ETF (FTQI) 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.
| FTQI | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.26 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.23 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 4.52 | 1.44 | +3.08 |
| Martin ratioReturn relative to average drawdown | 21.94 | 3.88 | +18.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FTQI | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 1.09 | +1.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.87 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.95 | -0.42 |
Drawdowns
FTQI vs. IGLD - Drawdown Comparison
The maximum FTQI drawdown since its inception was -19.42%, roughly equal to the maximum IGLD drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FTQI and IGLD.
Loading charts...
Drawdown Indicators
| FTQI | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.42% | -18.59% | -0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.24% | -17.56% | +11.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.42% | -17.56% | -1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -19.42% | -18.59% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -19.42% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -14.46% | +14.46% |
Average DrawdownAverage peak-to-trough decline | -3.75% | -5.25% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.28% | 6.49% | -5.21% |
Volatility
FTQI vs. IGLD - Volatility Comparison
The current volatility for First Trust Nasdaq BuyWrite Income ETF (FTQI) is 1.66%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.17%. This indicates that FTQI 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.
Loading charts...
Volatility by Period
| FTQI | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 5.17% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.24% | 21.01% | -12.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.33% | 23.24% | -12.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.81% | 15.17% | -0.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.35% | 15.00% | -1.65% |
FTQI vs. IGLD - Expense Ratio Comparison
FTQI has a 0.75% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
FTQI vs. IGLD - Dividend Comparison
FTQI's dividend yield for the trailing twelve months is around 10.94%, less than IGLD's 17.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTQI First Trust Nasdaq BuyWrite Income ETF | 10.94% | 11.46% | 11.66% | 11.49% | 9.85% | 3.05% | 3.27% | 2.95% | 3.27% | 2.74% | 3.02% | 3.54% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FTQI and IGLD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.17%) compared to FTQI (1.66%). In terms of maximum drawdown, FTQI dropped -19.42% vs IGLD's -18.59%.
On 5-year performance, IGLD leads with 13.20% vs 10.97% for FTQI. On fees, FTQI is cheaper at 0.75% per year. On volatility, FTQI has been the lower-risk option at 1.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGLD has performed better with a 13.20% return vs 10.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTQI is cheaper with a 0.75% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.77%, compared with 10.94% for FTQI.
FTQI is categorized as Nasdaq-100, while IGLD is Precious Metals. Their fees differ too: 0.75% for FTQI and 0.85% for IGLD.
FTQI currently has the higher Sharpe Ratio (2.73 vs 1.09), 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.
Find the right allocation for FTQI and IGLD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer