FTSM vs. IGLD
FTSM (First Trust Enhanced Short Maturity ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - FTSM is a Ultrashort Bond 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 5 years, FTSM returned 3.45%/yr vs 13.02%/yr for IGLD. At a 0.21 correlation, their price movements are largely independent. FTSM charges 0.44%/yr vs 0.85%/yr for IGLD.
Performance
FTSM vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, FTSM achieves a 1.43% return, which is significantly lower than IGLD's 1.69% return.
FTSM
- 1D
- -0.05%
- 1M
- 0.33%
- YTD
- 1.43%
- 6M
- 1.77%
- 1Y
- 4.16%
- 3Y*
- 4.84%
- 5Y*
- 3.45%
- 10Y*
- 2.54%
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
FTSM vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 1.43% | 4.66% | 5.22% | 5.12% | 1.02% | -0.05% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between FTSM and IGLD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.21 |
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Return for Risk
FTSM vs. IGLD — Risk / Return Rank
FTSM
IGLD
FTSM vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) 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.
| FTSM | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.71 | ||
| Sortino ratioReturn per unit of downside risk | +19.22 | ||
| Omega ratioGain probability vs. loss probability | 4.37 | 1.22 | +3.15 |
| Calmar ratioReturn relative to maximum drawdown | 35.73 | 1.40 | +34.33 |
| Martin ratioReturn relative to average drawdown | 177.67 | 3.82 | +173.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTSM | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.78 | 1.06 | +7.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 7.02 | 0.86 | +6.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 2.89 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.96 | 0.94 | +1.02 |
Drawdowns
FTSM vs. IGLD - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, smaller than the maximum IGLD drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FTSM and IGLD.
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Drawdown Indicators
| FTSM | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -18.59% | +14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -17.56% | +17.44% |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | -17.56% | +17.41% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -18.59% | +17.94% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | — | — |
Current DrawdownCurrent decline from peak | -0.05% | -15.16% | +15.11% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -5.24% | +5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 6.43% | -6.41% |
Volatility
FTSM vs. IGLD - Volatility Comparison
The current volatility for First Trust Enhanced Short Maturity ETF (FTSM) is 0.16%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.12%. This indicates that FTSM 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.
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Volatility by Period
| FTSM | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 5.12% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 0.35% | 21.01% | -20.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.48% | 23.24% | -22.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.49% | 15.17% | -14.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.88% | 15.00% | -14.12% |
FTSM vs. IGLD - Expense Ratio Comparison
FTSM has a 0.44% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
FTSM vs. IGLD - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.16%, less than IGLD's 17.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.16% | 4.28% | 4.91% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.14% | 1.49% | 1.03% | 0.48% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 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
FTSM and IGLD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.12%) compared to FTSM (0.16%). In terms of maximum drawdown, FTSM dropped -4.12% vs IGLD's -18.59%.
On 5-year performance, IGLD leads with 13.02% vs 3.45% for FTSM. On fees, FTSM is cheaper at 0.44% per year. On volatility, FTSM has been the lower-risk option at 0.16%. 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 13.02% return vs 3.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSM is cheaper with a 0.44% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 4.16% for FTSM.
FTSM is categorized as Ultrashort Bond, while IGLD is Precious Metals. Their fees differ too: 0.44% for FTSM and 0.85% for IGLD.
FTSM currently has the higher Sharpe Ratio (8.78 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.
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