FXZ vs. IGLD
FXZ (First Trust Materials AlphaDEX Fund) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - FXZ is a Materials fund tracking the StrataQuant Materials Index, while IGLD is a Precious Metals fund actively managed by First Trust. FXZ is passively managed, while IGLD is actively managed. Over the past 5 years, FXZ returned 7.84%/yr vs 13.02%/yr for IGLD. At a 0.25 correlation, their price movements are largely independent. FXZ charges 0.67%/yr vs 0.85%/yr for IGLD.
Performance
FXZ vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, FXZ achieves a 29.62% return, which is significantly higher than IGLD's 1.69% return.
FXZ
- 1D
- -0.40%
- 1M
- 5.70%
- YTD
- 29.62%
- 6M
- 33.34%
- 1Y
- 53.31%
- 3Y*
- 13.07%
- 5Y*
- 7.84%
- 10Y*
- 11.67%
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
FXZ vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 29.62% | 16.25% | -16.31% | 16.27% | -0.92% | 20.17% |
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 FXZ and IGLD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.25 |
The correlation between FXZ and IGLD shifts across timeframes, from 0.25 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FXZ vs. IGLD — Risk / Return Rank
FXZ
IGLD
FXZ vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Materials AlphaDEX Fund (FXZ) 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.
| FXZ | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.20 | 1.40 | +2.80 |
| Martin ratioReturn relative to average drawdown | 15.80 | 3.82 | +11.97 |
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
| FXZ | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.45 | 1.06 | +1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.86 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.94 | -0.59 |
Drawdowns
FXZ vs. IGLD - Drawdown Comparison
The maximum FXZ drawdown since its inception was -65.46%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FXZ and IGLD.
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Drawdown Indicators
| FXZ | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.46% | -18.59% | -46.87% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -17.56% | +4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -33.99% | -17.56% | -16.43% |
Max Drawdown (5Y)Largest decline over 5 years | -33.99% | -18.59% | -15.40% |
Max Drawdown (10Y)Largest decline over 10 years | -49.41% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -15.16% | +14.76% |
Average DrawdownAverage peak-to-trough decline | -11.36% | -5.24% | -6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 6.43% | -3.05% |
Volatility
FXZ vs. IGLD - Volatility Comparison
First Trust Materials AlphaDEX Fund (FXZ) has a higher volatility of 7.04% compared to FT Cboe Vest Gold Strategy Target Income ETF (IGLD) at 5.12%. This indicates that FXZ's price experiences larger fluctuations and is considered to be riskier 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
| FXZ | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 5.12% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 16.40% | 21.01% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.87% | 23.24% | -1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.13% | 15.17% | +8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.87% | 15.00% | +9.87% |
FXZ vs. IGLD - Expense Ratio Comparison
FXZ has a 0.67% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
FXZ vs. IGLD - Dividend Comparison
FXZ's dividend yield for the trailing twelve months is around 1.38%, less than IGLD's 17.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 1.38% | 1.74% | 1.81% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% |
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
FXZ and IGLD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXZ has higher volatility (7.04%) compared to IGLD (5.12%). In terms of maximum drawdown, FXZ dropped -65.46% vs IGLD's -18.59%.
On 5-year performance, IGLD leads with 13.02% vs 7.84% for FXZ. On fees, FXZ is cheaper at 0.67% per year. On volatility, IGLD has been the lower-risk option at 5.12%. 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 7.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXZ is cheaper with a 0.67% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 1.38% for FXZ.
FXZ is categorized as Materials, while IGLD is Precious Metals. Their fees differ too: 0.67% for FXZ and 0.85% for IGLD.
FXZ currently has the higher Sharpe Ratio (2.45 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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