FYT vs. IGLD
FYT (First Trust Small Cap Value AlphaDEX Fund) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - FYT is a Small Cap Value Equities fund tracking the NASDAQ AlphaDEX Small Cap Value Index, while IGLD is a Precious Metals fund actively managed by First Trust. FYT is passively managed, while IGLD is actively managed. Over the past 5 years, FYT returned 5.74%/yr vs 13.02%/yr for IGLD. At a 0.10 correlation, their price movements are largely independent. FYT charges 0.72%/yr vs 0.85%/yr for IGLD.
Performance
FYT vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, FYT achieves a 15.42% return, which is significantly higher than IGLD's 1.69% return.
FYT
- 1D
- -1.70%
- 1M
- -1.10%
- YTD
- 15.42%
- 6M
- 14.14%
- 1Y
- 34.20%
- 3Y*
- 15.03%
- 5Y*
- 5.74%
- 10Y*
- 9.99%
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
FYT vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FYT First Trust Small Cap Value AlphaDEX Fund | 15.42% | 4.00% | 3.24% | 22.90% | -14.05% | 10.01% |
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 FYT and IGLD is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.10 |
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Return for Risk
FYT vs. IGLD — Risk / Return Rank
FYT
IGLD
FYT vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Value AlphaDEX Fund (FYT) 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.
| FYT | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.77 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 1.40 | +2.72 |
| Martin ratioReturn relative to average drawdown | 11.64 | 3.82 | +7.81 |
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
| FYT | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.06 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.86 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.94 | -0.55 |
Drawdowns
FYT vs. IGLD - Drawdown Comparison
The maximum FYT drawdown since its inception was -50.48%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for FYT and IGLD.
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Drawdown Indicators
| FYT | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.48% | -18.59% | -31.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -17.56% | +9.22% |
Max Drawdown (3Y)Largest decline over 3 years | -28.90% | -17.56% | -11.34% |
Max Drawdown (5Y)Largest decline over 5 years | -28.90% | -18.59% | -10.31% |
Max Drawdown (10Y)Largest decline over 10 years | -50.48% | — | — |
Current DrawdownCurrent decline from peak | -2.65% | -15.16% | +12.51% |
Average DrawdownAverage peak-to-trough decline | -8.54% | -5.24% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 6.43% | -3.48% |
Volatility
FYT vs. IGLD - Volatility Comparison
The current volatility for First Trust Small Cap Value AlphaDEX Fund (FYT) is 4.66%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.12%. This indicates that FYT 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
| FYT | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 5.12% | -0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.62% | 21.01% | -9.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 23.24% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 15.17% | +7.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.96% | 15.00% | +10.96% |
FYT vs. IGLD - Expense Ratio Comparison
FYT has a 0.72% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
FYT vs. IGLD - Dividend Comparison
FYT's dividend yield for the trailing twelve months is around 1.12%, less than IGLD's 17.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYT First Trust Small Cap Value AlphaDEX Fund | 1.12% | 0.94% | 2.07% | 1.50% | 1.36% | 1.19% | 0.96% | 1.44% | 1.78% | 1.16% | 1.16% | 0.96% |
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
FYT and IGLD have a correlation of 0.10, 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 FYT (4.66%). In terms of maximum drawdown, FYT dropped -50.48% vs IGLD's -18.59%.
On 5-year performance, IGLD leads with 13.02% vs 5.74% for FYT. On fees, FYT is cheaper at 0.72% per year. On volatility, FYT has been the lower-risk option at 4.66%. 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 13.02% return vs 5.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FYT is cheaper with a 0.72% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 1.12% for FYT.
FYT is categorized as Small Cap Value Equities, while IGLD is Precious Metals. Their fees differ too: 0.72% for FYT and 0.85% for IGLD.
FYT currently has the higher Sharpe Ratio (1.83 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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