GLD vs. IGLD
Compare and contrast key facts about SPDR Gold Shares (GLD) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD).
GLD and IGLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLD is a passively managed fund by State Street that tracks the performance of the LBMA Gold Price PM. It was launched on Nov 18, 2004. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021.
Performance
GLD vs. IGLD - Performance Comparison
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GLD vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 8.57% | 63.68% | 26.66% | 12.69% | -0.77% | 6.44% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 5.99% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Returns By Period
In the year-to-date period, GLD achieves a 8.57% return, which is significantly higher than IGLD's 5.99% return.
GLD
- 1D
- 3.79%
- 1M
- -11.05%
- YTD
- 8.57%
- 6M
- 21.05%
- 1Y
- 49.33%
- 3Y*
- 32.92%
- 5Y*
- 21.58%
- 10Y*
- 13.92%
IGLD
- 1D
- 3.70%
- 1M
- -10.43%
- YTD
- 5.99%
- 6M
- 16.73%
- 1Y
- 38.18%
- 3Y*
- 24.46%
- 5Y*
- 15.50%
- 10Y*
- —
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GLD vs. IGLD - Expense Ratio Comparison
GLD has a 0.40% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Return for Risk
GLD vs. IGLD — Risk / Return Rank
GLD
IGLD
GLD vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Gold Shares (GLD) 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.
| GLD | IGLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.79 | 1.62 | +0.17 |
Sortino ratioReturn per unit of downside risk | 2.21 | 2.09 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.32 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.25 | +0.43 |
Martin ratioReturn relative to average drawdown | 9.90 | 9.68 | +0.22 |
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
| GLD | IGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.79 | 1.62 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.22 | 1.05 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 1.05 | -0.42 |
Correlation
The correlation between GLD and IGLD is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GLD vs. IGLD - Dividend Comparison
GLD has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 12.45%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 12.45% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Drawdowns
GLD vs. IGLD - Drawdown Comparison
The maximum GLD drawdown since its inception was -45.56%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for GLD and IGLD.
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Drawdown Indicators
| GLD | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.56% | -18.59% | -26.97% |
Max Drawdown (1Y)Largest decline over 1 year | -19.21% | -17.56% | -1.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.03% | -18.59% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | -22.00% | — | — |
Current DrawdownCurrent decline from peak | -13.23% | -11.57% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -16.17% | -5.01% | -11.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 4.08% | +1.12% |
Volatility
GLD vs. IGLD - Volatility Comparison
SPDR Gold Shares (GLD) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD) have volatilities of 11.06% and 11.19%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLD | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.06% | 11.19% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 24.30% | 21.21% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.80% | 23.75% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.74% | 14.90% | +2.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.87% | 14.86% | +1.01% |