GLDB vs. FTBD

Last updated Apr 2, 2026

Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GLDB) and Fidelity Tactical Bond ETF (FTBD).

GLDB and FTBD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDB is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold Backed Bond Index - Benchmark TR Gross. It was launched on May 17, 2021. FTBD is an actively managed fund by Fidelity. It was launched on Jan 24, 2023.

Performance

GLDB vs. FTBD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GLDB) and Fidelity Tactical Bond ETF (FTBD). The values are adjusted to include any dividend payments, if applicable.

GLDB vs. FTBD - Yearly Performance Comparison

	2026 (YTD)	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	-1.61%	-3.51%
FTBD Fidelity Tactical Bond ETF	0.43%	-0.35%

Returns By Period

In the year-to-date period, GLDB achieves a -1.61% return, which is significantly lower than FTBD's 0.43% return.

GLDB

• 1D: 1.02%
• 1M: -7.02%
• YTD: -1.61%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTBD

• 1D: 0.13%
• 1M: -1.29%
• YTD: 0.43%
• 6M: 1.07%
• 1Y: 5.47%
• 3Y*: 4.67%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDB vs. FTBD - Expense Ratio Comparison

GLDB has a 0.79% expense ratio, which is higher than FTBD's 0.55% expense ratio.

GLDB

Strategy Shares Gold-Hedged Bond ETF

FTBD

Fidelity Tactical Bond ETF

Return for Risk

GLDB vs. FTBD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTBD

FTBD Risk / Return Rank: 63
FTBD Sharpe Ratio Rank: 65
FTBD Sortino Ratio Rank: 64
FTBD Omega Ratio Rank: 52
FTBD Calmar Ratio Rank: 72
FTBD Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDB vs. FTBD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) and Fidelity Tactical Bond ETF (FTBD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GLDB	FTBD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.18	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.26	0.75	-1.01

Correlation

The correlation between GLDB and FTBD is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GLDB vs. FTBD - Dividend Comparison

GLDB's dividend yield for the trailing twelve months is around 0.19%, less than FTBD's 5.07% yield.

	TTM	2025	2024	2023
GLDB Strategy Shares Gold-Hedged Bond ETF	0.19%	0.19%	0.00%	0.00%
FTBD Fidelity Tactical Bond ETF	5.07%	5.04%	4.76%	4.69%

Drawdowns

GLDB vs. FTBD - Drawdown Comparison

The maximum GLDB drawdown since its inception was -27.36%, which is greater than FTBD's maximum drawdown of -6.98%. Use the drawdown chart below to compare losses from any high point for GLDB and FTBD.

Drawdown Indicators

	GLDB	FTBD	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-6.98%	-20.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.98%	—
Current Drawdown Current decline from peak	-21.70%	-1.70%	-20.00%
Average Drawdown Average peak-to-trough decline	-10.72%	-1.59%	-9.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.89%	—

Volatility

Volatility by Period

	GLDB	FTBD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.17%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.50%	4.66%	+39.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.50%	5.94%	+38.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.50%	5.94%	+38.56%