GLDB vs. FTBD
GLDB (Strategy Shares Gold-Hedged Bond ETF) and FTBD (Fidelity Tactical Bond ETF) are both Nontraditional Bonds funds. GLDB is passively managed, while FTBD is actively managed. At a 0.26 correlation, their price movements are largely independent. GLDB charges 0.79%/yr vs 0.55%/yr for FTBD.
Performance
GLDB vs. FTBD - Performance Comparison
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Returns By Period
In the year-to-date period, GLDB achieves a -7.90% return, which is significantly lower than FTBD's 0.99% return.
GLDB
- 1D
- -2.17%
- 1M
- -7.55%
- YTD
- -7.90%
- 6M
- -6.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTBD
- 1D
- -0.17%
- 1M
- 0.44%
- YTD
- 0.99%
- 6M
- 0.67%
- 1Y
- 6.48%
- 3Y*
- 5.08%
- 5Y*
- —
- 10Y*
- —
GLDB vs. FTBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | -7.90% | -3.51% |
FTBD Fidelity Tactical Bond ETF | 0.99% | -0.35% |
Correlation
The correlation between GLDB and FTBD is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.26 |
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Return for Risk
GLDB vs. FTBD — Risk / Return Rank
GLDB
FTBD
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.
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Sharpe Ratios by Period
| GLDB | FTBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.75 | -1.20 |
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.
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Drawdown Indicators
| GLDB | FTBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -6.98% | -20.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.98% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -6.56% | — |
Current DrawdownCurrent decline from peak | -26.71% | -1.15% | -25.56% |
Average DrawdownAverage peak-to-trough decline | -13.44% | -1.57% | -11.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.87% | — |
Volatility
GLDB vs. FTBD - Volatility Comparison
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Volatility by Period
| GLDB | FTBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.17% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.96% | 4.32% | +35.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.96% | 5.87% | +34.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.96% | 5.87% | +34.09% |
GLDB vs. FTBD - Expense Ratio Comparison
GLDB has a 0.79% expense ratio, which is higher than FTBD's 0.55% expense ratio.
Dividends
GLDB vs. FTBD - Dividend Comparison
GLDB's dividend yield for the trailing twelve months is around 0.21%, less than FTBD's 5.03% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FTBD Fidelity Tactical Bond ETF | 5.03% | 5.04% | 4.76% | 4.69% |
GLDB Strategy Shares Gold-Hedged Bond ETF | 0.21% | 0.19% | 0.00% | 0.00% |
Frequently Asked Questions
GLDB and FTBD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FTBD is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FTBD is cheaper with a 0.55% expense ratio, compared with 0.79% for GLDB.
FTBD has the higher dividend yield at 5.03%, compared with 0.21% for GLDB.
They also come from different issuers: Strategy Shares and Fidelity. Their fees differ too: 0.79% for GLDB and 0.55% for FTBD.
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