GLDB vs. GOLY
GLDB (Strategy Shares Gold-Hedged Bond ETF) and GOLY (Strategy Shares Gold-Hedged Bond ETF) are both Nontraditional Bonds funds from Strategy Shares - GLDB tracks the Solactive Gold Backed Bond Index - Benchmark TR Gross while GOLY tracks the Solactive Gold-Backed Bond Index. Both are passively managed. A 0.70 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.
Performance
GLDB vs. GOLY - Performance Comparison
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Returns By Period
In the year-to-date period, GLDB achieves a -5.86% return, which is significantly higher than GOLY's -17.86% return.
GLDB
- 1D
- -1.65%
- 1M
- -6.56%
- YTD
- -5.86%
- 6M
- -3.20%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOLY
- 1D
- 0.18%
- 1M
- -2.36%
- YTD
- -17.86%
- 6M
- -14.48%
- 1Y
- 4.45%
- 3Y*
- 17.97%
- 5Y*
- 6.38%
- 10Y*
- —
GLDB vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | -5.86% | -3.51% |
GOLY Strategy Shares Gold-Hedged Bond ETF | -17.86% | 3.59% |
Correlation
The correlation between GLDB and GOLY is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.70 |
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Return for Risk
GLDB vs. GOLY — Risk / Return Rank
GLDB
GOLY
GLDB vs. GOLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GLDB) and Strategy Shares Gold-Hedged Bond ETF (GOLY). 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 | GOLY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.14 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | 0.30 | -0.68 |
Drawdowns
GLDB vs. GOLY - Drawdown Comparison
The maximum GLDB drawdown since its inception was -27.36%, smaller than the maximum GOLY drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for GLDB and GOLY.
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Drawdown Indicators
| GLDB | GOLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.36% | -35.99% | +8.63% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -35.99% | — |
Current DrawdownCurrent decline from peak | -25.08% | -29.13% | +4.05% |
Average DrawdownAverage peak-to-trough decline | -13.35% | -11.84% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.85% | — |
Volatility
GLDB vs. GOLY - Volatility Comparison
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Volatility by Period
| GLDB | GOLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 29.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.99% | 32.94% | +7.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.99% | 22.29% | +17.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.99% | 22.21% | +17.78% |
GLDB vs. GOLY - Expense Ratio Comparison
Both GLDB and GOLY have an expense ratio of 0.79%.
Dividends
GLDB vs. GOLY - Dividend Comparison
GLDB's dividend yield for the trailing twelve months is around 0.20%, less than GOLY's 9.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | 0.20% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.59% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
Frequently Asked Questions
GLDB and GOLY have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLDB and GOLY have the same expense ratio: 0.79% per year.
GOLY has the higher dividend yield at 9.59%, compared with 0.20% for GLDB.
GLDB tracks Solactive Gold Backed Bond Index - Benchmark TR Gross, while GOLY tracks Solactive Gold-Backed Bond Index.
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