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 0.73 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 -20.69% return, which is significantly higher than GOLY's -27.51% return.
GLDB
- 1D
- -3.05%
- 1M
- -8.09%
- 6M
- -27.51%
- YTD
- -20.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOLY
- 1D
- -3.10%
- 1M
- -5.87%
- 6M
- -31.45%
- YTD
- -27.51%
- 1Y
- -11.02%
- 3Y*
- 13.08%
- 5Y*
- 4.15%
- 10Y*
- —
GLDB vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | -20.69% | -3.56% |
GOLY Strategy Shares Gold-Hedged Bond ETF | -27.51% | 4.05% |
Correlation
The correlation between GLDB and GOLY is 0.73, 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 24, 2025 | 0.73 |
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Return for Risk
GLDB vs. GOLY — Risk / Return Rank
GLDB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLDB | GOLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.97 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.30 | — |
| Martin ratioReturn relative to average drawdown | — | -0.65 | — |
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Drawdowns
GLDB vs. GOLY - Drawdown Comparison
The maximum GLDB drawdown since its inception was -38.30%, roughly equal to the maximum GOLY drawdown of -37.45%. 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 | -38.30% | -37.45% | -0.85% |
Max Drawdown (1Y)Largest decline over 1 year | — | -37.45% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -37.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -37.45% | — |
Current DrawdownCurrent decline from peak | -36.88% | -37.45% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -16.34% | -12.30% | -4.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.05% | — |
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 | — | 8.43% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 30.38% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 39.76% | 34.00% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.76% | 22.70% | +17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.76% | 22.46% | +17.30% |
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 0.24%, less than GOLY's 10.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GLDB Strategy Shares Gold-Hedged Bond ETF | 0.24% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
GOLY Strategy Shares Gold-Hedged Bond ETF | 10.15% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
Frequently Asked Questions
GLDB and GOLY have a correlation of 0.73, 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 10.15%, compared with 0.24% for GLDB.
GLDB tracks Solactive Gold Backed Bond Index - Benchmark TR Gross, while GOLY tracks Solactive Gold-Backed Bond Index.
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