GLDB vs. IGLD

Last updated Apr 1, 2026

Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GLDB) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD).

GLDB and IGLD 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. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021.

Performance

GLDB vs. IGLD - Performance Comparison

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

GLDB vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025
GLDB Strategy Shares Gold-Hedged Bond ETF	-2.60%	-3.51%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	5.99%	5.47%

Returns By Period

In the year-to-date period, GLDB achieves a -2.60% return, which is significantly lower than IGLD's 5.99% return.

GLDB

• 1D: 3.72%
• 1M: -6.76%
• YTD: -2.60%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IGLD

• 1D: 3.70%
• 1M: -10.43%
• YTD: 5.99%
• 6M: 16.73%
• 1Y: 38.18%
• 3Y*: 24.46%
• 5Y*: 15.50%
• 10Y*: —

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

GLDB vs. IGLD - Expense Ratio Comparison

GLDB has a 0.79% expense ratio, which is lower than IGLD's 0.85% expense ratio.

IGLD

FT Cboe Vest Gold Strategy Target Income ETF

GLDB

Strategy Shares Gold-Hedged Bond ETF

Return for Risk

GLDB vs. IGLD — Risk / Return Rank

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

IGLD

IGLD Risk / Return Rank: 84
IGLD Sharpe Ratio Rank: 84
IGLD Sortino Ratio Rank: 83
IGLD Omega Ratio Rank: 84
IGLD Calmar Ratio Rank: 83
IGLD Martin Ratio Rank: 86

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. IGLD - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	GLDB	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.62	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.31	1.05	-1.35

Correlation

The correlation between GLDB and IGLD is 0.75, 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

GLDB vs. IGLD - Dividend Comparison

GLDB's dividend yield for the trailing twelve months is around 0.20%, less than IGLD's 12.45% yield.

	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%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	12.45%	9.91%	20.81%	7.85%	4.45%	2.24%

Drawdowns

GLDB vs. IGLD - Drawdown Comparison

The maximum GLDB drawdown since its inception was -27.36%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for GLDB and IGLD.

Drawdown Indicators

	GLDB	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-27.36%	-18.59%	-8.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.59%	—
Current Drawdown Current decline from peak	-22.48%	-11.57%	-10.91%
Average Drawdown Average peak-to-trough decline	-10.62%	-5.01%	-5.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.08%	—

Volatility

Volatility by Period

	GLDB	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	44.68%	23.75%	+20.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.68%	14.90%	+29.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.68%	14.86%	+29.82%