GOGL vs. IVOL
Compare and contrast key facts about Golden Ocean Group Limited (GOGL) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL).
IVOL is an actively managed fund by CICC. It was launched on May 13, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GOGL or IVOL.
Performance
GOGL vs. IVOL - Performance Comparison
Returns By Period
In the year-to-date period, GOGL achieves a 22.66% return, which is significantly higher than IVOL's -11.20% return.
GOGL
22.66%
4.11%
-19.28%
37.35%
27.66%
-3.16%
IVOL
-11.20%
-4.16%
-0.74%
-9.53%
-3.35%
N/A
Key characteristics
| GOGL | IVOL | |
|---|---|---|
| Sharpe Ratio | 1.06 | -1.00 |
| Sortino Ratio | 1.58 | -1.31 |
| Omega Ratio | 1.19 | 0.84 |
| Calmar Ratio | 0.45 | -0.32 |
| Martin Ratio | 2.63 | -1.27 |
| Ulcer Index | 14.18% | 7.51% |
| Daily Std Dev | 35.10% | 9.50% |
| Max Drawdown | -96.87% | -29.87% |
| Current Drawdown | -75.64% | -29.87% |
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Correlation
The correlation between GOGL and IVOL is 0.05, 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.
Risk-Adjusted Performance
GOGL vs. IVOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Golden Ocean Group Limited (GOGL) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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.
Dividends
GOGL vs. IVOL - Dividend Comparison
GOGL's dividend yield for the trailing twelve months is around 8.98%, more than IVOL's 3.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOGL Golden Ocean Group Limited | 8.98% | 5.12% | 27.04% | 17.20% | 1.08% | 5.60% | 7.32% | 0.00% | 0.00% | 0.00% | 15.34% | 8.47% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.91% | 3.73% | 3.91% | 3.93% | 3.44% | 2.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GOGL vs. IVOL - Drawdown Comparison
The maximum GOGL drawdown since its inception was -96.87%, which is greater than IVOL's maximum drawdown of -29.87%. Use the drawdown chart below to compare losses from any high point for GOGL and IVOL. For additional features, visit the drawdowns tool.
Volatility
GOGL vs. IVOL - Volatility Comparison
Golden Ocean Group Limited (GOGL) has a higher volatility of 10.18% compared to Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) at 2.38%. This indicates that GOGL's price experiences larger fluctuations and is considered to be riskier than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.