GOLDX vs. IEF
GOLDX (Gabelli Gold Fund) and IEF (iShares 7-10 Year Treasury Bond ETF) are both funds - GOLDX is a Gold fund actively managed by Gabelli, while IEF is a Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. GOLDX is actively managed, while IEF is passively managed. Over the past 10 years, GOLDX returned 12.83%/yr vs 0.59%/yr for IEF. At a 0.09 correlation, their price movements are largely independent. GOLDX charges 1.51%/yr vs 0.15%/yr for IEF.
Performance
GOLDX vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, GOLDX achieves a -9.77% return, which is significantly lower than IEF's -0.47% return. Over the past 10 years, GOLDX has outperformed IEF with an annualized return of 12.83%, while IEF has yielded a comparatively lower 0.59% annualized return.
GOLDX
- 1D
- 5.86%
- 1M
- -20.60%
- YTD
- -9.77%
- 6M
- -8.79%
- 1Y
- 48.95%
- 3Y*
- 40.48%
- 5Y*
- 17.92%
- 10Y*
- 12.83%
IEF
- 1D
- -0.17%
- 1M
- 0.19%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.39%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
GOLDX vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | -9.77% | 165.59% | 14.92% | 7.85% | -11.02% | -8.97% | 26.30% | 43.94% | -14.80% | 6.22% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between GOLDX and IEF is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2002 | 0.09 |
The correlation between GOLDX and IEF shifts across timeframes, from 0.09 (all time) to 0.27 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
GOLDX vs. IEF — Risk / Return Rank
GOLDX
IEF
GOLDX vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gabelli Gold Fund (GOLDX) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
| GOLDX | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.12 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 0.84 | +0.60 |
| Martin ratioReturn relative to average drawdown | 4.10 | 2.35 | +1.75 |
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Drawdowns
GOLDX vs. IEF - Drawdown Comparison
The maximum GOLDX drawdown since its inception was -73.40%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for GOLDX and IEF.
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Drawdown Indicators
| GOLDX | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.40% | -23.93% | -49.47% |
Max Drawdown (1Y)Largest decline over 1 year | -37.54% | -4.07% | -33.47% |
Max Drawdown (3Y)Largest decline over 3 years | -37.54% | -7.74% | -29.80% |
Max Drawdown (5Y)Largest decline over 5 years | -44.73% | -21.40% | -23.33% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -23.93% | -25.49% |
Current DrawdownCurrent decline from peak | -33.88% | -11.18% | -22.70% |
Average DrawdownAverage peak-to-trough decline | -34.49% | -5.35% | -29.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.06% | 1.45% | +11.61% |
Volatility
GOLDX vs. IEF - Volatility Comparison
Gabelli Gold Fund (GOLDX) has a higher volatility of 16.38% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.62%. This indicates that GOLDX's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOLDX | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.38% | 1.62% | +14.76% |
Volatility (6M)Calculated over the trailing 6-month period | 37.44% | 3.42% | +34.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 4.72% | +39.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.94% | 7.71% | +25.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.30% | 6.63% | +25.67% |
GOLDX vs. IEF - Expense Ratio Comparison
GOLDX has a 1.51% expense ratio, which is higher than IEF's 0.15% expense ratio.
Dividends
GOLDX vs. IEF - Dividend Comparison
GOLDX's dividend yield for the trailing twelve months is around 17.26%, more than IEF's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLDX Gabelli Gold Fund | 17.26% | 15.57% | 2.11% | 1.13% | 0.00% | 0.00% | 1.69% | 0.83% | 0.34% | 0.51% | 2.18% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.89% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
GOLDX and IEF have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLDX has higher volatility (16.38%) compared to IEF (1.62%). In terms of maximum drawdown, GOLDX dropped -73.40% vs IEF's -23.93%.
GOLDX currently has the higher Sharpe Ratio (1.22 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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