GOLY vs. EINC
GOLY (Strategy Shares Gold-Hedged Bond ETF) and EINC (VanEck Energy Income ETF) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index, while EINC is a Energy Equities fund tracking the MVIS North America Energy Infrastructure Index. Both are passively managed. Over the past 5 years, GOLY returned 5.95%/yr vs 20.86%/yr for EINC. At a 0.11 correlation, their price movements are largely independent. GOLY charges 0.79%/yr vs 0.45%/yr for EINC.
Performance
GOLY vs. EINC - Performance Comparison
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Returns By Period
In the year-to-date period, GOLY achieves a -23.60% return, which is significantly lower than EINC's 24.27% return.
GOLY
- 1D
- -1.22%
- 1M
- -6.92%
- YTD
- -23.60%
- 6M
- -25.65%
- 1Y
- -6.67%
- 3Y*
- 15.85%
- 5Y*
- 5.95%
- 10Y*
- —
EINC
- 1D
- 1.33%
- 1M
- -5.79%
- YTD
- 24.27%
- 6M
- 25.77%
- 1Y
- 27.21%
- 3Y*
- 29.77%
- 5Y*
- 20.86%
- 10Y*
- 11.88%
GOLY vs. EINC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -23.60% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
EINC VanEck Energy Income ETF | 24.27% | 7.11% | 42.79% | 15.55% | 19.18% | 1.57% |
Correlation
The correlation between GOLY and EINC is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.11 |
The correlation between GOLY and EINC shifts across timeframes, from -0.13 (1 year) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GOLY vs. EINC — Risk / Return Rank
GOLY
EINC
GOLY vs. EINC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and VanEck Energy Income ETF (EINC). 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.
| GOLY | EINC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.32 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 3.47 | -3.65 |
| Martin ratioReturn relative to average drawdown | -0.45 | 8.82 | -9.27 |
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Drawdowns
GOLY vs. EINC - Drawdown Comparison
The maximum GOLY drawdown since its inception was -36.08%, smaller than the maximum EINC drawdown of -87.55%. Use the drawdown chart below to compare losses from any high point for GOLY and EINC.
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Drawdown Indicators
| GOLY | EINC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.08% | -87.55% | +51.47% |
Max Drawdown (1Y)Largest decline over 1 year | -36.08% | -7.89% | -28.19% |
Max Drawdown (3Y)Largest decline over 3 years | -36.08% | -16.01% | -20.07% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | -19.87% | -16.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -68.85% | — |
Current DrawdownCurrent decline from peak | -34.08% | -5.79% | -28.29% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -44.16% | +32.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.83% | 3.09% | +11.74% |
Volatility
GOLY vs. EINC - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.29% compared to VanEck Energy Income ETF (EINC) at 6.32%. This indicates that GOLY's price experiences larger fluctuations and is considered to be riskier than EINC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOLY | EINC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 6.32% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 11.86% | +18.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.81% | 15.07% | +18.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 19.54% | +3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 25.43% | -3.02% |
GOLY vs. EINC - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than EINC's 0.45% expense ratio.
Dividends
GOLY vs. EINC - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.64%, more than EINC's 3.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EINC VanEck Energy Income ETF | 3.56% | 4.51% | 3.33% | 3.77% | 2.89% | 6.03% | 6.69% | 9.66% | 11.31% | 8.53% | 9.71% | 28.53% |
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.64% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GOLY and EINC have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (9.29%) compared to EINC (6.32%). In terms of maximum drawdown, GOLY dropped -36.08% vs EINC's -87.55%.
On 5-year performance, EINC leads with 20.86% vs 5.95% for GOLY. On fees, EINC is cheaper at 0.45% per year. On volatility, EINC has been the lower-risk option at 6.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, EINC has performed better with a 20.86% return vs 5.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EINC is cheaper with a 0.45% expense ratio, compared with 0.79% for GOLY.
GOLY has the higher dividend yield at 9.64%, compared with 3.56% for EINC.
GOLY is categorized as Nontraditional Bonds, while EINC is Energy Equities. GOLY tracks Solactive Gold-Backed Bond Index, while EINC tracks MVIS North America Energy Infrastructure Index. They also come from different issuers: Strategy Shares and VanEck. Their fees differ too: 0.79% for GOLY and 0.45% for EINC.
EINC currently has the higher Sharpe Ratio (1.82 vs -0.20), 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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