GOLY vs. GLDB

Last updated Jun 23, 2026

GOLY (Strategy Shares Gold-Hedged Bond ETF) and GLDB (Strategy Shares Gold-Hedged Bond ETF) are both Nontraditional Bonds funds from Strategy Shares - GOLY tracks the Solactive Gold-Backed Bond Index while GLDB tracks the Solactive Gold Backed Bond Index - Benchmark TR Gross. Both are passively managed. A 0.72 correlation means they provide meaningful diversification when combined. Both charge a 0.79% expense ratio.

Performance

GOLY vs. GLDB - Performance Comparison

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

Returns By Period

In the year-to-date period, GOLY achieves a -23.60% return, which is significantly lower than GLDB's -15.33% return.

GOLY

• 1D: -1.22%
• 1M: -6.92%
• YTD: -23.60%
• 6M: -25.65%
• 1Y: -6.67%
• 3Y*: 15.85%
• 5Y*: 5.95%
• 10Y*: —

GLDB

• 1D: 0.21%
• 1M: -13.50%
• YTD: -15.33%
• 6M: -16.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOLY vs. GLDB - Yearly Performance Comparison

	2026 (YTD)	2025
GOLY Strategy Shares Gold-Hedged Bond ETF	-23.60%	4.05%
GLDB Strategy Shares Gold-Hedged Bond ETF	-15.33%	-3.56%

Correlation

The correlation between GOLY and GLDB is 0.72, 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	0.72

Return for Risk

GOLY vs. GLDB — Risk / Return Rank

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

GOLY

GOLY Risk / Return Rank: 7
GOLY Sharpe Ratio Rank: 7
GOLY Sortino Ratio Rank: 7
GOLY Omega Ratio Rank: 7
GOLY Calmar Ratio Rank: 7
GOLY Martin Ratio Rank: 7

GLDB

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

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.

GOLY vs. GLDB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and Strategy Shares Gold-Hedged Bond ETF (GLDB). 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	GLDB	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	—	—
Sortino ratio: Return per unit of downside risk	-0.04	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.19	—	—
Martin ratio: Return relative to average drawdown	-0.45	—	—

Drawdowns

GOLY vs. GLDB - Drawdown Comparison

The maximum GOLY drawdown since its inception was -36.08%, which is greater than GLDB's maximum drawdown of -33.45%. Use the drawdown chart below to compare losses from any high point for GOLY and GLDB.

Drawdown Indicators

	GOLY	GLDB	Difference
Max Drawdown Largest peak-to-trough decline	-36.08%	-33.45%	-2.63%
Max Drawdown (1Y) Largest decline over 1 year	-36.08%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-36.08%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.08%	—	—
Current Drawdown Current decline from peak	-34.08%	-32.62%	-1.46%
Average Drawdown Average peak-to-trough decline	-12.04%	-14.64%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.83%	—	—

Volatility

Volatility by Period

	GOLY	GLDB	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	33.81%	40.03%	-6.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.56%	40.03%	-17.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.41%	40.03%	-17.62%

GOLY vs. GLDB - Expense Ratio Comparison

Both GOLY and GLDB have an expense ratio of 0.79%.

Dividends

GOLY vs. GLDB - Dividend Comparison

GOLY's dividend yield for the trailing twelve months is around 9.64%, more than GLDB's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021
GLDB Strategy Shares Gold-Hedged Bond ETF	0.23%	0.19%	0.00%	0.00%	0.00%	0.00%
GOLY Strategy Shares Gold-Hedged Bond ETF	9.64%	7.22%	3.85%	2.94%	2.57%	1.11%

Frequently Asked Questions

Can I hold both GOLY and GLDB in my portfolio?

GOLY and GLDB have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOLY or GLDB?

Both ETFs have the same 0.79% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOLY or GLDB?

GOLY and GLDB have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, GOLY or GLDB?

GOLY has the higher dividend yield at 9.64%, compared with 0.23% for GLDB.

What is the main difference between GOLY and GLDB?

GOLY tracks Solactive Gold-Backed Bond Index, while GLDB tracks Solactive Gold Backed Bond Index - Benchmark TR Gross.