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GOLY vs. HYKE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GOLY vs. HYKE

Last updated Jun 26, 2026

GOLY (Strategy Shares Gold-Hedged Bond ETF) and HYKE (Vest 2 Year Interest Rate Hedge ETF) are both Nontraditional Bonds funds. GOLY is passively managed, while HYKE is actively managed. GOLY charges 0.79%/yr vs 0.85%/yr for HYKE.

Performance

GOLY vs. HYKE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GOLY) and Vest 2 Year Interest Rate Hedge ETF (HYKE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

GOLY

1D
0.84%
1M
-10.09%
YTD
-26.33%
6M
-28.77%
1Y
-7.98%
3Y*
14.36%
5Y*
5.25%
10Y*
—

HYKE

1D
0.00%
1M
0.00%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

GOLY vs. HYKE - Yearly Performance Comparison

2026 (YTD)
GOLY
Strategy Shares Gold-Hedged Bond ETF		-13.46%
HYKE
Vest 2 Year Interest Rate Hedge ETF		0.00%

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Strategy Shares Gold-Hedged Bond ETF

Vest 2 Year Interest Rate Hedge ETF

Often compared with GOLY:
GOLY vs. GLDGOLY vs. IGLDGOLY vs. GLDBGOLY vs. GDEGOLY vs. ICVTGOLY vs. HYGGOLY vs. SPY
Often compared with HYKE:
HYKE vs. RYSEHYKE vs. SSFIHYKE vs. SPYHYKE vs. ILSHYKE vs. RFIXHYKE vs. FTBDHYKE vs. AMAX

Return for Risk

GOLY vs. HYKE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GOLY
GOLY Risk / Return Rank: 77
Overall Rank
GOLY Sharpe Ratio Rank: 77
Sharpe Ratio Rank
GOLY Sortino Ratio Rank: 77
Sortino Ratio Rank
GOLY Omega Ratio Rank: 77
Omega Ratio Rank
GOLY Calmar Ratio Rank: 77
Calmar Ratio Rank
GOLY Martin Ratio Rank: 77
Martin Ratio Rank
HYKE

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. HYKE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and Vest 2 Year Interest Rate Hedge ETF (HYKE). 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.

GOLYHYKEDifference
Sharpe ratioReturn per unit of total volatility
-0.24

—

—

Sortino ratioReturn per unit of downside risk
-0.09

—

—

Omega ratioGain probability vs. loss probability

0.99

—

—

Calmar ratioReturn relative to maximum drawdown

-0.22

—

—

Martin ratioReturn relative to average drawdown

-0.52

—

—

GOLY vs. HYKE - Sharpe Ratio Comparison

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Drawdowns

GOLY vs. HYKE - Drawdown Comparison

The maximum GOLY drawdown since its inception was -36.97%, which is greater than HYKE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GOLY and HYKE.

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Drawdown Indicators

GOLYHYKEDifference

Max Drawdown

Largest peak-to-trough decline

-36.97%

0.00%

-36.97%

Max Drawdown (1Y)

Largest decline over 1 year

-36.97%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-36.97%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-36.97%

—

—

Current Drawdown

Current decline from peak

-36.44%

0.00%

-36.44%

Average Drawdown

Average peak-to-trough decline

-12.10%

0.00%

-12.10%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.33%

—

—

Volatility

GOLY vs. HYKE - Volatility Comparison

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Volatility by Period

GOLYHYKEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.74%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

30.59%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

33.84%

0.00%

+33.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.61%

0.00%

+22.61%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.44%

0.00%

+22.44%

GOLY vs. HYKE - Expense Ratio Comparison

GOLY has a 0.79% expense ratio, which is lower than HYKE's 0.85% expense ratio.

Dividends

GOLY vs. HYKE - Dividend Comparison

GOLY's dividend yield for the trailing twelve months is around 9.99%, while HYKE has not paid dividends to shareholders.

PositionTTM20252024202320222021
GOLY
Strategy Shares Gold-Hedged Bond ETF		9.99%7.22%3.85%2.94%2.57%1.11%
HYKE
Vest 2 Year Interest Rate Hedge ETF		0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

On fees, GOLY is cheaper at 0.79% per year. The better choice depends on whether you care most about return, fees, risk, or income.

GOLY is cheaper with a 0.79% expense ratio, compared with 0.85% for HYKE.

GOLY has the higher dividend yield at 9.99%, compared with 0.00% for HYKE.

They also come from different issuers: Strategy Shares and Cboe Vest. Their fees differ too: 0.79% for GOLY and 0.85% for HYKE.

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