GOLY vs. HYKE

Last updated Apr 3, 2026

Compare and contrast key facts about Strategy Shares Gold-Hedged Bond ETF (GOLY) and Vest 2 Year Interest Rate Hedge ETF (HYKE).

GOLY and HYKE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GOLY is a passively managed fund by Strategy Shares that tracks the performance of the Solactive Gold-Backed Bond Index. It was launched on May 17, 2021. HYKE is an actively managed fund by Cboe Vest. It was launched on Jan 10, 2024.

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.

GOLY vs. HYKE - Yearly Performance Comparison

	2026 (YTD)
GOLY Strategy Shares Gold-Hedged Bond ETF	-0.55%
HYKE Vest 2 Year Interest Rate Hedge ETF	0.00%

Returns By Period

GOLY

• 1D: -5.34%
• 1M: -23.26%
• YTD: -16.35%
• 6M: -10.16%
• 1Y: 11.93%
• 3Y*: 16.90%
• 5Y*: —
• 10Y*: —

HYKE

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GOLY vs. HYKE - Expense Ratio Comparison

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

HYKE

Vest 2 Year Interest Rate Hedge ETF

GOLY

Strategy Shares Gold-Hedged Bond ETF

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: 21
GOLY Sharpe Ratio Rank: 20
GOLY Sortino Ratio Rank: 21
GOLY Omega Ratio Rank: 22
GOLY Calmar Ratio Rank: 19
GOLY Martin Ratio Rank: 21

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.

	GOLY	HYKE	Difference
Sharpe ratio Return per unit of total volatility	0.35	—	—
Sortino ratio Return per unit of downside risk	0.66	—	—
Omega ratio Gain probability vs. loss probability	1.10	—	—
Calmar ratio Return relative to maximum drawdown	0.44	—	—
Martin ratio Return relative to average drawdown	1.69	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GOLY	HYKE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	—	—

Dividends

GOLY vs. HYKE - Dividend Comparison

GOLY's dividend yield for the trailing twelve months is around 9.27%, while HYKE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
GOLY Strategy Shares Gold-Hedged Bond ETF	9.27%	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%

Drawdowns

GOLY vs. HYKE - Drawdown Comparison

The maximum GOLY drawdown since its inception was -35.99%, 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.

Drawdown Indicators

	GOLY	HYKE	Difference
Max Drawdown Largest peak-to-trough decline	-35.99%	0.00%	-35.99%
Max Drawdown (1Y) Largest decline over 1 year	-27.82%	—	—
Current Drawdown Current decline from peak	-27.82%	0.00%	-27.82%
Average Drawdown Average peak-to-trough decline	-11.34%	0.00%	-11.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.18%	—	—

Volatility

Volatility by Period

	GOLY	HYKE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.84%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	34.00%	0.00%	+34.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.07%	0.00%	+22.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	0.00%	+22.07%