GOLY vs. IBIC
GOLY (Strategy Shares Gold-Hedged Bond ETF) and IBIC (iShares iBonds Oct 2026 Term TIPS ETF) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index, while IBIC is a Inflation-Protected Bonds fund tracking the ICE 2026 Maturity US Inflation-Linked Treasury Index. Both are passively managed. Over the past year, GOLY returned -6.67% vs 4.38% for IBIC. At a 0.16 correlation, their price movements are largely independent. GOLY charges 0.79%/yr vs 0.10%/yr for IBIC.
Performance
GOLY vs. IBIC - 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 IBIC's 2.39% return.
GOLY
- 1D
- -1.22%
- 1M
- -6.92%
- YTD
- -23.60%
- 6M
- -25.65%
- 1Y
- -6.67%
- 3Y*
- 15.85%
- 5Y*
- 5.95%
- 10Y*
- —
IBIC
- 1D
- 0.06%
- 1M
- 0.08%
- YTD
- 2.39%
- 6M
- 2.49%
- 1Y
- 4.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOLY vs. IBIC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -23.60% | 57.98% | 19.82% | 12.97% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 2.39% | 4.96% | 5.25% | 2.17% |
Correlation
The correlation between GOLY and IBIC is -0.18, 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 | -0.18 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023 | 0.16 |
The correlation between GOLY and IBIC shifts across timeframes, from -0.18 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GOLY vs. IBIC — Risk / Return Rank
GOLY
IBIC
GOLY vs. IBIC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and iShares iBonds Oct 2026 Term TIPS ETF (IBIC). 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 | IBIC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.14 | ||
| Sortino ratioReturn per unit of downside risk | -8.94 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 2.21 | -1.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 16.41 | -16.60 |
| Martin ratioReturn relative to average drawdown | -0.45 | 58.11 | -58.56 |
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Drawdowns
GOLY vs. IBIC - Drawdown Comparison
The maximum GOLY drawdown since its inception was -36.08%, which is greater than IBIC's maximum drawdown of -0.90%. Use the drawdown chart below to compare losses from any high point for GOLY and IBIC.
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Drawdown Indicators
| GOLY | IBIC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.08% | -0.90% | -35.18% |
Max Drawdown (1Y)Largest decline over 1 year | -36.08% | -0.27% | -35.81% |
Max Drawdown (3Y)Largest decline over 3 years | -36.08% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | — | — |
Current DrawdownCurrent decline from peak | -34.08% | -0.11% | -33.97% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -0.10% | -11.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.83% | 0.08% | +14.75% |
Volatility
GOLY vs. IBIC - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.29% compared to iShares iBonds Oct 2026 Term TIPS ETF (IBIC) at 0.16%. This indicates that GOLY's price experiences larger fluctuations and is considered to be riskier than IBIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOLY | IBIC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.29% | 0.16% | +9.13% |
Volatility (6M)Calculated over the trailing 6-month period | 30.54% | 0.67% | +29.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.81% | 0.89% | +32.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 1.57% | +20.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.41% | 1.57% | +20.84% |
GOLY vs. IBIC - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than IBIC's 0.10% expense ratio.
Dividends
GOLY vs. IBIC - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.64%, more than IBIC's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.64% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
IBIC iShares iBonds Oct 2026 Term TIPS ETF | 3.59% | 4.43% | 4.65% | 0.83% | 0.00% | 0.00% |
Frequently Asked Questions
GOLY and IBIC have a correlation of -0.18, 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 IBIC (0.16%). In terms of maximum drawdown, GOLY dropped -36.08% vs IBIC's -0.90%.
On 1-year performance, IBIC leads with 4.38% vs -6.67% for GOLY. On fees, IBIC is cheaper at 0.10% per year. On volatility, IBIC has been the lower-risk option at 0.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBIC has performed better with a 4.38% return vs -6.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIC is cheaper with a 0.10% expense ratio, compared with 0.79% for GOLY.
GOLY has the higher dividend yield at 9.64%, compared with 3.59% for IBIC.
GOLY is categorized as Nontraditional Bonds, while IBIC is Inflation-Protected Bonds. GOLY tracks Solactive Gold-Backed Bond Index, while IBIC tracks ICE 2026 Maturity US Inflation-Linked Treasury Index. They also come from different issuers: Strategy Shares and iShares. Their fees differ too: 0.79% for GOLY and 0.10% for IBIC.
IBIC currently has the higher Sharpe Ratio (4.94 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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