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GOLY vs. IGLD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

GOLY vs. IGLD - Performance Comparison

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

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Returns By Period

In the year-to-date period, GOLY achieves a -23.60% return, which is significantly lower than IGLD's -3.67% return.


GOLY

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

IGLD

1D
-0.63%
1M
-6.25%
YTD
-3.67%
6M
-5.24%
1Y
17.49%
3Y*
21.13%
5Y*
13.19%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

GOLY vs. IGLD - Yearly Performance Comparison


2026 (YTD)20252024202320222021
GOLY
Strategy Shares Gold-Hedged Bond ETF
-23.60%57.98%19.82%12.74%-19.96%-1.40%
IGLD
FT Vest Gold Strategy Target Income ETF
-3.67%47.46%19.36%9.24%-2.34%-2.53%

Correlation

The correlation between GOLY and IGLD is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (All Time)
Calculated using the full available price history since May 18, 2021

0.77

The correlation between GOLY and IGLD has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

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Return for Risk

GOLY vs. IGLD — 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

IGLD
IGLD Risk / Return Rank: 2020
Overall Rank
IGLD Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
IGLD Sortino Ratio Rank: 2020
Sortino Ratio Rank
IGLD Omega Ratio Rank: 2323
Omega Ratio Rank
IGLD Calmar Ratio Rank: 1919
Calmar Ratio Rank
IGLD Martin Ratio Rank: 2020
Martin Ratio Rank
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. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and FT Vest Gold Strategy Target Income ETF (IGLD). 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.


GOLYIGLDDifference
Sharpe ratioReturn per unit of total volatility

-0.92

Sortino ratioReturn per unit of downside risk

-1.12

Omega ratioGain probability vs. loss probability

0.99

1.16

-0.16

Calmar ratioReturn relative to maximum drawdown

-0.19

0.80

-0.99

Martin ratioReturn relative to average drawdown

-0.45

2.32

-2.77

GOLY vs. IGLD - Sharpe Ratio Comparison

The current GOLY Sharpe Ratio is -0.20, which is lower than the IGLD Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of GOLY and IGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

GOLY vs. IGLD - Drawdown Comparison

The maximum GOLY drawdown since its inception was -36.08%, which is greater than IGLD's maximum drawdown of -21.90%. Use the drawdown chart below to compare losses from any high point for GOLY and IGLD.


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Drawdown Indicators


GOLYIGLDDifference

Max Drawdown

Largest peak-to-trough decline

-36.08%

-21.90%

-14.18%

Max Drawdown (1Y)

Largest decline over 1 year

-36.08%

-21.90%

-14.18%

Max Drawdown (3Y)

Largest decline over 3 years

-36.08%

-21.90%

-14.18%

Max Drawdown (5Y)

Largest decline over 5 years

-36.08%

-21.90%

-14.18%

Current Drawdown

Current decline from peak

-34.08%

-19.63%

-14.45%

Average Drawdown

Average peak-to-trough decline

-12.04%

-5.35%

-6.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

14.83%

7.56%

+7.27%

Volatility

GOLY vs. IGLD - Volatility Comparison

Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.29% compared to FT Vest Gold Strategy Target Income ETF (IGLD) at 7.99%. This indicates that GOLY's price experiences larger fluctuations and is considered to be riskier than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


GOLYIGLDDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.29%

7.99%

+1.30%

Volatility (6M)

Calculated over the trailing 6-month period

30.54%

22.26%

+8.28%

Volatility (1Y)

Calculated over the trailing 1-year period

33.81%

24.36%

+9.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.56%

15.45%

+7.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

22.41%

15.28%

+7.13%

GOLY vs. IGLD - Expense Ratio Comparison

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


Dividends

GOLY vs. IGLD - Dividend Comparison

GOLY's dividend yield for the trailing twelve months is around 9.64%, less than IGLD's 18.91% yield.


PositionTTM20252024202320222021
GOLY
Strategy Shares Gold-Hedged Bond ETF
9.64%7.22%3.85%2.94%2.57%1.11%
IGLD
FT Vest Gold Strategy Target Income ETF
18.91%9.91%20.81%7.85%4.45%2.24%

Frequently Asked Questions


GOLY and IGLD have a correlation of 0.75, 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 IGLD (7.99%). In terms of maximum drawdown, GOLY dropped -36.08% vs IGLD's -21.90%.

On 5-year performance, IGLD leads with 13.19% vs 5.95% for GOLY. On fees, GOLY is cheaper at 0.79% per year. On volatility, IGLD has been the lower-risk option at 7.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, IGLD has performed better with a 13.19% return vs 5.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

IGLD has the higher dividend yield at 18.91%, compared with 9.64% for GOLY.

GOLY is categorized as Nontraditional Bonds, while IGLD is Gold. They also come from different issuers: Strategy Shares and First Trust. Their fees differ too: 0.79% for GOLY and 0.85% for IGLD.

IGLD currently has the higher Sharpe Ratio (0.72 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.

Portfolio Optimizer

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