GOLY vs. IGLD
GOLY (Strategy Shares Gold Enhanced Yield ETF) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund actively managed by Strategy Shares, while IGLD is a Gold fund actively managed by First Trust. Both are actively managed. Over the past 5 years, GOLY returned 4.37%/yr vs 12.09%/yr for IGLD. Their 0.77 correlation means they have sometimes moved together and sometimes differently. GOLY charges 0.79%/yr vs 0.85%/yr for IGLD.
Performance
GOLY vs. IGLD - Performance Comparison
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Returns By Period
In the year-to-date period, GOLY achieves a -26.54% return, which is significantly lower than IGLD's -6.56% return.
GOLY
- 1D
- -0.68%
- 1M
- -2.80%
- 6M
- -24.07%
- YTD
- -26.54%
- 1Y
- -9.02%
- 3Y*
- 14.14%
- 5Y*
- 4.37%
- 10Y*
- —
- ALL TIME*
- 4.18%
IGLD
- 1D
- -1.09%
- 1M
- -1.14%
- 6M
- -15.05%
- YTD
- -6.56%
- 1Y
- 13.80%
- 3Y*
- 19.55%
- 5Y*
- 12.09%
- 10Y*
- —
- ALL TIME*
- 11.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $645.25K | $545.45K | $1.00M | |
| $4.80M | $5.50M | $7.14M |
GOLY vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold Enhanced Yield ETF | -26.54% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
IGLD FT Vest Gold Strategy Target Income ETF | -6.56% | 47.46% | 19.36% | 9.24% | -2.34% | -2.53% |
Correlation
The correlation between GOLY and IGLD is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
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 0.77 to 0.78 - a consistent structural relationship.
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Return for Risk
GOLY vs. IGLD — Risk / Return Rank
GOLY
IGLD
GOLY vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold Enhanced Yield 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.
| GOLY | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.65 | -0.80 |
| Martin ratioReturn relative to average drawdown | -0.30 | 1.46 | -1.76 |
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Drawdowns
GOLY vs. IGLD - Drawdown Comparison
The maximum GOLY drawdown since its inception was -37.99%, which is greater than IGLD's maximum drawdown of -23.84%. Use the drawdown chart below to compare losses from any high point for GOLY and IGLD.
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Drawdown Indicators
| GOLY | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.99% | -23.84% | -14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -37.99% | -23.84% | -14.15% |
Max Drawdown (3Y)Largest decline over 3 years | -37.99% | -23.84% | -14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -37.99% | -23.84% | -14.15% |
Current DrawdownCurrent decline from peak | -36.62% | -22.04% | -14.58% |
Average DrawdownAverage peak-to-trough decline | -12.56% | -5.70% | -6.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.14% | 10.55% | +8.59% |
Volatility
GOLY vs. IGLD - Volatility Comparison
Strategy Shares Gold Enhanced Yield ETF (GOLY) has a higher volatility of 6.91% compared to FT Vest Gold Strategy Target Income ETF (IGLD) at 5.69%. 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
| GOLY | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 5.69% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 30.03% | 22.06% | +7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.02% | 25.10% | +8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.76% | 15.74% | +7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.43% | 15.43% | +7.00% |
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 9.40%, less than IGLD's 21.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold Enhanced Yield ETF | 9.40% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
IGLD FT Vest Gold Strategy Target Income ETF | 20.71% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
GOLY and IGLD have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (6.91%) compared to IGLD (5.69%). In terms of maximum drawdown, GOLY dropped -37.99% vs IGLD's -23.84%.
On 5-year performance, IGLD leads with 12.09% vs 4.37% for GOLY. On fees, GOLY is cheaper at 0.79% per year. On volatility, IGLD has been the lower-risk option at 5.69%. 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 12.09% return vs 4.37%. 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 20.71%, compared with 9.40% 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 (0.61 vs -0.17), 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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