GOLY vs. IGLD
GOLY (Strategy Shares Gold-Hedged Bond ETF) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index, while IGLD is a Gold fund actively managed by First Trust. GOLY is passively managed, while IGLD is actively managed. Over the past 5 years, GOLY returned 5.95%/yr vs 13.19%/yr for IGLD. A 0.77 correlation means they provide meaningful diversification when combined. 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 -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*
- —
GOLY vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
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
GOLY
IGLD
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.
| GOLY | IGLD | Difference | |
|---|---|---|---|
| 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 |
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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
| GOLY | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -34.08% | -19.63% | -14.45% |
Average DrawdownAverage peak-to-trough decline | -12.04% | -5.35% | -6.69% |
Ulcer IndexDepth 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
| GOLY | IGLD | Difference | |
|---|---|---|---|
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.
| 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% |
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.
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