GOLY vs. RYSE

Last updated Jun 26, 2026

GOLY (Strategy Shares Gold-Hedged Bond ETF) and RYSE (Cboe Vest 10 Year Interest Rate Hedge ETF) are both Nontraditional Bonds funds. GOLY is passively managed, while RYSE is actively managed. Over the past 3 years, GOLY returned 14.36%/yr vs 4.14%/yr for RYSE. At a correlation of -0.37, they often move in opposite directions. GOLY charges 0.79%/yr vs 0.85%/yr for RYSE.

Performance

GOLY vs. RYSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strategy Shares Gold-Hedged Bond ETF (GOLY) and Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GOLY achieves a -26.33% return, which is significantly lower than RYSE's 2.52% return.

GOLY

• 1D: 0.84%
• 1M: -10.09%
• YTD: -26.33%
• 6M: -28.77%
• 1Y: -7.98%
• 3Y*: 14.36%
• 5Y*: 5.25%
• 10Y*: —

RYSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 2.52%
• 6M: 3.64%
• 1Y: 5.00%
• 3Y*: 4.14%
• 5Y*: —
• 10Y*: —

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

GOLY vs. RYSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
GOLY Strategy Shares Gold-Hedged Bond ETF	-26.33%	57.98%	19.82%	2.99%
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	2.52%	-3.09%	12.46%	9.32%

Correlation

The correlation between GOLY and RYSE is -0.15, 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	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.32
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	-0.37

Over the past year, the inverse relationship between GOLY and RYSE has weakened: their correlation has moved from -0.37 to -0.15, meaning they move in opposite directions less often than they have historically.

Return for Risk

GOLY vs. RYSE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GOLY

GOLY Risk / Return Rank: 7
GOLY Sharpe Ratio Rank: 7
GOLY Sortino Ratio Rank: 7
GOLY Omega Ratio Rank: 7
GOLY Calmar Ratio Rank: 7
GOLY Martin Ratio Rank: 7

RYSE

RYSE Risk / Return Rank: 17
RYSE Sharpe Ratio Rank: 17
RYSE Sortino Ratio Rank: 16
RYSE Omega Ratio Rank: 16
RYSE Calmar Ratio Rank: 18
RYSE Martin Ratio Rank: 16

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. RYSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE). 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	RYSE	Difference
Sharpe ratio: Return per unit of total volatility	-0.24	0.50	-0.74
Sortino ratio: Return per unit of downside risk	-0.09	0.79	-0.88
Omega ratio: Gain probability vs. loss probability	0.99	1.10	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.22	0.70	-0.92
Martin ratio: Return relative to average drawdown	-0.52	1.56	-2.08

GOLY vs. RYSE - Sharpe Ratio Comparison

The current GOLY Sharpe Ratio is -0.24, which is lower than the RYSE Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of GOLY and RYSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GOLY vs. RYSE - Drawdown Comparison

The maximum GOLY drawdown since its inception was -36.97%, which is greater than RYSE's maximum drawdown of -19.70%. Use the drawdown chart below to compare losses from any high point for GOLY and RYSE.

Drawdown Indicators

	GOLY	RYSE	Difference
Max Drawdown Largest peak-to-trough decline	-36.97%	-19.70%	-17.27%
Max Drawdown (1Y) Largest decline over 1 year	-36.97%	-7.18%	-29.79%
Max Drawdown (3Y) Largest decline over 3 years	-36.97%	-19.70%	-17.27%
Max Drawdown (5Y) Largest decline over 5 years	-36.97%	—	—
Current Drawdown Current decline from peak	-36.44%	-7.83%	-28.61%
Average Drawdown Average peak-to-trough decline	-12.10%	-9.14%	-2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.33%	3.21%	+12.12%

Volatility

GOLY vs. RYSE - Volatility Comparison

Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.74% compared to Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) at 0.00%. This indicates that GOLY's price experiences larger fluctuations and is considered to be riskier than RYSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GOLY	RYSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.74%	0.00%	+9.74%
Volatility (6M) Calculated over the trailing 6-month period	30.59%	6.36%	+24.23%
Volatility (1Y) Calculated over the trailing 1-year period	33.84%	10.02%	+23.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.61%	14.78%	+7.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.44%	14.78%	+7.66%

GOLY vs. RYSE - Expense Ratio Comparison

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

Dividends

GOLY vs. RYSE - Dividend Comparison

GOLY's dividend yield for the trailing twelve months is around 9.99%, more than RYSE's 1.37% yield.

Position	TTM	2025	2024	2023	2022	2021
GOLY Strategy Shares Gold-Hedged Bond ETF	9.99%	7.22%	3.85%	2.94%	2.57%	1.11%
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	1.37%	1.86%	2.58%	24.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOLY and RYSE in my portfolio?

GOLY and RYSE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOLY or RYSE?

GOLY has higher volatility (9.74%) compared to RYSE (0.00%). In terms of maximum drawdown, GOLY dropped -36.97% vs RYSE's -19.70%.

Which ETF is better, GOLY or RYSE?

On 3-year performance, GOLY leads with 14.36% vs 4.14% for RYSE. On fees, GOLY is cheaper at 0.79% per year. On volatility, RYSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOLY or RYSE?

Over the 3-year period, GOLY has performed better with a 14.36% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOLY or RYSE?

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

Which ETF pays a higher dividend yield, GOLY or RYSE?

GOLY has the higher dividend yield at 9.99%, compared with 1.37% for RYSE.

What is the main difference between GOLY and RYSE?

They also come from different issuers: Strategy Shares and Vest. Their fees differ too: 0.79% for GOLY and 0.85% for RYSE.

Which has better risk-adjusted returns?

RYSE currently has the higher Sharpe Ratio (0.50 vs -0.24), 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.