GOLY vs. VONE
GOLY (Strategy Shares Gold-Hedged Bond ETF) and VONE (Vanguard Russell 1000 ETF) are both exchange-traded funds - GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index, while VONE is a Large Cap Blend Equities fund tracking the Russell 1000 Index. Both are passively managed. Over the past 5 years, GOLY returned 5.25%/yr vs 12.20%/yr for VONE. At a 0.17 correlation, their price movements are largely independent. GOLY charges 0.79%/yr vs 0.08%/yr for VONE.
Performance
GOLY vs. VONE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GOLY achieves a -26.33% return, which is significantly lower than VONE's 8.03% return.
GOLY
- 1D
- 0.84%
- 1M
- -10.09%
- YTD
- -26.33%
- 6M
- -28.77%
- 1Y
- -7.98%
- 3Y*
- 14.36%
- 5Y*
- 5.25%
- 10Y*
- —
VONE
- 1D
- 0.11%
- 1M
- -1.71%
- YTD
- 8.03%
- 6M
- 6.67%
- 1Y
- 21.71%
- 3Y*
- 20.72%
- 5Y*
- 12.20%
- 10Y*
- 15.54%
GOLY vs. VONE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | -26.33% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
VONE Vanguard Russell 1000 ETF | 8.03% | 17.21% | 24.51% | 26.41% | -19.14% | 14.18% |
Correlation
The correlation between GOLY and VONE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.17 |
Over the past year, GOLY and VONE have become more correlated (0.40) than their long-term average of 0.17, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GOLY vs. VONE — Risk / Return Rank
GOLY
VONE
GOLY vs. VONE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Gold-Hedged Bond ETF (GOLY) and Vanguard Russell 1000 ETF (VONE). 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 | VONE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.31 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | 2.46 | -2.68 |
| Martin ratioReturn relative to average drawdown | -0.52 | 10.86 | -11.38 |
Loading charts...
Drawdowns
GOLY vs. VONE - Drawdown Comparison
The maximum GOLY drawdown since its inception was -36.97%, which is greater than VONE's maximum drawdown of -34.66%. Use the drawdown chart below to compare losses from any high point for GOLY and VONE.
Loading charts...
Drawdown Indicators
| GOLY | VONE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.97% | -34.66% | -2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -36.97% | -8.85% | -28.12% |
Max Drawdown (3Y)Largest decline over 3 years | -36.97% | -19.06% | -17.91% |
Max Drawdown (5Y)Largest decline over 5 years | -36.97% | -25.12% | -11.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.66% | — |
Current DrawdownCurrent decline from peak | -36.44% | -2.97% | -33.47% |
Average DrawdownAverage peak-to-trough decline | -12.10% | -3.90% | -8.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.33% | 2.00% | +13.33% |
Volatility
GOLY vs. VONE - Volatility Comparison
Strategy Shares Gold-Hedged Bond ETF (GOLY) has a higher volatility of 9.74% compared to Vanguard Russell 1000 ETF (VONE) at 4.62%. This indicates that GOLY's price experiences larger fluctuations and is considered to be riskier than VONE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GOLY | VONE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 4.62% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 30.59% | 9.79% | +20.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.84% | 12.50% | +21.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.61% | 17.17% | +5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.44% | 18.26% | +4.18% |
GOLY vs. VONE - Expense Ratio Comparison
GOLY has a 0.79% expense ratio, which is higher than VONE's 0.08% expense ratio.
Dividends
GOLY vs. VONE - Dividend Comparison
GOLY's dividend yield for the trailing twelve months is around 9.99%, more than VONE's 1.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.99% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VONE Vanguard Russell 1000 ETF | 1.04% | 1.07% | 1.20% | 1.40% | 1.59% | 1.16% | 1.45% | 1.65% | 1.96% | 1.69% | 1.89% | 1.89% |
Frequently Asked Questions
GOLY and VONE have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (9.74%) compared to VONE (4.62%). In terms of maximum drawdown, GOLY dropped -36.97% vs VONE's -34.66%.
On 5-year performance, VONE leads with 12.20% vs 5.25% for GOLY. On fees, VONE is cheaper at 0.08% per year. On volatility, VONE has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VONE has performed better with a 12.20% return vs 5.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VONE is cheaper with a 0.08% expense ratio, compared with 0.79% for GOLY.
GOLY has the higher dividend yield at 9.99%, compared with 1.04% for VONE.
GOLY is categorized as Nontraditional Bonds, while VONE is Large Cap Blend Equities. GOLY tracks Solactive Gold-Backed Bond Index, while VONE tracks Russell 1000 Index. They also come from different issuers: Strategy Shares and Vanguard. Their fees differ too: 0.79% for GOLY and 0.08% for VONE.
VONE currently has the higher Sharpe Ratio (1.74 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.
Find the right allocation for GOLY and VONE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer