HNDL vs. GOLY
HNDL (Strategy Shares Nasdaq 7HANDL Index ETF) and GOLY (Strategy Shares Gold Enhanced Yield ETF) are both exchange-traded funds - HNDL is a Diversified Portfolio fund tracking the NASDAQ 7 HANDL™ Index, while GOLY is a Nontraditional Bonds fund actively managed by Strategy Shares. HNDL is passively managed, while GOLY is actively managed. Over the past 5 years, HNDL returned 4.44%/yr vs 4.10%/yr for GOLY. Their 0.32 correlation means their historical movements had little consistent relationship. HNDL charges 0.97%/yr vs 0.79%/yr for GOLY.
Performance
HNDL vs. GOLY - Performance Comparison
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Returns By Period
In the year-to-date period, HNDL achieves a 6.78% return, which is significantly higher than GOLY's -27.25% return.
HNDL
- 1D
- 0.44%
- 1M
- -0.39%
- 6M
- 5.25%
- YTD
- 6.78%
- 1Y
- 11.98%
- 3Y*
- 11.41%
- 5Y*
- 4.44%
- 10Y*
- —
- ALL TIME*
- 5.63%
GOLY
- 1D
- -0.96%
- 1M
- -3.73%
- 6M
- -28.11%
- YTD
- -27.25%
- 1Y
- -9.89%
- 3Y*
- 14.43%
- 5Y*
- 4.10%
- 10Y*
- —
- ALL TIME*
- 3.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $654.98K | $544.33K | $930.96K | |
| $1.06M | $1.10M | $1.31M |
HNDL vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.78% | 10.76% | 10.66% | 13.28% | -19.12% | 8.34% |
GOLY Strategy Shares Gold Enhanced Yield ETF | -27.25% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
Correlation
The correlation between HNDL and GOLY is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.32 |
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Return for Risk
HNDL vs. GOLY — Risk / Return Rank
HNDL
GOLY
HNDL vs. GOLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) and Strategy Shares Gold Enhanced Yield ETF (GOLY). 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.
| HNDL | GOLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.89 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.98 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | -0.26 | +2.68 |
| Martin ratioReturn relative to average drawdown | 9.68 | -0.51 | +10.19 |
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Drawdowns
HNDL vs. GOLY - Drawdown Comparison
The maximum HNDL drawdown since its inception was -23.72%, smaller than the maximum GOLY drawdown of -37.99%. Use the drawdown chart below to compare losses from any high point for HNDL and GOLY.
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Drawdown Indicators
| HNDL | GOLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -37.99% | +14.27% |
Max Drawdown (1Y)Largest decline over 1 year | -4.96% | -37.99% | +33.03% |
Max Drawdown (3Y)Largest decline over 3 years | -12.25% | -37.99% | +25.74% |
Max Drawdown (5Y)Largest decline over 5 years | -23.72% | -37.99% | +14.27% |
Current DrawdownCurrent decline from peak | -0.91% | -37.23% | +36.32% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -12.58% | +7.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 19.28% | -18.04% |
Volatility
HNDL vs. GOLY - Volatility Comparison
The current volatility for Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) is 1.64%, while Strategy Shares Gold Enhanced Yield ETF (GOLY) has a volatility of 6.47%. This indicates that HNDL experiences smaller price fluctuations and is considered to be less risky than GOLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HNDL | GOLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 6.47% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 5.88% | 25.33% | -19.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.55% | 33.91% | -26.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.57% | 22.77% | -11.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.69% | 22.43% | -11.74% |
HNDL vs. GOLY - Expense Ratio Comparison
HNDL has a 0.97% expense ratio, which is higher than GOLY's 0.79% expense ratio.
Dividends
HNDL vs. GOLY - Dividend Comparison
HNDL's dividend yield for the trailing twelve months is around 6.95%, less than GOLY's 9.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold Enhanced Yield ETF | 9.50% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% | 0.00% | 0.00% | 0.00% |
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.95% | 6.86% | 7.02% | 6.78% | 7.87% | 6.86% | 6.21% | 5.27% | 6.42% |
Frequently Asked Questions
HNDL and GOLY have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (6.47%) compared to HNDL (1.64%). In terms of maximum drawdown, HNDL dropped -23.72% vs GOLY's -37.99%.
On 5-year performance, HNDL leads with 4.44% vs 4.10% for GOLY. On fees, GOLY is cheaper at 0.79% per year. On volatility, HNDL has been the lower-risk option at 1.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HNDL has performed better with a 4.44% return vs 4.10%. 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 0.97% for HNDL.
GOLY has the higher dividend yield at 9.50%, compared with 6.95% for HNDL.
HNDL is categorized as Diversified Portfolio, while GOLY is Nontraditional Bonds. Their fees differ too: 0.97% for HNDL and 0.79% for GOLY.
HNDL currently has the higher Sharpe Ratio (1.60 vs -0.29), 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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