HYLS vs. IGLD

Last updated Jun 4, 2026

HYLS (First Trust Tactical High Yield ETF) and IGLD (FT Cboe Vest Gold Strategy Target Income ETF) are both exchange-traded funds - HYLS is a High Yield Bonds fund actively managed by First Trust, while IGLD is a Precious Metals fund actively managed by First Trust. Both are actively managed. Over the past 5 years, HYLS returned 2.94%/yr vs 13.02%/yr for IGLD. At a 0.21 correlation, their price movements are largely independent. HYLS charges 1.01%/yr vs 0.85%/yr for IGLD.

Performance

HYLS vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Tactical High Yield ETF (HYLS) and FT Cboe Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HYLS achieves a 0.28% return, which is significantly lower than IGLD's 1.69% return.

HYLS

• 1D: -0.17%
• 1M: 0.39%
• YTD: 0.28%
• 6M: 0.70%
• 1Y: 5.37%
• 3Y*: 7.73%
• 5Y*: 2.94%
• 10Y*: 4.35%

IGLD

• 1D: -0.81%
• 1M: -1.33%
• YTD: 1.69%
• 6M: 4.44%
• 1Y: 24.53%
• 3Y*: 23.01%
• 5Y*: 13.02%
• 10Y*: —

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

HYLS vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
HYLS First Trust Tactical High Yield ETF	0.28%	8.00%	5.85%	13.66%	-12.83%	2.72%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	1.69%	47.46%	19.36%	9.24%	-2.34%	4.30%

Correlation

The correlation between HYLS and IGLD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021	0.21

Return for Risk

HYLS vs. IGLD — Risk / Return Rank

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

HYLS

HYLS Risk / Return Rank: 44
HYLS Sharpe Ratio Rank: 44
HYLS Sortino Ratio Rank: 48
HYLS Omega Ratio Rank: 46
HYLS Calmar Ratio Rank: 35
HYLS Martin Ratio Rank: 45

IGLD

IGLD Risk / Return Rank: 28
IGLD Sharpe Ratio Rank: 28
IGLD Sortino Ratio Rank: 27
IGLD Omega Ratio Rank: 32
IGLD Calmar Ratio Rank: 28
IGLD Martin Ratio Rank: 27

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.

HYLS vs. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Tactical High Yield ETF (HYLS) and FT Cboe 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.

	HYLS	IGLD	Difference
Sharpe ratio Return per unit of total volatility	1.54	1.06	+0.48
Sortino ratio Return per unit of downside risk	2.38	1.47	+0.91
Omega ratio Gain probability vs. loss probability	1.29	1.22	+0.07
Calmar ratio Return relative to maximum drawdown	1.74	1.40	+0.34
Martin ratio Return relative to average drawdown	7.42	3.82	+3.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYLS vs. IGLD - Sharpe Ratio Comparison

The current HYLS Sharpe Ratio is 1.54, which is higher than the IGLD Sharpe Ratio of 1.06. The chart below compares the historical Sharpe Ratios of HYLS and IGLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HYLS	IGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.54	1.06	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.86	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.94	-0.26

Drawdowns

HYLS vs. IGLD - Drawdown Comparison

The maximum HYLS drawdown since its inception was -22.99%, which is greater than IGLD's maximum drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for HYLS and IGLD.

Drawdown Indicators

	HYLS	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-22.99%	-18.59%	-4.40%
Max Drawdown (1Y) Largest decline over 1 year	-3.09%	-17.56%	+14.47%
Max Drawdown (3Y) Largest decline over 3 years	-3.96%	-17.56%	+13.60%
Max Drawdown (5Y) Largest decline over 5 years	-15.75%	-18.59%	+2.84%
Max Drawdown (10Y) Largest decline over 10 years	-22.99%	—	—
Current Drawdown Current decline from peak	-0.20%	-15.16%	+14.96%
Average Drawdown Average peak-to-trough decline	-2.15%	-5.24%	+3.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.73%	6.43%	-5.70%

Volatility

HYLS vs. IGLD - Volatility Comparison

The current volatility for First Trust Tactical High Yield ETF (HYLS) is 1.16%, while FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.12%. This indicates that HYLS experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HYLS	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.16%	5.12%	-3.96%
Volatility (6M) Calculated over the trailing 6-month period	2.90%	21.01%	-18.11%
Volatility (1Y) Calculated over the trailing 1-year period	3.51%	23.24%	-19.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.62%	15.17%	-8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.70%	15.00%	-8.30%

HYLS vs. IGLD - Expense Ratio Comparison

HYLS has a 1.01% expense ratio, which is higher than IGLD's 0.85% expense ratio.

Dividends

HYLS vs. IGLD - Dividend Comparison

HYLS's dividend yield for the trailing twelve months is around 6.70%, less than IGLD's 17.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HYLS First Trust Tactical High Yield ETF	6.70%	6.38%	6.25%	5.98%	7.38%	5.48%	5.09%	5.17%	5.81%	5.53%	5.37%	6.11%
IGLD FT Cboe Vest Gold Strategy Target Income ETF	17.92%	9.91%	20.81%	7.85%	4.45%	2.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HYLS and IGLD in my portfolio?

HYLS and IGLD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HYLS or IGLD?

IGLD has higher volatility (5.12%) compared to HYLS (1.16%). In terms of maximum drawdown, HYLS dropped -22.99% vs IGLD's -18.59%.

Which ETF is better, HYLS or IGLD?

On 5-year performance, IGLD leads with 13.02% vs 2.94% for HYLS. On fees, IGLD is cheaper at 0.85% per year. On volatility, HYLS has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HYLS or IGLD?

Over the 5-year period, IGLD has performed better with a 13.02% return vs 2.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HYLS or IGLD?

IGLD is cheaper with a 0.85% expense ratio, compared with 1.01% for HYLS.

Which ETF pays a higher dividend yield, HYLS or IGLD?

IGLD has the higher dividend yield at 17.92%, compared with 6.70% for HYLS.

What is the main difference between HYLS and IGLD?

HYLS is categorized as High Yield Bonds, while IGLD is Precious Metals. Their fees differ too: 1.01% for HYLS and 0.85% for IGLD.

Which has better risk-adjusted returns?

HYLS currently has the higher Sharpe Ratio (1.54 vs 1.06), 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.