ICAD vs. GOLY

Last updated Jun 4, 2026

ICAD (iCAD, Inc.) is a stock, while GOLY (Strategy Shares Gold-Hedged Bond ETF) is Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index. At a 0.05 correlation, their price movements are largely independent.

Performance

ICAD vs. GOLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iCAD, Inc. (ICAD) and Strategy Shares Gold-Hedged Bond ETF (GOLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ICAD

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOLY

• 1D: -1.46%
• 1M: -1.57%
• YTD: -19.06%
• 6M: -16.22%
• 1Y: 3.60%
• 3Y*: 17.40%
• 5Y*: 6.03%
• 10Y*: —

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

ICAD vs. GOLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ICAD iCAD, Inc.	0.00%	111.48%	3.39%	-3.28%	-74.58%	-53.82%
GOLY Strategy Shares Gold-Hedged Bond ETF	-19.06%	57.98%	19.82%	12.74%	-19.96%	-1.30%

Correlation

The correlation between ICAD and GOLY is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since May 19, 2021	0.05

The correlation between ICAD and GOLY shifts across timeframes, from -0.10 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

ICAD vs. GOLY — Risk / Return Rank

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

GOLY

GOLY Risk / Return Rank: 10
GOLY Sharpe Ratio Rank: 10
GOLY Sortino Ratio Rank: 10
GOLY Omega Ratio Rank: 11
GOLY Calmar Ratio Rank: 10
GOLY Martin Ratio Rank: 10

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.

ICAD vs. GOLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iCAD, Inc. (ICAD) and Strategy Shares Gold-Hedged Bond 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ICAD	GOLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.29	—

Drawdowns

Drawdown Indicators

	ICAD	GOLY	Difference
Max Drawdown Largest peak-to-trough decline	—	-35.99%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-30.16%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.16%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-35.99%	—
Current Drawdown Current decline from peak	—	-30.16%	—
Average Drawdown Average peak-to-trough decline	—	-11.86%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.99%	—

Volatility

Volatility by Period

	ICAD	GOLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.64%	—
Volatility (6M) Calculated over the trailing 6-month period	—	29.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	32.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.30%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.21%	—

Dividends

ICAD vs. GOLY - Dividend Comparison

ICAD has not paid dividends to shareholders, while GOLY's dividend yield for the trailing twelve months is around 9.74%.

Position	TTM	2025	2024	2023	2022	2021
GOLY Strategy Shares Gold-Hedged Bond ETF	9.74%	7.22%	3.85%	2.94%	2.57%	1.11%
ICAD iCAD, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ICAD and GOLY in my portfolio?

ICAD and GOLY have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.