IGLD vs. FDL
IGLD (FT Cboe Vest Gold Strategy Target Income ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - IGLD is a Precious Metals fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. IGLD is actively managed, while FDL is passively managed. Over the past 5 years, IGLD returned 13.02%/yr vs 12.51%/yr for FDL. At a 0.12 correlation, their price movements are largely independent. IGLD charges 0.85%/yr vs 0.45%/yr for FDL.
Performance
IGLD vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a 1.69% return, which is significantly lower than FDL's 13.33% return.
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
FDL
- 1D
- -0.26%
- 1M
- -0.26%
- YTD
- 13.33%
- 6M
- 14.76%
- 1Y
- 23.67%
- 3Y*
- 18.97%
- 5Y*
- 12.51%
- 10Y*
- 11.24%
IGLD vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 13.33% | 14.79% | 17.98% | 2.94% | 6.66% | 19.67% |
Correlation
The correlation between IGLD and FDL is -0.00, 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 | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2021 | 0.12 |
The correlation between IGLD and FDL shifts across timeframes, from -0.00 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IGLD vs. FDL — Risk / Return Rank
IGLD
FDL
IGLD vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
| IGLD | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 5.56 | -4.16 |
| Martin ratioReturn relative to average drawdown | 3.82 | 13.56 | -9.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGLD | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 2.11 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.88 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.45 | +0.49 |
Drawdowns
IGLD vs. FDL - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.59%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for IGLD and FDL.
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Drawdown Indicators
| IGLD | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -65.93% | +47.34% |
Max Drawdown (1Y)Largest decline over 1 year | -17.56% | -4.27% | -13.29% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -12.24% | -5.32% |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | -16.46% | -2.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -15.16% | -2.18% | -12.98% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -9.66% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 1.75% | +4.68% |
Volatility
IGLD vs. FDL - Volatility Comparison
FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a higher volatility of 5.12% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.85%. This indicates that IGLD's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLD | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 2.85% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 21.01% | 7.87% | +13.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 11.28% | +11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 14.31% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 17.11% | -2.11% |
IGLD vs. FDL - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
IGLD vs. FDL - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 17.92%, more than FDL's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.68% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
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
IGLD and FDL have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.12%) compared to FDL (2.85%). In terms of maximum drawdown, IGLD dropped -18.59% vs FDL's -65.93%.
On 5-year performance, IGLD leads with 13.02% vs 12.51% for FDL. On fees, FDL is cheaper at 0.45% per year. On volatility, FDL has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGLD has performed better with a 13.02% return vs 12.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.45% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 17.92%, compared with 3.68% for FDL.
IGLD is categorized as Precious Metals, while FDL is Large Cap Value Equities. Their fees differ too: 0.85% for IGLD and 0.45% for FDL.
FDL currently has the higher Sharpe Ratio (2.11 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.
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