IGLD vs. GDXY

Last updated Jun 24, 2026

IGLD (FT Vest Gold Strategy Target Income ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both Gold funds. Both are actively managed. Over the past year, IGLD returned 14.83% vs 17.53% for GDXY. A 0.76 correlation means they provide meaningful diversification when combined. IGLD charges 0.85%/yr vs 1.08%/yr for GDXY.

Performance

IGLD vs. GDXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Gold Strategy Target Income ETF (IGLD) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGLD achieves a -5.55% return, which is significantly higher than GDXY's -15.78% return.

IGLD

• 1D: -1.96%
• 1M: -8.08%
• YTD: -5.55%
• 6M: -8.37%
• 1Y: 14.83%
• 3Y*: 20.33%
• 5Y*: 12.76%
• 10Y*: —

GDXY

• 1D: -4.14%
• 1M: -9.62%
• YTD: -15.78%
• 6M: -19.56%
• 1Y: 17.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGLD vs. GDXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IGLD FT Vest Gold Strategy Target Income ETF	-5.55%	47.46%	8.16%
GDXY YieldMax Gold Miners Option Income Strategy ETF	-15.78%	88.08%	-11.84%

Correlation

The correlation between IGLD and GDXY is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since May 21, 2024	0.76

The correlation between IGLD and GDXY has been stable across timeframes, ranging from 0.76 to 0.77 - a consistent structural relationship.

Return for Risk

IGLD vs. GDXY — Risk / Return Rank

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

IGLD

IGLD Risk / Return Rank: 18
IGLD Sharpe Ratio Rank: 19
IGLD Sortino Ratio Rank: 18
IGLD Omega Ratio Rank: 20
IGLD Calmar Ratio Rank: 17
IGLD Martin Ratio Rank: 18

GDXY

GDXY Risk / Return Rank: 16
GDXY Sharpe Ratio Rank: 16
GDXY Sortino Ratio Rank: 15
GDXY Omega Ratio Rank: 17
GDXY Calmar Ratio Rank: 15
GDXY Martin Ratio Rank: 15

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.

IGLD vs. GDXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Target Income ETF (IGLD) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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.

	IGLD	GDXY	Difference
Sharpe ratio: Return per unit of total volatility	0.61	0.46	+0.15
Sortino ratio: Return per unit of downside risk	0.94	0.79	+0.15
Omega ratio: Gain probability vs. loss probability	1.14	1.11	+0.02
Calmar ratio: Return relative to maximum drawdown	0.68	0.52	+0.16
Martin ratio: Return relative to average drawdown	1.94	1.37	+0.56

IGLD vs. GDXY - Sharpe Ratio Comparison

The current IGLD Sharpe Ratio is 0.61, which is higher than the GDXY Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of IGLD and GDXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGLD vs. GDXY - Drawdown Comparison

The maximum IGLD drawdown since its inception was -21.90%, smaller than the maximum GDXY drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for IGLD and GDXY.

Drawdown Indicators

	IGLD	GDXY	Difference
Max Drawdown Largest peak-to-trough decline	-21.90%	-34.16%	+12.26%
Max Drawdown (1Y) Largest decline over 1 year	-21.90%	-34.16%	+12.26%
Max Drawdown (3Y) Largest decline over 3 years	-21.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.90%	—	—
Current Drawdown Current decline from peak	-21.20%	-32.39%	+11.19%
Average Drawdown Average peak-to-trough decline	-5.37%	-6.97%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.68%	12.81%	-5.13%

Volatility

IGLD vs. GDXY - Volatility Comparison

The current volatility for FT Vest Gold Strategy Target Income ETF (IGLD) is 8.14%, while YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a volatility of 14.40%. This indicates that IGLD experiences smaller price fluctuations and is considered to be less risky than GDXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGLD	GDXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.14%	14.40%	-6.26%
Volatility (6M) Calculated over the trailing 6-month period	22.34%	33.29%	-10.95%
Volatility (1Y) Calculated over the trailing 1-year period	24.40%	38.62%	-14.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.48%	32.58%	-17.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.30%	32.58%	-17.28%

IGLD vs. GDXY - Expense Ratio Comparison

IGLD has a 0.85% expense ratio, which is lower than GDXY's 1.08% expense ratio.

Dividends

IGLD vs. GDXY - Dividend Comparison

IGLD's dividend yield for the trailing twelve months is around 19.29%, less than GDXY's 78.76% yield.

Position	TTM	2025	2024	2023	2022	2021
GDXY YieldMax Gold Miners Option Income Strategy ETF	78.76%	52.13%	23.91%	0.00%	0.00%	0.00%
IGLD FT Vest Gold Strategy Target Income ETF	19.29%	9.91%	20.81%	7.85%	4.45%	2.24%

Frequently Asked Questions

Can I hold both IGLD and GDXY in my portfolio?

IGLD and GDXY have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGLD or GDXY?

GDXY has higher volatility (14.40%) compared to IGLD (8.14%). In terms of maximum drawdown, IGLD dropped -21.90% vs GDXY's -34.16%.

Which ETF is better, IGLD or GDXY?

On 1-year performance, GDXY leads with 17.53% vs 14.83% for IGLD. On fees, IGLD is cheaper at 0.85% per year. On volatility, IGLD has been the lower-risk option at 8.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGLD or GDXY?

Over the 1-year period, GDXY has performed better with a 17.53% return vs 14.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGLD or GDXY?

IGLD is cheaper with a 0.85% expense ratio, compared with 1.08% for GDXY.

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

GDXY has the higher dividend yield at 78.76%, compared with 19.29% for IGLD.

What is the main difference between IGLD and GDXY?

They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.85% for IGLD and 1.08% for GDXY.

Which has better risk-adjusted returns?

IGLD currently has the higher Sharpe Ratio (0.61 vs 0.46), 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.