IGLD vs. GDXY
IGLD (FT Cboe Vest Gold Strategy Target Income ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both exchange-traded funds - IGLD is a Precious Metals fund actively managed by First Trust, while GDXY is a Derivative Income fund managed by YieldMax. Over the past year, IGLD returned 24.53% vs 30.32% for GDXY. A 0.76 correlation means they provide meaningful diversification when combined. IGLD charges 0.85%/yr vs 0.99%/yr for GDXY.
Performance
IGLD vs. GDXY - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a 1.69% return, which is significantly higher than GDXY's -6.82% return.
IGLD
- 1D
- -0.81%
- 1M
- -1.33%
- YTD
- 1.69%
- 6M
- 4.44%
- 1Y
- 24.53%
- 3Y*
- 23.01%
- 5Y*
- 13.02%
- 10Y*
- —
GDXY
- 1D
- -2.47%
- 1M
- -2.37%
- YTD
- -6.82%
- 6M
- -3.09%
- 1Y
- 30.32%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IGLD vs. GDXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 1.69% | 47.46% | 7.32% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | -6.82% | 88.08% | -11.63% |
Correlation
The correlation between IGLD and GDXY is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.76 |
The correlation between IGLD and GDXY has been stable across timeframes, ranging from 0.76 to 0.76 - a consistent structural relationship.
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Return for Risk
IGLD vs. GDXY — Risk / Return Rank
IGLD
GDXY
IGLD vs. GDXY - 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 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.
| IGLD | GDXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 1.09 | +0.32 |
| Martin ratioReturn relative to average drawdown | 3.82 | 2.77 | +1.05 |
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 | GDXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.83 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.76 | +0.18 |
Drawdowns
IGLD vs. GDXY - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.59%, smaller than the maximum GDXY drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for IGLD and GDXY.
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Drawdown Indicators
| IGLD | GDXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.59% | -28.03% | +9.44% |
Max Drawdown (1Y)Largest decline over 1 year | -17.56% | -28.03% | +10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.59% | — | — |
Current DrawdownCurrent decline from peak | -15.16% | -25.20% | +10.04% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -6.40% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 10.96% | -4.53% |
Volatility
IGLD vs. GDXY - Volatility Comparison
The current volatility for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) is 5.12%, while YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a volatility of 11.75%. 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.
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Volatility by Period
| IGLD | GDXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 11.75% | -6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 21.01% | 30.92% | -9.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.24% | 36.57% | -13.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 31.73% | -16.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.00% | 31.73% | -16.73% |
IGLD vs. GDXY - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is lower than GDXY's 0.99% expense ratio.
Dividends
IGLD vs. GDXY - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 17.92%, less than GDXY's 74.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 74.25% | 52.13% | 23.91% | 0.00% | 0.00% | 0.00% |
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.92% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
IGLD and GDXY have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXY has higher volatility (11.75%) compared to IGLD (5.12%). In terms of maximum drawdown, IGLD dropped -18.59% vs GDXY's -28.03%.
On 1-year performance, GDXY leads with 30.32% vs 24.53% for IGLD. On fees, IGLD is cheaper at 0.85% per year. On volatility, IGLD has been the lower-risk option at 5.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GDXY has performed better with a 30.32% return vs 24.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGLD is cheaper with a 0.85% expense ratio, compared with 0.99% for GDXY.
GDXY has the higher dividend yield at 74.25%, compared with 17.92% for IGLD.
IGLD is categorized as Precious Metals, while GDXY is Derivative Income. They also come from different issuers: First Trust and YieldMax. Their fees differ too: 0.85% for IGLD and 0.99% for GDXY.
IGLD currently has the higher Sharpe Ratio (1.06 vs 0.83), 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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