IGLD vs. GLDI
IGLD (FT Vest Gold Strategy Target Income ETF) and GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) are both Gold funds. IGLD is actively managed, while GLDI is passively managed. Over the past 5 years, IGLD returned 13.19%/yr vs 11.32%/yr for GLDI. Their correlation of 0.82 suggests significant overlap in exposure. IGLD charges 0.85%/yr vs 0.65%/yr for GLDI.
Performance
IGLD vs. GLDI - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a -3.67% return, which is significantly lower than GLDI's -2.88% return.
IGLD
- 1D
- -0.63%
- 1M
- -6.25%
- YTD
- -3.67%
- 6M
- -5.24%
- 1Y
- 17.49%
- 3Y*
- 21.13%
- 5Y*
- 13.19%
- 10Y*
- —
GLDI
- 1D
- -0.50%
- 1M
- -5.67%
- YTD
- -2.88%
- 6M
- -3.64%
- 1Y
- 14.20%
- 3Y*
- 18.11%
- 5Y*
- 11.32%
- 10Y*
- 8.00%
IGLD vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | -3.67% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -2.88% | 34.25% | 17.76% | 8.93% | -1.11% | 4.21% |
Correlation
The correlation between IGLD and GLDI is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.82 |
The correlation between IGLD and GLDI has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.
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Return for Risk
IGLD vs. GLDI — Risk / Return Rank
IGLD
GLDI
IGLD vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Target Income ETF (IGLD) and UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI). 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 | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.19 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 1.01 | -0.21 |
| Martin ratioReturn relative to average drawdown | 2.32 | 3.38 | -1.06 |
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Drawdowns
IGLD vs. GLDI - Drawdown Comparison
The maximum IGLD drawdown since its inception was -21.90%, smaller than the maximum GLDI drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for IGLD and GLDI.
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Drawdown Indicators
| IGLD | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.90% | -32.26% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -14.14% | -7.76% |
Max Drawdown (3Y)Largest decline over 3 years | -21.90% | -14.14% | -7.76% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -14.14% | -7.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.94% | — |
Current DrawdownCurrent decline from peak | -19.63% | -11.85% | -7.78% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -13.99% | +8.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.56% | 4.21% | +3.35% |
Volatility
IGLD vs. GLDI - Volatility Comparison
FT Vest Gold Strategy Target Income ETF (IGLD) has a higher volatility of 7.99% compared to UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) at 7.07%. This indicates that IGLD's price experiences larger fluctuations and is considered to be riskier than GLDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLD | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 7.07% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 22.26% | 14.49% | +7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.36% | 15.94% | +8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 11.55% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 11.53% | +3.75% |
IGLD vs. GLDI - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than GLDI's 0.65% expense ratio.
Dividends
IGLD vs. GLDI - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 18.91%, less than GLDI's 26.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | 26.24% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
IGLD FT Vest Gold Strategy Target Income ETF | 18.91% | 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 GLDI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (7.99%) compared to GLDI (7.07%). In terms of maximum drawdown, IGLD dropped -21.90% vs GLDI's -32.26%.
On 5-year performance, IGLD leads with 13.19% vs 11.32% for GLDI. On fees, GLDI is cheaper at 0.65% per year. On volatility, GLDI has been the lower-risk option at 7.07%. 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 13.19% return vs 11.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDI is cheaper with a 0.65% expense ratio, compared with 0.85% for IGLD.
GLDI has the higher dividend yield at 26.24%, compared with 18.91% for IGLD.
They also come from different issuers: First Trust and UBS. Their fees differ too: 0.85% for IGLD and 0.65% for GLDI.
GLDI currently has the higher Sharpe Ratio (0.90 vs 0.72), 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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