IGLD vs. GOLY
IGLD (FT Vest Gold Strategy Target Income ETF) and GOLY (Strategy Shares Gold-Hedged Bond ETF) are both exchange-traded funds - IGLD is a Gold fund actively managed by First Trust, while GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index. IGLD is actively managed, while GOLY is passively managed. Over the past 5 years, IGLD returned 12.76%/yr vs 5.64%/yr for GOLY. A 0.77 correlation means they provide meaningful diversification when combined. IGLD charges 0.85%/yr vs 0.79%/yr for GOLY.
Performance
IGLD vs. GOLY - Performance Comparison
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Returns By Period
In the year-to-date period, IGLD achieves a -5.55% return, which is significantly higher than GOLY's -24.89% return.
IGLD
- 1D
- -1.96%
- 1M
- -8.08%
- YTD
- -5.55%
- 6M
- -8.37%
- 1Y
- 14.83%
- 3Y*
- 20.33%
- 5Y*
- 12.76%
- 10Y*
- —
GOLY
- 1D
- -1.69%
- 1M
- -8.50%
- YTD
- -24.89%
- 6M
- -27.50%
- 1Y
- -9.04%
- 3Y*
- 15.20%
- 5Y*
- 5.64%
- 10Y*
- —
IGLD vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | -5.55% | 47.46% | 19.36% | 9.24% | -2.34% | -2.53% |
GOLY Strategy Shares Gold-Hedged Bond ETF | -24.89% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
Correlation
The correlation between IGLD and GOLY is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.77 |
The correlation between IGLD and GOLY has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.
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Return for Risk
IGLD vs. GOLY — Risk / Return Rank
IGLD
GOLY
IGLD vs. GOLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Target Income ETF (IGLD) 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.
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 | GOLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.98 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | -0.25 | +0.93 |
| Martin ratioReturn relative to average drawdown | 1.94 | -0.60 | +2.54 |
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Drawdowns
IGLD vs. GOLY - Drawdown Comparison
The maximum IGLD drawdown since its inception was -21.90%, smaller than the maximum GOLY drawdown of -36.08%. Use the drawdown chart below to compare losses from any high point for IGLD and GOLY.
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Drawdown Indicators
| IGLD | GOLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.90% | -36.08% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -36.08% | +14.18% |
Max Drawdown (3Y)Largest decline over 3 years | -21.90% | -36.08% | +14.18% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -36.08% | +14.18% |
Current DrawdownCurrent decline from peak | -21.20% | -35.19% | +13.99% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -12.06% | +6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.68% | 14.99% | -7.31% |
Volatility
IGLD vs. GOLY - Volatility Comparison
The current volatility for FT Vest Gold Strategy Target Income ETF (IGLD) is 8.14%, while Strategy Shares Gold-Hedged Bond ETF (GOLY) has a volatility of 9.36%. This indicates that IGLD experiences smaller price fluctuations and is considered to be less risky than GOLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IGLD | GOLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.14% | 9.36% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 22.34% | 30.58% | -8.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.40% | 33.78% | -9.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.48% | 22.57% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.30% | 22.42% | -7.12% |
IGLD vs. GOLY - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than GOLY's 0.79% expense ratio.
Dividends
IGLD vs. GOLY - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 19.29%, more than GOLY's 9.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 9.80% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
IGLD FT Vest Gold Strategy Target Income ETF | 19.29% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
IGLD and GOLY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (9.36%) compared to IGLD (8.14%). In terms of maximum drawdown, IGLD dropped -21.90% vs GOLY's -36.08%.
On 5-year performance, IGLD leads with 12.76% vs 5.64% for GOLY. On fees, GOLY is cheaper at 0.79% 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.
Over the 5-year period, IGLD has performed better with a 12.76% return vs 5.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOLY is cheaper with a 0.79% expense ratio, compared with 0.85% for IGLD.
IGLD has the higher dividend yield at 19.29%, compared with 9.80% for GOLY.
IGLD is categorized as Gold, while GOLY is Nontraditional Bonds. They also come from different issuers: First Trust and Strategy Shares. Their fees differ too: 0.85% for IGLD and 0.79% for GOLY.
IGLD currently has the higher Sharpe Ratio (0.61 vs -0.27), 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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