IGLD vs. GOLY
IGLD (FT Vest Gold Strategy Target Income ETF) and GOLY (Strategy Shares Gold Enhanced Yield ETF) are both exchange-traded funds - IGLD is a Gold fund actively managed by First Trust, while GOLY is a Nontraditional Bonds fund actively managed by Strategy Shares. Both are actively managed. Over the past 5 years, IGLD returned 12.05%/yr vs 4.10%/yr for GOLY. Their 0.77 correlation means they have sometimes moved together and sometimes differently. 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 -6.86% return, which is significantly higher than GOLY's -27.25% return.
IGLD
- 1D
- -0.32%
- 1M
- -1.46%
- 6M
- -11.29%
- YTD
- -6.86%
- 1Y
- 13.43%
- 3Y*
- 19.46%
- 5Y*
- 12.05%
- 10Y*
- —
- ALL TIME*
- 11.73%
GOLY
- 1D
- -0.96%
- 1M
- -3.73%
- 6M
- -28.11%
- YTD
- -27.25%
- 1Y
- -9.89%
- 3Y*
- 14.43%
- 5Y*
- 4.10%
- 10Y*
- —
- ALL TIME*
- 3.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $654.98K | $544.33K | $930.96K | |
| $4.93M | $5.43M | $7.10M |
IGLD vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | -6.86% | 47.46% | 19.36% | 9.24% | -2.34% | -2.53% |
GOLY Strategy Shares Gold Enhanced Yield ETF | -27.25% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
Correlation
The correlation between IGLD and GOLY is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.78 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
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 0.77 to 0.78 - 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 Enhanced Yield 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 | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.98 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.57 | -0.26 | +0.83 |
| Martin ratioReturn relative to average drawdown | 1.26 | -0.51 | +1.78 |
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Drawdowns
IGLD vs. GOLY - Drawdown Comparison
The maximum IGLD drawdown since its inception was -23.84%, smaller than the maximum GOLY drawdown of -37.99%. 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 | -23.84% | -37.99% | +14.15% |
Max Drawdown (1Y)Largest decline over 1 year | -23.84% | -37.99% | +14.15% |
Max Drawdown (3Y)Largest decline over 3 years | -23.84% | -37.99% | +14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | -37.99% | +14.15% |
Current DrawdownCurrent decline from peak | -22.29% | -37.23% | +14.94% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -12.58% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.65% | 19.28% | -8.63% |
Volatility
IGLD vs. GOLY - Volatility Comparison
The current volatility for FT Vest Gold Strategy Target Income ETF (IGLD) is 5.32%, while Strategy Shares Gold Enhanced Yield ETF (GOLY) has a volatility of 6.47%. 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 | 5.32% | 6.47% | -1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 25.33% | -4.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.12% | 33.91% | -8.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 22.77% | -7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.43% | 22.43% | -7.00% |
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 23.29%, more than GOLY's 9.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold Enhanced Yield ETF | 9.50% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
IGLD FT Vest Gold Strategy Target Income ETF | 23.29% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
IGLD and GOLY 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.
GOLY has higher volatility (6.47%) compared to IGLD (5.32%). In terms of maximum drawdown, IGLD dropped -23.84% vs GOLY's -37.99%.
On 5-year performance, IGLD leads with 12.05% vs 4.10% for GOLY. On fees, GOLY is cheaper at 0.79% per year. On volatility, IGLD has been the lower-risk option at 5.32%. 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 12.05% return vs 4.10%. 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 23.29%, compared with 9.50% 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 (0.54 vs -0.29), 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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