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 11.58%/yr vs 4.15%/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 -7.95% return, which is significantly higher than GOLY's -27.51% return.
IGLD
- 1D
- -2.24%
- 1M
- -4.66%
- 6M
- -11.89%
- YTD
- -7.95%
- 1Y
- 12.59%
- 3Y*
- 18.93%
- 5Y*
- 11.58%
- 10Y*
- —
GOLY
- 1D
- -3.10%
- 1M
- -5.87%
- 6M
- -31.45%
- YTD
- -27.51%
- 1Y
- -11.02%
- 3Y*
- 13.08%
- 5Y*
- 4.15%
- 10Y*
- —
IGLD vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | -7.95% | 47.46% | 19.36% | 9.24% | -2.34% | -2.53% |
GOLY Strategy Shares Gold-Hedged Bond ETF | -27.51% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
Correlation
The correlation between IGLD and GOLY 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 (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year 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 0.76 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-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 | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.97 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | -0.30 | +0.83 |
| Martin ratioReturn relative to average drawdown | 1.37 | -0.65 | +2.02 |
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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 -37.45%. 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% | -37.45% | +13.61% |
Max Drawdown (1Y)Largest decline over 1 year | -23.84% | -37.45% | +13.61% |
Max Drawdown (3Y)Largest decline over 3 years | -23.84% | -37.45% | +13.61% |
Max Drawdown (5Y)Largest decline over 5 years | -23.84% | -37.45% | +13.61% |
Current DrawdownCurrent decline from peak | -23.20% | -37.45% | +14.25% |
Average DrawdownAverage peak-to-trough decline | -5.53% | -12.30% | +6.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.18% | 17.05% | -7.87% |
Volatility
IGLD vs. GOLY - Volatility Comparison
The current volatility for FT Vest Gold Strategy Target Income ETF (IGLD) is 7.70%, while Strategy Shares Gold-Hedged Bond ETF (GOLY) has a volatility of 8.43%. 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 | 7.70% | 8.43% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 22.41% | 30.38% | -7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.90% | 34.00% | -9.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.65% | 22.70% | -7.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.40% | 22.46% | -7.06% |
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 21.66%, more than GOLY's 10.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold-Hedged Bond ETF | 10.15% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% |
IGLD FT Vest Gold Strategy Target Income ETF | 21.66% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% |
Frequently Asked Questions
IGLD and GOLY 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.
GOLY has higher volatility (8.43%) compared to IGLD (7.70%). In terms of maximum drawdown, IGLD dropped -23.84% vs GOLY's -37.45%.
On 5-year performance, IGLD leads with 11.58% vs 4.15% for GOLY. On fees, GOLY is cheaper at 0.79% per year. On volatility, IGLD has been the lower-risk option at 7.70%. 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 11.58% return vs 4.15%. 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 21.66%, compared with 10.15% 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 (0.51 vs -0.33), 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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