IGLD vs. IAU
Compare and contrast key facts about FT Cboe Vest Gold Strategy Target Income ETF (IGLD) and iShares Gold Trust (IAU).
IGLD and IAU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGLD or IAU.
Key characteristics
| IGLD | IAU | |
|---|---|---|
| YTD Return | 7.28% | 11.50% |
| 1Y Return | 7.22% | 11.99% |
| 3Y Return (Ann) | 5.08% | 8.76% |
| Sharpe Ratio | 0.78 | 1.04 |
| Daily Std Dev | 9.69% | 12.28% |
| Max Drawdown | -18.58% | -45.14% |
| Current Drawdown | -1.59% | -3.67% |
Correlation
The correlation between IGLD and IAU is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
IGLD vs. IAU - Performance Comparison
In the year-to-date period, IGLD achieves a 7.28% return, which is significantly lower than IAU's 11.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IGLD vs. IAU - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
IGLD vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) and iShares Gold Trust (IAU). 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.
Dividends
IGLD vs. IAU - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 8.03%, while IAU has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 8.03% | 7.85% | 4.45% | 2.24% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
IGLD vs. IAU - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.58%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for IGLD and IAU. For additional features, visit the drawdowns tool.
Volatility
IGLD vs. IAU - Volatility Comparison
The current volatility for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) is 3.08%, while iShares Gold Trust (IAU) has a volatility of 5.17%. This indicates that IGLD experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.