IGLD vs. NVO
IGLD (FT Vest Gold Strategy Target Income ETF) is Gold fund actively managed by First Trust, while NVO (Novo Nordisk A/S) is a stock. Over the past 5 years, IGLD returned 13.37%/yr vs 3.13%/yr for NVO. At a 0.11 correlation, their price movements are largely independent.
Performance
IGLD vs. NVO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IGLD achieves a -3.05% return, which is significantly higher than NVO's -12.15% return.
IGLD
- 1D
- -0.50%
- 1M
- -5.65%
- YTD
- -3.05%
- 6M
- -3.19%
- 1Y
- 18.24%
- 3Y*
- 20.70%
- 5Y*
- 13.37%
- 10Y*
- —
NVO
- 1D
- -0.76%
- 1M
- -3.94%
- YTD
- -12.15%
- 6M
- -7.05%
- 1Y
- -38.72%
- 3Y*
- -16.67%
- 5Y*
- 3.13%
- 10Y*
- 7.50%
IGLD vs. NVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | -3.05% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
NVO Novo Nordisk A/S | -12.15% | -39.22% | -15.93% | 54.84% | 22.66% | 57.15% |
Correlation
The correlation between IGLD and NVO is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.11 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IGLD vs. NVO — Risk / Return Rank
IGLD
NVO
IGLD vs. NVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Gold Strategy Target Income ETF (IGLD) and Novo Nordisk A/S (NVO). 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 | NVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.52 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.87 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | -0.77 | +1.61 |
| Martin ratioReturn relative to average drawdown | 2.47 | -1.20 | +3.67 |
Loading charts...
Drawdowns
IGLD vs. NVO - Drawdown Comparison
The maximum IGLD drawdown since its inception was -21.90%, smaller than the maximum NVO drawdown of -74.70%. Use the drawdown chart below to compare losses from any high point for IGLD and NVO.
Loading charts...
Drawdown Indicators
| IGLD | NVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.90% | -74.70% | +52.80% |
Max Drawdown (1Y)Largest decline over 1 year | -21.90% | -50.59% | +28.69% |
Max Drawdown (3Y)Largest decline over 3 years | -21.90% | -74.70% | +52.80% |
Max Drawdown (5Y)Largest decline over 5 years | -21.90% | -74.70% | +52.80% |
Max Drawdown (10Y)Largest decline over 10 years | — | -74.70% | — |
Current DrawdownCurrent decline from peak | -19.11% | -68.62% | +49.51% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -17.81% | +12.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.46% | 32.66% | -25.20% |
Volatility
IGLD vs. NVO - Volatility Comparison
The current volatility for FT Vest Gold Strategy Target Income ETF (IGLD) is 8.12%, while Novo Nordisk A/S (NVO) has a volatility of 10.13%. This indicates that IGLD experiences smaller price fluctuations and is considered to be less risky than NVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IGLD | NVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 10.13% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 22.26% | 37.86% | -15.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.31% | 51.56% | -27.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.45% | 38.34% | -22.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 32.53% | -17.25% |
Dividends
IGLD vs. NVO - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 18.79%, more than NVO's 4.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLD FT Vest Gold Strategy Target Income ETF | 18.79% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NVO Novo Nordisk A/S | 4.17% | 3.31% | 1.68% | 1.00% | 1.20% | 1.35% | 1.87% | 2.14% | 1.45% | 1.52% | 2.87% | 0.92% |
Frequently Asked Questions
IGLD and NVO have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVO has higher volatility (10.13%) compared to IGLD (8.12%). In terms of maximum drawdown, IGLD dropped -21.90% vs NVO's -74.70%.
IGLD currently has the higher Sharpe Ratio (0.76 vs -0.76), 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.
Find the right allocation for IGLD and NVO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer