MPLY vs. GOLY

Last updated Jul 11, 2026

MPLY (Monopoly ETF) and GOLY (Strategy Shares Gold-Hedged Bond ETF) are both exchange-traded funds - MPLY is a Large Cap Blend Equities fund actively managed by Strategy Shares, while GOLY is a Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index. MPLY is actively managed, while GOLY is passively managed. Over the past year, MPLY returned 20.26% vs -8.18% for GOLY. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.79% expense ratio.

Performance

MPLY vs. GOLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Monopoly ETF (MPLY) and Strategy Shares Gold-Hedged Bond ETF (GOLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPLY achieves a 6.17% return, which is significantly higher than GOLY's -25.19% return.

MPLY

• 1D: 0.35%
• 1M: 0.56%
• 6M: 4.64%
• YTD: 6.17%
• 1Y: 20.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOLY

• 1D: -0.43%
• 1M: -2.86%
• 6M: -28.03%
• YTD: -25.19%
• 1Y: -8.18%
• 3Y*: 15.43%
• 5Y*: 4.96%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MPLY vs. GOLY - Yearly Performance Comparison

	2026 (YTD)	2025
MPLY Monopoly ETF	6.17%	20.65%
GOLY Strategy Shares Gold-Hedged Bond ETF	-25.19%	34.00%

Correlation

The correlation between MPLY and GOLY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since May 16, 2025	0.34

Return for Risk

MPLY vs. GOLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MPLY

MPLY Risk / Return Rank: 41
MPLY Sharpe Ratio Rank: 44
MPLY Sortino Ratio Rank: 42
MPLY Omega Ratio Rank: 41
MPLY Calmar Ratio Rank: 36
MPLY Martin Ratio Rank: 42

GOLY

GOLY Risk / Return Rank: 8
GOLY Sharpe Ratio Rank: 7
GOLY Sortino Ratio Rank: 8
GOLY Omega Ratio Rank: 8
GOLY Calmar Ratio Rank: 8
GOLY Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MPLY vs. GOLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Monopoly ETF (MPLY) 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.

	MPLY	GOLY	Difference
Sharpe ratio: Return per unit of total volatility	1.24	-0.20	+1.44
Sortino ratio: Return per unit of downside risk	1.75	-0.04	+1.80
Omega ratio: Gain probability vs. loss probability	1.22	0.99	+0.23
Calmar ratio: Return relative to maximum drawdown	1.49	-0.18	+1.68
Martin ratio: Return relative to average drawdown	5.36	-0.40	+5.76

MPLY vs. GOLY - Sharpe Ratio Comparison

The current MPLY Sharpe Ratio is 1.24, which is higher than the GOLY Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of MPLY and GOLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MPLY vs. GOLY - Drawdown Comparison

The maximum MPLY drawdown since its inception was -13.46%, smaller than the maximum GOLY drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for MPLY and GOLY.

Drawdown Indicators

	MPLY	GOLY	Difference
Max Drawdown Largest peak-to-trough decline	-13.46%	-36.97%	+23.51%
Max Drawdown (1Y) Largest decline over 1 year	-13.46%	-36.97%	+23.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.97%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-36.97%	—
Current Drawdown Current decline from peak	-3.88%	-35.45%	+31.57%
Average Drawdown Average peak-to-trough decline	-2.28%	-12.28%	+10.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	16.88%	-13.14%

Volatility

MPLY vs. GOLY - Volatility Comparison

The current volatility for Monopoly ETF (MPLY) is 6.07%, while Strategy Shares Gold-Hedged Bond ETF (GOLY) has a volatility of 9.05%. This indicates that MPLY 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.

Volatility by Period

	MPLY	GOLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.07%	9.05%	-2.98%
Volatility (6M) Calculated over the trailing 6-month period	12.95%	30.24%	-17.29%
Volatility (1Y) Calculated over the trailing 1-year period	16.16%	33.83%	-17.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.75%	22.65%	-6.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.75%	22.42%	-6.67%

MPLY vs. GOLY - Expense Ratio Comparison

Both MPLY and GOLY have an expense ratio of 0.79%.

Dividends

MPLY vs. GOLY - Dividend Comparison

MPLY's dividend yield for the trailing twelve months is around 0.12%, less than GOLY's 9.84% yield.

Position	TTM	2025	2024	2023	2022	2021
GOLY Strategy Shares Gold-Hedged Bond ETF	9.84%	7.22%	3.85%	2.94%	2.57%	1.11%
MPLY Monopoly ETF	0.12%	0.13%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MPLY and GOLY in my portfolio?

MPLY and GOLY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPLY or GOLY?

GOLY has higher volatility (9.05%) compared to MPLY (6.07%). In terms of maximum drawdown, MPLY dropped -13.46% vs GOLY's -36.97%.

Which ETF is better, MPLY or GOLY?

On 1-year performance, MPLY leads with 20.26% vs -8.18% for GOLY. Both ETFs have the same 0.79% expense ratio. On volatility, MPLY has been the lower-risk option at 6.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MPLY or GOLY?

Over the 1-year period, MPLY has performed better with a 20.26% return vs -8.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MPLY or GOLY?

MPLY and GOLY have the same expense ratio: 0.79% per year.

Which ETF pays a higher dividend yield, MPLY or GOLY?

GOLY has the higher dividend yield at 9.84%, compared with 0.12% for MPLY.

What is the main difference between MPLY and GOLY?

MPLY is categorized as Large Cap Blend Equities, while GOLY is Nontraditional Bonds.

Which has better risk-adjusted returns?

MPLY currently has the higher Sharpe Ratio (1.24 vs -0.20), 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.