QGLDX vs. USG

Last updated Apr 1, 2026

Compare and contrast key facts about The Gold Bullion Strategy Fund Investor Class (QGLDX) and USCF Gold Strategy Plus Income Fund (USG).

QGLDX is managed by Quantified Funds. It was launched on Apr 19, 2016. USG is an actively managed fund by USCF. It was launched on Nov 2, 2021.

Performance

QGLDX vs. USG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Gold Bullion Strategy Fund Investor Class (QGLDX) and USCF Gold Strategy Plus Income Fund (USG). The values are adjusted to include any dividend payments, if applicable.

QGLDX vs. USG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QGLDX The Gold Bullion Strategy Fund Investor Class	4.26%	59.91%	24.52%	10.39%	-4.64%	2.68%
USG USCF Gold Strategy Plus Income Fund	6.85%	52.02%	23.70%	8.49%	2.12%	3.12%

Returns By Period

In the year-to-date period, QGLDX achieves a 4.26% return, which is significantly lower than USG's 6.85% return.

QGLDX

• 1D: -0.01%
• 1M: -14.50%
• YTD: 4.26%
• 6M: 15.79%
• 1Y: 41.00%
• 3Y*: 28.74%
• 5Y*: 18.15%
• 10Y*: 10.94%

USG

• 1D: 3.71%
• 1M: -11.39%
• YTD: 6.85%
• 6M: 19.90%
• 1Y: 36.98%
• 3Y*: 28.37%
• 5Y*: —
• 10Y*: —

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

QGLDX vs. USG - Expense Ratio Comparison

QGLDX has a 1.00% expense ratio, which is higher than USG's 0.45% expense ratio.

QGLDX

The Gold Bullion Strategy Fund Investor Class

USG

USCF Gold Strategy Plus Income Fund

Return for Risk

QGLDX vs. USG — Risk / Return Rank

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

QGLDX

QGLDX Risk / Return Rank: 82
QGLDX Sharpe Ratio Rank: 83
QGLDX Sortino Ratio Rank: 79
QGLDX Omega Ratio Rank: 77
QGLDX Calmar Ratio Rank: 87
QGLDX Martin Ratio Rank: 83

USG

USG Risk / Return Rank: 83
USG Sharpe Ratio Rank: 83
USG Sortino Ratio Rank: 80
USG Omega Ratio Rank: 80
USG Calmar Ratio Rank: 84
USG Martin Ratio Rank: 86

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.

QGLDX vs. USG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Gold Bullion Strategy Fund Investor Class (QGLDX) and USCF Gold Strategy Plus Income Fund (USG). 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.

	QGLDX	USG	Difference
Sharpe ratio Return per unit of total volatility	1.57	1.55	+0.02
Sortino ratio Return per unit of downside risk	1.99	2.03	-0.04
Omega ratio Gain probability vs. loss probability	1.29	1.31	-0.02
Calmar ratio Return relative to maximum drawdown	2.28	2.10	+0.17
Martin ratio Return relative to average drawdown	8.43	9.03	-0.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QGLDX vs. USG - Sharpe Ratio Comparison

The current QGLDX Sharpe Ratio is 1.57, which is comparable to the USG Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of QGLDX and USG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	QGLDX	USG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.55	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	1.34	-0.81

Correlation

The correlation between QGLDX and USG is 0.81, 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.

Dividends

QGLDX vs. USG - Dividend Comparison

QGLDX's dividend yield for the trailing twelve months is around 58.07%, more than USG's 25.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QGLDX The Gold Bullion Strategy Fund Investor Class	58.07%	60.49%	28.70%	10.20%	0.00%	0.00%	9.92%	14.32%	1.23%	5.75%	2.08%
USG USCF Gold Strategy Plus Income Fund	25.77%	27.33%	7.48%	8.16%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

QGLDX vs. USG - Drawdown Comparison

The maximum QGLDX drawdown since its inception was -27.17%, which is greater than USG's maximum drawdown of -18.35%. Use the drawdown chart below to compare losses from any high point for QGLDX and USG.

Drawdown Indicators

	QGLDX	USG	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-18.35%	-8.82%
Max Drawdown (1Y) Largest decline over 1 year	-19.22%	-18.35%	-0.87%
Max Drawdown (5Y) Largest decline over 5 years	-23.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.17%	—	—
Current Drawdown Current decline from peak	-16.52%	-12.69%	-3.83%
Average Drawdown Average peak-to-trough decline	-11.28%	-4.01%	-7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.19%	4.27%	+0.92%

Volatility

QGLDX vs. USG - Volatility Comparison

The Gold Bullion Strategy Fund Investor Class (QGLDX) and USCF Gold Strategy Plus Income Fund (USG) have volatilities of 10.16% and 10.63%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QGLDX	USG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.16%	10.63%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	23.91%	20.81%	+3.10%
Volatility (1Y) Calculated over the trailing 1-year period	27.56%	23.94%	+3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	15.64%	+2.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.34%	15.64%	+0.70%