QGLDX vs. USG

Last updated Aug 1, 2026

QGLDX (Quantified Gold Futures Tracking Fund Investor Class) and USG (USCF Gold Strategy Plus Income Fund) are both Gold funds. Over the past 3 years, QGLDX returned 25.28%/yr vs 23.22%/yr for USG. Their correlation of 0.83 means they have usually moved in the same direction. QGLDX charges 1.00%/yr vs 0.45%/yr for USG.

Performance

QGLDX vs. USG - Performance Comparison

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

Returns By Period

In the year-to-date period, QGLDX achieves a -5.10% return, which is significantly higher than USG's -6.39% return.

QGLDX

• 1D: 1.64%
• 1M: -0.21%
• 6M: -15.33%
• YTD: -5.10%
• 1Y: 20.76%
• 3Y*: 25.28%
• 5Y*: 14.66%
• 10Y*: 8.80%
• ALL TIME*: 7.47%

USG

• 1D: -1.62%
• 1M: -1.67%
• 6M: -14.31%
• YTD: -6.39%
• 1Y: 15.26%
• 3Y*: 23.22%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.97%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QGLDX Quantified Gold Futures Tracking Fund Investor Class	$0.00	$0.00	$0.00
USG USCF Gold Strategy Plus Income Fund	$532.47K	$283.71K	$178.98K

QGLDX vs. USG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
QGLDX Quantified Gold Futures Tracking Fund Investor Class	-5.10%	59.91%	24.52%	10.39%	-4.64%	1.79%
USG USCF Gold Strategy Plus Income Fund	-6.39%	52.02%	23.70%	8.49%	2.12%	3.50%

Correlation

The correlation between QGLDX and USG is 0.95, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.95
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (All Time) Calculated using the full available price history since Nov 3, 2021	0.83

The correlation between QGLDX and USG shifts across timeframes, from 0.83 (all time) to 0.95 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

QGLDX vs. USG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QGLDX

QGLDX Risk / Return Rank: 21
QGLDX Sharpe Ratio Rank: 24
QGLDX Sortino Ratio Rank: 22
QGLDX Omega Ratio Rank: 28
QGLDX Calmar Ratio Rank: 19
QGLDX Martin Ratio Rank: 14

USG

USG Risk / Return Rank: 18
USG Sharpe Ratio Rank: 20
USG Sortino Ratio Rank: 19
USG Omega Ratio Rank: 24
USG Calmar Ratio Rank: 15
USG Martin Ratio Rank: 12

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QGLDX vs. USG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Quantified Gold Futures Tracking 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.

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.

	QGLDX	USG	Difference
Sharpe ratio: Return per unit of total volatility	0.86	0.72	+0.14
Sortino ratio: Return per unit of downside risk	1.22	1.06	+0.16
Omega ratio: Gain probability vs. loss probability	1.18	1.16	+0.02
Calmar ratio: Return relative to maximum drawdown	0.91	0.72	+0.19
Martin ratio: Return relative to average drawdown	1.99	1.61	+0.38

QGLDX vs. USG - Sharpe Ratio Comparison

The current QGLDX Sharpe Ratio is 0.86, which is comparable to the USG Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of QGLDX and USG, 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

QGLDX vs. USG - Drawdown Comparison

The maximum QGLDX drawdown since its inception was -27.17%, which is greater than USG's maximum drawdown of -24.86%. 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%	-24.86%	-2.31%
Max Drawdown (1Y) Largest decline over 1 year	-26.47%	-24.86%	-1.61%
Max Drawdown (3Y) Largest decline over 3 years	-26.47%	-24.86%	-1.61%
Max Drawdown (5Y) Largest decline over 5 years	-26.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-27.17%	—	—
Current Drawdown Current decline from peak	-24.01%	-23.51%	-0.50%
Average Drawdown Average peak-to-trough decline	-11.47%	-4.94%	-6.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.13%	11.10%	+1.03%

Volatility

QGLDX vs. USG - Volatility Comparison

Quantified Gold Futures Tracking Fund Investor Class (QGLDX) and USCF Gold Strategy Plus Income Fund (USG) have volatilities of 6.24% and 6.20%, 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	6.24%	6.20%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	23.42%	21.85%	+1.57%
Volatility (1Y) Calculated over the trailing 1-year period	28.07%	24.85%	+3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.68%	16.24%	+2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.62%	16.24%	+0.38%

QGLDX vs. USG - Expense Ratio Comparison

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

Dividends

QGLDX vs. USG - Dividend Comparison

QGLDX's dividend yield for the trailing twelve months is around 63.85%, more than USG's 29.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QGLDX Quantified Gold Futures Tracking Fund Investor Class	63.85%	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	29.77%	27.33%	7.48%	8.16%	2.85%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QGLDX and USG in my portfolio?

With a correlation of 0.95, QGLDX and USG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, QGLDX or USG?

QGLDX has higher volatility (6.24%) compared to USG (6.20%). In terms of maximum drawdown, QGLDX dropped -27.17% vs USG's -24.86%.

Which has better risk-adjusted returns?

QGLDX currently has the higher Sharpe Ratio (0.86 vs 0.72), 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.