RYSE vs. GOLY

Last updated Jun 26, 2026

RYSE (Cboe Vest 10 Year Interest Rate Hedge ETF) and GOLY (Strategy Shares Gold-Hedged Bond ETF) are both Nontraditional Bonds funds. RYSE is actively managed, while GOLY is passively managed. Over the past 3 years, RYSE returned 4.14%/yr vs 14.36%/yr for GOLY. At a correlation of -0.37, they often move in opposite directions. RYSE charges 0.85%/yr vs 0.79%/yr for GOLY.

Performance

RYSE vs. GOLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) 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, RYSE achieves a 2.52% return, which is significantly higher than GOLY's -26.33% return.

RYSE

• 1D: 0.00%
• 1M: 0.00%
• YTD: 2.52%
• 6M: 3.64%
• 1Y: 5.00%
• 3Y*: 4.14%
• 5Y*: —
• 10Y*: —

GOLY

• 1D: 0.84%
• 1M: -10.09%
• YTD: -26.33%
• 6M: -28.77%
• 1Y: -7.98%
• 3Y*: 14.36%
• 5Y*: 5.25%
• 10Y*: —

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

RYSE vs. GOLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	2.52%	-3.09%	12.46%	9.32%
GOLY Strategy Shares Gold-Hedged Bond ETF	-26.33%	57.98%	19.82%	2.99%

Correlation

The correlation between RYSE and GOLY is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	-0.32
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	-0.37

Over the past year, the inverse relationship between RYSE and GOLY has weakened: their correlation has moved from -0.37 to -0.15, meaning they move in opposite directions less often than they have historically.

Return for Risk

RYSE vs. GOLY — Risk / Return Rank

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

RYSE

RYSE Risk / Return Rank: 17
RYSE Sharpe Ratio Rank: 17
RYSE Sortino Ratio Rank: 16
RYSE Omega Ratio Rank: 16
RYSE Calmar Ratio Rank: 18
RYSE Martin Ratio Rank: 16

GOLY

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

RYSE vs. GOLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) 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.

	RYSE	GOLY	Difference
Sharpe ratio: Return per unit of total volatility	0.50	-0.24	+0.74
Sortino ratio: Return per unit of downside risk	0.79	-0.09	+0.88
Omega ratio: Gain probability vs. loss probability	1.10	0.99	+0.12
Calmar ratio: Return relative to maximum drawdown	0.70	-0.22	+0.92
Martin ratio: Return relative to average drawdown	1.56	-0.52	+2.08

RYSE vs. GOLY - Sharpe Ratio Comparison

The current RYSE Sharpe Ratio is 0.50, which is higher than the GOLY Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of RYSE 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

RYSE vs. GOLY - Drawdown Comparison

The maximum RYSE drawdown since its inception was -19.70%, smaller than the maximum GOLY drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for RYSE and GOLY.

Drawdown Indicators

	RYSE	GOLY	Difference
Max Drawdown Largest peak-to-trough decline	-19.70%	-36.97%	+17.27%
Max Drawdown (1Y) Largest decline over 1 year	-7.18%	-36.97%	+29.79%
Max Drawdown (3Y) Largest decline over 3 years	-19.70%	-36.97%	+17.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.97%	—
Current Drawdown Current decline from peak	-7.83%	-36.44%	+28.61%
Average Drawdown Average peak-to-trough decline	-9.14%	-12.10%	+2.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.21%	15.33%	-12.12%

Volatility

RYSE vs. GOLY - Volatility Comparison

The current volatility for Cboe Vest 10 Year Interest Rate Hedge ETF (RYSE) is 0.00%, while Strategy Shares Gold-Hedged Bond ETF (GOLY) has a volatility of 9.74%. This indicates that RYSE 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

	RYSE	GOLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	9.74%	-9.74%
Volatility (6M) Calculated over the trailing 6-month period	6.36%	30.59%	-24.23%
Volatility (1Y) Calculated over the trailing 1-year period	10.02%	33.84%	-23.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	22.61%	-7.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	22.44%	-7.66%

RYSE vs. GOLY - Expense Ratio Comparison

RYSE has a 0.85% expense ratio, which is higher than GOLY's 0.79% expense ratio.

Dividends

RYSE vs. GOLY - Dividend Comparison

RYSE's dividend yield for the trailing twelve months is around 1.37%, less than GOLY's 9.99% yield.

Position	TTM	2025	2024	2023	2022	2021
GOLY Strategy Shares Gold-Hedged Bond ETF	9.99%	7.22%	3.85%	2.94%	2.57%	1.11%
RYSE Cboe Vest 10 Year Interest Rate Hedge ETF	1.37%	1.86%	2.58%	24.91%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RYSE and GOLY in my portfolio?

RYSE and GOLY have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYSE or GOLY?

GOLY has higher volatility (9.74%) compared to RYSE (0.00%). In terms of maximum drawdown, RYSE dropped -19.70% vs GOLY's -36.97%.

Which ETF is better, RYSE or GOLY?

On 3-year performance, GOLY leads with 14.36% vs 4.14% for RYSE. On fees, GOLY is cheaper at 0.79% per year. On volatility, RYSE has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RYSE or GOLY?

Over the 3-year period, GOLY has performed better with a 14.36% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RYSE or GOLY?

GOLY is cheaper with a 0.79% expense ratio, compared with 0.85% for RYSE.

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

GOLY has the higher dividend yield at 9.99%, compared with 1.37% for RYSE.

What is the main difference between RYSE and GOLY?

They also come from different issuers: Vest and Strategy Shares. Their fees differ too: 0.85% for RYSE and 0.79% for GOLY.

Which has better risk-adjusted returns?

RYSE currently has the higher Sharpe Ratio (0.50 vs -0.24), 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.