SPCB vs. GOLY

Last updated Jun 3, 2026

SPCB (SuperCom Ltd.) is a stock, while GOLY (Strategy Shares Gold-Hedged Bond ETF) is Nontraditional Bonds fund tracking the Solactive Gold-Backed Bond Index. Over the past 5 years, SPCB returned -45.99%/yr vs 6.38%/yr for GOLY. At a 0.06 correlation, their price movements are largely independent.

Performance

SPCB vs. GOLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SuperCom Ltd. (SPCB) 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, SPCB achieves a 32.04% return, which is significantly higher than GOLY's -17.86% return.

SPCB

• 1D: -1.57%
• 1M: 22.75%
• YTD: 32.04%
• 6M: 31.61%
• 1Y: 26.99%
• 3Y*: -19.84%
• 5Y*: -45.99%
• 10Y*: -34.02%

GOLY

• 1D: 0.18%
• 1M: -2.36%
• YTD: -17.86%
• 6M: -14.48%
• 1Y: 4.45%
• 3Y*: 17.97%
• 5Y*: 6.38%
• 10Y*: —

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

SPCB vs. GOLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SPCB SuperCom Ltd.	32.04%	87.76%	-37.60%	-78.30%	-67.93%	-58.27%
GOLY Strategy Shares Gold-Hedged Bond ETF	-17.86%	57.98%	19.82%	12.74%	-19.96%	-1.30%

Correlation

The correlation between SPCB and GOLY is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since May 19, 2021	0.06

Return for Risk

SPCB vs. GOLY — Risk / Return Rank

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

SPCB

SPCB Risk / Return Rank: 53
SPCB Sharpe Ratio Rank: 54
SPCB Sortino Ratio Rank: 56
SPCB Omega Ratio Rank: 51
SPCB Calmar Ratio Rank: 55
SPCB Martin Ratio Rank: 52

GOLY

GOLY Risk / Return Rank: 11
GOLY Sharpe Ratio Rank: 10
GOLY Sortino Ratio Rank: 11
GOLY Omega Ratio Rank: 12
GOLY Calmar Ratio Rank: 11
GOLY Martin Ratio Rank: 11

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.

SPCB vs. GOLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SuperCom Ltd. (SPCB) 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.

	SPCB	GOLY	Difference
Sharpe ratio Return per unit of total volatility	0.39	0.14	+0.25
Sortino ratio Return per unit of downside risk	1.12	0.39	+0.73
Omega ratio Gain probability vs. loss probability	1.12	1.06	+0.06
Calmar ratio Return relative to maximum drawdown	0.64	0.23	+0.41
Martin ratio Return relative to average drawdown	1.10	0.54	+0.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPCB vs. GOLY - Sharpe Ratio Comparison

The current SPCB Sharpe Ratio is 0.39, which is higher than the GOLY Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of SPCB 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.

Sharpe Ratios by Period

	SPCB	GOLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.39	0.14	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.38	0.29	-0.67
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.30	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	0.30	-0.45

Drawdowns

SPCB vs. GOLY - Drawdown Comparison

The maximum SPCB drawdown since its inception was -99.98%, which is greater than GOLY's maximum drawdown of -35.99%. Use the drawdown chart below to compare losses from any high point for SPCB and GOLY.

Drawdown Indicators

	SPCB	GOLY	Difference
Max Drawdown Largest peak-to-trough decline	-99.98%	-35.99%	-63.99%
Max Drawdown (1Y) Largest decline over 1 year	-45.37%	-29.88%	-15.49%
Max Drawdown (3Y) Largest decline over 3 years	-88.41%	-29.88%	-58.53%
Max Drawdown (5Y) Largest decline over 5 years	-99.09%	-35.99%	-63.10%
Max Drawdown (10Y) Largest decline over 10 years	-99.69%	—	—
Current Drawdown Current decline from peak	-99.90%	-29.13%	-70.77%
Average Drawdown Average peak-to-trough decline	-91.50%	-11.84%	-79.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.31%	12.85%	+13.46%

Volatility

SPCB vs. GOLY - Volatility Comparison

SuperCom Ltd. (SPCB) has a higher volatility of 20.55% compared to Strategy Shares Gold-Hedged Bond ETF (GOLY) at 6.86%. This indicates that SPCB's price experiences larger fluctuations and is considered to be riskier than GOLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPCB	GOLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.55%	6.86%	+13.69%
Volatility (6M) Calculated over the trailing 6-month period	42.30%	29.48%	+12.82%
Volatility (1Y) Calculated over the trailing 1-year period	69.75%	32.94%	+36.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	122.08%	22.29%	+99.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.54%	22.21%	+92.33%

Dividends

SPCB vs. GOLY - Dividend Comparison

SPCB has not paid dividends to shareholders, while GOLY's dividend yield for the trailing twelve months is around 9.59%.

Position	TTM	2025	2024	2023	2022	2021
GOLY Strategy Shares Gold-Hedged Bond ETF	9.59%	7.22%	3.85%	2.94%	2.57%	1.11%
SPCB SuperCom Ltd.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPCB and GOLY in my portfolio?

SPCB and GOLY have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPCB or GOLY?

SPCB has higher volatility (20.55%) compared to GOLY (6.86%). In terms of maximum drawdown, SPCB dropped -99.98% vs GOLY's -35.99%.

Which has better risk-adjusted returns?

SPCB currently has the higher Sharpe Ratio (0.39 vs 0.14), 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.