USG vs. QGLDX

Last updated Aug 2, 2026

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

Performance

USG vs. QGLDX - Performance Comparison

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

Returns By Period

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

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%

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%

*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

USG vs. QGLDX - Yearly Performance Comparison

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

Correlation

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

Return for Risk

USG vs. QGLDX — Risk / Return Rank

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

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

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

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.

USG vs. QGLDX - Risk-Adjusted Trends Comparison

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

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

USG vs. QGLDX - Sharpe Ratio Comparison

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

USG vs. QGLDX - Drawdown Comparison

The maximum USG drawdown since its inception was -24.86%, smaller than the maximum QGLDX drawdown of -27.17%. Use the drawdown chart below to compare losses from any high point for USG and QGLDX.

Drawdown Indicators

	USG	QGLDX	Difference
Max Drawdown Largest peak-to-trough decline	-24.86%	-27.17%	+2.31%
Max Drawdown (1Y) Largest decline over 1 year	-24.86%	-26.47%	+1.61%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	-26.47%	+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	-23.51%	-24.01%	+0.50%
Average Drawdown Average peak-to-trough decline	-4.94%	-11.47%	+6.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.10%	12.13%	-1.03%

Volatility

USG vs. QGLDX - Volatility Comparison

USCF Gold Strategy Plus Income Fund (USG) and Quantified Gold Futures Tracking Fund Investor Class (QGLDX) have volatilities of 6.20% and 6.24%, 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

	USG	QGLDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.20%	6.24%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	21.85%	23.42%	-1.57%
Volatility (1Y) Calculated over the trailing 1-year period	24.85%	28.07%	-3.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	18.68%	-2.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.24%	16.62%	-0.38%

USG vs. QGLDX - Expense Ratio Comparison

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

Dividends

USG vs. QGLDX - Dividend Comparison

USG's dividend yield for the trailing twelve months is around 29.77%, less than QGLDX's 63.85% 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 USG and QGLDX in my portfolio?

With a correlation of 0.95, USG and QGLDX 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, USG or QGLDX?

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

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.