UXAP vs. IGLD

Last updated Jun 24, 2026

UXAP (FT Vest U.S. Equity Uncapped Accelerator ETF - April) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - UXAP is a Defined Outcome fund actively managed by First Trust, while IGLD is a Gold fund actively managed by First Trust. Both are actively managed. Over the past year, UXAP returned 24.80% vs 14.83% for IGLD. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.85% expense ratio.

Performance

UXAP vs. IGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) and FT Vest Gold Strategy Target Income ETF (IGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXAP achieves a 8.53% return, which is significantly higher than IGLD's -5.55% return.

UXAP

• 1D: -1.37%
• 1M: -1.33%
• YTD: 8.53%
• 6M: 7.51%
• 1Y: 24.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IGLD

• 1D: -1.96%
• 1M: -8.08%
• YTD: -5.55%
• 6M: -8.37%
• 1Y: 14.83%
• 3Y*: 20.33%
• 5Y*: 12.76%
• 10Y*: —

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

UXAP vs. IGLD - Yearly Performance Comparison

	2026 (YTD)	2025
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April	8.53%	35.20%
IGLD FT Vest Gold Strategy Target Income ETF	-5.55%	24.03%

Correlation

The correlation between UXAP and IGLD is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 21, 2025	0.17

The correlation between UXAP and IGLD shifts across timeframes, from 0.17 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UXAP vs. IGLD — Risk / Return Rank

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

UXAP

UXAP Risk / Return Rank: 57
UXAP Sharpe Ratio Rank: 57
UXAP Sortino Ratio Rank: 55
UXAP Omega Ratio Rank: 56
UXAP Calmar Ratio Rank: 53
UXAP Martin Ratio Rank: 64

IGLD

IGLD Risk / Return Rank: 18
IGLD Sharpe Ratio Rank: 19
IGLD Sortino Ratio Rank: 18
IGLD Omega Ratio Rank: 20
IGLD Calmar Ratio Rank: 17
IGLD Martin Ratio Rank: 18

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.

UXAP vs. IGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) and FT Vest Gold Strategy Target Income ETF (IGLD). 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.

	UXAP	IGLD	Difference
Sharpe ratio: Return per unit of total volatility	1.76	0.61	+1.15
Sortino ratio: Return per unit of downside risk	2.40	0.94	+1.46
Omega ratio: Gain probability vs. loss probability	1.31	1.14	+0.18
Calmar ratio: Return relative to maximum drawdown	2.38	0.68	+1.70
Martin ratio: Return relative to average drawdown	10.49	1.94	+8.56

UXAP vs. IGLD - Sharpe Ratio Comparison

The current UXAP Sharpe Ratio is 1.76, which is higher than the IGLD Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of UXAP and IGLD, 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

UXAP vs. IGLD - Drawdown Comparison

The maximum UXAP drawdown since its inception was -10.45%, smaller than the maximum IGLD drawdown of -21.90%. Use the drawdown chart below to compare losses from any high point for UXAP and IGLD.

Drawdown Indicators

	UXAP	IGLD	Difference
Max Drawdown Largest peak-to-trough decline	-10.45%	-21.90%	+11.45%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-21.90%	+11.45%
Max Drawdown (3Y) Largest decline over 3 years	—	-21.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.90%	—
Current Drawdown Current decline from peak	-3.31%	-21.20%	+17.89%
Average Drawdown Average peak-to-trough decline	-1.29%	-5.37%	+4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	7.68%	-5.31%

Volatility

UXAP vs. IGLD - Volatility Comparison

The current volatility for FT Vest U.S. Equity Uncapped Accelerator ETF - April (UXAP) is 5.19%, while FT Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 8.14%. This indicates that UXAP experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXAP	IGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.19%	8.14%	-2.95%
Volatility (6M) Calculated over the trailing 6-month period	11.23%	22.34%	-11.11%
Volatility (1Y) Calculated over the trailing 1-year period	14.18%	24.40%	-10.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.56%	15.48%	-0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.56%	15.30%	-0.74%

UXAP vs. IGLD - Expense Ratio Comparison

Both UXAP and IGLD have an expense ratio of 0.85%.

Dividends

UXAP vs. IGLD - Dividend Comparison

UXAP has not paid dividends to shareholders, while IGLD's dividend yield for the trailing twelve months is around 19.29%.

Position	TTM	2025	2024	2023	2022	2021
IGLD FT Vest Gold Strategy Target Income ETF	19.29%	9.91%	20.81%	7.85%	4.45%	2.24%
UXAP FT Vest U.S. Equity Uncapped Accelerator ETF - April	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UXAP and IGLD in my portfolio?

UXAP and IGLD have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXAP or IGLD?

IGLD has higher volatility (8.14%) compared to UXAP (5.19%). In terms of maximum drawdown, UXAP dropped -10.45% vs IGLD's -21.90%.

Which ETF is better, UXAP or IGLD?

On 1-year performance, UXAP leads with 24.80% vs 14.83% for IGLD. Both ETFs have the same 0.85% expense ratio. On volatility, UXAP has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXAP or IGLD?

Over the 1-year period, UXAP has performed better with a 24.80% return vs 14.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXAP or IGLD?

UXAP and IGLD have the same expense ratio: 0.85% per year.

Which ETF pays a higher dividend yield, UXAP or IGLD?

IGLD has the higher dividend yield at 19.29%, compared with 0.00% for UXAP.

What is the main difference between UXAP and IGLD?

UXAP is categorized as Defined Outcome, while IGLD is Gold.

Which has better risk-adjusted returns?

UXAP currently has the higher Sharpe Ratio (1.76 vs 0.61), 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.