YGLD vs. BGLD

Last updated Jun 4, 2026

YGLD (Simplify Gold Strategy PLUS Income ETF) and BGLD (FT Vest Gold Strategy Quarterly Buffer ETF) are both exchange-traded funds - YGLD is a Gold fund actively managed by Simplify, while BGLD is a Defined Outcome fund actively managed by FT Vest. Both are actively managed. Over the past year, YGLD returned 23.02% vs 12.93% for BGLD. A 0.62 correlation means they provide meaningful diversification when combined. YGLD charges 0.50%/yr vs 0.91%/yr for BGLD.

Performance

YGLD vs. BGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gold Strategy PLUS Income ETF (YGLD) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YGLD achieves a -7.24% return, which is significantly lower than BGLD's 0.32% return.

YGLD

• 1D: -1.34%
• 1M: -2.29%
• YTD: -7.24%
• 6M: -7.14%
• 1Y: 23.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BGLD

• 1D: -0.52%
• 1M: 0.80%
• YTD: 0.32%
• 6M: 1.34%
• 1Y: 12.93%
• 3Y*: 19.37%
• 5Y*: 11.20%
• 10Y*: —

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

YGLD vs. BGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD Simplify Gold Strategy PLUS Income ETF	-7.24%	96.82%	-4.17%
BGLD FT Vest Gold Strategy Quarterly Buffer ETF	0.32%	33.03%	-0.73%

Correlation

The correlation between YGLD and BGLD is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.62

The correlation between YGLD and BGLD has been stable across timeframes, ranging from 0.62 to 0.65 - a consistent structural relationship.

Return for Risk

YGLD vs. BGLD — Risk / Return Rank

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

YGLD

YGLD Risk / Return Rank: 18
YGLD Sharpe Ratio Rank: 18
YGLD Sortino Ratio Rank: 18
YGLD Omega Ratio Rank: 21
YGLD Calmar Ratio Rank: 17
YGLD Martin Ratio Rank: 16

BGLD

BGLD Risk / Return Rank: 28
BGLD Sharpe Ratio Rank: 29
BGLD Sortino Ratio Rank: 28
BGLD Omega Ratio Rank: 31
BGLD Calmar Ratio Rank: 25
BGLD Martin Ratio Rank: 27

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.

YGLD vs. BGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Gold Strategy PLUS Income ETF (YGLD) and FT Vest Gold Strategy Quarterly Buffer ETF (BGLD). 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.

	YGLD	BGLD	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.09	-0.52
Sortino ratio: Return per unit of downside risk	0.96	1.51	-0.55
Omega ratio: Gain probability vs. loss probability	1.14	1.21	-0.08
Calmar ratio: Return relative to maximum drawdown	0.68	1.17	-0.49
Martin ratio: Return relative to average drawdown	1.55	3.72	-2.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YGLD vs. BGLD - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 0.57, which is lower than the BGLD Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of YGLD and BGLD, 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

	YGLD	BGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	1.09	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.05	+0.12

Drawdowns

YGLD vs. BGLD - Drawdown Comparison

The maximum YGLD drawdown since its inception was -34.23%, which is greater than BGLD's maximum drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for YGLD and BGLD.

Drawdown Indicators

	YGLD	BGLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.23%	-16.19%	-18.04%
Max Drawdown (1Y) Largest decline over 1 year	-34.23%	-11.11%	-23.12%
Max Drawdown (3Y) Largest decline over 3 years	—	-11.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.52%	—
Current Drawdown Current decline from peak	-33.06%	-7.22%	-25.84%
Average Drawdown Average peak-to-trough decline	-7.91%	-3.64%	-4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.86%	3.49%	+11.37%

Volatility

YGLD vs. BGLD - Volatility Comparison

Simplify Gold Strategy PLUS Income ETF (YGLD) has a higher volatility of 8.70% compared to FT Vest Gold Strategy Quarterly Buffer ETF (BGLD) at 2.20%. This indicates that YGLD's price experiences larger fluctuations and is considered to be riskier than BGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YGLD	BGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.70%	2.20%	+6.50%
Volatility (6M) Calculated over the trailing 6-month period	34.68%	10.04%	+24.64%
Volatility (1Y) Calculated over the trailing 1-year period	40.43%	11.90%	+28.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.10%	9.97%	+29.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.10%	9.89%	+29.21%

YGLD vs. BGLD - Expense Ratio Comparison

YGLD has a 0.50% expense ratio, which is lower than BGLD's 0.91% expense ratio.

Dividends

YGLD vs. BGLD - Dividend Comparison

YGLD's dividend yield for the trailing twelve months is around 19.23%, less than BGLD's 44.18% yield.

Position	TTM	2025	2024	2023	2022
BGLD FT Vest Gold Strategy Quarterly Buffer ETF	44.18%	44.32%	25.04%	10.49%	0.40%
YGLD Simplify Gold Strategy PLUS Income ETF	19.23%	12.05%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YGLD and BGLD in my portfolio?

YGLD and BGLD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YGLD or BGLD?

YGLD has higher volatility (8.70%) compared to BGLD (2.20%). In terms of maximum drawdown, YGLD dropped -34.23% vs BGLD's -16.19%.

Which ETF is better, YGLD or BGLD?

On 1-year performance, YGLD leads with 23.02% vs 12.93% for BGLD. On fees, YGLD is cheaper at 0.50% per year. On volatility, BGLD has been the lower-risk option at 2.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YGLD or BGLD?

Over the 1-year period, YGLD has performed better with a 23.02% return vs 12.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YGLD or BGLD?

YGLD is cheaper with a 0.50% expense ratio, compared with 0.91% for BGLD.

Which ETF pays a higher dividend yield, YGLD or BGLD?

BGLD has the higher dividend yield at 44.18%, compared with 19.23% for YGLD.

What is the main difference between YGLD and BGLD?

YGLD is categorized as Gold, while BGLD is Defined Outcome. They also come from different issuers: Simplify and FT Vest. Their fees differ too: 0.50% for YGLD and 0.91% for BGLD.

Which has better risk-adjusted returns?

BGLD currently has the higher Sharpe Ratio (1.09 vs 0.57), 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.