Skip to content
etf.net

GLDN vs IGLD

Nicholas Gold Income ETF

GLDNDNYSE Arca

FT Vest Gold Strategy Target Income ETF

IGLDACboe

Overlap

Expense ratio

IGLD −0.22pt a year

GLDN1.07%IGLD0.85%

Avg volume · 30D

IGLD 53.1×the volume

GLDN7.2KIGLD383K

GLDN vs IGLD Performance

Jul 31, 2026 – Oct 30, 2026

+0.8%GLDN−5.1%IGLD

Jul 31, 2026 to Oct 30, 2026. GLDN +0.8%. IGLD −5.1%. Use the arrow keys to read each point.10%20%30%Jul 2026Sep 2026Oct 2026
Expense ratio
GLDN 1.07%
IGLD 0.85%, better
Fund size
GLDN $4M
IGLD $554M
1Y total return
GLDN No data
IGLD −5.2%
Yield (12M)
GLDN No data
IGLD 26.34%
Holdings
GLDN 28
IGLD 4
Avg volume (30D)
GLDN 7.2K sh
IGLD 383K sh, better
NAV per share
GLDN $14.33
IGLD $18.89
52W range

ETF.net Grade

GLDN: Cost 12, Risk 34, Mission not scored, Tradability 28, Holdings 71, Durability 29. IGLD: Cost 66, Risk 65, Mission 69, Tradability 78, Holdings not scored, Durability 95.
Pillar letters and Scores for GLDN, IGLD, with each pillar’s weight
PillarGLDNIGLD
Cost30% weightF12B66Higher
Mission25% weightNot scoredB69
Risk15% weightD34B65Higher
Tradability15% weightD28A78Higher
Holdings10% weightA71Not scored
Durability5% weightD29A95Higher

Rank among Gold & Metals Option Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GLDN and IGLD are both graded against the same 12 Gold & Metals Option Income funds, so their Grades compare head to head.

Gold & Metals Option Income⁠

Category · 12 funds
See all 12 ›

IGLD ranks 2nd and GLDN 12th of 12 funds in the Gold & Metals Option Income Category.

  1. Rank 1AIAUINEOS Gold High Income ETFScore 72
  2. Rank 2AIGLDFT Vest Gold Strategy Target Income ETFScore 70
  3. Rank 3BSLJYAmplify SILJ Covered Call ETFScore 66
  4. Rank 11DNUGYGraniteShares YieldBOOST Gold Miners ETFScore 30
  5. Rank 12DGLDNNicholas Gold Income ETFScore 28

Our read on each fund

ETF.net Research

GLDNDNicholas Gold Income ETF

IGLDAFT Vest Gold Strategy Target Income ETF

In short

GLDN Most gold-income funds pick a lane: the miners or the metal. GLDN swings at both plus an options overlay in one actively managed wrapper, and it keeps capital appreciation as the primary goal with income riding shotgun.

IGLD Gold that pays you monthly. IGLD holds Treasuries plus options tied to the SPDR Gold Trust, chasing bullion's price moves while selling calls to fund a monthly distribution. Running since 2021.

Stated mandate

GLDN The Fund is actively managed and seeks capital appreciation as its primary objective, with current income as a secondary objective. It combines gold-industry equities, commodity exposure, and an options overlay.

IGLD The fund seeks participation in the price returns of SPDR Gold Trust while providing consistent income. It invests mainly in U.S. Treasury securities and a subsidiary holding exchange-traded options referencing that gold ETF.

Why people hold it

  • GLDN Three gold trades in one wrapper: gold-industry equities, commodity exposure, and an options overlay, run by an active manager rather than a fixed index.
  • Growth first, income second. The prospectus names capital appreciation the primary objective, so the call writing layers on top of gold exposure instead of replacing it.
  • A concentrated book of roughly 50 positions, so individual manager picks actually move the needle.
  • Built as a 1940 Act registered fund, the plain-vanilla ETF wrapper, not a commodity partnership.
  • IGLD An early mover in gold options-income. Launched in 2021, it has run its call-selling engine through real gold cycles, not a backtest.ftportfolios.com
  • 0.85% a year undercuts the typical fee in the gold options-income crowd.
  • Plain plumbing: Treasuries as collateral, a subsidiary holding the gold options, all inside a standard 1940 Act fund. No K-1 partnership paperwork.ftportfolios.com
  • Distributions land monthly, and the fund sits among the stronger builds in its peer group for doing what its documents say.

Worth knowing

  • GLDN At 1.07%, the fee sits above most gold-income rivals, including IAUI and YGLD. Active stock picking plus an overlay costs more than an index-and-calls build.
  • Writing options for income means handing back part of a big gold move. That trade-off is baked into the strategy.
  • A 2026 launch that is still small and thinly traded, so there is no long record yet and spreads can run wider than at the category's heavyweights.
  • IGLD No bars in a vault here. Exposure comes from options referencing a gold ETF, and the calls sold to fund income trim how much of a gold rally you keep.ftportfolios.com
  • Part of a payout can be return of capital, which is your own money coming back and lowers your cost basis.ftportfolios.com
  • Not the cheapest seat in the room: YGLD charges 0.53% for its own gold-plus-income spin.

Full GLDN profile⁠

Full IGLD profile⁠

GLDN vs IGLD Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GLDN vs IGLD Cost

Overpaying GLDN vs IGLD

$3,616

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GLDN 1.07%

    $19,815

  • IGLD 0.85%

    $16,199

$10,000
30 years

Cost over time

  • GLDN 1.07%
  • IGLD 0.85%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GLDN $19,815IGLD $16,199

Year by year

YearGLDNIGLDOverpaying
10$1,881$1,508$373
20$7,046$5,706$1,340
30$19,815$16,199$3,616

Expense ratio

  • 1.07%GLDN
  • 0.85%IGLD, cheaper
  • Middle half of Gold & Metals Option Income funds
  • Median 0.95%

IGLD 4th cheapest of 12 funds

GLDN 11th cheapest of 12 funds

GLDN vs IGLD Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GLDN No data
IGLD 26.34%
Payout (12M)
GLDN No data
IGLD $4.98
Last payment
GLDN $0.04
IGLD $0.12
Ex-dividend
GLDN Oct 26, 2026
IGLD Oct 1, 2026
Paid on
GLDN Oct 27, 2026
IGLD Oct 2, 2026
Frequency
GLDN Weekly
IGLD Monthly

Distribution history

Per share, 2026, same scale for both

GLDNWeekly · 34 paymentsAll GLDN payments⁠
One bar per payment. 34 payments in 2026 YTD. Mar 9, 2026 $0.06; Mar 16, 2026 $0.06; Mar 23, 2026 $0.05; Mar 30, 2026 $0.05; Apr 6, 2026 $0.05; Apr 13, 2026 $0.06; Apr 20, 2026 $0.05; Apr 27, 2026 $0.05; May 4, 2026 $0.05; May 11, 2026 $0.05; May 18, 2026 $0.05; May 22, 2026 $0.05; Jun 1, 2026 $0.05; Jun 8, 2026 $0.05; Jun 15, 2026 $0.04; Jun 22, 2026 $0.05; Jun 29, 2026 $0.04; Jul 6, 2026 $0.04; Jul 13, 2026 $0.04; Jul 20, 2026 $0.04; Jul 27, 2026 $0.04; Aug 3, 2026 $0.04; Aug 10, 2026 $0.04; Aug 17, 2026 $0.05; Aug 24, 2026 $0.05; Aug 31, 2026 $0.05; Sep 4, 2026 $0.05; Sep 14, 2026 $0.05; Sep 21, 2026 $0.05; Sep 28, 2026 $0.05; Oct 5, 2026 $0.04; Oct 9, 2026 $0.04; Oct 19, 2026 $0.04; Oct 26, 2026 $0.04. Use the arrow keys to read each point.$0$0.502026YTD
IGLDMonthly · 9 paymentsAll IGLD payments⁠
One bar per payment. 9 payments in 2026 YTD. Feb 2, 2026 $0.55; Mar 2, 2026 $0.50; Apr 1, 2026 $0.48; May 1, 2026 $0.44; Jun 1, 2026 $0.44; Jul 1, 2026 $0.43; Aug 3, 2026 $0.42; Sep 1, 2026 $0.40; Oct 1, 2026 $0.12. Use the arrow keys to read each point.$0$0.502026YTD

GLDN vs IGLD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
GLDN No dataIGLD 15.8%
Return per unit of riskSharpe ratio, 3 years
GLDN No dataIGLD 0.83
Worst fallMax drawdown, 5 years
GLDN No dataIGLD −26.0%
Market sensitivityBeta, 5 years
GLDN 0.96IGLD 0.20

GLDN and IGLD in the news

All news⁠

Popular comparisons

  • GLDNDvsIAUIA

    Nicholas Gold Income ETF · NEOS Gold High Income ETF

    Expense ratio
    1.07% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IGLDAvsIAUIA

    FT Vest Gold Strategy Target Income ETF · NEOS Gold High Income ETF

    Expense ratio
    0.85% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GLDNDvsSLJYB

    Nicholas Gold Income ETF · Amplify SILJ Covered Call ETF

    Expense ratio
    1.07% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IGLDAvsSLJYB

    FT Vest Gold Strategy Target Income ETF · Amplify SILJ Covered Call ETF

    Expense ratio
    0.85% · 0.76%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • GLDNDvsKGLDC

    Nicholas Gold Income ETF · Kurv Gold Enhanced Income ETF

    Expense ratio
    1.07% · 0.99%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • IGLDAvsKGLDC

    FT Vest Gold Strategy Target Income ETF · Kurv Gold Enhanced Income ETF

    Expense ratio
    0.85% · 0.99%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.