GOLY vs IGLD: Grades, Fees and Holdings Compared

Strategy Shares Gold Enhanced Yield ETF

GOLYCCboe

FT Vest Gold Strategy Target Income ETF

IGLDACboe

Overlap

0.0%by weight

Expense ratio

IGLD −0.05pt a year

GOLY0.90%IGLD0.85%

Avg volume · 30D

IGLD 18.7×the volume

GOLY20.5KIGLD383K

5Y return · a year

IGLD +7.5pt

GOLY+3.9%IGLD+11.4%

GOLY vs IGLD Performance

Nov 2, 2021 – Nov 2, 2026

+20.8%GOLY+71.8%IGLD

Expense ratio: GOLY 0.90%; IGLD 0.85%, better
Fund size: GOLY $66M; IGLD $554M
1Y total return: GOLY −25.7%; IGLD −4.2%, better
Yield (12M): GOLY 9.17%; IGLD 26.82%, better
Holdings: GOLY 12; IGLD 4
Avg volume (30D): GOLY 20.5K sh; IGLD 383K sh, better
NAV per share: GOLY $23.71; IGLD $18.89
52W range

ETF.net Grade

Pillar letters and Scores for GOLY, IGLD, with each pillar’s weight
Pillar	GOLY	IGLD
Cost30% weight	C54	B66Higher
Mission25% weight	D38	A70Higher
Risk15% weight	D34	B65Higher
Tradability15% weight	D29	A78Higher
Holdings10% weight	C51	Not scored
Durability5% weight	C54	A95Higher

Rank among Gold & Metals Option Income funds

How we build Categories ›

Same Category. GOLY 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 GOLY 7th of 12 funds in the Gold & Metals Option Income Category.

Rank 1AIAUINEOS Gold High Income ETFScore 73
Rank 2AIGLDFT Vest Gold Strategy Target Income ETFScore 70
Rank 3BSLJYAmplify SILJ Covered Call ETFScore 66
Rank 6CGDXYYieldMax Gold Miners Option Income Strategy ETFScore 44
Rank 7CGOLYStrategy Shares Gold Enhanced Yield ETFScore 42
Rank 8CKSLVKurv Silver Enhanced Income ETFScore 41

Our read on each fund

ETF.net Research

GOLYCStrategy Shares Gold Enhanced Yield ETF

IGLDAFT Vest Gold Strategy Target Income ETF

In short

GOLY Most gold income funds sell calls on the metal. GOLY runs the other way: a corporate bond and Treasury sleeve stacked with roughly dollar-for-dollar notional gold exposure, with premiums harvested by writing puts on commodity futures.

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

GOLY The fund seeks both income and long-term capital appreciation.

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

GOLY The gold leg is not written against. Income comes from the bond sleeve and from selling put options on commodity futures, so the metal exposure itself stays uncapped.sec.gov
Two engines, one ticker: about 100% market-value exposure to corporate bonds and Treasuries plus roughly 100% notional gold exposure via futures and total return swaps.sec.gov sec.gov 2
Pays monthly by design. The board-adopted policy targets a management-set monthly rate and discloses each month how much came from income, gains or return of capital.sec.gov

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

GOLY Costs 0.90%, no waiver, near the median of its 12-fund category, but several gold-income peers run cheaper (YGLD at 0.62%, IAUI at 0.79%).
That stacked exposure is built with leverage through a Cayman subsidiary outside 1940 Act protections, and the filings state the fund could sustain significant losses.sec.gov sec.gov 2
Launched 2021 as a gold-hedged bond index fund; the active enhanced-yield strategy dates to January 5, 2025, and it trades thinly, so spreads can widen.sec.gov

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 GOLY profile⁠

Full IGLD profile⁠

GOLY vs IGLD Holdings

How GOLY and IGLD differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of GOLY and 0.0% of IGLD.

Level by level

Holdings0 in both0.0%

Sector

No Sector split for GOLY and IGLD.

Country, concentration and asset class

Country by domicile

No country split for IGLD.

Concentration

Weight in the 10 largest Holdings

GOLY198.6%
IGLD489.2%

Securities held

GOLY12
IGLD3

Asset class

GOLY: Multi-Asset
IGLD: Multi-Asset

Holdings

Only in GOLY12
In both0
Only in IGLD3

Only in GOLY

12 securities, 100% of GOLY by weight

Recv Goly Trs BNPIG0GC91.27%
Ishares Iboxx $ Investmen22.65%
State Street Spdr Portfol21.01%
Ishares Broad USD Investm20.19%
Ishares 5-10 Year Investm20.09%
Recv Goly Trs BCKTGOL3 Eq5.73%
United States 0% 03/18/275.46%
Vanguard Intermediate-Ter4.22%
Schwab 5-10 Year Corporat4.21%
Ssgh Fund Ltd Cfc3.75%
Us T-Bill Dn 8/5/20272.83%
Us T-Bill Dn 9/2/20272.82%

Only in IGLD

3 securities, 100% of IGLD by weight

2026-11-30 S&P 500® Index - Price Return P 30,890.40487.63%
2026-11-30 SPDR® Gold Trust C 581.82<0.01%
2026-11-30 S&P 500® Index - Price Return C 23,167.80<0.01%

Weight gaps

GOLY and IGLD share no securities.

All GOLY holdings⁠All 7 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.

GOLY vs IGLD Cost

Overpaying GOLY vs IGLD

$841

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

GOLY 0.90%
$17,040
IGLD 0.85%
$16,199

Amount$10,000

Years30 years

Cost over time

GOLY 0.90%
IGLD 0.85%
Overpaying

Year by year

Year	GOLY	IGLD	Overpaying
10	$1,593	$1,508	$85
20	$6,015	$5,706	$309
30	$17,040	$16,199	$841

Expense ratio

0.90%GOLY
0.85%IGLD, cheaper

IGLD0.85%GOLY0.90%

0.54%1.18%

Middle half of Gold & Metals Option Income funds
Median 0.95%

IGLD 4th cheapest of 12 funds

GOLY 6th cheapest of 12 funds

GOLY vs IGLD Dividends

Last 12 months to Nov 2, 2026

Yield (12M): GOLY 9.17%; IGLD 26.82%, better
Payout (12M): GOLY $2.13; IGLD $5.10
Last payment: GOLY $0.10; IGLD $0.11
Ex-dividend: GOLY Oct 13, 2026; IGLD Nov 2, 2026
Paid on: GOLY Oct 14, 2026; IGLD Pays Nov 3, 2026
Frequency: GOLY Monthly; IGLD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GOLYMonthly · 47 paymentsAll GOLY payments⁠

IGLDMonthly · 47 paymentsAll IGLD payments⁠

GOLY vs IGLD Risk

Fall from peak · 5 years

GOLY
IGLD

Risk facts

VolatilityStd dev, 3 years: GOLY 26.3%IGLD 15.8%, better
Return per unit of riskSharpe ratio, 3 years: GOLY 0.44IGLD 0.83, better
Worst fallMax drawdown, 5 years: GOLY −41.2%IGLD −26.0%, better
Market sensitivityBeta, 5 years: GOLY 0.57IGLD 0.20; Market = 1

GOLY and IGLD in the news

All news⁠

ETF Filings
Fidelity files for a gold version of its call-writing fund
Sep 28, 2026IGLD
New ETFs
Beacon's alternatives ETF opened 35% in the dollar, at a fee above every holding
Sep 9, 2026IGLD

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GOLY vs IGLD

In short

Stated mandate

Why people hold it

Worth knowing

How GOLY and IGLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GOLY

Only in IGLD

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Fidelity files for a gold version of its call-writing fund

Beacon's alternatives ETF opened 35% in the dollar, at a fee above every holding

How GOLY and IGLD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GOLY

Only in IGLD

Weight gaps