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ETFs

FT Cboe Vest Gold Strategy Target Income ETF

IGLD
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Mar 2, 2021
Expense Ratio
0.85%
Type
Global Commodities & Metals
Fund Owner
First Trust
Volume (1m avg. daily)
$241,987
AUM
$76,383,037
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

—
U.S. Treasury Bill 0% due 11/30/2023
134.47%
—
US Dollar
0.97%
—
2023-11-30 SPDR Gold Trust C 244.50
0.01%
—
2023-09-29 SPDR Gold Trust C 180.02
-0.1%
—
2023-11-30 SPDR Gold Trust P 244.50
-35.34%
Invest with IGLD
Trade IGLD Options

What is IGLD?

The investment objective of the FT Cboe Vest Gold Strategy Target Income ETF (the "Fund") is to seek to deliver participation in the price returns of the SPDR Gold Trust (the "Underlying ETF") while providing a consistent level of income. The Fund will invest substantially all of its assets in U.S. Treasury securities and in the shares of a wholly-owned subsidiary that holds exchange-traded options, including FLexible Exchange Options ("FLEX Options"), that reference the performance of the Underlying ETF. The Fund is subject to management risk because it is an actively managed portfolio.

1M
3M
6M
YTD
1Y
3Y
Max
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IGLD
Performance Measures**

for the time period Mar 3, 2021 to Dec 4, 2025

Returns

1M Trailing Return: 5.7%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 13.3%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -18.6%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 12.5%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 1.15

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.78

The annualized return divided by the max drawdown for the selected time period.

ETFs related toIGLD

ETFs correlated to IGLD include SGOL, UGL, GLD

IGLD
First Trust Exchange-Traded Fund - FT Cboe Vest Gold Strategy Target Income ETF
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
GLD
SSgA Active Trust - SPDR Gold Shares ETF
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

IGLD is a Global Commodities & Metals ETF. The investment objective of the FT Cboe Vest Gold Strategy Target Income ETF (the "Fund") is to seek to deliver participation in the price returns of the SPDR Gold Trust (the "Underlying ETF") while providing a consistent level of income. The Fund will invest substantially all of its assets in U.S. Treasury securities and in the shares of a wholly-owned subsidiary that holds exchange-traded options, including FLexible Exchange Options ("FLEX Options"), that reference the performance of the Underlying ETF. The Fund is subject to management risk because it is an actively managed portfolio.

Yes, IGLD is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, IGLD is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on IGLD is 0.0103%. This is the percent change in the value of IGLD over the most recent 1-month period. The 3-month return on IGLD is 0.0028%. This is the percent change in the value of IGLD over the most recent 3-month period.

The standard deviation of IGLD for the past year is 0.1117%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to IGLD include CPER, PPLT, and SIVR.

ETFs correlated to IGLD include SGOL, UGL, and GLD.

ETFs that are inversely correlated to IGLD include GLL, GDXD, and DUST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.