GOLY vs MGOV
Strategy Shares Gold Enhanced Yield ETF vs First Trust Intermediate Government Opportunities ETF
Which is better, GOLY or MGOV?
Each has led over a different period.
MGOV has a lower expense ratio. GOLY led over 3Y and the full window, MGOV over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GOLY | MGOV |
|---|---|---|
| Expense Ratio | 0.90% | 0.50%Best |
| AUM | $71M | $97M |
| Dividend Yield | 8.89% | 5.00% |
| Holdings | 7 | 406 |
| YTD Return | -30.69% | -2.85%Best |
| 1Y Return | -29.72% | -3.14%Best |
| 3Y Return (annualized) | +14.20%Best | +4.89% |
| 5Y Return (annualized) | +3.65% | - |
| Volatility (annualized) | 26.0% | 6.7%Best |
| Max Drawdown | -40.4% | -6.3%Best |
| $10,000 over 3.2 years | $14,224Best | $11,133 |
| Fund Family | STRATEGY SHARES | First Trust Portfolios (US) |
| Category | Fixed Income | Fixed Income |
| Inception | May 17, 2021 | Aug 2, 2023 |
Not shown on this pair: Top 10 Weight, Style.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 3, 2023 to Oct 14, 2026 (3.2 years).
GOLY vs MGOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
GOLY vs MGOV Performance
Strategy Shares Gold Enhanced Yield ETF (GOLY) is an ETF from STRATEGY SHARES and First Trust Intermediate Government Opportunities ETF (MGOV) is an ETF from First Trust Portfolios (US). Over the past year GOLY returned -29.72% while MGOV returned -3.14%. Year to date, GOLY is down 30.69% versus a loss of 2.85% for MGOV.
Over three years, GOLY compounded at +14.20% per year against +4.89% for MGOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOLY has been the more volatile fund, with annualized monthly volatility of 26.0% compared with 6.7% for MGOV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -40.4% for GOLY and -6.3% for MGOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GOLY charges 0.90% per year while MGOV charges 0.50%. On a $10,000 position that is $90 vs $50 annually, a gap of $40 per year that compounds over a long holding period. On income, GOLY currently yields 8.89% against 5.00% for MGOV.
Holdings Overlap
We hold position weights for 7 holdings in GOLY and 10 in MGOV, totalling 100.0% and 10.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 7 positions we hold weights for in GOLY and 10 in MGOV, against full books of 7 and 406.
What only one of them owns
Measured across the 7 and 10 positions we hold weights for.
MGOV holds 8 positions GOLY does not, 10.2% of the fund.
Largest: FNCL 5.5 9/11 5.35%, FN BM7521 2.12%, FNCL 6 10/11 1.33%, FNCL 2.5 9/11 0.85%, G2SF 5 9/11 0.26%
You are not choosing between two funds in isolation.
Whichever of GOLY and MGOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GOLY or MGOV?
GOLY has an expense ratio of 0.90% while MGOV charges 0.50%. MGOV is the cheaper option, by $40 a year on a $10,000 investment.
Which performed better, GOLY or MGOV?
Over the past year GOLY returned -29.72% vs -3.14% for MGOV, so MGOV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GOLY or MGOV?
GOLY has been the more volatile fund at 26.0% annualized versus 6.7% for MGOV. Worst drawdown: GOLY -40.4% vs MGOV -6.3%.
Should I hold both GOLY and MGOV?
GOLY and MGOV have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GOLY or MGOV?
GOLY yields 8.89% while MGOV yields 5.00%, so GOLY currently pays the higher dividend yield.
Is MGOV better than GOLY?
MGOV has a lower expense ratio. GOLY led over 3Y and the full window, MGOV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.