YieldMax Gold Miners Option Income Strategy ETF (GDXY) Sharpe Ratio: 0.46

GDXY's Sharpe Ratio of 0.46 indicates that for each unit of volatility, it generates 0.46 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 24, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GDXY Sharpe Ratio Rank

Concerning

GDXY ranks above 15.6% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Weak risk-adjusted returns relative to category peers
Evaluate whether this holding aligns with your risk-return objectives
Consider reducing exposure or re-evaluating position size
Review higher-ranked alternatives in the same category

GDXY Sharpe Ratio Market Positioning

The chart shows GDXY's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.83 or lower
Yellow zone (middle 50%): 0.83 to 2.15
Green zone (top 25%): 2.15 or higher
Top 1%: 7.03+
Median: 1.57 — half of all investments score higher

How it compares to other similar ETFs

The table compares YieldMax Gold Miners Option Income Strategy ETF's Sharpe Ratio with other ETFs in the Gold, Derivative Income, Options Trading, Actively Managed, Precious Metals category across multiple time periods, showing how GDXY's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 24, 2026.

Symbol	Name	1Y Sharpe Ratio
LAPR	Innovator Premium Income 15 Buffer ETF - April	5.38
APRW	AllianzIM U.S. Large Cap Buffer20 Apr ETF	4.35
APRJ	Innovator Premium Income 30 Barrier ETF - April	4.29
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	4.16
XMAR	FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - March	3.98
XIMR	FT Vest U.S. Equity Buffer & Premium Income ETF - March	3.87
PBAP	PGIM US Large-Cap Buffer 20 ETF - April	3.86
APRP	PGIM US Large-Cap Buffer 12 ETF - April	3.73
DMAR	FT Cboe Vest U.S. Equity Deep Buffer ETF - March	3.71
AMDY	YieldMax AMD Option Income Strategy ETF	3.65
GDXY	YieldMax Gold Miners Option Income Strategy ETF	0.46

Benchmark Against

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S&P 500 Index

Lookback Period

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Historical Sharpe Ratio

The chart shows GDXY's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GDXY consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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How does GDXY fit in your portfolio?

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