- Issuer
- Nicholas
- Inception Date
- Feb 18, 2026
- Region
- Global (Broad)
- Category
- Gold, Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Commodity
- Assets Under Management
- $3M
Share Price Chart
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Performance
GLDN Performance Chart
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Returns By Period
Nicholas Gold Income ETF
- 1D
- -6.72%
- 1M
- -12.29%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- 24.32%
- 3Y*
- 19.90%
- 5Y*
- 11.79%
- 10Y*
- 13.33%
GLDN Monthly Returns History
Based on dividend-adjusted daily data since Feb 18, 2026, GLDN's average daily return is -0.28%, while the average monthly return is -4.20%.
Historically, 40% of months were positive and 60% were negative. The best month was Feb 2026 with a return of +9.3%, while the worst month was Mar 2026 at -17.5%. The longest winning streak lasted 1 consecutive months, and the longest losing streak was 2 months.
On a daily basis, GLDN closed higher 52% of trading days. The best single day was May 6, 2026 with a return of +6.3%, while the worst single day was Jun 5, 2026 at -6.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.32% | -17.47% | -4.13% | 1.50% | -10.25% | -21.20% |
Benchmark Metrics
Nicholas Gold Income ETF has an annualized alpha of -68.22%, beta of 1.74, and R2 of 0.38 versus S&P 500 Index. Calculated based on daily prices since February 19, 2026.
- This ETF participated in 210.63% of S&P 500 Index downside but only -10.41% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.38 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -68.22%
- Beta
- 1.74
- R²
- 0.38
- Upside Capture
- -10.41%
- Downside Capture
- 210.63%
Expense Ratio
GLDN has a high expense ratio of 1.07%, indicating above-average management fees.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Nicholas Gold Income ETF (GLDN) and compare them to S&P 500 Index.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Dividends
Dividend History
Nicholas Gold Income ETF provided a 4.42% dividend yield over the last twelve months, with an annual payout of $0.69 per share.
| Period | TTM |
|---|---|
| Dividend | $0.69 |
Dividend yield | 4.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Nicholas Gold Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.22 | $0.21 | $0.20 | $0.05 | $0.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Nicholas Gold Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Nicholas Gold Income ETF was 28.04%, occurring on Jun 5, 2026. The portfolio has not yet recovered.
The current Nicholas Gold Income ETF drawdown is 28.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -28.04%Jun 2026 | 3mo 4d | — | 3mo 5dMar 2026 - now |
Drawdown Indicators
| GLDN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.04% | -56.78% | +28.74% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -28.04% | -2.97% | -25.07% |
Average DrawdownAverage peak-to-trough decline | -15.70% | -10.72% | -4.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.97% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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