- CUSIP
- 88636J394
- Issuer
- Defiance
- Inception Date
- Apr 1, 2025
- Category
- Derivative Income, Gold, Precious Metals
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Commodity
Share Price Chart
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Performance
GOLI Performance Chart
Defiance Gold Enhanced Options Income ETF (GOLI) is down 11.1% since the beginning of the year. GOLI is currently trading at $13 per share.
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Returns By Period
Defiance Gold Enhanced Options Income ETF (GOLI) has returned -11.06% so far this year and 2.62% over the past 12 months.
Defiance Gold Enhanced Options Income ETF
- 1D
- 1.46%
- 1M
- -9.25%
- 6M
- -11.06%
- YTD
- -11.06%
- 1Y
- 2.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.22%
- 1M
- -1.54%
- 6M
- 9.32%
- YTD
- 9.32%
- 1Y
- 20.74%
- 3Y*
- 18.91%
- 5Y*
- 11.45%
- 10Y*
- 13.53%
GOLI Monthly Returns History
Based on dividend-adjusted daily data since Apr 2, 2025, GOLI's average daily return is +0.02%, while the average monthly return is +0.26%. At this rate, an investment would double in approximately 22.2 years.
Historically, 63% of months were positive and 38% were negative. The best month was Sep 2025 with a return of +7.2%, while the worst month was Jun 2026 at -11.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, GOLI closed higher 62% of trading days. The best single day was Jun 12, 2026 with a return of +10.9%, while the worst single day was Jan 30, 2026 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.60% | 7.06% | -7.41% | -0.99% | -1.27% | -11.82% | 1.46% | -11.06% | |||||
| 2025 | -0.12% | -1.83% | 0.96% | 0.11% | 2.73% | 7.17% | 0.07% | 2.91% | 2.49% | 15.16% |
Benchmark Metrics
Defiance Gold Enhanced Options Income ETF has an annualized alpha of 0.49%, beta of 0.17, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since April 02, 2025.
- This ETF participated in 111.59% of S&P 500 Index downside but only 27.90% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.17 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 0.49%
- Beta
- 0.17
- R²
- 0.02
- Upside Capture
- 27.90%
- Downside Capture
- 111.59%
Expense Ratio
GOLI has a high expense ratio of 0.99%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GOLI ranks 10 for risk / return — in the bottom 10% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GOLI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GOLI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.30 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 2.29 | -2.19 |
| Martin ratioReturn relative to average drawdown | 0.34 | 9.98 | -9.63 |
Dividends
Dividend History
Defiance Gold Enhanced Options Income ETF provided a 52.65% dividend yield over the last twelve months, with an annual payout of $6.61 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $6.61 | $6.15 |
Dividend yield | 52.65% | 37.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Defiance Gold Enhanced Options 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 | $0.53 | $0.38 | $0.38 | $0.44 | $0.34 | $0.31 | $0.00 | $2.39 | |||||
| 2025 | $0.61 | $1.32 | $0.80 | $0.50 | $0.50 | $0.94 | $0.71 | $0.77 | $6.15 |
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 Defiance Gold Enhanced Options 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 Defiance Gold Enhanced Options Income ETF was 25.88%, occurring on Jun 11, 2026. The portfolio has not yet recovered.
The current Defiance Gold Enhanced Options Income ETF drawdown is 20.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -25.88%Jun 2026 | 4mo 12d | — | 5mo 3dJan 2026 - now |
2025 pullback2025 | -7.49%Oct 2025 | 8d | 1mo 19d | 1mo 27dOct 2025 - Dec 2025 |
2025 selloff2025 | -7.25%May 2025 | 22d | 3mo 21d | 4mo 13dApr 2025 - Sep 2025 |
2025 pullback2025 | -3.95%Dec 2025 | 2d | 12d | 14dDec 2025 - Jan 2026 |
2025 selloff2025 | -3.77%Apr 2025 | 3d | 9d | 12dApr 2025 - Apr 2025 |
Drawdown Indicators
| GOLI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.88% | -56.78% | +30.90% |
Max Drawdown (1Y)Largest decline over 1 year | -25.88% | -9.10% | -16.78% |
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 | -20.91% | -1.66% | -19.25% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -10.71% | +5.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.62% | 2.08% | +5.54% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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