ANEL vs. GLDY

Last updated Jun 5, 2026

ANEL (Defiance Daily Target 2X Long ANET ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - ANEL is a Leveraged Equities fund actively managed by Defiance, while GLDY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a 0.10 correlation, their price movements are largely independent. ANEL charges 1.31%/yr vs 0.99%/yr for GLDY.

Performance

ANEL vs. GLDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long ANET ETF (ANEL) and Defiance Gold Enhanced Options Income ETF (GLDY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ANEL achieves a 30.41% return, which is significantly higher than GLDY's -1.92% return.

ANEL

• 1D: -10.20%
• 1M: -10.70%
• YTD: 30.41%
• 6M: 32.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDY

• 1D: 0.39%
• 1M: -1.62%
• YTD: -1.92%
• 6M: -0.12%
• 1Y: 13.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ANEL vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
ANEL Defiance Daily Target 2X Long ANET ETF	30.41%	-23.33%
GLDY Defiance Gold Enhanced Options Income ETF	-1.92%	11.34%

Correlation

The correlation between ANEL and GLDY is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025	0.10

Return for Risk

ANEL vs. GLDY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDY

GLDY Risk / Return Rank: 21
GLDY Sharpe Ratio Rank: 21
GLDY Sortino Ratio Rank: 18
GLDY Omega Ratio Rank: 24
GLDY Calmar Ratio Rank: 23
GLDY Martin Ratio Rank: 20

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ANEL vs. GLDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long ANET ETF (ANEL) and Defiance Gold Enhanced Options Income ETF (GLDY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ANEL	GLDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.57	-0.57

Drawdowns

ANEL vs. GLDY - Drawdown Comparison

The maximum ANEL drawdown since its inception was -56.57%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for ANEL and GLDY.

Drawdown Indicators

	ANEL	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-13.43%	-43.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.43%	—
Current Drawdown Current decline from peak	-19.37%	-12.78%	-6.59%
Average Drawdown Average peak-to-trough decline	-28.90%	-3.94%	-24.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.67%	—

Volatility

Volatility by Period

	ANEL	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	107.46%	19.87%	+87.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	107.46%	19.55%	+87.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	107.46%	19.55%	+87.91%

ANEL vs. GLDY - Expense Ratio Comparison

ANEL has a 1.31% expense ratio, which is higher than GLDY's 0.99% expense ratio.

Dividends

ANEL vs. GLDY - Dividend Comparison

ANEL has not paid dividends to shareholders, while GLDY's dividend yield for the trailing twelve months is around 47.09%.

Position	TTM	2025
ANEL Defiance Daily Target 2X Long ANET ETF	0.00%	0.00%
GLDY Defiance Gold Enhanced Options Income ETF	47.09%	37.38%

Frequently Asked Questions

Can I hold both ANEL and GLDY in my portfolio?

ANEL and GLDY have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ANEL or GLDY?

On fees, GLDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ANEL or GLDY?

GLDY is cheaper with a 0.99% expense ratio, compared with 1.31% for ANEL.

Which ETF pays a higher dividend yield, ANEL or GLDY?

GLDY has the higher dividend yield at 47.09%, compared with 0.00% for ANEL.

What is the main difference between ANEL and GLDY?

ANEL is categorized as Leveraged Equities, while GLDY is Derivative Income. Their fees differ too: 1.31% for ANEL and 0.99% for GLDY.