AUMI vs. GLDY

Last updated Jun 4, 2026

AUMI (Themes Gold Miners ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - AUMI is a Gold fund tracking the Solactive Global Pure Gold Miners Index, while GLDY is a Derivative Income fund actively managed by Defiance. AUMI is passively managed, while GLDY is actively managed. Over the past year, AUMI returned 48.97% vs 13.84% for GLDY. A 0.70 correlation means they provide meaningful diversification when combined. AUMI charges 0.35%/yr vs 0.99%/yr for GLDY.

Performance

AUMI vs. GLDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes Gold Miners ETF (AUMI) 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, AUMI achieves a -5.96% return, which is significantly lower than GLDY's -2.30% return.

AUMI

• 1D: -2.93%
• 1M: -3.79%
• YTD: -5.96%
• 6M: -0.21%
• 1Y: 48.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDY

• 1D: -0.58%
• 1M: -1.38%
• YTD: -2.30%
• 6M: -0.58%
• 1Y: 13.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUMI vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
AUMI Themes Gold Miners ETF	-5.96%	97.37%
GLDY Defiance Gold Enhanced Options Income ETF	-2.30%	15.40%

Correlation

The correlation between AUMI and GLDY is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025	0.70

The correlation between AUMI and GLDY has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.

Return for Risk

AUMI vs. GLDY — Risk / Return Rank

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

AUMI

AUMI Risk / Return Rank: 28
AUMI Sharpe Ratio Rank: 28
AUMI Sortino Ratio Rank: 27
AUMI Omega Ratio Rank: 29
AUMI Calmar Ratio Rank: 31
AUMI Martin Ratio Rank: 28

GLDY

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

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.

AUMI vs. GLDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes Gold Miners ETF (AUMI) 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.

	AUMI	GLDY	Difference
Sharpe ratio Return per unit of total volatility	1.03	0.70	+0.33
Sortino ratio Return per unit of downside risk	1.48	0.92	+0.56
Omega ratio Gain probability vs. loss probability	1.20	1.16	+0.04
Calmar ratio Return relative to maximum drawdown	1.54	1.03	+0.51
Martin ratio Return relative to average drawdown	3.94	2.47	+1.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUMI vs. GLDY - Sharpe Ratio Comparison

The current AUMI Sharpe Ratio is 1.03, which is higher than the GLDY Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of AUMI and GLDY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUMI	GLDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.03	0.70	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	1.55	0.56	+0.99

Drawdowns

AUMI vs. GLDY - Drawdown Comparison

The maximum AUMI drawdown since its inception was -31.88%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for AUMI and GLDY.

Drawdown Indicators

	AUMI	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-31.88%	-13.43%	-18.45%
Max Drawdown (1Y) Largest decline over 1 year	-31.88%	-13.43%	-18.45%
Current Drawdown Current decline from peak	-29.25%	-13.12%	-16.13%
Average Drawdown Average peak-to-trough decline	-7.06%	-3.91%	-3.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.46%	5.61%	+6.85%

Volatility

AUMI vs. GLDY - Volatility Comparison

Themes Gold Miners ETF (AUMI) has a higher volatility of 14.46% compared to Defiance Gold Enhanced Options Income ETF (GLDY) at 4.56%. This indicates that AUMI's price experiences larger fluctuations and is considered to be riskier than GLDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUMI	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.46%	4.56%	+9.90%
Volatility (6M) Calculated over the trailing 6-month period	38.54%	18.27%	+20.27%
Volatility (1Y) Calculated over the trailing 1-year period	47.95%	19.87%	+28.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.57%	19.58%	+21.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.57%	19.58%	+21.99%

AUMI vs. GLDY - Expense Ratio Comparison

AUMI has a 0.35% expense ratio, which is lower than GLDY's 0.99% expense ratio.

Dividends

AUMI vs. GLDY - Dividend Comparison

AUMI's dividend yield for the trailing twelve months is around 0.92%, less than GLDY's 46.42% yield.

Position	TTM	2025	2024
AUMI Themes Gold Miners ETF	0.92%	0.86%	1.84%
GLDY Defiance Gold Enhanced Options Income ETF	46.42%	37.38%	0.00%

Frequently Asked Questions

Can I hold both AUMI and GLDY in my portfolio?

AUMI and GLDY have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUMI or GLDY?

AUMI has higher volatility (14.46%) compared to GLDY (4.56%). In terms of maximum drawdown, AUMI dropped -31.88% vs GLDY's -13.43%.

Which ETF is better, AUMI or GLDY?

On 1-year performance, AUMI leads with 48.97% vs 13.84% for GLDY. On fees, AUMI is cheaper at 0.35% per year. On volatility, GLDY has been the lower-risk option at 4.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AUMI or GLDY?

Over the 1-year period, AUMI has performed better with a 48.97% return vs 13.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AUMI or GLDY?

AUMI is cheaper with a 0.35% expense ratio, compared with 0.99% for GLDY.

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

GLDY has the higher dividend yield at 46.42%, compared with 0.92% for AUMI.

What is the main difference between AUMI and GLDY?

AUMI is categorized as Gold, while GLDY is Derivative Income. They also come from different issuers: Themes and Defiance. Their fees differ too: 0.35% for AUMI and 0.99% for GLDY.

Which has better risk-adjusted returns?

AUMI currently has the higher Sharpe Ratio (1.03 vs 0.70), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.