GBUG vs. KGLD

Last updated Jun 5, 2026

GBUG (Sprott Active Gold & Silver Miners ETF) and KGLD (Kurv Gold Enhanced Income ETF ) are both exchange-traded funds - GBUG is a Gold fund actively managed by Sprott, while KGLD is a Derivative Income fund actively managed by Kurv. Both are actively managed. A 0.77 correlation means they provide meaningful diversification when combined. GBUG charges 0.89%/yr vs 1.00%/yr for KGLD.

Performance

GBUG vs. KGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Active Gold & Silver Miners ETF (GBUG) and Kurv Gold Enhanced Income ETF (KGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GBUG achieves a -1.44% return, which is significantly lower than KGLD's 3.87% return.

GBUG

• 1D: 1.17%
• 1M: 0.96%
• YTD: -1.44%
• 6M: 7.57%
• 1Y: 63.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KGLD

• 1D: 0.85%
• 1M: -1.84%
• YTD: 3.87%
• 6M: 6.74%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GBUG vs. KGLD - Yearly Performance Comparison

	2026 (YTD)	2025
GBUG Sprott Active Gold & Silver Miners ETF	-1.44%	79.55%
KGLD Kurv Gold Enhanced Income ETF	3.87%	29.75%

Correlation

The correlation between GBUG and KGLD is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.77

Return for Risk

GBUG vs. KGLD — Risk / Return Rank

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

GBUG

GBUG Risk / Return Rank: 37
GBUG Sharpe Ratio Rank: 38
GBUG Sortino Ratio Rank: 33
GBUG Omega Ratio Rank: 38
GBUG Calmar Ratio Rank: 41
GBUG Martin Ratio Rank: 34

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.

GBUG vs. KGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Active Gold & Silver Miners ETF (GBUG) and Kurv Gold Enhanced Income ETF (KGLD). 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.

	GBUG	KGLD	Difference
Sharpe ratio: Return per unit of total volatility	1.33	—	—
Sortino ratio: Return per unit of downside risk	1.74	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	1.97	—	—
Martin ratio: Return relative to average drawdown	5.05	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GBUG	KGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.33	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	1.36	+0.38

Drawdowns

GBUG vs. KGLD - Drawdown Comparison

The maximum GBUG drawdown since its inception was -32.10%, which is greater than KGLD's maximum drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for GBUG and KGLD.

Drawdown Indicators

	GBUG	KGLD	Difference
Max Drawdown Largest peak-to-trough decline	-32.10%	-20.29%	-11.81%
Max Drawdown (1Y) Largest decline over 1 year	-32.10%	—	—
Current Drawdown Current decline from peak	-25.98%	-18.71%	-7.27%
Average Drawdown Average peak-to-trough decline	-7.68%	-6.15%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.52%	—	—

Volatility

Volatility by Period

	GBUG	KGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	39.41%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	47.62%	28.67%	+18.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.31%	28.67%	+18.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.31%	28.67%	+18.64%

GBUG vs. KGLD - Expense Ratio Comparison

GBUG has a 0.89% expense ratio, which is lower than KGLD's 1.00% expense ratio.

Dividends

GBUG vs. KGLD - Dividend Comparison

GBUG's dividend yield for the trailing twelve months is around 1.58%, less than KGLD's 12.53% yield.

Position	TTM	2025
GBUG Sprott Active Gold & Silver Miners ETF	1.58%	1.56%
KGLD Kurv Gold Enhanced Income ETF	12.53%	4.59%

Frequently Asked Questions

Can I hold both GBUG and KGLD in my portfolio?

GBUG and KGLD have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GBUG or KGLD?

On fees, GBUG is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GBUG or KGLD?

GBUG is cheaper with a 0.89% expense ratio, compared with 1.00% for KGLD.

Which ETF pays a higher dividend yield, GBUG or KGLD?

KGLD has the higher dividend yield at 12.53%, compared with 1.58% for GBUG.

What is the main difference between GBUG and KGLD?

GBUG is categorized as Gold, while KGLD is Derivative Income. They also come from different issuers: Sprott and Kurv. Their fees differ too: 0.89% for GBUG and 1.00% for KGLD.