GDXW vs. GBUG

Last updated Jun 5, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and GBUG (Sprott Active Gold & Silver Miners ETF) are both Gold funds. Both are actively managed. With a 0.97 correlation, they move nearly in lockstep. GDXW charges 0.99%/yr vs 0.89%/yr for GBUG.

Performance

GDXW vs. GBUG - Performance Comparison

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

Returns By Period

In the year-to-date period, GDXW achieves a -3.22% return, which is significantly lower than GBUG's -1.44% return.

GDXW

• 1D: 1.75%
• 1M: 0.20%
• YTD: -3.22%
• 6M: 3.82%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GBUG

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

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

GDXW vs. GBUG - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-3.22%	21.25%
GBUG Sprott Active Gold & Silver Miners ETF	-1.44%	22.36%

Correlation

The correlation between GDXW and GBUG is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.97

Return for Risk

GDXW vs. GBUG — 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.

GDXW vs. GBUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) and Sprott Active Gold & Silver Miners ETF (GBUG). 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

	GDXW	GBUG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.74	-1.23

Drawdowns

GDXW vs. GBUG - Drawdown Comparison

The maximum GDXW drawdown since its inception was -36.83%, which is greater than GBUG's maximum drawdown of -32.10%. Use the drawdown chart below to compare losses from any high point for GDXW and GBUG.

Drawdown Indicators

	GDXW	GBUG	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-32.10%	-4.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-32.10%	—
Current Drawdown Current decline from peak	-31.82%	-25.98%	-5.84%
Average Drawdown Average peak-to-trough decline	-13.58%	-7.68%	-5.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.52%	—

Volatility

Volatility by Period

	GDXW	GBUG	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	61.21%	47.62%	+13.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.21%	47.31%	+13.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.21%	47.31%	+13.90%

GDXW vs. GBUG - Expense Ratio Comparison

GDXW has a 0.99% expense ratio, which is higher than GBUG's 0.89% expense ratio.

Dividends

GDXW vs. GBUG - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 38.71%, more than GBUG's 1.58% yield.

Position	TTM	2025
GBUG Sprott Active Gold & Silver Miners ETF	1.58%	1.56%
GDXW Roundhill Gold Miners Weeklypay ETF	38.71%	7.48%

Frequently Asked Questions

Can I hold both GDXW and GBUG in my portfolio?

With a correlation of 0.97, GDXW and GBUG move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, GDXW or GBUG?

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, GDXW or GBUG?

GBUG is cheaper with a 0.89% expense ratio, compared with 0.99% for GDXW.

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

GDXW has the higher dividend yield at 38.71%, compared with 1.58% for GBUG.

What is the main difference between GDXW and GBUG?

They also come from different issuers: Roundhill and Sprott. Their fees differ too: 0.99% for GDXW and 0.89% for GBUG.