GDXW vs. GDXY

Last updated Jun 23, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both Gold funds. Both are actively managed. With a 0.98 correlation, they move nearly in lockstep. GDXW charges 0.99%/yr vs 1.08%/yr for GDXY.

Performance

GDXW vs. GDXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold Miners Weeklypay ETF (GDXW) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXW achieves a -10.11% return, which is significantly higher than GDXY's -12.14% return.

GDXW

• 1D: -1.74%
• 1M: -5.91%
• YTD: -10.11%
• 6M: -15.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXY

• 1D: -1.54%
• 1M: -5.72%
• YTD: -12.14%
• 6M: -15.84%
• 1Y: 23.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXW vs. GDXY - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-10.11%	25.26%
GDXY YieldMax Gold Miners Option Income Strategy ETF	-12.14%	14.29%

Correlation

The correlation between GDXW and GDXY is 0.98 - 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 30, 2025	0.98

Return for Risk

GDXW vs. GDXY — Risk / Return Rank

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

GDXW

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

GDXY

GDXY Risk / Return Rank: 18
GDXY Sharpe Ratio Rank: 18
GDXY Sortino Ratio Rank: 18
GDXY Omega Ratio Rank: 20
GDXY Calmar Ratio Rank: 17
GDXY Martin Ratio Rank: 17

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. GDXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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.

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.

	GDXW	GDXY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.62	—
Sortino ratio: Return per unit of downside risk	—	0.97	—
Omega ratio: Gain probability vs. loss probability	—	1.14	—
Calmar ratio: Return relative to maximum drawdown	—	0.70	—
Martin ratio: Return relative to average drawdown	—	1.88	—

Drawdowns

GDXW vs. GDXY - Drawdown Comparison

The maximum GDXW drawdown since its inception was -43.76%, which is greater than GDXY's maximum drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for GDXW and GDXY.

Drawdown Indicators

	GDXW	GDXY	Difference
Max Drawdown Largest peak-to-trough decline	-43.76%	-34.16%	-9.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.16%	—
Current Drawdown Current decline from peak	-36.67%	-29.47%	-7.20%
Average Drawdown Average peak-to-trough decline	-15.12%	-6.92%	-8.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.64%	—

Volatility

Volatility by Period

	GDXW	GDXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.03%	—
Volatility (1Y) Calculated over the trailing 1-year period	62.83%	38.47%	+24.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.83%	32.48%	+30.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.83%	32.48%	+30.35%

GDXW vs. GDXY - Expense Ratio Comparison

GDXW has a 0.99% expense ratio, which is lower than GDXY's 1.08% expense ratio.

Dividends

GDXW vs. GDXY - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 46.13%, less than GDXY's 75.51% yield.

Position	TTM	2025	2024
GDXW Roundhill Gold Miners Weeklypay ETF	46.13%	7.48%	0.00%
GDXY YieldMax Gold Miners Option Income Strategy ETF	75.51%	52.13%	23.91%

Frequently Asked Questions

Can I hold both GDXW and GDXY in my portfolio?

With a correlation of 0.98, GDXW and GDXY 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 GDXY?

On fees, GDXW 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, GDXW or GDXY?

GDXW is cheaper with a 0.99% expense ratio, compared with 1.08% for GDXY.

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

GDXY has the higher dividend yield at 75.51%, compared with 46.13% for GDXW.

What is the main difference between GDXW and GDXY?

They also come from different issuers: Roundhill and YieldMax. Their fees differ too: 0.99% for GDXW and 1.08% for GDXY.