GDXW vs. GLDY
GDXW (Roundhill Gold Miners Weeklypay ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while GLDY is a Derivative Income fund actively managed by Defiance. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.
Performance
GDXW vs. GLDY - Performance Comparison
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Returns By Period
In the year-to-date period, GDXW achieves a -3.22% return, which is significantly lower than GLDY's -1.92% return.
GDXW
- 1D
- 1.75%
- 1M
- 0.20%
- YTD
- -3.22%
- 6M
- 3.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDY
- 1D
- 0.39%
- 1M
- -1.62%
- YTD
- -1.92%
- 6M
- -0.12%
- 1Y
- 13.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXW vs. GLDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GDXW Roundhill Gold Miners Weeklypay ETF | -3.22% | 21.25% |
GLDY Defiance Gold Enhanced Options Income ETF | -1.92% | 5.76% |
Correlation
The correlation between GDXW and GLDY is 0.75, 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 Oct 31, 2025 | 0.75 |
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Return for Risk
GDXW vs. GLDY — Risk / Return Rank
GDXW
GLDY
GDXW vs. GLDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) 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.
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Sharpe Ratios by Period
| GDXW | 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 | 0.51 | 0.57 | -0.06 |
Drawdowns
GDXW vs. GLDY - Drawdown Comparison
The maximum GDXW drawdown since its inception was -36.83%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for GDXW and GLDY.
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Drawdown Indicators
| GDXW | GLDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.83% | -13.43% | -23.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.43% | — |
Current DrawdownCurrent decline from peak | -31.82% | -12.78% | -19.04% |
Average DrawdownAverage peak-to-trough decline | -13.58% | -3.94% | -9.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.67% | — |
Volatility
GDXW vs. GLDY - Volatility Comparison
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Volatility by Period
| GDXW | 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 | 61.21% | 19.87% | +41.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.21% | 19.55% | +41.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.21% | 19.55% | +41.66% |
GDXW vs. GLDY - Expense Ratio Comparison
Both GDXW and GLDY have an expense ratio of 0.99%.
Dividends
GDXW vs. GLDY - Dividend Comparison
GDXW's dividend yield for the trailing twelve months is around 38.71%, less than GLDY's 47.09% yield.
| Position | TTM | 2025 |
|---|---|---|
GDXW Roundhill Gold Miners Weeklypay ETF | 38.71% | 7.48% |
GLDY Defiance Gold Enhanced Options Income ETF | 47.09% | 37.38% |
Frequently Asked Questions
GDXW and GLDY have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GDXW and GLDY have the same expense ratio: 0.99% per year.
GLDY has the higher dividend yield at 47.09%, compared with 38.71% for GDXW.
GDXW is categorized as Gold, while GLDY is Derivative Income. They also come from different issuers: Roundhill and Defiance.
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