GDXW vs. MSTW

Last updated Jun 4, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and MSTW (Roundhill MSTR WeeklyPay ETF) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while MSTW is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a 0.28 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GDXW vs. MSTW - Performance Comparison

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

Returns By Period

In the year-to-date period, GDXW achieves a -4.89% return, which is significantly higher than MSTW's -23.56% return.

GDXW

• 1D: -4.02%
• 1M: -1.27%
• YTD: -4.89%
• 6M: 2.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSTW

• 1D: -8.54%
• 1M: -36.78%
• YTD: -23.56%
• 6M: -41.29%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXW vs. MSTW - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-4.89%	21.25%
MSTW Roundhill MSTR WeeklyPay ETF	-23.56%	-47.18%

Correlation

The correlation between GDXW and MSTW is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.28

Return for Risk

GDXW vs. MSTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) and Roundhill MSTR WeeklyPay ETF (MSTW). 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	MSTW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	-0.94	+1.39

Drawdowns

GDXW vs. MSTW - Drawdown Comparison

The maximum GDXW drawdown since its inception was -36.83%, smaller than the maximum MSTW drawdown of -81.85%. Use the drawdown chart below to compare losses from any high point for GDXW and MSTW.

Drawdown Indicators

	GDXW	MSTW	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-81.85%	+45.02%
Current Drawdown Current decline from peak	-32.99%	-78.15%	+45.16%
Average Drawdown Average peak-to-trough decline	-13.45%	-54.49%	+41.04%

Volatility

Volatility by Period

	GDXW	MSTW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	61.39%	89.01%	-27.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.39%	89.01%	-27.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.39%	89.01%	-27.62%

GDXW vs. MSTW - Expense Ratio Comparison

Both GDXW and MSTW have an expense ratio of 0.99%.

Dividends

GDXW vs. MSTW - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 39.39%, less than MSTW's 239.64% yield.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	39.39%	7.48%
MSTW Roundhill MSTR WeeklyPay ETF	239.64%	106.94%

Frequently Asked Questions

Can I hold both GDXW and MSTW in my portfolio?

GDXW and MSTW have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GDXW or MSTW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDXW or MSTW?

GDXW and MSTW have the same expense ratio: 0.99% per year.

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

MSTW has the higher dividend yield at 239.64%, compared with 39.39% for GDXW.

What is the main difference between GDXW and MSTW?

GDXW is categorized as Gold, while MSTW is Derivative Income.