GDXW vs. QQQY

Last updated Jun 4, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Both are actively managed. At a 0.45 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GDXW vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold Miners Weeklypay ETF (GDXW) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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 lower than QQQY's 19.07% return.

GDXW

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

QQQY

• 1D: -0.36%
• 1M: 9.64%
• YTD: 19.07%
• 6M: 19.11%
• 1Y: 36.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXW vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-4.89%	21.25%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	19.07%	0.22%

Correlation

The correlation between GDXW and QQQY is 0.45, 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	0.45

Return for Risk

GDXW vs. QQQY — Risk / Return Rank

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

QQQY

QQQY Risk / Return Rank: 74
QQQY Sharpe Ratio Rank: 81
QQQY Sortino Ratio Rank: 73
QQQY Omega Ratio Rank: 80
QQQY Calmar Ratio Rank: 65
QQQY Martin Ratio Rank: 73

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. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	1.25	-0.80

Drawdowns

GDXW vs. QQQY - Drawdown Comparison

The maximum GDXW drawdown since its inception was -36.83%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for GDXW and QQQY.

Drawdown Indicators

	GDXW	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-36.83%	-19.05%	-17.78%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.14%	—
Current Drawdown Current decline from peak	-32.99%	-0.36%	-32.63%
Average Drawdown Average peak-to-trough decline	-13.45%	-2.91%	-10.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.61%	—

Volatility

Volatility by Period

	GDXW	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.39%	13.67%	+47.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.39%	14.75%	+46.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.39%	14.75%	+46.64%

GDXW vs. QQQY - Expense Ratio Comparison

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

Dividends

GDXW vs. QQQY - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 39.39%, more than QQQY's 34.34% yield.

Position	TTM	2025	2024	2023
GDXW Roundhill Gold Miners Weeklypay ETF	39.39%	7.48%	0.00%	0.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	34.34%	45.34%	83.34%	20.64%

Frequently Asked Questions

Can I hold both GDXW and QQQY in my portfolio?

GDXW and QQQY have a correlation of 0.45, 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 QQQY?

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 QQQY?

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

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

GDXW has the higher dividend yield at 39.39%, compared with 34.34% for QQQY.

What is the main difference between GDXW and QQQY?

GDXW is categorized as Gold, while QQQY is Nasdaq-100. They also come from different issuers: Roundhill and Defiance.