GDXW vs. TBIL

Last updated Jun 24, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and TBIL (F/m US Treasury 3 Month Bill ETF) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while TBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bellwether 3M Total Return USD Unhedged Index. GDXW is actively managed, while TBIL is passively managed. At a correlation of -0.07, they often move in opposite directions. GDXW charges 0.99%/yr vs 0.15%/yr for TBIL.

Performance

GDXW vs. TBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold Miners Weeklypay ETF (GDXW) and F/m US Treasury 3 Month Bill ETF (TBIL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXW achieves a -15.08% return, which is significantly lower than TBIL's 1.69% return.

GDXW

• 1D: -5.53%
• 1M: -11.11%
• YTD: -15.08%
• 6M: -20.16%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TBIL

• 1D: 0.02%
• 1M: 0.28%
• YTD: 1.69%
• 6M: 1.76%
• 1Y: 3.91%
• 3Y*: 4.60%
• 5Y*: —
• 10Y*: —

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

GDXW vs. TBIL - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-15.08%	25.26%
TBIL F/m US Treasury 3 Month Bill ETF	1.69%	0.68%

Correlation

The correlation between GDXW and TBIL is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	-0.07

Return for Risk

GDXW vs. TBIL — 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.

TBIL

TBIL Risk / Return Rank: 100
TBIL Sharpe Ratio Rank: 100
TBIL Sortino Ratio Rank: 100
TBIL Omega Ratio Rank: 100
TBIL Calmar Ratio Rank: 100
TBIL Martin Ratio Rank: 100

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. TBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) and F/m US Treasury 3 Month Bill ETF (TBIL). 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	TBIL	Difference
Sharpe ratio: Return per unit of total volatility	—	13.76	—
Sortino ratio: Return per unit of downside risk	—	58.09	—
Omega ratio: Gain probability vs. loss probability	—	17.08	—
Calmar ratio: Return relative to maximum drawdown	—	195.79	—
Martin ratio: Return relative to average drawdown	—	929.44	—

Drawdowns

GDXW vs. TBIL - Drawdown Comparison

The maximum GDXW drawdown since its inception was -43.76%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for GDXW and TBIL.

Drawdown Indicators

	GDXW	TBIL	Difference
Max Drawdown Largest peak-to-trough decline	-43.76%	-0.10%	-43.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.02%	—
Current Drawdown Current decline from peak	-40.18%	0.00%	-40.18%
Average Drawdown Average peak-to-trough decline	-15.28%	-0.00%	-15.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	GDXW	TBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.03%	0.29%	+62.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.03%	0.32%	+62.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.03%	0.32%	+62.71%

GDXW vs. TBIL - Expense Ratio Comparison

GDXW has a 0.99% expense ratio, which is higher than TBIL's 0.15% expense ratio.

Dividends

GDXW vs. TBIL - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 48.83%, more than TBIL's 3.81% yield.

Position	TTM	2025	2024	2023	2022
GDXW Roundhill Gold Miners Weeklypay ETF	48.83%	7.48%	0.00%	0.00%	0.00%
TBIL F/m US Treasury 3 Month Bill ETF	3.81%	4.07%	5.02%	5.00%	1.10%

Frequently Asked Questions

Can I hold both GDXW and TBIL in my portfolio?

GDXW and TBIL have a correlation of -0.07, 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 TBIL?

On fees, TBIL is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDXW or TBIL?

TBIL is cheaper with a 0.15% expense ratio, compared with 0.99% for GDXW.

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

GDXW has the higher dividend yield at 48.83%, compared with 3.81% for TBIL.

What is the main difference between GDXW and TBIL?

GDXW is categorized as Gold, while TBIL is Ultrashort Bond. They also come from different issuers: Roundhill and F/m Investments. Their fees differ too: 0.99% for GDXW and 0.15% for TBIL.