GDXW vs. XDTE

Last updated Jul 17, 2026

GDXW (Roundhill Gold Miners Weeklypay ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both exchange-traded funds - GDXW is a Gold fund actively managed by Roundhill, while XDTE is a Derivative Income fund actively managed by Roundhill. Both are actively managed. At a 0.50 correlation, their price movements are largely independent. GDXW charges 0.99%/yr vs 0.97%/yr for XDTE.

Performance

GDXW vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold Miners Weeklypay ETF (GDXW) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXW achieves a -23.48% return, which is significantly lower than XDTE's 9.30% return.

GDXW

• 1D: -4.16%
• 1M: -21.57%
• 6M: -33.84%
• YTD: -23.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -0.45%
• 1M: 0.83%
• 6M: 7.46%
• YTD: 9.30%
• 1Y: 20.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXW vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025
GDXW Roundhill Gold Miners Weeklypay ETF	-23.48%	25.26%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	9.30%	0.50%

Correlation

The correlation between GDXW and XDTE is 0.50, 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 30, 2025	0.50

Return for Risk

GDXW vs. XDTE — 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.

XDTE

XDTE Risk / Return Rank: 67
XDTE Sharpe Ratio Rank: 66
XDTE Sortino Ratio Rank: 63
XDTE Omega Ratio Rank: 66
XDTE Calmar Ratio Rank: 65
XDTE Martin Ratio Rank: 76

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. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold Miners Weeklypay ETF (GDXW) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	—	1.74	—
Sortino ratio: Return per unit of downside risk	—	2.35	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.62	—
Martin ratio: Return relative to average drawdown	—	11.29	—

Drawdowns

GDXW vs. XDTE - Drawdown Comparison

The maximum GDXW drawdown since its inception was -46.10%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for GDXW and XDTE.

Drawdown Indicators

	GDXW	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-46.10%	-19.09%	-27.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.68%	—
Current Drawdown Current decline from peak	-46.10%	-0.45%	-45.65%
Average Drawdown Average peak-to-trough decline	-17.74%	-2.27%	-15.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.78%	—

Volatility

Volatility by Period

	GDXW	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.94%	11.62%	+50.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.94%	13.85%	+48.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.94%	13.85%	+48.09%

GDXW vs. XDTE - Expense Ratio Comparison

GDXW has a 0.99% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

GDXW vs. XDTE - Dividend Comparison

GDXW's dividend yield for the trailing twelve months is around 59.46%, more than XDTE's 33.20% yield.

Position	TTM	2025	2024
GDXW Roundhill Gold Miners Weeklypay ETF	59.46%	7.48%	0.00%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.20%	39.16%	20.35%

Frequently Asked Questions

Can I hold both GDXW and XDTE in my portfolio?

GDXW and XDTE have a correlation of 0.50, 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 XDTE?

On fees, XDTE is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDXW or XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for GDXW.

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

GDXW has the higher dividend yield at 59.46%, compared with 33.20% for XDTE.

What is the main difference between GDXW and XDTE?

GDXW is categorized as Gold, while XDTE is Derivative Income. Their fees differ too: 0.99% for GDXW and 0.97% for XDTE.