GDXY vs. BTGD

Last updated Jun 24, 2026

GDXY (YieldMax Gold Miners Option Income Strategy ETF) and BTGD (STKD Bitcoin & Gold ETF) are both exchange-traded funds - GDXY is a Gold fund actively managed by YieldMax, while BTGD is a Cryptocurrency fund actively managed by Quantify Funds. Both are actively managed. Over the past year, GDXY returned 17.53% vs -38.26% for BTGD. At a 0.47 correlation, their price movements are largely independent. GDXY charges 1.08%/yr vs 1.00%/yr for BTGD.

Performance

GDXY vs. BTGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Gold Miners Option Income Strategy ETF (GDXY) and STKD Bitcoin & Gold ETF (BTGD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXY achieves a -15.78% return, which is significantly higher than BTGD's -38.68% return.

GDXY

• 1D: -4.14%
• 1M: -9.62%
• YTD: -15.78%
• 6M: -19.56%
• 1Y: 17.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTGD

• 1D: -4.97%
• 1M: -27.36%
• YTD: -38.68%
• 6M: -41.46%
• 1Y: -38.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXY vs. BTGD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	-15.78%	88.08%	-14.19%
BTGD STKD Bitcoin & Gold ETF	-38.68%	34.62%	29.32%

Correlation

The correlation between GDXY and BTGD is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (All Time) Calculated using the full available price history since Oct 16, 2024	0.47

The correlation between GDXY and BTGD has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.

Return for Risk

GDXY vs. BTGD — Risk / Return Rank

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

GDXY

GDXY Risk / Return Rank: 16
GDXY Sharpe Ratio Rank: 16
GDXY Sortino Ratio Rank: 15
GDXY Omega Ratio Rank: 17
GDXY Calmar Ratio Rank: 15
GDXY Martin Ratio Rank: 15

BTGD

BTGD Risk / Return Rank: 3
BTGD Sharpe Ratio Rank: 4
BTGD Sortino Ratio Rank: 4
BTGD Omega Ratio Rank: 4
BTGD Calmar Ratio Rank: 3
BTGD Martin Ratio Rank: 1

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.

GDXY vs. BTGD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and STKD Bitcoin & Gold ETF (BTGD). 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.

	GDXY	BTGD	Difference
Sharpe ratio: Return per unit of total volatility	0.46	-0.67	+1.13
Sortino ratio: Return per unit of downside risk	0.79	-0.76	+1.55
Omega ratio: Gain probability vs. loss probability	1.11	0.91	+0.20
Calmar ratio: Return relative to maximum drawdown	0.52	-0.70	+1.21
Martin ratio: Return relative to average drawdown	1.37	-1.43	+2.80

GDXY vs. BTGD - Sharpe Ratio Comparison

The current GDXY Sharpe Ratio is 0.46, which is higher than the BTGD Sharpe Ratio of -0.67. The chart below compares the historical Sharpe Ratios of GDXY and BTGD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GDXY vs. BTGD - Drawdown Comparison

The maximum GDXY drawdown since its inception was -34.16%, smaller than the maximum BTGD drawdown of -55.08%. Use the drawdown chart below to compare losses from any high point for GDXY and BTGD.

Drawdown Indicators

	GDXY	BTGD	Difference
Max Drawdown Largest peak-to-trough decline	-34.16%	-55.08%	+20.92%
Max Drawdown (1Y) Largest decline over 1 year	-34.16%	-55.08%	+20.92%
Current Drawdown Current decline from peak	-32.39%	-55.08%	+22.69%
Average Drawdown Average peak-to-trough decline	-6.97%	-15.71%	+8.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.81%	26.82%	-14.01%

Volatility

GDXY vs. BTGD - Volatility Comparison

The current volatility for YieldMax Gold Miners Option Income Strategy ETF (GDXY) is 14.40%, while STKD Bitcoin & Gold ETF (BTGD) has a volatility of 18.30%. This indicates that GDXY experiences smaller price fluctuations and is considered to be less risky than BTGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDXY	BTGD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.40%	18.30%	-3.90%
Volatility (6M) Calculated over the trailing 6-month period	33.29%	47.64%	-14.35%
Volatility (1Y) Calculated over the trailing 1-year period	38.62%	57.04%	-18.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.58%	56.14%	-23.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.58%	56.14%	-23.56%

GDXY vs. BTGD - Expense Ratio Comparison

GDXY has a 1.08% expense ratio, which is higher than BTGD's 1.00% expense ratio.

Dividends

GDXY vs. BTGD - Dividend Comparison

GDXY's dividend yield for the trailing twelve months is around 78.76%, more than BTGD's 5.48% yield.

Position	TTM	2025	2024
BTGD STKD Bitcoin & Gold ETF	5.48%	3.36%	0.19%
GDXY YieldMax Gold Miners Option Income Strategy ETF	78.76%	52.13%	23.91%

Frequently Asked Questions

Can I hold both GDXY and BTGD in my portfolio?

GDXY and BTGD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDXY or BTGD?

BTGD has higher volatility (18.30%) compared to GDXY (14.40%). In terms of maximum drawdown, GDXY dropped -34.16% vs BTGD's -55.08%.

Which ETF is better, GDXY or BTGD?

On 1-year performance, GDXY leads with 17.53% vs -38.26% for BTGD. On fees, BTGD is cheaper at 1.00% per year. On volatility, GDXY has been the lower-risk option at 14.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDXY or BTGD?

Over the 1-year period, GDXY has performed better with a 17.53% return vs -38.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDXY or BTGD?

BTGD is cheaper with a 1.00% expense ratio, compared with 1.08% for GDXY.

Which ETF pays a higher dividend yield, GDXY or BTGD?

GDXY has the higher dividend yield at 78.76%, compared with 5.48% for BTGD.

What is the main difference between GDXY and BTGD?

GDXY is categorized as Gold, while BTGD is Cryptocurrency. They also come from different issuers: YieldMax and Quantify Funds. Their fees differ too: 1.08% for GDXY and 1.00% for BTGD.

Which has better risk-adjusted returns?

GDXY currently has the higher Sharpe Ratio (0.46 vs -0.67), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.