GDXY vs. GDX
Compare and contrast key facts about YieldMax Gold Miners Option Income Strategy ETF (GDXY) and VanEck Vectors Gold Miners ETF (GDX).
GDXY and GDX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GDXY is managed by YieldMax. It was launched on May 20, 2024. GDX is a passively managed fund by VanEck that tracks the performance of the NYSE Arca Gold Miners Index. It was launched on May 22, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDXY or GDX.
Correlation
The correlation between GDXY and GDX is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GDXY vs. GDX - Performance Comparison
Key characteristics
GDXY:
25.52%
GDX:
33.46%
GDXY:
-17.83%
GDX:
-80.57%
GDXY:
-5.15%
GDX:
-16.73%
Returns By Period
In the year-to-date period, GDXY achieves a 28.23% return, which is significantly lower than GDX's 43.94% return.
GDXY
28.23%
2.40%
10.48%
N/A
N/A
N/A
GDX
43.94%
9.27%
18.82%
43.85%
9.02%
10.16%
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GDXY vs. GDX - Expense Ratio Comparison
GDXY has a 0.99% expense ratio, which is higher than GDX's 0.53% expense ratio.
Risk-Adjusted Performance
GDXY vs. GDX — Risk-Adjusted Performance Rank
GDXY
GDX
GDXY vs. GDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and VanEck Vectors Gold Miners ETF (GDX). 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.
Not enough dataDividends
GDXY vs. GDX - Dividend Comparison
GDXY's dividend yield for the trailing twelve months is around 40.08%, more than GDX's 0.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 40.08% | 23.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDX VanEck Vectors Gold Miners ETF | 0.83% | 1.19% | 1.61% | 1.66% | 1.67% | 0.53% | 0.65% | 0.50% | 0.76% | 0.26% | 0.85% | 0.66% |
Drawdowns
GDXY vs. GDX - Drawdown Comparison
The maximum GDXY drawdown since its inception was -17.83%, smaller than the maximum GDX drawdown of -80.57%. Use the drawdown chart below to compare losses from any high point for GDXY and GDX. For additional features, visit the drawdowns tool.
Volatility
GDXY vs. GDX - Volatility Comparison
The current volatility for YieldMax Gold Miners Option Income Strategy ETF (GDXY) is 13.23%, while VanEck Vectors Gold Miners ETF (GDX) has a volatility of 15.99%. This indicates that GDXY experiences smaller price fluctuations and is considered to be less risky than GDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.