GDXY vs. GLD
Compare and contrast key facts about YieldMax Gold Miners Option Income Strategy ETF (GDXY) and SPDR Gold Trust (GLD).
GDXY and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDXY or GLD.
Correlation
The correlation between GDXY and GLD is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GDXY vs. GLD - Performance Comparison
Key characteristics
GDXY:
22.76%
GLD:
15.51%
GDXY:
-17.83%
GLD:
-45.56%
GDXY:
-0.25%
GLD:
0.00%
Returns By Period
In the year-to-date period, GDXY achieves a 26.09% return, which is significantly higher than GLD's 17.32% return.
GDXY
26.09%
8.98%
7.74%
N/A
N/A
N/A
GLD
17.32%
5.59%
15.93%
38.08%
13.32%
9.62%
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GDXY vs. GLD - Expense Ratio Comparison
GDXY has a 0.99% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
GDXY vs. GLD — Risk-Adjusted Performance Rank
GDXY
GLD
GDXY vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
GDXY's dividend yield for the trailing twelve months is around 34.34%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 34.34% | 23.91% |
GLD SPDR Gold Trust | 0.00% | 0.00% |
Drawdowns
GDXY vs. GLD - Drawdown Comparison
The maximum GDXY drawdown since its inception was -17.83%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GDXY and GLD. For additional features, visit the drawdowns tool.
Volatility
GDXY vs. GLD - Volatility Comparison
YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a higher volatility of 5.16% compared to SPDR Gold Trust (GLD) at 3.47%. This indicates that GDXY's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.