GDXY vs. GLD
GDXY (YieldMax Gold Miners Option Income Strategy ETF) and GLD (SPDR Gold Shares) are both Gold funds. GDXY is actively managed, while GLD is passively managed. Over the past year, GDXY returned 23.68% vs 24.01% for GLD. A 0.79 correlation means they provide meaningful diversification when combined. GDXY charges 1.08%/yr vs 0.40%/yr for GLD.
Performance
GDXY vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, GDXY achieves a -12.14% return, which is significantly lower than GLD's -2.96% return.
GDXY
- 1D
- -1.54%
- 1M
- -5.72%
- YTD
- -12.14%
- 6M
- -15.84%
- 1Y
- 23.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLD
- 1D
- -0.65%
- 1M
- -7.06%
- YTD
- -2.96%
- 6M
- -5.79%
- 1Y
- 24.01%
- 3Y*
- 29.23%
- 5Y*
- 18.28%
- 10Y*
- 11.80%
GDXY vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | -12.14% | 88.08% | -11.84% |
GLD SPDR Gold Shares | -2.96% | 63.68% | 7.82% |
Correlation
The correlation between GDXY and GLD is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since May 21, 2024 | 0.79 |
The correlation between GDXY and GLD has been stable across timeframes, ranging from 0.79 to 0.79 - a consistent structural relationship.
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Return for Risk
GDXY vs. GLD — Risk / Return Rank
GDXY
GLD
GDXY vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and SPDR Gold Shares (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.
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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.70 | 0.99 | -0.29 |
| Martin ratioReturn relative to average drawdown | 1.88 | 2.68 | -0.81 |
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Drawdowns
GDXY vs. GLD - Drawdown Comparison
The maximum GDXY drawdown since its inception was -34.16%, 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.
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Drawdown Indicators
| GDXY | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -45.56% | +11.40% |
Max Drawdown (1Y)Largest decline over 1 year | -34.16% | -24.46% | -9.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.46% | — |
Current DrawdownCurrent decline from peak | -29.47% | -22.45% | -7.02% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -16.16% | +9.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.64% | 8.97% | +3.67% |
Volatility
GDXY vs. GLD - Volatility Comparison
YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a higher volatility of 13.89% compared to SPDR Gold Shares (GLD) at 8.05%. 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.
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Volatility by Period
| GDXY | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.89% | 8.05% | +5.84% |
Volatility (6M)Calculated over the trailing 6-month period | 33.03% | 24.31% | +8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.47% | 27.56% | +10.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.48% | 18.22% | +14.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.48% | 16.10% | +16.38% |
GDXY vs. GLD - Expense Ratio Comparison
GDXY has a 1.08% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
GDXY vs. GLD - Dividend Comparison
GDXY's dividend yield for the trailing twelve months is around 75.51%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 75.51% | 52.13% | 23.91% |
GLD SPDR Gold Shares | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDXY and GLD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXY has higher volatility (13.89%) compared to GLD (8.05%). In terms of maximum drawdown, GDXY dropped -34.16% vs GLD's -45.56%.
On 1-year performance, GLD leads with 24.01% vs 23.68% for GDXY. On fees, GLD is cheaper at 0.40% per year. On volatility, GLD has been the lower-risk option at 8.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GLD has performed better with a 24.01% return vs 23.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLD is cheaper with a 0.40% expense ratio, compared with 1.08% for GDXY.
GDXY has the higher dividend yield at 75.51%, compared with 0.00% for GLD.
They also come from different issuers: YieldMax and State Street. Their fees differ too: 1.08% for GDXY and 0.40% for GLD.
GLD currently has the higher Sharpe Ratio (0.88 vs 0.62), 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.
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