GDXY vs. GLDY

Last updated Apr 1, 2026

Compare and contrast key facts about YieldMax Gold Miners Option Income Strategy ETF (GDXY) and Defiance Gold Enhanced Options Income ETF (GLDY).

GDXY and GLDY 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. GLDY is an actively managed fund by Defiance. It was launched on Apr 1, 2025.

Performance

GDXY vs. GLDY - Performance Comparison

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

GDXY vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
GDXY YieldMax Gold Miners Option Income Strategy ETF	0.12%	48.42%
GLDY Defiance Gold Enhanced Options Income ETF	1.71%	15.40%

Returns By Period

In the year-to-date period, GDXY achieves a 0.12% return, which is significantly lower than GLDY's 1.71% return.

GDXY

• 1D: 4.88%
• 1M: -19.63%
• YTD: 0.12%
• 6M: 7.38%
• 1Y: 48.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDY

• 1D: 1.38%
• 1M: -7.41%
• YTD: 1.71%
• 6M: 7.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXY vs. GLDY - Expense Ratio Comparison

Both GDXY and GLDY have an expense ratio of 0.99%.

GDXY

YieldMax Gold Miners Option Income Strategy ETF

GLDY

Defiance Gold Enhanced Options Income ETF

Return for Risk

GDXY vs. GLDY — Risk / Return Rank

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

GDXY

GDXY Risk / Return Rank: 71
GDXY Sharpe Ratio Rank: 76
GDXY Sortino Ratio Rank: 68
GDXY Omega Ratio Rank: 72
GDXY Calmar Ratio Rank: 72
GDXY Martin Ratio Rank: 69

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. GLDY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and Defiance Gold Enhanced Options Income ETF (GLDY). 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.

	GDXY	GLDY	Difference
Sharpe ratio Return per unit of total volatility	1.32	—	—
Sortino ratio Return per unit of downside risk	1.63	—	—
Omega ratio Gain probability vs. loss probability	1.25	—	—
Calmar ratio Return relative to maximum drawdown	1.76	—	—
Martin ratio Return relative to average drawdown	6.60	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GDXY	GLDY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.32	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.88	+0.14

Correlation

The correlation between GDXY and GLDY is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GDXY vs. GLDY - Dividend Comparison

GDXY's dividend yield for the trailing twelve months is around 61.55%, more than GLDY's 48.03% yield.

	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	61.55%	52.13%	23.91%
GLDY Defiance Gold Enhanced Options Income ETF	48.03%	37.38%	0.00%

Drawdowns

GDXY vs. GLDY - Drawdown Comparison

The maximum GDXY drawdown since its inception was -28.03%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for GDXY and GLDY.

Drawdown Indicators

	GDXY	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-28.03%	-13.43%	-14.60%
Max Drawdown (1Y) Largest decline over 1 year	-28.03%	—	—
Current Drawdown Current decline from peak	-19.63%	-9.56%	-10.07%
Average Drawdown Average peak-to-trough decline	-5.16%	-2.82%	-2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.48%	—	—

Volatility

Volatility by Period

	GDXY	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.43%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.74%	19.99%	+16.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.11%	19.99%	+11.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.11%	19.99%	+11.12%