GDXY vs. GLTR

Last updated Jun 13, 2026

GDXY (YieldMax Gold Miners Option Income Strategy ETF) and GLTR (abrdn Physical Precious Metals Basket Shares ETF) are both exchange-traded funds - GDXY is a Derivative Income fund managed by YieldMax, while GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket Index. Over the past year, GDXY returned 20.95% vs 38.86% for GLTR. Their correlation of 0.81 suggests significant overlap in exposure. GDXY charges 0.99%/yr vs 0.60%/yr for GLTR.

Performance

GDXY vs. GLTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Gold Miners Option Income Strategy ETF (GDXY) and abrdn Physical Precious Metals Basket Shares ETF (GLTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXY achieves a -12.32% return, which is significantly lower than GLTR's -4.66% return.

GDXY

• 1D: 2.43%
• 1M: -14.26%
• YTD: -12.32%
• 6M: -11.68%
• 1Y: 20.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLTR

• 1D: 0.30%
• 1M: -13.34%
• YTD: -4.66%
• 6M: 0.76%
• 1Y: 38.86%
• 3Y*: 29.97%
• 5Y*: 14.04%
• 10Y*: 12.08%

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

GDXY vs. GLTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	-12.32%	88.08%	-11.84%
GLTR abrdn Physical Precious Metals Basket Shares ETF	-4.66%	87.25%	0.74%

Correlation

The correlation between GDXY and GLTR is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 21, 2024	0.81

The correlation between GDXY and GLTR has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

Return for Risk

GDXY vs. GLTR — Risk / Return Rank

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

GDXY

GDXY Risk / Return Rank: 20
GDXY Sharpe Ratio Rank: 20
GDXY Sortino Ratio Rank: 19
GDXY Omega Ratio Rank: 22
GDXY Calmar Ratio Rank: 18
GDXY Martin Ratio Rank: 19

GLTR

GLTR Risk / Return Rank: 30
GLTR Sharpe Ratio Rank: 33
GLTR Sortino Ratio Rank: 29
GLTR Omega Ratio Rank: 38
GLTR Calmar Ratio Rank: 27
GLTR Martin Ratio Rank: 25

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. GLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and abrdn Physical Precious Metals Basket Shares ETF (GLTR). 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	GLTR	Difference
Sharpe ratio: Return per unit of total volatility	0.58	1.04	-0.46
Sortino ratio: Return per unit of downside risk	0.92	1.39	-0.46
Omega ratio: Gain probability vs. loss probability	1.13	1.22	-0.09
Calmar ratio: Return relative to maximum drawdown	0.65	1.17	-0.53
Martin ratio: Return relative to average drawdown	1.83	2.88	-1.05

GDXY vs. GLTR - Sharpe Ratio Comparison

The current GDXY Sharpe Ratio is 0.58, which is lower than the GLTR Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of GDXY and GLTR, 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. GLTR - Drawdown Comparison

The maximum GDXY drawdown since its inception was -34.16%, smaller than the maximum GLTR drawdown of -55.70%. Use the drawdown chart below to compare losses from any high point for GDXY and GLTR.

Drawdown Indicators

	GDXY	GLTR	Difference
Max Drawdown Largest peak-to-trough decline	-34.16%	-55.70%	+21.54%
Max Drawdown (1Y) Largest decline over 1 year	-34.16%	-34.09%	-0.07%
Max Drawdown (3Y) Largest decline over 3 years	—	-34.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-34.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.09%	—
Current Drawdown Current decline from peak	-29.61%	-31.27%	+1.66%
Average Drawdown Average peak-to-trough decline	-6.72%	-28.82%	+22.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.05%	13.86%	-1.81%

Volatility

GDXY vs. GLTR - Volatility Comparison

YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a higher volatility of 14.51% compared to abrdn Physical Precious Metals Basket Shares ETF (GLTR) at 10.43%. This indicates that GDXY's price experiences larger fluctuations and is considered to be riskier than GLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDXY	GLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.51%	10.43%	+4.08%
Volatility (6M) Calculated over the trailing 6-month period	32.60%	36.24%	-3.64%
Volatility (1Y) Calculated over the trailing 1-year period	38.00%	38.40%	-0.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.36%	23.87%	+8.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.36%	20.64%	+11.72%

GDXY vs. GLTR - Expense Ratio Comparison

GDXY has a 0.99% expense ratio, which is higher than GLTR's 0.60% expense ratio.

Dividends

GDXY vs. GLTR - Dividend Comparison

GDXY's dividend yield for the trailing twelve months is around 82.04%, while GLTR has not paid dividends to shareholders.

Position	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	82.04%	52.13%	23.91%
GLTR abrdn Physical Precious Metals Basket Shares ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GDXY and GLTR in my portfolio?

GDXY and GLTR have a correlation of 0.80, 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 GLTR?

GDXY has higher volatility (14.51%) compared to GLTR (10.43%). In terms of maximum drawdown, GDXY dropped -34.16% vs GLTR's -55.70%.

Which ETF is better, GDXY or GLTR?

On 1-year performance, GLTR leads with 38.86% vs 20.95% for GDXY. On fees, GLTR is cheaper at 0.60% per year. On volatility, GLTR has been the lower-risk option at 10.43%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDXY or GLTR?

Over the 1-year period, GLTR has performed better with a 38.86% return vs 20.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDXY or GLTR?

GLTR is cheaper with a 0.60% expense ratio, compared with 0.99% for GDXY.

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

GDXY has the higher dividend yield at 82.04%, compared with 0.00% for GLTR.

What is the main difference between GDXY and GLTR?

GDXY is categorized as Derivative Income, while GLTR is Precious Metals. They also come from different issuers: YieldMax and abrdn. Their fees differ too: 0.99% for GDXY and 0.60% for GLTR.

Which has better risk-adjusted returns?

GLTR currently has the higher Sharpe Ratio (1.04 vs 0.58), 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.