GDXY vs. GOLD

Last updated Jun 23, 2026

GDXY (YieldMax Gold Miners Option Income Strategy ETF) is Gold fund actively managed by YieldMax, while GOLD (Barrick Mining Corporation) is a stock. A 0.56 correlation means they provide meaningful diversification when combined.

Performance

GDXY vs. GOLD - Performance Comparison

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

Returns By Period

In the year-to-date period, GDXY achieves a -12.14% return, which is significantly lower than GOLD's 23.83% return.

GDXY

• 1D: -1.54%
• 1M: -5.72%
• YTD: -12.14%
• 6M: -15.84%
• 1Y: 23.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GOLD

• 1D: -1.04%
• 1M: -3.66%
• YTD: 23.83%
• 6M: 25.01%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXY vs. GOLD - Yearly Performance Comparison

	2026 (YTD)	2025
GDXY YieldMax Gold Miners Option Income Strategy ETF	-12.14%	2.67%
GOLD Barrick Mining Corporation	23.83%	13.01%

Correlation

The correlation between GDXY and GOLD is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 2, 2025	0.56

Return for Risk

GDXY vs. GOLD — Risk / Return Rank

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

GDXY

GDXY Risk / Return Rank: 18
GDXY Sharpe Ratio Rank: 18
GDXY Sortino Ratio Rank: 18
GDXY Omega Ratio Rank: 20
GDXY Calmar Ratio Rank: 17
GDXY Martin Ratio Rank: 17

GOLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GOLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and Barrick Mining Corporation (GOLD). 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	GOLD	Difference
Sharpe ratio: Return per unit of total volatility	0.62	—	—
Sortino ratio: Return per unit of downside risk	0.97	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	0.70	—	—
Martin ratio: Return relative to average drawdown	1.88	—	—

Drawdowns

GDXY vs. GOLD - Drawdown Comparison

The maximum GDXY drawdown since its inception was -34.16%, smaller than the maximum GOLD drawdown of -40.58%. Use the drawdown chart below to compare losses from any high point for GDXY and GOLD.

Drawdown Indicators

	GDXY	GOLD	Difference
Max Drawdown Largest peak-to-trough decline	-34.16%	-40.58%	+6.42%
Max Drawdown (1Y) Largest decline over 1 year	-34.16%	—	—
Current Drawdown Current decline from peak	-29.47%	-34.26%	+4.79%
Average Drawdown Average peak-to-trough decline	-6.92%	-18.57%	+11.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.64%	—	—

Volatility

Volatility by Period

	GDXY	GOLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.03%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.47%	57.69%	-19.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.48%	57.69%	-25.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.48%	57.69%	-25.21%

Dividends

GDXY vs. GOLD - Dividend Comparison

GDXY's dividend yield for the trailing twelve months is around 75.51%, more than GOLD's 0.96% yield.

Position	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	75.51%	52.13%	23.91%
GOLD Barrick Mining Corporation	0.96%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GDXY and GOLD in my portfolio?

GDXY and GOLD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.