GDXY vs. LQD
GDXY (YieldMax Gold Miners Option Income Strategy ETF) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - GDXY is a Derivative Income fund managed by YieldMax, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Over the past year, GDXY returned 20.95% vs 5.80% for LQD. At a 0.22 correlation, their price movements are largely independent. GDXY charges 0.99%/yr vs 0.15%/yr for LQD.
Performance
GDXY vs. LQD - Performance Comparison
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Returns By Period
In the year-to-date period, GDXY achieves a -12.32% return, which is significantly lower than LQD's 0.82% return.
GDXY
- 1D
- 2.43%
- 1M
- -14.26%
- YTD
- -12.32%
- 6M
- -11.68%
- 1Y
- 20.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
LQD
- 1D
- -0.06%
- 1M
- 0.80%
- YTD
- 0.82%
- 6M
- 1.24%
- 1Y
- 5.80%
- 3Y*
- 5.30%
- 5Y*
- -0.21%
- 10Y*
- 2.54%
GDXY vs. LQD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | -12.32% | 88.08% | -11.84% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.82% | 7.90% | 2.63% |
Correlation
The correlation between GDXY and LQD is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 21, 2024 | 0.22 |
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Return for Risk
GDXY vs. LQD — Risk / Return Rank
GDXY
LQD
GDXY vs. LQD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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 | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.55 | -0.91 |
| Martin ratioReturn relative to average drawdown | 1.83 | 4.37 | -2.54 |
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Drawdowns
GDXY vs. LQD - Drawdown Comparison
The maximum GDXY drawdown since its inception was -34.16%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for GDXY and LQD.
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Drawdown Indicators
| GDXY | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -24.95% | -9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -34.16% | -3.34% | -30.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -8.43% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.95% | — |
Current DrawdownCurrent decline from peak | -29.61% | -3.37% | -26.24% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -3.99% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.05% | 1.19% | +10.86% |
Volatility
GDXY vs. LQD - Volatility Comparison
YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a higher volatility of 14.51% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.78%. This indicates that GDXY's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXY | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.51% | 1.78% | +12.73% |
Volatility (6M)Calculated over the trailing 6-month period | 32.60% | 4.02% | +28.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.00% | 5.37% | +32.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 8.65% | +23.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 8.69% | +23.67% |
GDXY vs. LQD - Expense Ratio Comparison
GDXY has a 0.99% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
GDXY vs. LQD - Dividend Comparison
GDXY's dividend yield for the trailing twelve months is around 82.04%, more than LQD's 4.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 82.04% | 52.13% | 23.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.55% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
GDXY and LQD have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXY has higher volatility (14.51%) compared to LQD (1.78%). In terms of maximum drawdown, GDXY dropped -34.16% vs LQD's -24.95%.
On 1-year performance, GDXY leads with 20.95% vs 5.80% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GDXY has performed better with a 20.95% return vs 5.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.99% for GDXY.
GDXY has the higher dividend yield at 82.04%, compared with 4.55% for LQD.
GDXY is categorized as Derivative Income, while LQD is Corporate Bonds. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for GDXY and 0.15% for LQD.
LQD currently has the higher Sharpe Ratio (0.97 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.
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