GDXY vs. RDEIY
GDXY (YieldMax Gold Miners Option Income Strategy ETF) is Derivative Income fund managed by YieldMax, while RDEIY (Red Electrica Corporacion SA ADR) is a stock. Over the past year, GDXY returned 20.95% vs -10.16% for RDEIY. At a 0.17 correlation, their price movements are largely independent.
Performance
GDXY vs. RDEIY - 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 RDEIY's -4.17% return.
GDXY
- 1D
- 2.43%
- 1M
- -14.26%
- YTD
- -12.32%
- 6M
- -11.68%
- 1Y
- 20.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RDEIY
- 1D
- 0.23%
- 1M
- 3.92%
- YTD
- -4.17%
- 6M
- 1.66%
- 1Y
- -10.16%
- 3Y*
- 5.83%
- 5Y*
- 2.37%
- 10Y*
- 3.08%
GDXY vs. RDEIY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | -12.32% | 88.08% | -11.84% |
RDEIY Red Electrica Corporacion SA ADR | -4.17% | 14.04% | -1.81% |
Correlation
The correlation between GDXY and RDEIY is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since May 21, 2024 | 0.17 |
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Return for Risk
GDXY vs. RDEIY — Risk / Return Rank
GDXY
RDEIY
GDXY vs. RDEIY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and Red Electrica Corporacion SA ADR (RDEIY). 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 | RDEIY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.16 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.92 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | -0.51 | +1.16 |
| Martin ratioReturn relative to average drawdown | 1.83 | -0.82 | +2.66 |
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Drawdowns
GDXY vs. RDEIY - Drawdown Comparison
The maximum GDXY drawdown since its inception was -34.16%, smaller than the maximum RDEIY drawdown of -40.85%. Use the drawdown chart below to compare losses from any high point for GDXY and RDEIY.
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Drawdown Indicators
| GDXY | RDEIY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.16% | -40.85% | +6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -34.16% | -22.31% | -11.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.75% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.37% | — |
Current DrawdownCurrent decline from peak | -29.61% | -18.91% | -10.70% |
Average DrawdownAverage peak-to-trough decline | -6.72% | -10.83% | +4.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.05% | 13.83% | -1.78% |
Volatility
GDXY vs. RDEIY - Volatility Comparison
YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a higher volatility of 14.51% compared to Red Electrica Corporacion SA ADR (RDEIY) at 4.59%. This indicates that GDXY's price experiences larger fluctuations and is considered to be riskier than RDEIY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXY | RDEIY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.51% | 4.59% | +9.92% |
Volatility (6M)Calculated over the trailing 6-month period | 32.60% | 15.13% | +17.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.00% | 19.81% | +18.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 21.38% | +10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 22.93% | +9.43% |
Dividends
GDXY vs. RDEIY - Dividend Comparison
GDXY's dividend yield for the trailing twelve months is around 82.04%, more than RDEIY's 5.35% 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% |
RDEIY Red Electrica Corporacion SA ADR | 5.35% | 4.93% | 6.30% | 6.54% | 6.21% | 4.42% | 4.50% | 3.92% | 3.48% | 6.36% | 4.63% | 2.84% |
Frequently Asked Questions
GDXY and RDEIY have a correlation of 0.11, 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 RDEIY (4.59%). In terms of maximum drawdown, GDXY dropped -34.16% vs RDEIY's -40.85%.
GDXY currently has the higher Sharpe Ratio (0.58 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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