GDXY vs. SQY

Last updated Aug 2, 2026

GDXY (YieldMax Gold Miners Option Income Strategy ETF) and SQY (YieldMax SQ Option Income Strategy ETF) are both exchange-traded funds - GDXY is a Gold fund actively managed by YieldMax, while SQY is a Derivative Income fund actively managed by YieldMax. Both are actively managed. GDXY charges 1.08%/yr vs 1.01%/yr for SQY.

Performance

GDXY vs. SQY - Performance Comparison

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

Returns By Period

GDXY

• 1D: -2.75%
• 1M: -3.94%
• 6M: -22.61%
• YTD: -18.85%
• 1Y: 13.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.49%

SQY

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GDXY YieldMax Gold Miners Option Income Strategy ETF	$4.52M	$4.39M	$7.85M

Return for Risk

GDXY vs. SQY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GDXY

GDXY Risk / Return Rank: 19
GDXY Sharpe Ratio Rank: 19
GDXY Sortino Ratio Rank: 20
GDXY Omega Ratio Rank: 22
GDXY Calmar Ratio Rank: 18
GDXY Martin Ratio Rank: 17

SQY

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GDXY vs. SQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and YieldMax SQ Option Income Strategy ETF (SQY). 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	SQY	Difference
Sharpe ratio: Return per unit of total volatility	0.37	—	—
Sortino ratio: Return per unit of downside risk	0.70	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.39	—	—
Martin ratio: Return relative to average drawdown	0.85	—	—

Drawdowns

Drawdown Indicators

	GDXY	SQY	Difference
Max Drawdown Largest peak-to-trough decline	-36.99%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-36.99%	—	—
Current Drawdown Current decline from peak	-34.85%	—	—
Average Drawdown Average peak-to-trough decline	-8.31%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.02%	—	—

Volatility

Volatility by Period

	GDXY	SQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.85%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.57%	—	—

GDXY vs. SQY - Expense Ratio Comparison

GDXY has a 1.08% expense ratio, which is higher than SQY's 1.01% expense ratio.

Dividends

GDXY vs. SQY - Dividend Comparison

GDXY's dividend yield for the trailing twelve months is around 88.00%, while SQY has not paid dividends to shareholders.

Position	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	88.00%	52.13%	23.91%
SQY YieldMax SQ Option Income Strategy ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, GDXY or SQY?

On fees, SQY is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GDXY or SQY?

SQY is cheaper with a 1.01% expense ratio, compared with 1.08% for GDXY.

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

GDXY has the higher dividend yield at 88.00%, compared with 0.00% for SQY.

What is the main difference between GDXY and SQY?

GDXY is categorized as Gold, while SQY is Derivative Income. Their fees differ too: 1.08% for GDXY and 1.01% for SQY.