GDXY vs. XAUT-USD
GDXY (YieldMax Gold Miners Option Income Strategy ETF) is Derivative Income fund managed by YieldMax, while XAUT-USD (Tether Gold USD) is a cryptocurrency. Over the past year, GDXY returned 32.22% vs 31.56% for XAUT-USD. A 0.64 correlation means they provide meaningful diversification when combined.
Performance
GDXY vs. XAUT-USD - Performance Comparison
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Returns By Period
In the year-to-date period, GDXY achieves a -5.28% return, which is significantly lower than XAUT-USD's 2.29% return.
GDXY
- 1D
- 1.65%
- 1M
- -0.75%
- YTD
- -5.28%
- 6M
- -1.86%
- 1Y
- 32.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XAUT-USD
- 1D
- 0.08%
- 1M
- -3.27%
- YTD
- 2.29%
- 6M
- 5.46%
- 1Y
- 31.56%
- 3Y*
- 31.28%
- 5Y*
- 18.60%
- 10Y*
- —
GDXY vs. XAUT-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | -5.28% | 88.08% | -11.63% |
XAUT-USD Tether Gold USD | 2.29% | 64.73% | 8.62% |
Correlation
The correlation between GDXY and XAUT-USD is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since May 22, 2024 | 0.64 |
The correlation between GDXY and XAUT-USD has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.
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Return for Risk
GDXY vs. XAUT-USD — Risk / Return Rank
GDXY
XAUT-USD
GDXY vs. XAUT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and Tether Gold USD (XAUT-USD). 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.
| GDXY | XAUT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.55 | -0.40 |
| Martin ratioReturn relative to average drawdown | 2.92 | 3.51 | -0.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GDXY | XAUT-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 1.20 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.97 | -0.18 |
Drawdowns
GDXY vs. XAUT-USD - Drawdown Comparison
The maximum GDXY drawdown since its inception was -28.03%, which is greater than XAUT-USD's maximum drawdown of -20.51%. Use the drawdown chart below to compare losses from any high point for GDXY and XAUT-USD.
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Drawdown Indicators
| GDXY | XAUT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.03% | -20.51% | -7.52% |
Max Drawdown (1Y)Largest decline over 1 year | -28.03% | -20.33% | -7.70% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.33% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.51% | — |
Current DrawdownCurrent decline from peak | -23.96% | -19.81% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -6.43% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.06% | 10.68% | +0.38% |
Volatility
GDXY vs. XAUT-USD - Volatility Comparison
YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a higher volatility of 11.88% compared to Tether Gold USD (XAUT-USD) at 5.29%. This indicates that GDXY's price experiences larger fluctuations and is considered to be riskier than XAUT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXY | XAUT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.88% | 5.29% | +6.59% |
Volatility (6M)Calculated over the trailing 6-month period | 30.93% | 23.16% | +7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.60% | 21.90% | +14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.72% | 14.88% | +16.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.72% | 15.12% | +16.60% |
Frequently Asked Questions
GDXY and XAUT-USD have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXY has higher volatility (11.88%) compared to XAUT-USD (5.29%). In terms of maximum drawdown, GDXY dropped -28.03% vs XAUT-USD's -20.51%.
XAUT-USD currently has the higher Sharpe Ratio (1.20 vs 0.88), 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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