GDXY vs. XDTE

Last updated Jun 4, 2026

GDXY (YieldMax Gold Miners Option Income Strategy ETF) and XDTE (Roundhill S&P 500 0DTE Covered Call Strategy ETF) are both Derivative Income funds. Over the past year, GDXY returned 30.32% vs 25.68% for XDTE. At a 0.26 correlation, their price movements are largely independent. GDXY charges 0.99%/yr vs 0.97%/yr for XDTE.

Performance

GDXY vs. XDTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Gold Miners Option Income Strategy ETF (GDXY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GDXY achieves a -6.82% return, which is significantly lower than XDTE's 8.83% return.

GDXY

• 1D: -2.47%
• 1M: -2.37%
• YTD: -6.82%
• 6M: -3.09%
• 1Y: 30.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

XDTE

• 1D: -0.66%
• 1M: 4.14%
• YTD: 8.83%
• 6M: 8.93%
• 1Y: 25.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GDXY vs. XDTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	-6.82%	88.08%	-11.63%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	8.83%	12.60%	12.52%

Correlation

The correlation between GDXY and XDTE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since May 22, 2024	0.26

Return for Risk

GDXY vs. XDTE — Risk / Return Rank

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

GDXY

GDXY Risk / Return Rank: 23
GDXY Sharpe Ratio Rank: 23
GDXY Sortino Ratio Rank: 22
GDXY Omega Ratio Rank: 25
GDXY Calmar Ratio Rank: 23
GDXY Martin Ratio Rank: 22

XDTE

XDTE Risk / Return Rank: 70
XDTE Sharpe Ratio Rank: 70
XDTE Sortino Ratio Rank: 67
XDTE Omega Ratio Rank: 70
XDTE Calmar Ratio Rank: 66
XDTE Martin Ratio Rank: 78

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. XDTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Gold Miners Option Income Strategy ETF (GDXY) and Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE). 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	XDTE	Difference
Sharpe ratio: Return per unit of total volatility	0.83	2.35	-1.51
Sortino ratio: Return per unit of downside risk	1.18	3.15	-1.97
Omega ratio: Gain probability vs. loss probability	1.17	1.43	-0.26
Calmar ratio: Return relative to maximum drawdown	1.09	3.36	-2.27
Martin ratio: Return relative to average drawdown	2.77	15.35	-12.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDXY vs. XDTE - Sharpe Ratio Comparison

The current GDXY Sharpe Ratio is 0.83, which is lower than the XDTE Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of GDXY and XDTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GDXY	XDTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	2.35	-1.51
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	1.25	-0.49

Drawdowns

GDXY vs. XDTE - Drawdown Comparison

The maximum GDXY drawdown since its inception was -28.03%, which is greater than XDTE's maximum drawdown of -19.09%. Use the drawdown chart below to compare losses from any high point for GDXY and XDTE.

Drawdown Indicators

	GDXY	XDTE	Difference
Max Drawdown Largest peak-to-trough decline	-28.03%	-19.09%	-8.94%
Max Drawdown (1Y) Largest decline over 1 year	-28.03%	-7.68%	-20.35%
Current Drawdown Current decline from peak	-25.20%	-0.66%	-24.54%
Average Drawdown Average peak-to-trough decline	-6.40%	-2.32%	-4.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.96%	1.68%	+9.28%

Volatility

GDXY vs. XDTE - Volatility Comparison

YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a higher volatility of 11.75% compared to Roundhill S&P 500 0DTE Covered Call Strategy ETF (XDTE) at 2.53%. This indicates that GDXY's price experiences larger fluctuations and is considered to be riskier than XDTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDXY	XDTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.75%	2.53%	+9.22%
Volatility (6M) Calculated over the trailing 6-month period	30.92%	8.28%	+22.64%
Volatility (1Y) Calculated over the trailing 1-year period	36.57%	10.99%	+25.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.73%	13.85%	+17.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.73%	13.85%	+17.88%

GDXY vs. XDTE - Expense Ratio Comparison

GDXY has a 0.99% expense ratio, which is higher than XDTE's 0.97% expense ratio.

Dividends

GDXY vs. XDTE - Dividend Comparison

GDXY's dividend yield for the trailing twelve months is around 74.25%, more than XDTE's 33.00% yield.

Position	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	74.25%	52.13%	23.91%
XDTE Roundhill S&P 500 0DTE Covered Call Strategy ETF	33.00%	39.16%	20.35%

Frequently Asked Questions

Can I hold both GDXY and XDTE in my portfolio?

GDXY and XDTE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GDXY or XDTE?

GDXY has higher volatility (11.75%) compared to XDTE (2.53%). In terms of maximum drawdown, GDXY dropped -28.03% vs XDTE's -19.09%.

Which ETF is better, GDXY or XDTE?

On 1-year performance, GDXY leads with 30.32% vs 25.68% for XDTE. On fees, XDTE is cheaper at 0.97% per year. On volatility, XDTE has been the lower-risk option at 2.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GDXY or XDTE?

Over the 1-year period, GDXY has performed better with a 30.32% return vs 25.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GDXY or XDTE?

XDTE is cheaper with a 0.97% expense ratio, compared with 0.99% for GDXY.

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

GDXY has the higher dividend yield at 74.25%, compared with 33.00% for XDTE.

What is the main difference between GDXY and XDTE?

They also come from different issuers: YieldMax and Roundhill. Their fees differ too: 0.99% for GDXY and 0.97% for XDTE.

Which has better risk-adjusted returns?

XDTE currently has the higher Sharpe Ratio (2.35 vs 0.83), 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.