GLDN vs. KGLD

Last updated Jun 18, 2026

GLDN (Nicholas Gold Income ETF) and KGLD (Kurv Gold Enhanced Income ETF ) are both exchange-traded funds - GLDN is a Gold fund actively managed by Nicholas, while KGLD is a Derivative Income fund actively managed by Kurv. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. GLDN charges 1.07%/yr vs 1.00%/yr for KGLD.

Performance

GLDN vs. KGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nicholas Gold Income ETF (GLDN) and Kurv Gold Enhanced Income ETF (KGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GLDN

• 1D: -2.40%
• 1M: -4.25%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KGLD

• 1D: -2.21%
• 1M: -7.36%
• YTD: -2.04%
• 6M: -2.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDN vs. KGLD - Yearly Performance Comparison

	2026 (YTD)
GLDN Nicholas Gold Income ETF	-17.58%
KGLD Kurv Gold Enhanced Income ETF	-14.56%

Correlation

The correlation between GLDN and KGLD is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 18, 2026	0.89

Return for Risk

GLDN vs. KGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nicholas Gold Income ETF (GLDN) and Kurv Gold Enhanced Income ETF (KGLD). 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.

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

Drawdowns

GLDN vs. KGLD - Drawdown Comparison

The maximum GLDN drawdown since its inception was -33.32%, which is greater than KGLD's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for GLDN and KGLD.

Drawdown Indicators

	GLDN	KGLD	Difference
Max Drawdown Largest peak-to-trough decline	-33.32%	-26.24%	-7.08%
Current Drawdown Current decline from peak	-24.96%	-23.33%	-1.63%
Average Drawdown Average peak-to-trough decline	-16.67%	-6.76%	-9.91%

Volatility

Volatility by Period

	GLDN	KGLD	Difference
Volatility (1Y) Calculated over the trailing 1-year period	43.31%	29.11%	+14.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.31%	29.11%	+14.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.31%	29.11%	+14.20%

GLDN vs. KGLD - Expense Ratio Comparison

GLDN has a 1.07% expense ratio, which is higher than KGLD's 1.00% expense ratio.

Dividends

GLDN vs. KGLD - Dividend Comparison

GLDN's dividend yield for the trailing twelve months is around 4.82%, less than KGLD's 13.29% yield.

Position	TTM	2025
GLDN Nicholas Gold Income ETF	4.82%	0.00%
KGLD Kurv Gold Enhanced Income ETF	13.29%	4.59%

Frequently Asked Questions

Can I hold both GLDN and KGLD in my portfolio?

GLDN and KGLD have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDN or KGLD?

On fees, KGLD is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDN or KGLD?

KGLD is cheaper with a 1.00% expense ratio, compared with 1.07% for GLDN.

Which ETF pays a higher dividend yield, GLDN or KGLD?

KGLD has the higher dividend yield at 13.29%, compared with 4.82% for GLDN.

What is the main difference between GLDN and KGLD?

GLDN is categorized as Gold, while KGLD is Derivative Income. They also come from different issuers: Nicholas and Kurv. Their fees differ too: 1.07% for GLDN and 1.00% for KGLD.