GLDW vs. GDXY

Last updated Jun 24, 2026

GLDW (Roundhill Gold WeeklyPay ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while GDXY is a Gold fund actively managed by YieldMax. Both are actively managed. Their correlation of 0.81 suggests significant overlap in exposure. GLDW charges 0.99%/yr vs 1.08%/yr for GDXY.

Performance

GLDW vs. GDXY - Performance Comparison

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

Returns By Period

In the year-to-date period, GLDW achieves a -8.13% return, which is significantly higher than GDXY's -15.78% return.

GLDW

• 1D: -1.99%
• 1M: -10.73%
• YTD: -8.13%
• 6M: -12.71%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXY

• 1D: -4.14%
• 1M: -9.62%
• YTD: -15.78%
• 6M: -19.56%
• 1Y: 17.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDW vs. GDXY - Yearly Performance Comparison

	2026 (YTD)	2025
GLDW Roundhill Gold WeeklyPay ETF	-8.13%	9.36%
GDXY YieldMax Gold Miners Option Income Strategy ETF	-15.78%	14.29%

Correlation

The correlation between GLDW and GDXY is 0.81, 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 Oct 30, 2025	0.81

Return for Risk

GLDW vs. GDXY — Risk / Return Rank

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

GLDW

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

GDXY

GDXY Risk / Return Rank: 16
GDXY Sharpe Ratio Rank: 16
GDXY Sortino Ratio Rank: 15
GDXY Omega Ratio Rank: 17
GDXY Calmar Ratio Rank: 15
GDXY Martin Ratio Rank: 15

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.

GLDW vs. GDXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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.

	GLDW	GDXY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.46	—
Sortino ratio: Return per unit of downside risk	—	0.79	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.52	—
Martin ratio: Return relative to average drawdown	—	1.37	—

Drawdowns

GLDW vs. GDXY - Drawdown Comparison

The maximum GLDW drawdown since its inception was -30.07%, smaller than the maximum GDXY drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for GLDW and GDXY.

Drawdown Indicators

	GLDW	GDXY	Difference
Max Drawdown Largest peak-to-trough decline	-30.07%	-34.16%	+4.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.16%	—
Current Drawdown Current decline from peak	-29.51%	-32.39%	+2.88%
Average Drawdown Average peak-to-trough decline	-10.30%	-6.97%	-3.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.81%	—

Volatility

Volatility by Period

	GLDW	GDXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	33.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.17%	38.62%	-1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.17%	32.58%	+4.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.17%	32.58%	+4.59%

GLDW vs. GDXY - Expense Ratio Comparison

GLDW has a 0.99% expense ratio, which is lower than GDXY's 1.08% expense ratio.

Dividends

GLDW vs. GDXY - Dividend Comparison

GLDW's dividend yield for the trailing twelve months is around 23.10%, less than GDXY's 78.76% yield.

Position	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	78.76%	52.13%	23.91%
GLDW Roundhill Gold WeeklyPay ETF	23.10%	3.75%	0.00%

Frequently Asked Questions

Can I hold both GLDW and GDXY in my portfolio?

GLDW and GDXY have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDW or GDXY?

On fees, GLDW is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDW or GDXY?

GLDW is cheaper with a 0.99% expense ratio, compared with 1.08% for GDXY.

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

GDXY has the higher dividend yield at 78.76%, compared with 23.10% for GLDW.

What is the main difference between GLDW and GDXY?

GLDW is categorized as Derivative Income, while GDXY is Gold. They also come from different issuers: State Street and YieldMax. Their fees differ too: 0.99% for GLDW and 1.08% for GDXY.