GLDW vs. GLD
GLDW (Roundhill Gold WeeklyPay ETF) and GLD (SPDR Gold Shares) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while GLD is a Gold fund tracking the LBMA Gold Price PM. GLDW is actively managed, while GLD is passively managed. With a 1.00 correlation, they move nearly in lockstep. GLDW charges 0.99%/yr vs 0.40%/yr for GLD.
Performance
GLDW vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -11.45% return, which is significantly lower than GLD's -7.36% return.
GLDW
- 1D
- -3.10%
- 1M
- -6.19%
- 6M
- -17.89%
- YTD
- -11.45%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLD
- 1D
- -2.62%
- 1M
- -5.02%
- 6M
- -13.05%
- YTD
- -7.36%
- 1Y
- 18.76%
- 3Y*
- 26.48%
- 5Y*
- 16.50%
- 10Y*
- 11.21%
GLDW vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -11.45% | 9.36% |
GLD SPDR Gold Shares | -7.36% | 9.18% |
Correlation
The correlation between GLDW and GLD is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 1.00 |
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Return for Risk
GLDW vs. GLD — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLD
GLDW vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.72 | — |
| Martin ratioReturn relative to average drawdown | — | 1.76 | — |
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Drawdowns
GLDW vs. GLD - Drawdown Comparison
The maximum GLDW drawdown since its inception was -32.25%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GLDW and GLD.
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Drawdown Indicators
| GLDW | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.25% | -45.56% | +13.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -26.21% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.21% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.21% | — |
Current DrawdownCurrent decline from peak | -32.06% | -25.97% | -6.09% |
Average DrawdownAverage peak-to-trough decline | -11.82% | -16.19% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.69% | — |
Volatility
GLDW vs. GLD - Volatility Comparison
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Volatility by Period
| GLDW | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.63% | 27.96% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.63% | 18.39% | +18.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.63% | 16.10% | +20.53% |
GLDW vs. GLD - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
GLDW vs. GLD - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 25.93%, while GLD has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GLD SPDR Gold Shares | 0.00% | 0.00% |
GLDW Roundhill Gold WeeklyPay ETF | 25.93% | 3.75% |
Frequently Asked Questions
With a correlation of 1.00, GLDW and GLD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, GLD is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLD is cheaper with a 0.40% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 25.93%, compared with 0.00% for GLD.
GLDW is categorized as Derivative Income, while GLD is Gold. Their fees differ too: 0.99% for GLDW and 0.40% for GLD.
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