GLDW vs. GLDY
GLDW (Roundhill Gold WeeklyPay ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.99% expense ratio.
Performance
GLDW vs. GLDY - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a 1.00% return, which is significantly higher than GLDY's -2.30% return.
GLDW
- 1D
- -1.20%
- 1M
- -2.48%
- YTD
- 1.00%
- 6M
- 3.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDY
- 1D
- -0.58%
- 1M
- -1.38%
- YTD
- -2.30%
- 6M
- -0.58%
- 1Y
- 13.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDW vs. GLDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 1.00% | 7.63% |
GLDY Defiance Gold Enhanced Options Income ETF | -2.30% | 5.76% |
Correlation
The correlation between GLDW and GLDY is 0.91, 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 31, 2025 | 0.91 |
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Return for Risk
GLDW vs. GLDY — Risk / Return Rank
GLDW
GLDY
GLDW vs. GLDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and Defiance Gold Enhanced Options Income ETF (GLDY). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GLDW | GLDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.56 | -0.14 |
Drawdowns
GLDW vs. GLDY - Drawdown Comparison
The maximum GLDW drawdown since its inception was -23.59%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for GLDW and GLDY.
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Drawdown Indicators
| GLDW | GLDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.59% | -13.43% | -10.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.43% | — |
Current DrawdownCurrent decline from peak | -22.51% | -13.12% | -9.39% |
Average DrawdownAverage peak-to-trough decline | -8.93% | -3.91% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.61% | — |
Volatility
GLDW vs. GLDY - Volatility Comparison
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Volatility by Period
| GLDW | GLDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.90% | 19.87% | +17.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.90% | 19.58% | +17.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.90% | 19.58% | +17.32% |
GLDW vs. GLDY - Expense Ratio Comparison
Both GLDW and GLDY have an expense ratio of 0.99%.
Dividends
GLDW vs. GLDY - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 19.48%, less than GLDY's 46.42% yield.
| Position | TTM | 2025 |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 19.48% | 3.75% |
GLDY Defiance Gold Enhanced Options Income ETF | 46.42% | 37.38% |
Frequently Asked Questions
With a correlation of 0.91, GLDW and GLDY 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.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLDW and GLDY have the same expense ratio: 0.99% per year.
GLDY has the higher dividend yield at 46.42%, compared with 19.48% for GLDW.
They also come from different issuers: State Street and Defiance.
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