GLDW vs. GLDY

Last updated Jun 24, 2026

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 0.87 suggests significant overlap in exposure. Both charge a 0.99% expense ratio.

Performance

GLDW vs. GLDY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold WeeklyPay ETF (GLDW) and Defiance Gold Enhanced Options Income ETF (GLDY). 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 GLDY's -8.97% return.

GLDW

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

GLDY

• 1D: -1.42%
• 1M: -7.47%
• YTD: -8.97%
• 6M: -11.98%
• 1Y: 3.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDW vs. GLDY - Yearly Performance Comparison

	2026 (YTD)	2025
GLDW Roundhill Gold WeeklyPay ETF	-8.13%	9.36%
GLDY Defiance Gold Enhanced Options Income ETF	-8.97%	7.28%

Correlation

The correlation between GLDW and GLDY is 0.87, 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	0.87

Return for Risk

GLDW vs. GLDY — 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.

GLDY

GLDY Risk / Return Rank: 11
GLDY Sharpe Ratio Rank: 10
GLDY Sortino Ratio Rank: 10
GLDY Omega Ratio Rank: 11
GLDY Calmar Ratio Rank: 10
GLDY Martin Ratio Rank: 11

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. 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.

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	GLDY	Difference
Sharpe ratio: Return per unit of total volatility	—	0.15	—
Sortino ratio: Return per unit of downside risk	—	0.36	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.14	—
Martin ratio: Return relative to average drawdown	—	0.54	—

Drawdowns

GLDW vs. GLDY - Drawdown Comparison

The maximum GLDW drawdown since its inception was -30.07%, which is greater than GLDY's maximum drawdown of -25.90%. Use the drawdown chart below to compare losses from any high point for GLDW and GLDY.

Drawdown Indicators

	GLDW	GLDY	Difference
Max Drawdown Largest peak-to-trough decline	-30.07%	-25.90%	-4.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.90%	—
Current Drawdown Current decline from peak	-29.51%	-19.05%	-10.46%
Average Drawdown Average peak-to-trough decline	-10.30%	-4.47%	-5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.91%	—

Volatility

Volatility by Period

	GLDW	GLDY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.17%	24.59%	+12.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.17%	23.27%	+13.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.17%	23.27%	+13.90%

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 23.10%, less than GLDY's 51.60% yield.

Position	TTM	2025
GLDW Roundhill Gold WeeklyPay ETF	23.10%	3.75%
GLDY Defiance Gold Enhanced Options Income ETF	51.60%	37.38%

Frequently Asked Questions

Can I hold both GLDW and GLDY in my portfolio?

GLDW and GLDY have a correlation of 0.87, 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 GLDY?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDW or GLDY?

GLDW and GLDY have the same expense ratio: 0.99% per year.

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

GLDY has the higher dividend yield at 51.60%, compared with 23.10% for GLDW.

What is the main difference between GLDW and GLDY?

They also come from different issuers: State Street and Defiance.