GLDW vs. MDST
GLDW (Roundhill Gold WeeklyPay ETF) and MDST (Westwood Salient Enhanced Midstream Income ETF) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by Roundhill Investments, while MDST is a Energy Equities fund actively managed by Westwood. Both are actively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. GLDW charges 0.99%/yr vs 0.80%/yr for MDST.
Performance
GLDW vs. MDST - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -10.18% return, which is significantly lower than MDST's 18.37% return.
GLDW
- 1D
- -1.58%
- 1M
- -2.25%
- 6M
- -21.62%
- YTD
- -10.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MDST
- 1D
- 0.55%
- 1M
- 2.48%
- 6M
- 12.41%
- YTD
- 18.37%
- 1Y
- 20.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.24K | $286.30K | $479.68K | |
| $1.68M | $1.58M | $1.75M |
GLDW vs. MDST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -10.18% | 9.36% |
MDST Westwood Salient Enhanced Midstream Income ETF | 18.37% | 5.69% |
Correlation
The correlation between GLDW and MDST is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | -0.02 |
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Return for Risk
GLDW vs. MDST — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MDST
GLDW vs. MDST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and Westwood Salient Enhanced Midstream Income ETF (MDST). 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 | MDST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.95 | — |
| Martin ratioReturn relative to average drawdown | — | 8.30 | — |
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Drawdowns
GLDW vs. MDST - Drawdown Comparison
The maximum GLDW drawdown since its inception was -32.55%, which is greater than MDST's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for GLDW and MDST.
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Drawdown Indicators
| GLDW | MDST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.55% | -14.19% | -18.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -5.98% | — |
Current DrawdownCurrent decline from peak | -31.08% | -1.87% | -29.21% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -2.17% | -11.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.53% | — |
Volatility
GLDW vs. MDST - Volatility Comparison
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Volatility by Period
| GLDW | MDST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.85% | 12.69% | +23.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.85% | 16.04% | +19.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.85% | 16.04% | +19.81% |
GLDW vs. MDST - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than MDST's 0.80% expense ratio.
Dividends
GLDW vs. MDST - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 26.73%, more than MDST's 9.20% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 26.73% | 3.75% | 0.00% |
MDST Westwood Salient Enhanced Midstream Income ETF | 9.20% | 10.22% | 6.60% |
Frequently Asked Questions
GLDW and MDST have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MDST is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDST is cheaper with a 0.80% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 26.73%, compared with 9.20% for MDST.
GLDW is categorized as Derivative Income, while MDST is Energy Equities. They also come from different issuers: Roundhill Investments and Westwood. Their fees differ too: 0.99% for GLDW and 0.80% for MDST.
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