GLDW vs. MLPR
GLDW (Roundhill Gold WeeklyPay ETF) and MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by Roundhill Investments, while MLPR is a Leveraged Equities fund tracking the Alerian MLP Index (150%). GLDW is actively managed, while MLPR is passively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. GLDW charges 0.99%/yr vs 0.95%/yr for MLPR.
Performance
GLDW vs. MLPR - 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 MLPR's 39.50% return.
GLDW
- 1D
- -1.58%
- 1M
- -2.25%
- 6M
- -21.62%
- YTD
- -10.18%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MLPR
- 1D
- 1.62%
- 1M
- 11.14%
- 6M
- 25.11%
- YTD
- 39.50%
- 1Y
- 39.67%
- 3Y*
- 31.28%
- 5Y*
- 31.23%
- 10Y*
- —
- ALL TIME*
- 32.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.24K | $286.30K | $479.68K | |
| $34.92K | $44.03K | $37.73K |
GLDW vs. MLPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -10.18% | 9.36% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 39.50% | 6.11% |
Correlation
The correlation between GLDW and MLPR is -0.03, 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 | -0.03 |
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Return for Risk
GLDW vs. MLPR — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MLPR
GLDW vs. MLPR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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 | MLPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.28 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.55 | — |
| Martin ratioReturn relative to average drawdown | — | 7.25 | — |
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Drawdowns
GLDW vs. MLPR - Drawdown Comparison
The maximum GLDW drawdown since its inception was -32.55%, smaller than the maximum MLPR drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for GLDW and MLPR.
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Drawdown Indicators
| GLDW | MLPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.55% | -48.98% | +16.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.31% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.66% | — |
Current DrawdownCurrent decline from peak | -31.08% | -0.13% | -30.95% |
Average DrawdownAverage peak-to-trough decline | -13.26% | -8.89% | -4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.35% | — |
Volatility
GLDW vs. MLPR - Volatility Comparison
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Volatility by Period
| GLDW | MLPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 17.18% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.85% | 22.38% | +13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.85% | 29.11% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.85% | 33.66% | +2.19% |
GLDW vs. MLPR - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than MLPR's 0.95% expense ratio.
Dividends
GLDW vs. MLPR - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 26.73%, more than MLPR's 8.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 26.73% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 8.83% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% |
Frequently Asked Questions
GLDW and MLPR have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MLPR is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MLPR is cheaper with a 0.95% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 26.73%, compared with 8.83% for MLPR.
GLDW is categorized as Derivative Income, while MLPR is Leveraged Equities. They also come from different issuers: Roundhill Investments and UBS. Their fees differ too: 0.99% for GLDW and 0.95% for MLPR.
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