GLDW vs. SPYD
GLDW (Roundhill Gold WeeklyPay ETF) and SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while SPYD is a S&P 500 fund tracking the S&P 500 High Dividend Index. GLDW is actively managed, while SPYD is passively managed. At a 0.19 correlation, their price movements are largely independent. GLDW charges 0.99%/yr vs 0.07%/yr for SPYD.
Performance
GLDW vs. SPYD - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -8.13% return, which is significantly lower than SPYD's 12.56% return.
GLDW
- 1D
- -1.99%
- 1M
- -10.73%
- YTD
- -8.13%
- 6M
- -12.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYD
- 1D
- 0.93%
- 1M
- 1.01%
- YTD
- 12.56%
- 6M
- 12.79%
- 1Y
- 18.22%
- 3Y*
- 15.16%
- 5Y*
- 8.06%
- 10Y*
- 8.86%
GLDW vs. SPYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -8.13% | 9.36% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 12.56% | 2.34% |
Correlation
The correlation between GLDW and SPYD is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 0.19 |
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Return for Risk
GLDW vs. SPYD — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYD
GLDW vs. SPYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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 | SPYD | 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 | — | 2.59 | — |
| Martin ratioReturn relative to average drawdown | — | 7.47 | — |
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Drawdowns
GLDW vs. SPYD - Drawdown Comparison
The maximum GLDW drawdown since its inception was -30.07%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for GLDW and SPYD.
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Drawdown Indicators
| GLDW | SPYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -46.42% | +16.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.05% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.13% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.25% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.42% | — |
Current DrawdownCurrent decline from peak | -29.51% | -1.89% | -27.62% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -6.14% | -4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.44% | — |
Volatility
GLDW vs. SPYD - Volatility Comparison
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Volatility by Period
| GLDW | SPYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.17% | 11.87% | +25.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.17% | 16.07% | +21.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.17% | 19.78% | +17.39% |
GLDW vs. SPYD - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Dividends
GLDW vs. SPYD - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 23.10%, more than SPYD's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 23.10% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYD State Street SPDR Portfolio S&P 500 High Dividend ETF | 4.26% | 4.52% | 4.31% | 4.66% | 5.01% | 3.68% | 4.95% | 4.42% | 4.75% | 4.63% | 4.34% | 1.13% |
Frequently Asked Questions
GLDW and SPYD have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYD is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYD is cheaper with a 0.07% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 23.10%, compared with 4.26% for SPYD.
GLDW is categorized as Derivative Income, while SPYD is S&P 500. Their fees differ too: 0.99% for GLDW and 0.07% for SPYD.
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