GLDW vs. SPYG

Last updated Jun 4, 2026

GLDW (Roundhill Gold WeeklyPay ETF) and SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while SPYG is a S&P 500 fund tracking the S&P 500 Growth Index. GLDW is actively managed, while SPYG is passively managed. At a 0.33 correlation, their price movements are largely independent. GLDW charges 0.99%/yr vs 0.04%/yr for SPYG.

Performance

GLDW vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Gold WeeklyPay ETF (GLDW) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDW achieves a 1.00% return, which is significantly lower than SPYG's 13.75% return.

GLDW

• 1D: -1.20%
• 1M: -2.48%
• YTD: 1.00%
• 6M: 3.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPYG

• 1D: -0.98%
• 1M: 7.38%
• YTD: 13.75%
• 6M: 13.57%
• 1Y: 33.95%
• 3Y*: 28.16%
• 5Y*: 16.07%
• 10Y*: 18.20%

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

GLDW vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025
GLDW Roundhill Gold WeeklyPay ETF	1.00%	7.63%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	13.75%	-0.78%

Correlation

The correlation between GLDW and SPYG is 0.33, 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 31, 2025	0.33

Return for Risk

GLDW vs. SPYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYG

SPYG Risk / Return Rank: 57
SPYG Sharpe Ratio Rank: 62
SPYG Sortino Ratio Rank: 60
SPYG Omega Ratio Rank: 59
SPYG Calmar Ratio Rank: 49
SPYG Martin Ratio Rank: 57

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. SPYG - 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 Growth ETF (SPYG). 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.

Sharpe Ratios by Period

	GLDW	SPYG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.88	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.35	+0.06

Drawdowns

GLDW vs. SPYG - Drawdown Comparison

The maximum GLDW drawdown since its inception was -23.59%, smaller than the maximum SPYG drawdown of -67.63%. Use the drawdown chart below to compare losses from any high point for GLDW and SPYG.

Drawdown Indicators

	GLDW	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-23.59%	-67.63%	+44.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.76%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.14%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.67%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.67%	—
Current Drawdown Current decline from peak	-22.51%	-1.13%	-21.38%
Average Drawdown Average peak-to-trough decline	-8.93%	-24.33%	+15.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.32%	—

Volatility

Volatility by Period

	GLDW	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.46%	—
Volatility (1Y) Calculated over the trailing 1-year period	36.90%	16.06%	+20.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.90%	21.17%	+15.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.90%	20.64%	+16.26%

GLDW vs. SPYG - Expense Ratio Comparison

GLDW has a 0.99% expense ratio, which is higher than SPYG's 0.04% expense ratio.

Dividends

GLDW vs. SPYG - Dividend Comparison

GLDW's dividend yield for the trailing twelve months is around 19.48%, more than SPYG's 0.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLDW Roundhill Gold WeeklyPay ETF	19.48%	3.75%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.47%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Frequently Asked Questions

Can I hold both GLDW and SPYG in my portfolio?

GLDW and SPYG have a correlation of 0.33, 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 SPYG?

On fees, SPYG is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDW or SPYG?

SPYG is cheaper with a 0.04% expense ratio, compared with 0.99% for GLDW.

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

GLDW has the higher dividend yield at 19.48%, compared with 0.47% for SPYG.

What is the main difference between GLDW and SPYG?

GLDW is categorized as Derivative Income, while SPYG is S&P 500. Their fees differ too: 0.99% for GLDW and 0.04% for SPYG.