GLDW vs. SPYM
GLDW (Roundhill Gold WeeklyPay ETF) and SPYM (State Street SPDR Portfolio S&P 500 ETF) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while SPYM is a S&P 500 fund tracking the S&P 500 Index. GLDW is actively managed, while SPYM is passively managed. At a 0.38 correlation, their price movements are largely independent. GLDW charges 0.99%/yr vs 0.02%/yr for SPYM.
Performance
GLDW vs. SPYM - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -12.10% return, which is significantly lower than SPYM's 10.74% return.
GLDW
- 1D
- -2.26%
- 1M
- -10.14%
- 6M
- -18.75%
- YTD
- -12.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPYM
- 1D
- -0.53%
- 1M
- 0.32%
- 6M
- 9.08%
- YTD
- 10.74%
- 1Y
- 21.71%
- 3Y*
- 20.10%
- 5Y*
- 13.32%
- 10Y*
- 15.19%
GLDW vs. SPYM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -12.10% | 9.36% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 10.74% | -0.50% |
Correlation
The correlation between GLDW and SPYM is 0.38, 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 | 0.38 |
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Return for Risk
GLDW vs. SPYM — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYM
GLDW vs. SPYM - 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 ETF (SPYM). 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 | SPYM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.45 | — |
| Martin ratioReturn relative to average drawdown | — | 10.67 | — |
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Drawdowns
GLDW vs. SPYM - Drawdown Comparison
The maximum GLDW drawdown since its inception was -32.55%, smaller than the maximum SPYM drawdown of -54.46%. Use the drawdown chart below to compare losses from any high point for GLDW and SPYM.
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Drawdown Indicators
| GLDW | SPYM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.55% | -54.46% | +21.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.90% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.87% | — |
Current DrawdownCurrent decline from peak | -32.55% | -0.88% | -31.67% |
Average DrawdownAverage peak-to-trough decline | -12.16% | -7.12% | -5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.04% | — |
Volatility
GLDW vs. SPYM - Volatility Comparison
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Volatility by Period
| GLDW | SPYM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.55% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 10.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 36.47% | 12.54% | +23.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.47% | 16.92% | +19.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.47% | 17.99% | +18.48% |
GLDW vs. SPYM - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than SPYM's 0.02% expense ratio.
Dividends
GLDW vs. SPYM - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 26.12%, more than SPYM's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 26.12% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPYM State Street SPDR Portfolio S&P 500 ETF | 1.03% | 1.13% | 1.28% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% |
Frequently Asked Questions
GLDW and SPYM have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM is cheaper at 0.02% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM is cheaper with a 0.02% expense ratio, compared with 0.99% for GLDW.
GLDW has the higher dividend yield at 26.12%, compared with 1.03% for SPYM.
GLDW is categorized as Derivative Income, while SPYM is S&P 500. Their fees differ too: 0.99% for GLDW and 0.02% for SPYM.
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