GLDY vs. GDXY

Last updated Apr 1, 2026

Compare and contrast key facts about Defiance Gold Enhanced Options Income ETF (GLDY) and YieldMax Gold Miners Option Income Strategy ETF (GDXY).

GLDY and GDXY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDY is an actively managed fund by Defiance. It was launched on Apr 1, 2025. GDXY is managed by YieldMax. It was launched on May 20, 2024.

Performance

GLDY vs. GDXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Gold Enhanced Options Income ETF (GLDY) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). The values are adjusted to include any dividend payments, if applicable.

GLDY vs. GDXY - Yearly Performance Comparison

	2026 (YTD)	2025
GLDY Defiance Gold Enhanced Options Income ETF	1.71%	15.40%
GDXY YieldMax Gold Miners Option Income Strategy ETF	0.12%	48.42%

Returns By Period

In the year-to-date period, GLDY achieves a 1.71% return, which is significantly higher than GDXY's 0.12% return.

GLDY

• 1D: 1.38%
• 1M: -7.41%
• YTD: 1.71%
• 6M: 7.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXY

• 1D: 4.88%
• 1M: -19.63%
• YTD: 0.12%
• 6M: 7.38%
• 1Y: 48.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDY vs. GDXY - Expense Ratio Comparison

Both GLDY and GDXY have an expense ratio of 0.99%.

GLDY

Defiance Gold Enhanced Options Income ETF

GDXY

YieldMax Gold Miners Option Income Strategy ETF

Return for Risk

GLDY vs. GDXY — Risk / Return Rank

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

GDXY

GDXY Risk / Return Rank: 71
GDXY Sharpe Ratio Rank: 76
GDXY Sortino Ratio Rank: 68
GDXY Omega Ratio Rank: 72
GDXY Calmar Ratio Rank: 72
GDXY Martin Ratio Rank: 69

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.

GLDY vs. GDXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GLDY) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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

	GLDY	GDXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.02	-0.14

Correlation

The correlation between GLDY and GDXY is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GLDY vs. GDXY - Dividend Comparison

GLDY's dividend yield for the trailing twelve months is around 48.03%, less than GDXY's 61.55% yield.

	TTM	2025	2024
GLDY Defiance Gold Enhanced Options Income ETF	48.03%	37.38%	0.00%
GDXY YieldMax Gold Miners Option Income Strategy ETF	61.55%	52.13%	23.91%

Drawdowns

GLDY vs. GDXY - Drawdown Comparison

The maximum GLDY drawdown since its inception was -13.43%, smaller than the maximum GDXY drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for GLDY and GDXY.

Drawdown Indicators

	GLDY	GDXY	Difference
Max Drawdown Largest peak-to-trough decline	-13.43%	-28.03%	+14.60%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.03%	—
Current Drawdown Current decline from peak	-9.56%	-19.63%	+10.07%
Average Drawdown Average peak-to-trough decline	-2.82%	-5.16%	+2.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.48%	—

Volatility

Volatility by Period

	GLDY	GDXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.12%	—
Volatility (6M) Calculated over the trailing 6-month period	—	31.43%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.99%	36.74%	-16.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.99%	31.11%	-11.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.99%	31.11%	-11.12%