GLDY vs. GLDW
GLDY (Defiance Gold Enhanced Options Income ETF) and GLDW (Roundhill Gold WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.99% expense ratio.
Performance
GLDY vs. GLDW - Performance Comparison
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Returns By Period
In the year-to-date period, GLDY achieves a -8.97% return, which is significantly lower than GLDW's -8.13% return.
GLDY
- 1D
- -1.42%
- 1M
- -7.47%
- YTD
- -8.97%
- 6M
- -11.98%
- 1Y
- 3.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDW
- 1D
- -1.99%
- 1M
- -10.73%
- YTD
- -8.13%
- 6M
- -12.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDY vs. GLDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDY Defiance Gold Enhanced Options Income ETF | -8.97% | 7.28% |
GLDW Roundhill Gold WeeklyPay ETF | -8.13% | 9.36% |
Correlation
The correlation between GLDY and GLDW is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 0.87 |
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Return for Risk
GLDY vs. GLDW — Risk / Return Rank
GLDY
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLDY vs. GLDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GLDY) and Roundhill Gold WeeklyPay ETF (GLDW). 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.
| GLDY | GLDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.06 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | — | — |
| Martin ratioReturn relative to average drawdown | 0.54 | — | — |
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Drawdowns
GLDY vs. GLDW - Drawdown Comparison
The maximum GLDY drawdown since its inception was -25.90%, smaller than the maximum GLDW drawdown of -30.07%. Use the drawdown chart below to compare losses from any high point for GLDY and GLDW.
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Drawdown Indicators
| GLDY | GLDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.90% | -30.07% | +4.17% |
Max Drawdown (1Y)Largest decline over 1 year | -25.90% | — | — |
Current DrawdownCurrent decline from peak | -19.05% | -29.51% | +10.46% |
Average DrawdownAverage peak-to-trough decline | -4.47% | -10.30% | +5.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.91% | — | — |
Volatility
GLDY vs. GLDW - Volatility Comparison
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Volatility by Period
| GLDY | GLDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.83% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.59% | 37.17% | -12.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 37.17% | -13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.27% | 37.17% | -13.90% |
GLDY vs. GLDW - Expense Ratio Comparison
Both GLDY and GLDW have an expense ratio of 0.99%.
Dividends
GLDY vs. GLDW - Dividend Comparison
GLDY's dividend yield for the trailing twelve months is around 51.60%, more than GLDW's 23.10% yield.
| Position | TTM | 2025 |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | 23.10% | 3.75% |
GLDY Defiance Gold Enhanced Options Income ETF | 51.60% | 37.38% |
Frequently Asked Questions
GLDY and GLDW have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLDY and GLDW have the same expense ratio: 0.99% per year.
GLDY has the higher dividend yield at 51.60%, compared with 23.10% for GLDW.
They also come from different issuers: Defiance and State Street.
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