GLDY vs. KGLD
GLDY (Defiance Gold Enhanced Options Income ETF) and KGLD (Kurv Gold Enhanced Income ETF ) are both Derivative Income funds. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. GLDY charges 0.99%/yr vs 1.00%/yr for KGLD.
Performance
GLDY vs. KGLD - Performance Comparison
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Returns By Period
In the year-to-date period, GLDY achieves a -2.30% return, which is significantly lower than KGLD's 2.99% return.
GLDY
- 1D
- -0.58%
- 1M
- -1.38%
- YTD
- -2.30%
- 6M
- -0.58%
- 1Y
- 13.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KGLD
- 1D
- -1.05%
- 1M
- -1.84%
- YTD
- 2.99%
- 6M
- 5.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDY vs. KGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDY Defiance Gold Enhanced Options Income ETF | -2.30% | 15.96% |
KGLD Kurv Gold Enhanced Income ETF | 2.99% | 29.75% |
Correlation
The correlation between GLDY and KGLD is 0.88, 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 Jul 9, 2025 | 0.88 |
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Return for Risk
GLDY vs. KGLD — Risk / Return Rank
GLDY
KGLD
GLDY vs. KGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GLDY) and Kurv Gold Enhanced Income ETF (KGLD). 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.
| GLDY | KGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | — | — |
| Martin ratioReturn relative to average drawdown | 2.47 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLDY | KGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.70 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.32 | -0.76 |
Drawdowns
GLDY vs. KGLD - Drawdown Comparison
The maximum GLDY drawdown since its inception was -13.43%, smaller than the maximum KGLD drawdown of -20.29%. Use the drawdown chart below to compare losses from any high point for GLDY and KGLD.
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Drawdown Indicators
| GLDY | KGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.43% | -20.29% | +6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -13.43% | — | — |
Current DrawdownCurrent decline from peak | -13.12% | -19.40% | +6.28% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -6.10% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | — | — |
Volatility
GLDY vs. KGLD - Volatility Comparison
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Volatility by Period
| GLDY | KGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 18.27% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.87% | 28.72% | -8.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 28.72% | -9.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.58% | 28.72% | -9.14% |
GLDY vs. KGLD - Expense Ratio Comparison
GLDY has a 0.99% expense ratio, which is lower than KGLD's 1.00% expense ratio.
Dividends
GLDY vs. KGLD - Dividend Comparison
GLDY's dividend yield for the trailing twelve months is around 46.42%, more than KGLD's 12.64% yield.
| Position | TTM | 2025 |
|---|---|---|
GLDY Defiance Gold Enhanced Options Income ETF | 46.42% | 37.38% |
KGLD Kurv Gold Enhanced Income ETF | 12.64% | 4.59% |
Frequently Asked Questions
GLDY and KGLD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDY is cheaper with a 0.99% expense ratio, compared with 1.00% for KGLD.
GLDY has the higher dividend yield at 46.42%, compared with 12.64% for KGLD.
They also come from different issuers: Defiance and Kurv. Their fees differ too: 0.99% for GLDY and 1.00% for KGLD.
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