GLDY vs. NVDW

Last updated Jun 9, 2026

GLDY (Defiance Gold Enhanced Options Income ETF) and NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GLDY returned 11.50% vs 51.10% for NVDW. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GLDY vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Gold Enhanced Options Income ETF (GLDY) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDY achieves a -4.78% return, which is significantly lower than NVDW's 12.02% return.

GLDY

• 1D: 0.29%
• 1M: -6.85%
• YTD: -4.78%
• 6M: -2.80%
• 1Y: 11.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDW

• 1D: 1.74%
• 1M: -3.62%
• YTD: 12.02%
• 6M: 12.57%
• 1Y: 51.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDY vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
GLDY Defiance Gold Enhanced Options Income ETF	-4.78%	17.45%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	12.02%	33.44%

Correlation

The correlation between GLDY and NVDW is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.05

Return for Risk

GLDY vs. NVDW — Risk / Return Rank

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

GLDY

GLDY Risk / Return Rank: 19
GLDY Sharpe Ratio Rank: 20
GLDY Sortino Ratio Rank: 17
GLDY Omega Ratio Rank: 22
GLDY Calmar Ratio Rank: 19
GLDY Martin Ratio Rank: 19

NVDW

NVDW Risk / Return Rank: 38
NVDW Sharpe Ratio Rank: 38
NVDW Sortino Ratio Rank: 39
NVDW Omega Ratio Rank: 36
NVDW Calmar Ratio Rank: 45
NVDW Martin Ratio Rank: 34

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. NVDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GLDY) and Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW). 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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	0.57	1.23	-0.66
Sortino ratio: Return per unit of downside risk	0.78	1.81	-1.02
Omega ratio: Gain probability vs. loss probability	1.13	1.22	-0.08
Calmar ratio: Return relative to maximum drawdown	0.74	2.01	-1.27
Martin ratio: Return relative to average drawdown	1.98	4.84	-2.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLDY vs. NVDW - Sharpe Ratio Comparison

The current GLDY Sharpe Ratio is 0.57, which is lower than the NVDW Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of GLDY and NVDW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLDY	NVDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	1.23	-0.66
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	1.35	-0.92

Drawdowns

GLDY vs. NVDW - Drawdown Comparison

The maximum GLDY drawdown since its inception was -15.57%, smaller than the maximum NVDW drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for GLDY and NVDW.

Drawdown Indicators

	GLDY	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-15.57%	-25.54%	+9.97%
Max Drawdown (1Y) Largest decline over 1 year	-15.57%	-25.54%	+9.97%
Current Drawdown Current decline from peak	-15.33%	-13.69%	-1.64%
Average Drawdown Average peak-to-trough decline	-4.02%	-8.24%	+4.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	10.59%	-4.76%

Volatility

GLDY vs. NVDW - Volatility Comparison

The current volatility for Defiance Gold Enhanced Options Income ETF (GLDY) is 4.95%, while Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) has a volatility of 15.23%. This indicates that GLDY experiences smaller price fluctuations and is considered to be less risky than NVDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDY	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	15.23%	-10.28%
Volatility (6M) Calculated over the trailing 6-month period	18.57%	31.58%	-13.01%
Volatility (1Y) Calculated over the trailing 1-year period	20.14%	41.74%	-21.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.71%	41.59%	-21.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.71%	41.59%	-21.88%

GLDY vs. NVDW - Expense Ratio Comparison

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

Dividends

GLDY vs. NVDW - Dividend Comparison

GLDY's dividend yield for the trailing twelve months is around 48.51%, less than NVDW's 61.31% yield.

Position	TTM	2025
GLDY Defiance Gold Enhanced Options Income ETF	48.51%	37.38%
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF	61.31%	38.94%

Frequently Asked Questions

Can I hold both GLDY and NVDW in my portfolio?

GLDY and NVDW have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLDY or NVDW?

NVDW has higher volatility (15.23%) compared to GLDY (4.95%). In terms of maximum drawdown, GLDY dropped -15.57% vs NVDW's -25.54%.

Which ETF is better, GLDY or NVDW?

On 1-year performance, NVDW leads with 51.10% vs 11.50% for GLDY. Both ETFs have the same 0.99% expense ratio. On volatility, GLDY has been the lower-risk option at 4.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLDY or NVDW?

Over the 1-year period, NVDW has performed better with a 51.10% return vs 11.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLDY or NVDW?

GLDY and NVDW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, GLDY or NVDW?

NVDW has the higher dividend yield at 61.31%, compared with 48.51% for GLDY.

What is the main difference between GLDY and NVDW?

They also come from different issuers: Defiance and Roundhill.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (1.23 vs 0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.