GOLI vs. GDXW

Last updated Jul 22, 2026

GOLI (Defiance Gold Enhanced Options Income ETF) and GDXW (Roundhill Gold Miners Weeklypay ETF) are both exchange-traded funds - GOLI is a Derivative Income fund actively managed by Defiance, while GDXW is a Gold fund actively managed by Roundhill. Both are actively managed. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.99% expense ratio.

Performance

GOLI vs. GDXW - Performance Comparison

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

Returns By Period

In the year-to-date period, GOLI achieves a -9.82% return, which is significantly higher than GDXW's -19.96% return.

GOLI

• 1D: 1.26%
• 1M: -2.89%
• 6M: -15.00%
• YTD: -9.82%
• 1Y: 2.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 2.95%

GDXW

• 1D: 5.97%
• 1M: -12.52%
• 6M: -35.36%
• YTD: -19.96%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

GOLI vs. GDXW - Yearly Performance Comparison

	2026 (YTD)	2025
GOLI Defiance Gold Enhanced Options Income ETF	-9.82%	7.28%
GDXW Roundhill Gold Miners Weeklypay ETF	-19.96%	25.26%

Correlation

The correlation between GOLI and GDXW is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	0.75

Return for Risk

GOLI vs. GDXW — Risk / Return Rank

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

GOLI

GOLI Risk / Return Rank: 13
GOLI Sharpe Ratio Rank: 13
GOLI Sortino Ratio Rank: 12
GOLI Omega Ratio Rank: 14
GOLI Calmar Ratio Rank: 12
GOLI Martin Ratio Rank: 12

GDXW

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

GOLI vs. GDXW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Gold Enhanced Options Income ETF (GOLI) and Roundhill Gold Miners Weeklypay ETF (GDXW). 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.

	GOLI	GDXW	Difference
Sharpe ratio: Return per unit of total volatility	0.11	—	—
Sortino ratio: Return per unit of downside risk	0.30	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.10	—	—
Martin ratio: Return relative to average drawdown	0.30	—	—

Drawdowns

GOLI vs. GDXW - Drawdown Comparison

The maximum GOLI drawdown since its inception was -25.88%, smaller than the maximum GDXW drawdown of -46.79%. Use the drawdown chart below to compare losses from any high point for GOLI and GDXW.

Drawdown Indicators

	GOLI	GDXW	Difference
Max Drawdown Largest peak-to-trough decline	-25.88%	-46.79%	+20.91%
Max Drawdown (1Y) Largest decline over 1 year	-25.88%	—	—
Current Drawdown Current decline from peak	-19.81%	-43.62%	+23.81%
Average Drawdown Average peak-to-trough decline	-5.39%	-18.20%	+12.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.85%	—	—

Volatility

Volatility by Period

	GOLI	GDXW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.15%	61.83%	-36.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.16%	61.83%	-38.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.16%	61.83%	-38.67%

GOLI vs. GDXW - Expense Ratio Comparison

Both GOLI and GDXW have an expense ratio of 0.99%.

Dividends

GOLI vs. GDXW - Dividend Comparison

GOLI's dividend yield for the trailing twelve months is around 50.69%, less than GDXW's 58.19% yield.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	58.19%	7.48%
GOLI Defiance Gold Enhanced Options Income ETF	50.69%	37.38%

Frequently Asked Questions

Can I hold both GOLI and GDXW in my portfolio?

GOLI and GDXW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOLI or GDXW?

Both ETFs have the same 0.99% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOLI or GDXW?

GOLI and GDXW have the same expense ratio: 0.99% per year.

Which ETF pays a higher dividend yield, GOLI or GDXW?

GDXW has the higher dividend yield at 58.19%, compared with 50.69% for GOLI.

What is the main difference between GOLI and GDXW?

GOLI is categorized as Derivative Income, while GDXW is Gold. They also come from different issuers: Defiance and Roundhill.