GOLI vs. NVDW

Last updated Jul 21, 2026

GOLI (Defiance Gold Enhanced Options Income ETF) and NVDW (Roundhill NVDA WeeklyPay ETF) are both Derivative Income funds. Both are actively managed. Over the past year, GOLI returned 2.02% vs 15.35% for NVDW. At a 0.05 correlation, their price movements are largely independent. Both charge a 0.99% expense ratio.

Performance

GOLI vs. NVDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Gold Enhanced Options Income ETF (GOLI) and 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, GOLI achieves a -10.95% return, which is significantly lower than NVDW's 7.47% return.

GOLI

• 1D: -0.13%
• 1M: -4.10%
• 6M: -14.97%
• YTD: -10.95%
• 1Y: 2.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 1.96%

NVDW

• 1D: -0.21%
• 1M: -4.86%
• 6M: 7.94%
• YTD: 7.47%
• 1Y: 15.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.55%

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

GOLI vs. NVDW - Yearly Performance Comparison

	2026 (YTD)	2025
GOLI Defiance Gold Enhanced Options Income ETF	-10.95%	17.45%
NVDW Roundhill NVDA WeeklyPay ETF	7.47%	33.44%

Correlation

The correlation between GOLI and NVDW is 0.10, 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	0.10
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.05

Return for Risk

GOLI vs. NVDW — Risk / Return Rank

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

GOLI

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

NVDW

NVDW Risk / Return Rank: 18
NVDW Sharpe Ratio Rank: 17
NVDW Sortino Ratio Rank: 19
NVDW Omega Ratio Rank: 18
NVDW Calmar Ratio Rank: 19
NVDW Martin Ratio Rank: 18

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. NVDW - Risk-Adjusted Trends Comparison

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

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	NVDW	Difference
Sharpe ratio: Return per unit of total volatility	0.08	0.36	-0.28
Sortino ratio: Return per unit of downside risk	0.27	0.81	-0.54
Omega ratio: Gain probability vs. loss probability	1.04	1.09	-0.05
Calmar ratio: Return relative to maximum drawdown	0.08	0.60	-0.52
Martin ratio: Return relative to average drawdown	0.23	1.28	-1.05

GOLI vs. NVDW - Sharpe Ratio Comparison

The current GOLI Sharpe Ratio is 0.08, which is lower than the NVDW Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of GOLI 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.

Drawdowns

GOLI vs. NVDW - Drawdown Comparison

The maximum GOLI drawdown since its inception was -25.88%, roughly equal to the maximum NVDW drawdown of -25.54%. Use the drawdown chart below to compare losses from any high point for GOLI and NVDW.

Drawdown Indicators

	GOLI	NVDW	Difference
Max Drawdown Largest peak-to-trough decline	-25.88%	-25.54%	-0.34%
Max Drawdown (1Y) Largest decline over 1 year	-25.88%	-25.54%	-0.34%
Current Drawdown Current decline from peak	-20.81%	-17.20%	-3.61%
Average Drawdown Average peak-to-trough decline	-5.34%	-9.09%	+3.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.76%	12.01%	-3.25%

Volatility

GOLI vs. NVDW - Volatility Comparison

The current volatility for Defiance Gold Enhanced Options Income ETF (GOLI) is 6.04%, while Roundhill NVDA WeeklyPay ETF (NVDW) has a volatility of 12.90%. This indicates that GOLI 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

	GOLI	NVDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.04%	12.90%	-6.86%
Volatility (6M) Calculated over the trailing 6-month period	23.44%	33.04%	-9.60%
Volatility (1Y) Calculated over the trailing 1-year period	25.17%	42.96%	-17.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.17%	42.01%	-18.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.17%	42.01%	-18.84%

GOLI vs. NVDW - Expense Ratio Comparison

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

Dividends

GOLI vs. NVDW - Dividend Comparison

GOLI's dividend yield for the trailing twelve months is around 51.33%, less than NVDW's 64.55% yield.

Position	TTM	2025
GOLI Defiance Gold Enhanced Options Income ETF	51.33%	37.38%
NVDW Roundhill NVDA WeeklyPay ETF	64.55%	38.94%

Frequently Asked Questions

Can I hold both GOLI and NVDW in my portfolio?

GOLI and NVDW have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GOLI or NVDW?

NVDW has higher volatility (12.90%) compared to GOLI (6.04%). In terms of maximum drawdown, GOLI dropped -25.88% vs NVDW's -25.54%.

Which ETF is better, GOLI or NVDW?

On 1-year performance, NVDW leads with 15.35% vs 2.02% for GOLI. Both ETFs have the same 0.99% expense ratio. On volatility, GOLI has been the lower-risk option at 6.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GOLI or NVDW?

Over the 1-year period, NVDW has performed better with a 15.35% return vs 2.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GOLI or NVDW?

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

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

NVDW has the higher dividend yield at 64.55%, compared with 51.33% for GOLI.

What is the main difference between GOLI and NVDW?

They also come from different issuers: Defiance and Roundhill.

Which has better risk-adjusted returns?

NVDW currently has the higher Sharpe Ratio (0.36 vs 0.08), 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.