HOOY vs. GDXY

Last updated Jun 26, 2026

HOOY (YieldMax HOOD Option Income Strategy ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both exchange-traded funds - HOOY is a Derivative Income fund actively managed by YieldMax, while GDXY is a Gold fund actively managed by YieldMax. Both are actively managed. Over the past year, HOOY returned 3.80% vs 16.13% for GDXY. At a 0.25 correlation, their price movements are largely independent. HOOY charges 0.99%/yr vs 1.08%/yr for GDXY.

Performance

HOOY vs. GDXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax HOOD Option Income Strategy ETF (HOOY) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOY achieves a -13.32% return, which is significantly higher than GDXY's -17.89% return.

HOOY

• 1D: -3.61%
• 1M: 16.98%
• YTD: -13.32%
• 6M: -18.06%
• 1Y: 3.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXY

• 1D: 1.38%
• 1M: -14.46%
• YTD: -17.89%
• 6M: -21.39%
• 1Y: 16.13%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HOOY vs. GDXY - Yearly Performance Comparison

	2026 (YTD)	2025
HOOY YieldMax HOOD Option Income Strategy ETF	-13.32%	67.41%
GDXY YieldMax Gold Miners Option Income Strategy ETF	-17.89%	44.80%

Correlation

The correlation between HOOY and GDXY is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (All Time) Calculated using the full available price history since May 8, 2025	0.25

Return for Risk

HOOY vs. GDXY — Risk / Return Rank

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

HOOY

HOOY Risk / Return Rank: 11
HOOY Sharpe Ratio Rank: 10
HOOY Sortino Ratio Rank: 12
HOOY Omega Ratio Rank: 12
HOOY Calmar Ratio Rank: 10
HOOY Martin Ratio Rank: 10

GDXY

GDXY Risk / Return Rank: 15
GDXY Sharpe Ratio Rank: 15
GDXY Sortino Ratio Rank: 15
GDXY Omega Ratio Rank: 17
GDXY Calmar Ratio Rank: 14
GDXY Martin Ratio Rank: 15

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.

HOOY vs. GDXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax HOOD Option Income Strategy ETF (HOOY) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). 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.

	HOOY	GDXY	Difference
Sharpe ratio: Return per unit of total volatility	0.07	0.42	-0.35
Sortino ratio: Return per unit of downside risk	0.50	0.75	-0.25
Omega ratio: Gain probability vs. loss probability	1.06	1.11	-0.05
Calmar ratio: Return relative to maximum drawdown	0.07	0.46	-0.39
Martin ratio: Return relative to average drawdown	0.13	1.23	-1.10

HOOY vs. GDXY - Sharpe Ratio Comparison

The current HOOY Sharpe Ratio is 0.07, which is lower than the GDXY Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of HOOY and GDXY, 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

HOOY vs. GDXY - Drawdown Comparison

The maximum HOOY drawdown since its inception was -51.54%, which is greater than GDXY's maximum drawdown of -34.98%. Use the drawdown chart below to compare losses from any high point for HOOY and GDXY.

Drawdown Indicators

	HOOY	GDXY	Difference
Max Drawdown Largest peak-to-trough decline	-51.54%	-34.98%	-16.56%
Max Drawdown (1Y) Largest decline over 1 year	-51.54%	-34.98%	-16.56%
Current Drawdown Current decline from peak	-35.41%	-34.09%	-1.32%
Average Drawdown Average peak-to-trough decline	-20.85%	-7.07%	-13.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.47%	13.17%	+16.30%

Volatility

HOOY vs. GDXY - Volatility Comparison

YieldMax HOOD Option Income Strategy ETF (HOOY) has a higher volatility of 19.21% compared to YieldMax Gold Miners Option Income Strategy ETF (GDXY) at 14.42%. This indicates that HOOY's price experiences larger fluctuations and is considered to be riskier than GDXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOY	GDXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.21%	14.42%	+4.79%
Volatility (6M) Calculated over the trailing 6-month period	42.24%	33.38%	+8.86%
Volatility (1Y) Calculated over the trailing 1-year period	56.30%	38.80%	+17.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.54%	32.64%	+21.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.54%	32.64%	+21.90%

HOOY vs. GDXY - Expense Ratio Comparison

HOOY has a 0.99% expense ratio, which is lower than GDXY's 1.08% expense ratio.

Dividends

HOOY vs. GDXY - Dividend Comparison

HOOY's dividend yield for the trailing twelve months is around 166.23%, more than GDXY's 82.18% yield.

Position	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	82.18%	52.13%	23.91%
HOOY YieldMax HOOD Option Income Strategy ETF	166.23%	82.87%	0.00%

Frequently Asked Questions

Can I hold both HOOY and GDXY in my portfolio?

HOOY and GDXY have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOY or GDXY?

HOOY has higher volatility (19.21%) compared to GDXY (14.42%). In terms of maximum drawdown, HOOY dropped -51.54% vs GDXY's -34.98%.

Which ETF is better, HOOY or GDXY?

On 1-year performance, GDXY leads with 16.13% vs 3.80% for HOOY. On fees, HOOY is cheaper at 0.99% per year. On volatility, GDXY has been the lower-risk option at 14.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOY or GDXY?

Over the 1-year period, GDXY has performed better with a 16.13% return vs 3.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOY or GDXY?

HOOY is cheaper with a 0.99% expense ratio, compared with 1.08% for GDXY.

Which ETF pays a higher dividend yield, HOOY or GDXY?

HOOY has the higher dividend yield at 166.23%, compared with 82.18% for GDXY.

What is the main difference between HOOY and GDXY?

HOOY is categorized as Derivative Income, while GDXY is Gold. Their fees differ too: 0.99% for HOOY and 1.08% for GDXY.

Which has better risk-adjusted returns?

GDXY currently has the higher Sharpe Ratio (0.42 vs 0.07), 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.