IBIT vs. GDXY
IBIT (iShares Bitcoin Trust ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while GDXY is a Derivative Income fund managed by YieldMax. Over the past year, IBIT returned -39.67% vs 20.95% for GDXY. At a 0.19 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.99%/yr for GDXY.
Performance
IBIT vs. GDXY - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than GDXY's -12.32% return.
IBIT
- 1D
- -0.03%
- 1M
- -21.94%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXY
- 1D
- 2.43%
- 1M
- -14.26%
- YTD
- -12.32%
- 6M
- -11.68%
- 1Y
- 20.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT vs. GDXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 32.72% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | -12.32% | 88.08% | -11.84% |
Correlation
The correlation between IBIT and GDXY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 21, 2024 | 0.19 |
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Return for Risk
IBIT vs. GDXY — Risk / Return Rank
IBIT
GDXY
IBIT vs. GDXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | GDXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.13 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 0.65 | -1.43 |
| Martin ratioReturn relative to average drawdown | -1.37 | 1.83 | -3.20 |
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Drawdowns
IBIT vs. GDXY - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, which is greater than GDXY's maximum drawdown of -34.16%. Use the drawdown chart below to compare losses from any high point for IBIT and GDXY.
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Drawdown Indicators
| IBIT | GDXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -34.16% | -17.95% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -34.16% | -17.95% |
Current DrawdownCurrent decline from peak | -49.45% | -29.61% | -19.84% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -6.72% | -9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 12.05% | +17.59% |
Volatility
IBIT vs. GDXY - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.07%, while YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a volatility of 14.51%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than GDXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | GDXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 14.51% | -2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 32.60% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 38.00% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 32.36% | +17.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 32.36% | +17.90% |
IBIT vs. GDXY - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than GDXY's 0.99% expense ratio.
Dividends
IBIT vs. GDXY - Dividend Comparison
IBIT has not paid dividends to shareholders, while GDXY's dividend yield for the trailing twelve months is around 82.04%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 82.04% | 52.13% | 23.91% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and GDXY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXY has higher volatility (14.51%) compared to IBIT (12.07%). In terms of maximum drawdown, IBIT dropped -52.11% vs GDXY's -34.16%.
On 1-year performance, GDXY leads with 20.95% vs -39.67% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, IBIT has been the lower-risk option at 12.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GDXY has performed better with a 20.95% return vs -39.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.99% for GDXY.
GDXY has the higher dividend yield at 82.04%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while GDXY is Derivative Income. They also come from different issuers: iShares and YieldMax. Their fees differ too: 0.25% for IBIT and 0.99% for GDXY.
GDXY currently has the higher Sharpe Ratio (0.58 vs -0.92), 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.
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