MPL vs. GLDY
MPL (Defiance Daily Target 2X Long MP ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - MPL is a Leveraged Equities fund actively managed by Defiance, while GLDY is a Derivative Income fund actively managed by Defiance. Both are actively managed. At a 0.17 correlation, their price movements are largely independent. MPL charges 1.31%/yr vs 0.99%/yr for GLDY.
Performance
MPL vs. GLDY - Performance Comparison
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Returns By Period
MPL
- 1D
- -19.06%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDY
- 1D
- -3.20%
- 1M
- -6.96%
- YTD
- -5.06%
- 6M
- -3.13%
- 1Y
- 11.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MPL vs. GLDY - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MPL Defiance Daily Target 2X Long MP ETF | -24.56% |
GLDY Defiance Gold Enhanced Options Income ETF | -3.65% |
Correlation
The correlation between MPL and GLDY is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 27, 2026 | 0.17 |
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Return for Risk
MPL vs. GLDY — Risk / Return Rank
MPL
GLDY
MPL vs. GLDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long MP ETF (MPL) and Defiance Gold Enhanced Options Income ETF (GLDY). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| MPL | GLDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.41 | -1.00 |
Drawdowns
MPL vs. GLDY - Drawdown Comparison
The maximum MPL drawdown since its inception was -34.06%, which is greater than GLDY's maximum drawdown of -15.57%. Use the drawdown chart below to compare losses from any high point for MPL and GLDY.
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Drawdown Indicators
| MPL | GLDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.06% | -15.57% | -18.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.57% | — |
Current DrawdownCurrent decline from peak | -34.06% | -15.57% | -18.49% |
Average DrawdownAverage peak-to-trough decline | -9.74% | -3.98% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.75% | — |
Volatility
MPL vs. GLDY - Volatility Comparison
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Volatility by Period
| MPL | GLDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.94% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.56% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 182.07% | 20.12% | +161.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 182.07% | 19.75% | +162.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 182.07% | 19.75% | +162.32% |
MPL vs. GLDY - Expense Ratio Comparison
MPL has a 1.31% expense ratio, which is higher than GLDY's 0.99% expense ratio.
Dividends
MPL vs. GLDY - Dividend Comparison
MPL has not paid dividends to shareholders, while GLDY's dividend yield for the trailing twelve months is around 48.65%.
| Position | TTM | 2025 |
|---|---|---|
GLDY Defiance Gold Enhanced Options Income ETF | 48.65% | 37.38% |
MPL Defiance Daily Target 2X Long MP ETF | 0.00% | 0.00% |
Frequently Asked Questions
MPL and GLDY have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDY is cheaper with a 0.99% expense ratio, compared with 1.31% for MPL.
GLDY has the higher dividend yield at 48.65%, compared with 0.00% for MPL.
MPL is categorized as Leveraged Equities, while GLDY is Derivative Income. Their fees differ too: 1.31% for MPL and 0.99% for GLDY.
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