NUGY vs. GDXY

Last updated Jun 7, 2026

NUGY (GraniteShares YieldBOOST Gold Miners ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both Derivative Income funds. Their correlation of 0.90 suggests significant overlap in exposure. NUGY charges 1.07%/yr vs 0.99%/yr for GDXY.

Performance

NUGY vs. GDXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST Gold Miners ETF (NUGY) 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, NUGY achieves a -3.86% return, which is significantly higher than GDXY's -12.74% return.

NUGY

• 1D: -3.44%
• 1M: -4.01%
• YTD: -3.86%
• 6M: -2.77%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXY

• 1D: -7.88%
• 1M: -14.53%
• YTD: -12.74%
• 6M: -9.02%
• 1Y: 24.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

NUGY vs. GDXY - Yearly Performance Comparison

	2026 (YTD)	2025
NUGY GraniteShares YieldBOOST Gold Miners ETF	-3.86%	2.38%
GDXY YieldMax Gold Miners Option Income Strategy ETF	-12.74%	9.86%

Correlation

The correlation between NUGY and GDXY is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025	0.90

Return for Risk

NUGY vs. GDXY — Risk / Return Rank

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

GDXY

GDXY Risk / Return Rank: 19
GDXY Sharpe Ratio Rank: 19
GDXY Sortino Ratio Rank: 18
GDXY Omega Ratio Rank: 21
GDXY Calmar Ratio Rank: 18
GDXY Martin Ratio Rank: 19

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.

NUGY vs. GDXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Gold Miners ETF (NUGY) 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.

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

Sharpe Ratios by Period

	NUGY	GDXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	0.63	-0.73

Drawdowns

NUGY vs. GDXY - Drawdown Comparison

The maximum NUGY drawdown since its inception was -17.39%, smaller than the maximum GDXY drawdown of -29.95%. Use the drawdown chart below to compare losses from any high point for NUGY and GDXY.

Drawdown Indicators

	NUGY	GDXY	Difference
Max Drawdown Largest peak-to-trough decline	-17.39%	-29.95%	+12.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-29.95%	—
Current Drawdown Current decline from peak	-16.56%	-29.95%	+13.39%
Average Drawdown Average peak-to-trough decline	-7.46%	-6.48%	-0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.22%	—

Volatility

Volatility by Period

	NUGY	GDXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	26.88%	37.47%	-10.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.88%	32.18%	-5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.88%	32.18%	-5.30%

NUGY vs. GDXY - Expense Ratio Comparison

NUGY has a 1.07% expense ratio, which is higher than GDXY's 0.99% expense ratio.

Dividends

NUGY vs. GDXY - Dividend Comparison

NUGY's dividend yield for the trailing twelve months is around 74.97%, less than GDXY's 80.78% yield.

Position	TTM	2025	2024
GDXY YieldMax Gold Miners Option Income Strategy ETF	80.78%	52.13%	23.91%
NUGY GraniteShares YieldBOOST Gold Miners ETF	74.97%	12.18%	0.00%

Frequently Asked Questions

Can I hold both NUGY and GDXY in my portfolio?

NUGY and GDXY have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NUGY or GDXY?

On fees, GDXY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NUGY or GDXY?

GDXY is cheaper with a 0.99% expense ratio, compared with 1.07% for NUGY.

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

GDXY has the higher dividend yield at 80.78%, compared with 74.97% for NUGY.

What is the main difference between NUGY and GDXY?

They also come from different issuers: GraniteShares and YieldMax. Their fees differ too: 1.07% for NUGY and 0.99% for GDXY.