NVDW vs. GOLI

Last updated Jul 21, 2026

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

Performance

NVDW vs. GOLI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill NVDA WeeklyPay ETF (NVDW) and Defiance Gold Enhanced Options Income ETF (GOLI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDW achieves a 7.47% return, which is significantly higher than GOLI's -10.95% return.

NVDW

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

GOLI

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

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

NVDW vs. GOLI - Yearly Performance Comparison

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

Correlation

The correlation between NVDW and GOLI 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

NVDW vs. GOLI — Risk / Return Rank

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

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

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

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.

NVDW vs. GOLI - Risk-Adjusted Trends Comparison

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

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

NVDW vs. GOLI - Sharpe Ratio Comparison

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

NVDW vs. GOLI - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

NVDW vs. GOLI - Volatility Comparison

Roundhill NVDA WeeklyPay ETF (NVDW) has a higher volatility of 12.90% compared to Defiance Gold Enhanced Options Income ETF (GOLI) at 6.04%. This indicates that NVDW's price experiences larger fluctuations and is considered to be riskier than GOLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

NVDW vs. GOLI - Expense Ratio Comparison

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

Dividends

NVDW vs. GOLI - Dividend Comparison

NVDW's dividend yield for the trailing twelve months is around 64.55%, more than GOLI's 51.33% 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 NVDW and GOLI in my portfolio?

NVDW and GOLI 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, NVDW or GOLI?

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

Which ETF is better, NVDW or GOLI?

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, NVDW or GOLI?

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, NVDW or GOLI?

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

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

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

What is the main difference between NVDW and GOLI?

They also come from different issuers: Roundhill and Defiance.

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.