OILU vs. GLDW

Last updated Jun 4, 2026

OILU (MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN) and GLDW (Roundhill Gold WeeklyPay ETF) are both exchange-traded funds - OILU is a Leveraged Commodities fund managed by BMO, while GLDW is a Derivative Income fund actively managed by State Street. At a 0.03 correlation, their price movements are largely independent. OILU charges 0.95%/yr vs 0.99%/yr for GLDW.

Performance

OILU vs. GLDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Roundhill Gold WeeklyPay ETF (GLDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OILU achieves a 96.53% return, which is significantly higher than GLDW's 1.00% return.

OILU

• 1D: 3.64%
• 1M: -10.84%
• YTD: 96.53%
• 6M: 77.49%
• 1Y: 115.83%
• 3Y*: 10.60%
• 5Y*: —
• 10Y*: —

GLDW

• 1D: -1.20%
• 1M: -2.48%
• YTD: 1.00%
• 6M: 3.47%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILU vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	96.53%	4.81%
GLDW Roundhill Gold WeeklyPay ETF	1.00%	7.63%

Correlation

The correlation between OILU and GLDW is 0.03, 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 (All Time) Calculated using the full available price history since Oct 31, 2025	0.03

Return for Risk

OILU vs. GLDW — Risk / Return Rank

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

OILU

OILU Risk / Return Rank: 52
OILU Sharpe Ratio Rank: 54
OILU Sortino Ratio Rank: 45
OILU Omega Ratio Rank: 42
OILU Calmar Ratio Rank: 69
OILU Martin Ratio Rank: 51

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.

OILU vs. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Roundhill Gold WeeklyPay ETF (GLDW). 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.

	OILU	GLDW	Difference
Sharpe ratio: Return per unit of total volatility	1.87	—	—
Sortino ratio: Return per unit of downside risk	2.25	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	3.48	—	—
Martin ratio: Return relative to average drawdown	8.74	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	OILU	GLDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.42	-0.25

Drawdowns

OILU vs. GLDW - Drawdown Comparison

The maximum OILU drawdown since its inception was -81.00%, which is greater than GLDW's maximum drawdown of -23.59%. Use the drawdown chart below to compare losses from any high point for OILU and GLDW.

Drawdown Indicators

	OILU	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-81.00%	-23.59%	-57.41%
Max Drawdown (1Y) Largest decline over 1 year	-33.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-69.09%	—	—
Current Drawdown Current decline from peak	-47.14%	-22.51%	-24.63%
Average Drawdown Average peak-to-trough decline	-50.59%	-8.93%	-41.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.32%	—	—

Volatility

Volatility by Period

	OILU	GLDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	49.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	62.23%	36.90%	+25.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.16%	36.90%	+44.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.16%	36.90%	+44.26%

OILU vs. GLDW - Expense Ratio Comparison

OILU has a 0.95% expense ratio, which is lower than GLDW's 0.99% expense ratio.

Dividends

OILU vs. GLDW - Dividend Comparison

OILU has not paid dividends to shareholders, while GLDW's dividend yield for the trailing twelve months is around 19.48%.

Position	TTM	2025
GLDW Roundhill Gold WeeklyPay ETF	19.48%	3.75%
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	0.00%	0.00%

Frequently Asked Questions

Can I hold both OILU and GLDW in my portfolio?

OILU and GLDW have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, OILU or GLDW?

On fees, OILU is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, OILU or GLDW?

OILU is cheaper with a 0.95% expense ratio, compared with 0.99% for GLDW.

Which ETF pays a higher dividend yield, OILU or GLDW?

GLDW has the higher dividend yield at 19.48%, compared with 0.00% for OILU.

What is the main difference between OILU and GLDW?

OILU is categorized as Leveraged Commodities, while GLDW is Derivative Income. They also come from different issuers: BMO and State Street. Their fees differ too: 0.95% for OILU and 0.99% for GLDW.