OILU vs. GLDW

Last updated Apr 1, 2026

Compare and contrast key facts about MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) and Roundhill Gold WeeklyPay ETF (GLDW).

OILU and GLDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OILU is managed by BMO. It was launched on Mar 24, 2017. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025.

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.

OILU vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	137.69%	4.81%
GLDW Roundhill Gold WeeklyPay ETF	8.62%	7.63%

Returns By Period

In the year-to-date period, OILU achieves a 137.69% return, which is significantly higher than GLDW's 8.62% return.

OILU

• 1D: -4.17%
• 1M: 33.09%
• YTD: 137.69%
• 6M: 126.29%
• 1Y: 64.88%
• 3Y*: 11.21%
• 5Y*: —
• 10Y*: —

GLDW

• 1D: 4.69%
• 1M: -13.64%
• YTD: 8.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

OILU vs. GLDW - Expense Ratio Comparison

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

GLDW

Roundhill Gold WeeklyPay ETF

OILU

MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN

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: 50
OILU Sharpe Ratio Rank: 49
OILU Sortino Ratio Rank: 56
OILU Omega Ratio Rank: 59
OILU Calmar Ratio Rank: 56
OILU Martin Ratio Rank: 29

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	0.86	—	—
Sortino ratio Return per unit of downside risk	1.43	—	—
Omega ratio Gain probability vs. loss probability	1.21	—	—
Calmar ratio Return relative to maximum drawdown	1.36	—	—
Martin ratio Return relative to average drawdown	2.31	—	—
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	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	1.13	-0.90

Correlation

The correlation between OILU and GLDW is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

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 12.11%.

	TTM	2025
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN	0.00%	0.00%
GLDW Roundhill Gold WeeklyPay ETF	12.11%	3.75%

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	-52.04%	—	—
Current Drawdown Current decline from peak	-36.07%	-16.66%	-19.41%
Average Drawdown Average peak-to-trough decline	-50.73%	-5.11%	-45.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.72%	—	—

Volatility

Volatility by Period

	OILU	GLDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.19%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.42%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	76.32%	41.26%	+35.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	81.18%	41.26%	+39.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	81.18%	41.26%	+39.92%