RDEIY vs. GDXY

Last updated Jun 4, 2026

RDEIY (Red Electrica Corporacion SA ADR) is a stock, while GDXY (YieldMax Gold Miners Option Income Strategy ETF) is Derivative Income fund managed by YieldMax. Over the past year, RDEIY returned -12.41% vs 30.32% for GDXY. At a 0.18 correlation, their price movements are largely independent.

Performance

RDEIY vs. GDXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Red Electrica Corporacion SA ADR (RDEIY) and YieldMax Gold Miners Option Income Strategy ETF (GDXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with RDEIY having a -6.80% return and GDXY slightly lower at -6.82%.

RDEIY

• 1D: 0.00%
• 1M: -0.70%
• YTD: -6.80%
• 6M: -2.14%
• 1Y: -12.41%
• 3Y*: 5.63%
• 5Y*: 2.07%
• 10Y*: 2.36%

GDXY

• 1D: -2.47%
• 1M: -2.37%
• YTD: -6.82%
• 6M: -3.09%
• 1Y: 30.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDEIY vs. GDXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RDEIY Red Electrica Corporacion SA ADR	-6.80%	14.04%	-1.70%
GDXY YieldMax Gold Miners Option Income Strategy ETF	-6.82%	88.08%	-11.63%

Correlation

The correlation between RDEIY and GDXY is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (All Time) Calculated using the full available price history since May 22, 2024	0.18

Return for Risk

RDEIY vs. GDXY — Risk / Return Rank

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

RDEIY

RDEIY Risk / Return Rank: 18
RDEIY Sharpe Ratio Rank: 14
RDEIY Sortino Ratio Rank: 15
RDEIY Omega Ratio Rank: 16
RDEIY Calmar Ratio Rank: 21
RDEIY Martin Ratio Rank: 24

GDXY

GDXY Risk / Return Rank: 23
GDXY Sharpe Ratio Rank: 23
GDXY Sortino Ratio Rank: 22
GDXY Omega Ratio Rank: 25
GDXY Calmar Ratio Rank: 23
GDXY Martin Ratio Rank: 22

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.

RDEIY vs. GDXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Red Electrica Corporacion SA ADR (RDEIY) 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.

	RDEIY	GDXY	Difference
Sharpe ratio: Return per unit of total volatility	-0.63	0.83	-1.46
Sortino ratio: Return per unit of downside risk	-0.76	1.18	-1.94
Omega ratio: Gain probability vs. loss probability	0.91	1.17	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.56	1.09	-1.64
Martin ratio: Return relative to average drawdown	-0.92	2.77	-3.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDEIY vs. GDXY - Sharpe Ratio Comparison

The current RDEIY Sharpe Ratio is -0.63, which is lower than the GDXY Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of RDEIY and GDXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDEIY	GDXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.63	0.83	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.76	-0.47

Drawdowns

RDEIY vs. GDXY - Drawdown Comparison

The maximum RDEIY drawdown since its inception was -40.85%, which is greater than GDXY's maximum drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for RDEIY and GDXY.

Drawdown Indicators

	RDEIY	GDXY	Difference
Max Drawdown Largest peak-to-trough decline	-40.85%	-28.03%	-12.82%
Max Drawdown (1Y) Largest decline over 1 year	-22.31%	-28.03%	+5.72%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.37%	—	—
Current Drawdown Current decline from peak	-21.13%	-25.20%	+4.07%
Average Drawdown Average peak-to-trough decline	-10.82%	-6.40%	-4.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.52%	10.96%	+2.56%

Volatility

RDEIY vs. GDXY - Volatility Comparison

The current volatility for Red Electrica Corporacion SA ADR (RDEIY) is 4.76%, while YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a volatility of 11.75%. This indicates that RDEIY experiences smaller price fluctuations and is considered to be less risky than GDXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDEIY	GDXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	11.75%	-6.99%
Volatility (6M) Calculated over the trailing 6-month period	15.16%	30.92%	-15.76%
Volatility (1Y) Calculated over the trailing 1-year period	19.90%	36.57%	-16.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.38%	31.73%	-10.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.96%	31.73%	-8.77%

Dividends

RDEIY vs. GDXY - Dividend Comparison

RDEIY's dividend yield for the trailing twelve months is around 5.51%, less than GDXY's 74.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDXY YieldMax Gold Miners Option Income Strategy ETF	74.25%	52.13%	23.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RDEIY Red Electrica Corporacion SA ADR	5.51%	4.93%	6.30%	6.54%	6.21%	4.42%	4.50%	3.92%	3.48%	6.36%	4.63%	2.84%

Frequently Asked Questions

Can I hold both RDEIY and GDXY in my portfolio?

RDEIY and GDXY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDEIY or GDXY?

GDXY has higher volatility (11.75%) compared to RDEIY (4.76%). In terms of maximum drawdown, RDEIY dropped -40.85% vs GDXY's -28.03%.

Which has better risk-adjusted returns?

GDXY currently has the higher Sharpe Ratio (0.83 vs -0.63), 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.