RDEIY vs. GDXY
RDEIY (Red Electrica Corporacion SA ADR) is a stock, while GDXY (YieldMax Gold Miners Option Income Strategy ETF) is Gold fund actively managed by YieldMax. Over the past year, RDEIY returned -16.01% vs 17.53% for GDXY. At a 0.17 correlation, their price movements are largely independent.
Performance
RDEIY vs. GDXY - Performance Comparison
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Returns By Period
In the year-to-date period, RDEIY achieves a -5.48% return, which is significantly higher than GDXY's -15.78% return.
RDEIY
- 1D
- -3.79%
- 1M
- -0.35%
- YTD
- -5.48%
- 6M
- -1.93%
- 1Y
- -16.01%
- 3Y*
- 5.75%
- 5Y*
- 2.69%
- 10Y*
- 3.64%
GDXY
- 1D
- -4.14%
- 1M
- -9.62%
- YTD
- -15.78%
- 6M
- -19.56%
- 1Y
- 17.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RDEIY vs. GDXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RDEIY Red Electrica Corporacion SA ADR | -5.48% | 14.04% | -1.81% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | -15.78% | 88.08% | -11.84% |
Correlation
The correlation between RDEIY and GDXY is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since May 21, 2024 | 0.17 |
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Return for Risk
RDEIY vs. GDXY — Risk / Return Rank
RDEIY
GDXY
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.
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.
| RDEIY | GDXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.11 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 0.52 | -1.24 |
| Martin ratioReturn relative to average drawdown | -1.14 | 1.37 | -2.51 |
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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 -34.16%. Use the drawdown chart below to compare losses from any high point for RDEIY and GDXY.
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Drawdown Indicators
| RDEIY | GDXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.85% | -34.16% | -6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -22.31% | -34.16% | +11.85% |
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 DrawdownCurrent decline from peak | -20.02% | -32.39% | +12.37% |
Average DrawdownAverage peak-to-trough decline | -10.84% | -6.97% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.05% | 12.81% | +1.24% |
Volatility
RDEIY vs. GDXY - Volatility Comparison
The current volatility for Red Electrica Corporacion SA ADR (RDEIY) is 5.72%, while YieldMax Gold Miners Option Income Strategy ETF (GDXY) has a volatility of 14.40%. 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.
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Volatility by Period
| RDEIY | GDXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 14.40% | -8.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 33.29% | -17.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.94% | 38.62% | -18.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.42% | 32.58% | -11.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.70% | 32.58% | -9.88% |
Dividends
RDEIY vs. GDXY - Dividend Comparison
RDEIY's dividend yield for the trailing twelve months is around 5.43%, less than GDXY's 78.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 78.76% | 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 | 5.43% | 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
RDEIY and GDXY 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.
GDXY has higher volatility (14.40%) compared to RDEIY (5.72%). In terms of maximum drawdown, RDEIY dropped -40.85% vs GDXY's -34.16%.
GDXY currently has the higher Sharpe Ratio (0.46 vs -0.81), 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.
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