ROMO vs. GOLY
ROMO (Strategy Shares Newfound/ReSolve Robust Momentum ETF) and GOLY (Strategy Shares Gold Enhanced Yield ETF) are both exchange-traded funds - ROMO is a Momentum fund tracking the Newfound/ReSolve Robust Equity Momentum Index, while GOLY is a Nontraditional Bonds fund actively managed by Strategy Shares. ROMO is passively managed, while GOLY is actively managed. Over the past 5 years, ROMO returned 6.47%/yr vs 4.37%/yr for GOLY. Their 0.30 correlation means their historical movements had little consistent relationship. ROMO charges 0.82%/yr vs 0.79%/yr for GOLY.
Performance
ROMO vs. GOLY - Performance Comparison
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Returns By Period
In the year-to-date period, ROMO achieves a 6.82% return, which is significantly higher than GOLY's -26.54% return.
ROMO
- 1D
- 0.28%
- 1M
- 0.49%
- 6M
- 3.56%
- YTD
- 6.82%
- 1Y
- 17.25%
- 3Y*
- 12.91%
- 5Y*
- 6.47%
- 10Y*
- —
- ALL TIME*
- 6.73%
GOLY
- 1D
- -0.68%
- 1M
- -2.80%
- 6M
- -24.07%
- YTD
- -26.54%
- 1Y
- -9.02%
- 3Y*
- 14.14%
- 5Y*
- 4.37%
- 10Y*
- —
- ALL TIME*
- 4.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $645.25K | $545.45K | $1.00M | |
| $20.73K | $35.75K | $74.68K |
ROMO vs. GOLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 6.82% | 9.29% | 20.68% | 11.05% | -18.88% | 11.67% |
GOLY Strategy Shares Gold Enhanced Yield ETF | -26.54% | 57.98% | 19.82% | 12.74% | -19.96% | -1.40% |
Correlation
The correlation between ROMO and GOLY is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 18, 2021 | 0.30 |
Over the past year, ROMO and GOLY have become more correlated (0.56) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
ROMO vs. GOLY — Risk / Return Rank
ROMO
GOLY
ROMO vs. GOLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) and Strategy Shares Gold Enhanced Yield ETF (GOLY). 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.
| ROMO | GOLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | -0.15 | +1.65 |
| Martin ratioReturn relative to average drawdown | 5.25 | -0.30 | +5.55 |
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Drawdowns
ROMO vs. GOLY - Drawdown Comparison
The maximum ROMO drawdown since its inception was -28.66%, smaller than the maximum GOLY drawdown of -37.99%. Use the drawdown chart below to compare losses from any high point for ROMO and GOLY.
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Drawdown Indicators
| ROMO | GOLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.66% | -37.99% | +9.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -37.99% | +26.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.09% | -37.99% | +23.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.26% | -37.99% | +17.73% |
Current DrawdownCurrent decline from peak | -1.16% | -36.62% | +35.46% |
Average DrawdownAverage peak-to-trough decline | -8.16% | -12.56% | +4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 19.14% | -15.97% |
Volatility
ROMO vs. GOLY - Volatility Comparison
The current volatility for Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) is 3.76%, while Strategy Shares Gold Enhanced Yield ETF (GOLY) has a volatility of 6.91%. This indicates that ROMO experiences smaller price fluctuations and is considered to be less risky than GOLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ROMO | GOLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.76% | 6.91% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 12.00% | 30.03% | -18.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 34.02% | -19.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.17% | 22.76% | -10.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 22.43% | -7.98% |
ROMO vs. GOLY - Expense Ratio Comparison
ROMO has a 0.82% expense ratio, which is higher than GOLY's 0.79% expense ratio.
Dividends
ROMO vs. GOLY - Dividend Comparison
ROMO's dividend yield for the trailing twelve months is around 8.31%, less than GOLY's 9.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GOLY Strategy Shares Gold Enhanced Yield ETF | 9.40% | 7.22% | 3.85% | 2.94% | 2.57% | 1.11% | 0.00% | 0.00% |
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF | 8.31% | 8.87% | 0.76% | 2.42% | 0.77% | 0.56% | 0.97% | 0.58% |
Frequently Asked Questions
ROMO and GOLY have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLY has higher volatility (6.91%) compared to ROMO (3.76%). In terms of maximum drawdown, ROMO dropped -28.66% vs GOLY's -37.99%.
On 5-year performance, ROMO leads with 6.47% vs 4.37% for GOLY. On fees, GOLY is cheaper at 0.79% per year. On volatility, ROMO has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ROMO has performed better with a 6.47% return vs 4.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GOLY is cheaper with a 0.79% expense ratio, compared with 0.82% for ROMO.
GOLY has the higher dividend yield at 9.40%, compared with 8.31% for ROMO.
ROMO is categorized as Momentum, while GOLY is Nontraditional Bonds. Their fees differ too: 0.82% for ROMO and 0.79% for GOLY.
ROMO currently has the higher Sharpe Ratio (1.18 vs -0.17), 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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