SGOL vs. GLDY
SGOL (abrdn Physical Gold Shares ETF) and GLDY (Defiance Gold Enhanced Options Income ETF) are both exchange-traded funds - SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while GLDY is a Derivative Income fund actively managed by Defiance. SGOL is passively managed, while GLDY is actively managed. Over the past year, SGOL returned 32.57% vs 13.41% for GLDY. Their correlation of 0.89 suggests significant overlap in exposure. SGOL charges 0.17%/yr vs 0.99%/yr for GLDY.
Performance
SGOL vs. GLDY - Performance Comparison
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Returns By Period
In the year-to-date period, SGOL achieves a 3.85% return, which is significantly higher than GLDY's -1.92% return.
SGOL
- 1D
- 0.85%
- 1M
- -1.66%
- YTD
- 3.85%
- 6M
- 6.30%
- 1Y
- 32.57%
- 3Y*
- 31.48%
- 5Y*
- 18.60%
- 10Y*
- 13.40%
GLDY
- 1D
- 0.39%
- 1M
- -1.62%
- YTD
- -1.92%
- 6M
- -0.12%
- 1Y
- 13.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOL vs. GLDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SGOL abrdn Physical Gold Shares ETF | 3.85% | 37.81% |
GLDY Defiance Gold Enhanced Options Income ETF | -1.92% | 15.40% |
Correlation
The correlation between SGOL and GLDY is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 2025 | 0.89 |
The correlation between SGOL and GLDY has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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Return for Risk
SGOL vs. GLDY — Risk / Return Rank
SGOL
GLDY
SGOL vs. GLDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) and Defiance Gold Enhanced Options Income ETF (GLDY). 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.
| SGOL | GLDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.00 | +0.71 |
| Martin ratioReturn relative to average drawdown | 4.20 | 2.37 | +1.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGOL | GLDY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.68 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.57 | -0.02 |
Drawdowns
SGOL vs. GLDY - Drawdown Comparison
The maximum SGOL drawdown since its inception was -45.51%, which is greater than GLDY's maximum drawdown of -13.43%. Use the drawdown chart below to compare losses from any high point for SGOL and GLDY.
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Drawdown Indicators
| SGOL | GLDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -13.43% | -32.08% |
Max Drawdown (1Y)Largest decline over 1 year | -19.14% | -13.43% | -5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -20.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -21.56% | — | — |
Current DrawdownCurrent decline from peak | -17.02% | -12.78% | -4.24% |
Average DrawdownAverage peak-to-trough decline | -18.41% | -3.94% | -14.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 5.67% | +2.11% |
Volatility
SGOL vs. GLDY - Volatility Comparison
abrdn Physical Gold Shares ETF (SGOL) has a higher volatility of 5.47% compared to Defiance Gold Enhanced Options Income ETF (GLDY) at 4.53%. This indicates that SGOL's price experiences larger fluctuations and is considered to be riskier than GLDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOL | GLDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 4.53% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 22.94% | 18.28% | +4.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.32% | 19.87% | +6.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.88% | 19.55% | -1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.91% | 19.55% | -3.64% |
SGOL vs. GLDY - Expense Ratio Comparison
SGOL has a 0.17% expense ratio, which is lower than GLDY's 0.99% expense ratio.
Dividends
SGOL vs. GLDY - Dividend Comparison
SGOL has not paid dividends to shareholders, while GLDY's dividend yield for the trailing twelve months is around 47.09%.
| Position | TTM | 2025 |
|---|---|---|
GLDY Defiance Gold Enhanced Options Income ETF | 47.09% | 37.38% |
SGOL abrdn Physical Gold Shares ETF | 0.00% | 0.00% |
Frequently Asked Questions
SGOL and GLDY have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGOL has higher volatility (5.47%) compared to GLDY (4.53%). In terms of maximum drawdown, SGOL dropped -45.51% vs GLDY's -13.43%.
On 1-year performance, SGOL leads with 32.57% vs 13.41% for GLDY. On fees, SGOL is cheaper at 0.17% per year. On volatility, GLDY has been the lower-risk option at 4.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SGOL has performed better with a 32.57% return vs 13.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOL is cheaper with a 0.17% expense ratio, compared with 0.99% for GLDY.
GLDY has the higher dividend yield at 47.09%, compared with 0.00% for SGOL.
SGOL is categorized as Gold, while GLDY is Derivative Income. They also come from different issuers: abrdn and Defiance. Their fees differ too: 0.17% for SGOL and 0.99% for GLDY.
SGOL currently has the higher Sharpe Ratio (1.24 vs 0.68), 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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