SLJY vs. GDXW

Last updated Jun 4, 2026

SLJY (Amplify SILJ Covered Call ETF) and GDXW (Roundhill Gold Miners Weeklypay ETF) are both exchange-traded funds - SLJY is a Derivative Income fund actively managed by Amplify, while GDXW is a Gold fund actively managed by Roundhill. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. SLJY charges 0.75%/yr vs 0.99%/yr for GDXW.

Performance

SLJY vs. GDXW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify SILJ Covered Call ETF (SLJY) and Roundhill Gold Miners Weeklypay ETF (GDXW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SLJY achieves a 7.71% return, which is significantly higher than GDXW's -4.89% return.

SLJY

• 1D: -4.01%
• 1M: 3.34%
• YTD: 7.71%
• 6M: 15.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GDXW

• 1D: -4.02%
• 1M: -1.27%
• YTD: -4.89%
• 6M: 2.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SLJY vs. GDXW - Yearly Performance Comparison

	2026 (YTD)	2025
SLJY Amplify SILJ Covered Call ETF	7.71%	21.58%
GDXW Roundhill Gold Miners Weeklypay ETF	-4.89%	21.25%

Correlation

The correlation between SLJY and GDXW is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.93

Return for Risk

SLJY vs. GDXW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify SILJ Covered Call ETF (SLJY) and Roundhill Gold Miners Weeklypay ETF (GDXW). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SLJY	GDXW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	0.45	+1.04

Drawdowns

SLJY vs. GDXW - Drawdown Comparison

The maximum SLJY drawdown since its inception was -30.60%, smaller than the maximum GDXW drawdown of -36.83%. Use the drawdown chart below to compare losses from any high point for SLJY and GDXW.

Drawdown Indicators

	SLJY	GDXW	Difference
Max Drawdown Largest peak-to-trough decline	-30.60%	-36.83%	+6.23%
Current Drawdown Current decline from peak	-21.65%	-32.99%	+11.34%
Average Drawdown Average peak-to-trough decline	-9.60%	-13.45%	+3.85%

Volatility

Volatility by Period

	SLJY	GDXW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	49.59%	61.39%	-11.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.59%	61.39%	-11.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.59%	61.39%	-11.80%

SLJY vs. GDXW - Expense Ratio Comparison

SLJY has a 0.75% expense ratio, which is lower than GDXW's 0.99% expense ratio.

Dividends

SLJY vs. GDXW - Dividend Comparison

SLJY's dividend yield for the trailing twelve months is around 16.71%, less than GDXW's 39.39% yield.

Position	TTM	2025
GDXW Roundhill Gold Miners Weeklypay ETF	39.39%	7.48%
SLJY Amplify SILJ Covered Call ETF	16.71%	6.26%

Frequently Asked Questions

Can I hold both SLJY and GDXW in my portfolio?

With a correlation of 0.93, SLJY and GDXW move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SLJY or GDXW?

On fees, SLJY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SLJY or GDXW?

SLJY is cheaper with a 0.75% expense ratio, compared with 0.99% for GDXW.

Which ETF pays a higher dividend yield, SLJY or GDXW?

GDXW has the higher dividend yield at 39.39%, compared with 16.71% for SLJY.

What is the main difference between SLJY and GDXW?

SLJY is categorized as Derivative Income, while GDXW is Gold. They also come from different issuers: Amplify and Roundhill. Their fees differ too: 0.75% for SLJY and 0.99% for GDXW.