TEST vs. GDXY
TEST (YieldMax TSLA Performance & Distribution Target 25 ETF) and GDXY (YieldMax Gold Miners Option Income Strategy ETF) are both Derivative Income funds from YieldMax. At a 0.37 correlation, their price movements are largely independent. TEST charges 1.01%/yr vs 0.99%/yr for GDXY.
Performance
TEST vs. GDXY - Performance Comparison
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Returns By Period
In the year-to-date period, TEST achieves a -8.43% return, which is significantly higher than GDXY's -12.74% return.
TEST
- 1D
- -4.27%
- 1M
- -0.51%
- YTD
- -8.43%
- 6M
- -10.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDXY
- 1D
- -7.88%
- 1M
- -13.20%
- YTD
- -12.74%
- 6M
- -9.02%
- 1Y
- 21.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEST vs. GDXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TEST YieldMax TSLA Performance & Distribution Target 25 ETF | -8.43% | 9.05% |
GDXY YieldMax Gold Miners Option Income Strategy ETF | -12.74% | 9.86% |
Correlation
The correlation between TEST and GDXY is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 19, 2025 | 0.37 |
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Return for Risk
TEST vs. GDXY — Risk / Return Rank
TEST
GDXY
TEST vs. GDXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax TSLA Performance & Distribution Target 25 ETF (TEST) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| TEST | GDXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.63 | -0.63 |
Drawdowns
TEST vs. GDXY - Drawdown Comparison
The maximum TEST drawdown since its inception was -23.35%, smaller than the maximum GDXY drawdown of -29.95%. Use the drawdown chart below to compare losses from any high point for TEST and GDXY.
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Drawdown Indicators
| TEST | GDXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.35% | -29.95% | +6.60% |
Max Drawdown (1Y)Largest decline over 1 year | — | -29.95% | — |
Current DrawdownCurrent decline from peak | -14.44% | -29.95% | +15.51% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -6.48% | -3.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.22% | — |
Volatility
TEST vs. GDXY - Volatility Comparison
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Volatility by Period
| TEST | GDXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.00% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.46% | 37.47% | -5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.46% | 32.18% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.46% | 32.18% | +0.28% |
TEST vs. GDXY - Expense Ratio Comparison
TEST has a 1.01% expense ratio, which is higher than GDXY's 0.99% expense ratio.
Dividends
TEST vs. GDXY - Dividend Comparison
TEST's dividend yield for the trailing twelve months is around 14.42%, less than GDXY's 80.78% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GDXY YieldMax Gold Miners Option Income Strategy ETF | 80.78% | 52.13% | 23.91% |
TEST YieldMax TSLA Performance & Distribution Target 25 ETF | 14.42% | 2.50% | 0.00% |
Frequently Asked Questions
TEST and GDXY have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDXY is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDXY is cheaper with a 0.99% expense ratio, compared with 1.01% for TEST.
GDXY has the higher dividend yield at 80.78%, compared with 14.42% for TEST.
Their fees differ too: 1.01% for TEST and 0.99% for GDXY.
Find the right allocation for TEST and GDXY
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