YGLD vs. GBUG

Last updated Jul 14, 2026

YGLD (Simplify Gold Strategy PLUS Income ETF) and GBUG (Sprott Active Gold & Silver Miners ETF) are both Gold funds. Both are actively managed. Over the past year, YGLD returned 4.85% vs 49.96% for GBUG. A 0.77 correlation means they provide meaningful diversification when combined. YGLD charges 0.50%/yr vs 0.89%/yr for GBUG.

Performance

YGLD vs. GBUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gold Strategy PLUS Income ETF (YGLD) and Sprott Active Gold & Silver Miners ETF (GBUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YGLD achieves a -20.87% return, which is significantly lower than GBUG's -13.34% return.

YGLD

• 1D: -4.09%
• 1M: -7.59%
• 6M: -28.00%
• YTD: -20.87%
• 1Y: 4.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GBUG

• 1D: -3.59%
• 1M: -6.07%
• 6M: -20.46%
• YTD: -13.34%
• 1Y: 49.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YGLD vs. GBUG - Yearly Performance Comparison

	2026 (YTD)	2025
YGLD Simplify Gold Strategy PLUS Income ETF	-20.87%	67.03%
GBUG Sprott Active Gold & Silver Miners ETF	-13.34%	122.37%

Correlation

The correlation between YGLD and GBUG is 0.80, 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	0.80
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.77

The correlation between YGLD and GBUG has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.

Return for Risk

YGLD vs. GBUG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YGLD

YGLD Risk / Return Rank: 12
YGLD Sharpe Ratio Rank: 11
YGLD Sortino Ratio Rank: 12
YGLD Omega Ratio Rank: 13
YGLD Calmar Ratio Rank: 11
YGLD Martin Ratio Rank: 11

GBUG

GBUG Risk / Return Rank: 33
GBUG Sharpe Ratio Rank: 34
GBUG Sortino Ratio Rank: 33
GBUG Omega Ratio Rank: 36
GBUG Calmar Ratio Rank: 34
GBUG Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

YGLD vs. GBUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify Gold Strategy PLUS Income ETF (YGLD) and Sprott Active Gold & Silver Miners ETF (GBUG). 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.

	YGLD	GBUG	Difference
Sharpe ratio: Return per unit of total volatility	0.12	0.99	-0.87
Sortino ratio: Return per unit of downside risk	0.43	1.44	-1.01
Omega ratio: Gain probability vs. loss probability	1.06	1.20	-0.14
Calmar ratio: Return relative to maximum drawdown	0.11	1.36	-1.25
Martin ratio: Return relative to average drawdown	0.25	3.16	-2.91

YGLD vs. GBUG - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 0.12, which is lower than the GBUG Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of YGLD and GBUG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YGLD vs. GBUG - Drawdown Comparison

The maximum YGLD drawdown since its inception was -42.90%, which is greater than GBUG's maximum drawdown of -36.90%. Use the drawdown chart below to compare losses from any high point for YGLD and GBUG.

Drawdown Indicators

	YGLD	GBUG	Difference
Max Drawdown Largest peak-to-trough decline	-42.90%	-36.90%	-6.00%
Max Drawdown (1Y) Largest decline over 1 year	-42.90%	-36.90%	-6.00%
Current Drawdown Current decline from peak	-42.90%	-34.92%	-7.98%
Average Drawdown Average peak-to-trough decline	-9.92%	-9.37%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.47%	15.88%	+3.59%

Volatility

YGLD vs. GBUG - Volatility Comparison

The current volatility for Simplify Gold Strategy PLUS Income ETF (YGLD) is 11.47%, while Sprott Active Gold & Silver Miners ETF (GBUG) has a volatility of 16.50%. This indicates that YGLD experiences smaller price fluctuations and is considered to be less risky than GBUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YGLD	GBUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.47%	16.50%	-5.03%
Volatility (6M) Calculated over the trailing 6-month period	35.91%	42.63%	-6.72%
Volatility (1Y) Calculated over the trailing 1-year period	42.25%	50.86%	-8.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.38%	48.54%	-9.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.38%	48.54%	-9.16%

YGLD vs. GBUG - Expense Ratio Comparison

YGLD has a 0.50% expense ratio, which is lower than GBUG's 0.89% expense ratio.

Dividends

YGLD vs. GBUG - Dividend Comparison

YGLD's dividend yield for the trailing twelve months is around 22.04%, more than GBUG's 1.80% yield.

Position	TTM	2025
GBUG Sprott Active Gold & Silver Miners ETF	1.80%	1.56%
YGLD Simplify Gold Strategy PLUS Income ETF	22.04%	12.05%

Frequently Asked Questions

Can I hold both YGLD and GBUG in my portfolio?

YGLD and GBUG have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YGLD or GBUG?

GBUG has higher volatility (16.50%) compared to YGLD (11.47%). In terms of maximum drawdown, YGLD dropped -42.90% vs GBUG's -36.90%.

Which ETF is better, YGLD or GBUG?

On 1-year performance, GBUG leads with 49.96% vs 4.85% for YGLD. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 11.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YGLD or GBUG?

Over the 1-year period, GBUG has performed better with a 49.96% return vs 4.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YGLD or GBUG?

YGLD is cheaper with a 0.50% expense ratio, compared with 0.89% for GBUG.

Which ETF pays a higher dividend yield, YGLD or GBUG?

YGLD has the higher dividend yield at 22.04%, compared with 1.80% for GBUG.

What is the main difference between YGLD and GBUG?

They also come from different issuers: Simplify and Sprott. Their fees differ too: 0.50% for YGLD and 0.89% for GBUG.

Which has better risk-adjusted returns?

GBUG currently has the higher Sharpe Ratio (0.99 vs 0.12), 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.