YMAG.L vs. GLDE.L

Last updated Apr 2, 2026

Compare and contrast key facts about YieldMax Big Tech Option Income UCITS ETF (YMAG.L) and IncomeShares Gold + Yield ETP GBP (GLDE.L).

YMAG.L and GLDE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YMAG.L is an actively managed fund by YieldMax. It was launched on Mar 25, 2025. GLDE.L is an actively managed fund by Leverage Shares. It was launched on Jul 18, 2024.

Performance

YMAG.L vs. GLDE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in YieldMax Big Tech Option Income UCITS ETF (YMAG.L) and IncomeShares Gold + Yield ETP GBP (GLDE.L). The values are adjusted to include any dividend payments, if applicable.

YMAG.L vs. GLDE.L - Yearly Performance Comparison

	2026 (YTD)	2025
YMAG.L YieldMax Big Tech Option Income UCITS ETF	-14.04%	17.67%
GLDE.L IncomeShares Gold + Yield ETP GBP	1.61%	30.76%

Different Trading Currencies

YMAG.L is traded in USD, while GLDE.L is traded in GBp. To make them comparable, the GLDE.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, YMAG.L achieves a -14.04% return, which is significantly lower than GLDE.L's 1.61% return.

YMAG.L

• 1D: 2.45%
• 1M: -2.00%
• YTD: -14.04%
• 6M: -16.05%
• 1Y: 4.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDE.L

• 1D: 1.06%
• 1M: -10.88%
• YTD: 1.61%
• 6M: 10.88%
• 1Y: 29.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YMAG.L vs. GLDE.L - Expense Ratio Comparison

YMAG.L has a 0.99% expense ratio, which is higher than GLDE.L's 0.35% expense ratio.

YMAG.L

YieldMax Big Tech Option Income UCITS ETF

GLDE.L

IncomeShares Gold + Yield ETP GBP

Return for Risk

YMAG.L vs. GLDE.L — Risk / Return Rank

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

YMAG.L

YMAG.L Risk / Return Rank: 16
YMAG.L Sharpe Ratio Rank: 16
YMAG.L Sortino Ratio Rank: 17
YMAG.L Omega Ratio Rank: 16
YMAG.L Calmar Ratio Rank: 15
YMAG.L Martin Ratio Rank: 15

GLDE.L

GLDE.L Risk / Return Rank: 60
GLDE.L Sharpe Ratio Rank: 63
GLDE.L Sortino Ratio Rank: 56
GLDE.L Omega Ratio Rank: 63
GLDE.L Calmar Ratio Rank: 57
GLDE.L Martin Ratio Rank: 59

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.

YMAG.L vs. GLDE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for YieldMax Big Tech Option Income UCITS ETF (YMAG.L) and IncomeShares Gold + Yield ETP GBP (GLDE.L). 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.

	YMAG.L	GLDE.L	Difference
Sharpe ratio Return per unit of total volatility	0.21	1.27	-1.06
Sortino ratio Return per unit of downside risk	0.45	1.63	-1.19
Omega ratio Gain probability vs. loss probability	1.06	1.25	-0.19
Calmar ratio Return relative to maximum drawdown	0.18	1.59	-1.41
Martin ratio Return relative to average drawdown	0.49	6.02	-5.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YMAG.L vs. GLDE.L - Sharpe Ratio Comparison

The current YMAG.L Sharpe Ratio is 0.21, which is lower than the GLDE.L Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of YMAG.L and GLDE.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YMAG.L	GLDE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	1.27	-1.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	1.65	-1.60

Correlation

The correlation between YMAG.L and GLDE.L is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

YMAG.L vs. GLDE.L - Dividend Comparison

YMAG.L's dividend yield for the trailing twelve months is around 25.37%, more than GLDE.L's 4.70% yield.

	TTM	2025	2024
YMAG.L YieldMax Big Tech Option Income UCITS ETF	25.37%	17.22%	0.00%
GLDE.L IncomeShares Gold + Yield ETP GBP	4.70%	4.82%	0.38%

Drawdowns

YMAG.L vs. GLDE.L - Drawdown Comparison

The maximum YMAG.L drawdown since its inception was -23.01%, which is greater than GLDE.L's maximum drawdown of -18.64%. Use the drawdown chart below to compare losses from any high point for YMAG.L and GLDE.L.

Drawdown Indicators

	YMAG.L	GLDE.L	Difference
Max Drawdown Largest peak-to-trough decline	-23.01%	-16.63%	-6.38%
Max Drawdown (1Y) Largest decline over 1 year	-23.01%	-16.63%	-6.38%
Current Drawdown Current decline from peak	-20.45%	-10.21%	-10.24%
Average Drawdown Average peak-to-trough decline	-5.89%	-2.34%	-3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.57%	4.21%	+4.36%

Volatility

YMAG.L vs. GLDE.L - Volatility Comparison

The current volatility for YieldMax Big Tech Option Income UCITS ETF (YMAG.L) is 5.70%, while IncomeShares Gold + Yield ETP GBP (GLDE.L) has a volatility of 9.77%. This indicates that YMAG.L experiences smaller price fluctuations and is considered to be less risky than GLDE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YMAG.L	GLDE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	9.77%	-4.07%
Volatility (6M) Calculated over the trailing 6-month period	14.24%	19.48%	-5.24%
Volatility (1Y) Calculated over the trailing 1-year period	22.14%	23.31%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.39%	19.90%	+2.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.39%	19.90%	+2.49%