YOLO vs. GDX

Last updated Jul 14, 2026

YOLO (AdvisorShares Pure Cannabis ETF) and GDX (VanEck Gold Miners ETF) are both exchange-traded funds - YOLO is a Cannabis fund actively managed by AdvisorShares, while GDX is a Gold fund tracking the NYSE MarketVector Global Gold Miners Index. YOLO is actively managed, while GDX is passively managed. Over the past 5 years, YOLO returned -31.91%/yr vs 17.75%/yr for GDX. At a 0.18 correlation, their price movements are largely independent. YOLO charges 0.75%/yr vs 0.51%/yr for GDX.

Performance

YOLO vs. GDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Pure Cannabis ETF (YOLO) and VanEck Gold Miners ETF (GDX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YOLO achieves a -18.79% return, which is significantly lower than GDX's -14.46% return.

YOLO

• 1D: -1.64%
• 1M: -10.07%
• 6M: -20.71%
• YTD: -18.79%
• 1Y: 24.65%
• 3Y*: -0.23%
• 5Y*: -31.91%
• 10Y*: —

GDX

• 1D: -2.86%
• 1M: -8.32%
• 6M: -23.35%
• YTD: -14.46%
• 1Y: 40.98%
• 3Y*: 33.47%
• 5Y*: 17.75%
• 10Y*: 10.48%

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

YOLO vs. GDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
YOLO AdvisorShares Pure Cannabis ETF	-18.79%	36.36%	-17.81%	-15.10%	-72.21%	-20.48%	47.17%	-51.27%
GDX VanEck Gold Miners ETF	-14.46%	154.77%	10.63%	9.98%	-9.01%	-9.52%	23.66%	36.16%

Correlation

The correlation between YOLO and GDX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	0.18

Return for Risk

YOLO vs. GDX — Risk / Return Rank

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

YOLO

YOLO Risk / Return Rank: 19
YOLO Sharpe Ratio Rank: 15
YOLO Sortino Ratio Rank: 25
YOLO Omega Ratio Rank: 23
YOLO Calmar Ratio Rank: 18
YOLO Martin Ratio Rank: 15

GDX

GDX Risk / Return Rank: 28
GDX Sharpe Ratio Rank: 29
GDX Sortino Ratio Rank: 28
GDX Omega Ratio Rank: 31
GDX Calmar Ratio Rank: 28
GDX Martin Ratio Rank: 25

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.

YOLO vs. GDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Pure Cannabis ETF (YOLO) and VanEck Gold Miners ETF (GDX). 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.

	YOLO	GDX	Difference
Sharpe ratio: Return per unit of total volatility	0.33	0.86	-0.53
Sortino ratio: Return per unit of downside risk	1.15	1.31	-0.16
Omega ratio: Gain probability vs. loss probability	1.14	1.18	-0.04
Calmar ratio: Return relative to maximum drawdown	0.60	1.12	-0.52
Martin ratio: Return relative to average drawdown	1.02	2.59	-1.57

YOLO vs. GDX - Sharpe Ratio Comparison

The current YOLO Sharpe Ratio is 0.33, which is lower than the GDX Sharpe Ratio of 0.86. The chart below compares the historical Sharpe Ratios of YOLO and GDX, 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

YOLO vs. GDX - Drawdown Comparison

The maximum YOLO drawdown since its inception was -94.68%, which is greater than GDX's maximum drawdown of -80.34%. Use the drawdown chart below to compare losses from any high point for YOLO and GDX.

Drawdown Indicators

	YOLO	GDX	Difference
Max Drawdown Largest peak-to-trough decline	-94.68%	-80.34%	-14.34%
Max Drawdown (1Y) Largest decline over 1 year	-41.09%	-36.66%	-4.43%
Max Drawdown (3Y) Largest decline over 3 years	-66.45%	-36.66%	-29.79%
Max Drawdown (5Y) Largest decline over 5 years	-91.69%	-46.51%	-45.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.79%	—
Current Drawdown Current decline from peak	-90.50%	-36.66%	-53.84%
Average Drawdown Average peak-to-trough decline	-69.21%	-40.39%	-28.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.14%	15.85%	+8.29%

Volatility

YOLO vs. GDX - Volatility Comparison

AdvisorShares Pure Cannabis ETF (YOLO) and VanEck Gold Miners ETF (GDX) have volatilities of 14.74% and 14.73%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YOLO	GDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.74%	14.73%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	38.70%	39.96%	-1.26%
Volatility (1Y) Calculated over the trailing 1-year period	75.51%	48.08%	+27.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.01%	37.07%	+16.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.31%	37.36%	+13.95%

YOLO vs. GDX - Expense Ratio Comparison

YOLO has a 0.75% expense ratio, which is higher than GDX's 0.51% expense ratio.

Dividends

YOLO vs. GDX - Dividend Comparison

YOLO has not paid dividends to shareholders, while GDX's dividend yield for the trailing twelve months is around 0.86%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDX VanEck Gold Miners ETF	0.86%	0.74%	1.19%	1.61%	1.66%	1.67%	0.53%	0.67%	0.50%	0.76%	0.26%	0.85%
YOLO AdvisorShares Pure Cannabis ETF	0.00%	0.00%	3.57%	1.17%	0.55%	3.93%	2.03%	4.52%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YOLO and GDX in my portfolio?

YOLO and GDX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YOLO or GDX?

YOLO has higher volatility (14.74%) compared to GDX (14.73%). In terms of maximum drawdown, YOLO dropped -94.68% vs GDX's -80.34%.

Which ETF is better, YOLO or GDX?

On 5-year performance, GDX leads with 17.75% vs -31.91% for YOLO. On fees, GDX is cheaper at 0.51% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YOLO or GDX?

Over the 5-year period, GDX has performed better with a 17.75% return vs -31.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YOLO or GDX?

GDX is cheaper with a 0.51% expense ratio, compared with 0.75% for YOLO.

Which ETF pays a higher dividend yield, YOLO or GDX?

GDX has the higher dividend yield at 0.86%, compared with 0.00% for YOLO.

What is the main difference between YOLO and GDX?

YOLO is categorized as Cannabis, while GDX is Gold. They also come from different issuers: AdvisorShares and VanEck. Their fees differ too: 0.75% for YOLO and 0.51% for GDX.

Which has better risk-adjusted returns?

GDX currently has the higher Sharpe Ratio (0.86 vs 0.33), 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.