YieldMax Gold Miners Option Income Strategy ETF
$10.78−0.34 (−3.02%)
- Expense ratio
- 1.00%
- Fund size
- $326M
- 1Y return
- +14.9%
- Yield · Last 12 months
- 73.39%
- Holdings
- 14
- Volume · 30D
- 0.7M sh
- NAV per share
- $10.79
- 52W range
The ETF.net GDXY Grade
Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 37Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 25Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 67Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 70Category rank
Our read on GDXY
CMost gold-income funds write options on bullion. GDXY writes call spreads on the miners instead, collecting premium while leaving room to participate when the shares run past the spread. The option-income playbook, pointed at gold's equity cousin.
GDXY seeks weekly income by selling call spreads on the VanEck Gold Miners ETF (GDX), while retaining participation in GDX share-price appreciation.
Why people hold it
- Sells call spreads rather than plain covered calls, so upside is given up inside the strike band while moves beyond it can still come through.
- Targets gold miners (GDX) instead of the metal, unlike cohort peers IAUI, IGLD and YGLD, which build their income around gold itself.
- Actively traded for a fund launched in 2024, and it stands in the upper half of its gold-income options peer group.
- Income is distributed on a recurring schedule rather than saved for a year-end lump, which is the whole design brief here.
Worth knowing
- The 1.00% expense ratio sits right at the cohort median, and cheaper routes to gold option income exist, including YGLD at 0.53% and IAUI at 0.79%.
- Exposure is synthetic: the fund runs an options book on GDX rather than owning miner shares, so the option positions drive what holders actually get.
- Premium collected rises and falls with gold-miner volatility, and with a 2024 launch there is only a short record to judge the strategy against.
GDXY Holdings
- Other
- 14
- 105%
- United States Treasury Note/Bond 2.375% 05/15/2027
Geography
GDXY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GDXY |
|---|---|
| Year to date | +3.6% |
| 1 month | −2.3% |
| 3 months | +17.6% |
| 1 year | +14.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GDXY |
|---|---|---|
| 2026 YTD | +3.6% | |
| 2025 | +88.3% | |
| 2024 | −11.7% |
GDXY in the news
ETF.net Research hasn’t filed on GDXY yet — coverage lands here as it’s written.
GDXY Dividends
- 73.39%
- $8.15
- $0.10 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.10 |
| Sep 10, 2026 | Sep 11, 2026 | $0.12 |
| Sep 3, 2026 | Sep 4, 2026 | $0.15 |
| Aug 27, 2026 | Aug 28, 2026 | $0.24 |
| Aug 20, 2026 | Aug 21, 2026 | $0.16 |
| Aug 13, 2026 | Aug 14, 2026 | $0.15 |
| Aug 6, 2026 | Aug 7, 2026 | $0.10 |
| Jul 30, 2026 | Jul 31, 2026 | $0.10 |
| Jul 23, 2026 | Jul 24, 2026 | $0.09 |
| Jul 16, 2026 | Jul 17, 2026 | $0.09 |
| Jul 9, 2026 | Jul 10, 2026 | $0.08 |
| Jul 2, 2026 | Jul 6, 2026 | $0.08 |
GDXY Risk
- 33.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.79
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −36.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GDXY Cost
- The middle half of Gold & Metals Option Income funds
- Median 0.93%
6 of the 12 Gold & Metals Option Income funds charge less.