YieldMax Gold Miners Option Income Strategy ETF
CThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$9.87−0.13 (−1.30%)
- 1.00%
- $312M
- +2.2%
- 73.94%
- 0.7M sh
- $10.06
- low $9.27high $18.89
The ETF.net GDXY Grade
C
Score 42 out of 100
- 7 of 12
Score 42 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 7 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.D34 out of 100Rank 5 of 6Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D37 out of 100Rank 8 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 3 of 12Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 3 of 12
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
- 11
- 107%
- United States Treasury Note/Bond 2.375% 05/15/2027
Geography
- United States100.00%
GDXY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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GDXY$10,222
Returns run to the Oct 12, 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 | −4.5% |
| 1 month | −6.6% |
| 3 months | +14.8% |
| 1 year | +2.2% |
| 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 | −4.5% | |
| 2025 | +88.3% | |
| 2024 | −11.7% |
GDXY in the news
First-Year Review
Kurv's silver fund paid $7.70 in year one and still lagged the metal
GDXY Dividends
- 73.94%
- $7.39
- $0.08 per share
- Weekly
Distribution history
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.
- 0.67
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
1.00%
GDXY1.00%
- The middle half of Gold & Metals Option Income funds
- Median 0.92%
8 of the 12 Gold & Metals Option Income funds charge less.
Other funds in Gold & Metals Option Income
- CGOLYStrategy Shares Gold Enhanced Yield ETFExpense ratio 0.79%1 year return −23.4%
- CYGLDSimplify Gold Strategy PLUS Income ETFExpense ratio 0.53%1 year return −12.6%
- CKSLVKurv Silver Enhanced Income ETFExpense ratio 0.99%1 year return +16.5%
- CSLVYFirst Trust Exchange -Traded Fund - FT Vest Silver Strategy & Target Income ETFExpense ratio 0.85%1 year return —
- DGOLIDefiance Gold Enhanced Options Income ETFExpense ratio 1.04%1 year return —