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Launched

Defiance Gold Enhanced Options Income ETF

GOLINasdaqDefianceDThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.

$11.39+0.16 (+1.40%)

At close: Nov 2, 2026, 4:00 PM ET

D34/ 100

Rank 10 of 12 in Gold & Metals Option Income

D34/100Rank 10 of 12inGold & Metals Option Income
Intraday session: up, 79 prints from 11.23 to 11.39. Range 11.35 to 11.50. Use the arrow keys to read each point.11.3011.3511.4511.5010 AM12 PM2 PM4 PM
Expense ratio
1.04%
Fund size
$20M
1Y total return
No data
Yield · Last 12 months
44.74%
Holdings
11
Avg volume · 30D
18.3K sh
52W range
low $5.55high $17.98
Launched

The ETF.net GOLI Grade

Based on 4 of 6 pillars

D

Score 34 out of 100

Category
Gold & Metals Option Income⁠
Rank
10 of 12
Six-pillar profile for GOLI. Scores out of 100: Cost 20, Risk 64, Mission not scored, Tradability 32, Holdings not scored, Durability 43. Strongest: Risk (64). Weakest: Cost (20). Based on 4 of 6 pillars.

Score 34 of 100 falls in the D 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.
    F20 out of 100
    Rank 10 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B64 out of 100
    Rank 4 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D32 out of 100
    Rank 9 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 9 of 12

Our read on GOLI

ETF.net Research

In short

DMost gold income funds hold the metal and sell calls. GOLI flips the trade: it builds gold exposure synthetically with options on SPDR Gold Shares, then sells at-the-money or in-the-money puts at least weekly to harvest premium. Income first, metal second.

Stated mandate

GOLI seeks current income through options while retaining indirect exposure to SPDR® Gold Shares (GLD), with potential gains limited by its strategy.

Why people hold it

  • A put-writing engine rather than a covered call: it sells puts on GLD struck at the money or up to 5% in the money at least once a week, so premium and intrinsic value both feed income.defianceetfs.com
  • Because the strikes can sit in the money, Defiance describes a payoff that can work whether gold rises, sits flat, or slips modestly from where the option was written.defianceetfs.com
  • Bullion pays no dividend and no interest. This fund's whole job is manufacturing cash flow from it, with a stated aim of income paid on a weekly cadence.defianceetfs.com

Worth knowing

  • At 1.04% it sits above the roughly 1% median for gold options-income funds, with cheaper routes in the same cohort (YGLD at 0.53%, IAUI at 0.79%), and it trades thinly, so spreads add to the tab.
  • Upside is limited by design, and you never own metal: exposure is assembled from options referencing GLD, not bullion or GLD shares.defianceetfs.com
  • Defiance discloses that payouts have included return of capital, which lowers NAV and share price over time, and the fund only launched in 2025, so the record is short.defianceetfs.com

GOLI Performance

Launched Apr 1, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
GOLI$9,683
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. GOLI $9,683. SPY $10,141. Use the arrow keys to read each point.$10,000$10,500$11,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for GOLI. Periods over one year show the average yearly return.
PeriodGOLI
Year to dateHistory unavailableNo data
1 month−5.4%
3 months−3.2%
1 yearHistory unavailableNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for GOLI
YearReturn barGOLI
2026 YTD−10.8%

History from Jun 1, 2026

GOLI in the news

GOLI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
44.74%Last 12 months
Payout per share
$5.03Last 12 months
Last payment
$0.05 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Weekly

Distribution history

2026

One bar per payment. 43 payments in 2026 YTD. Jan 8, 2026 $0.16; Jan 15, 2026 $0.17; Jan 22, 2026 $0.10; Jan 29, 2026 $0.10; Feb 5, 2026 $0.09; Feb 12, 2026 $0.10; Feb 19, 2026 $0.09; Feb 26, 2026 $0.10; Mar 5, 2026 $0.10; Mar 12, 2026 $0.10; Mar 19, 2026 $0.10; Mar 26, 2026 $0.09; Apr 2, 2026 $0.09; Apr 9, 2026 $0.09; Apr 16, 2026 $0.09; Apr 23, 2026 $0.09; Apr 30, 2026 $0.09; May 7, 2026 $0.09; May 14, 2026 $0.09; May 21, 2026 $0.08; May 28, 2026 $0.08; Jun 4, 2026 $0.08; Jun 11, 2026 $0.08; Jun 18, 2026 $0.08; Jun 25, 2026 $0.07; Jul 2, 2026 $0.07; Jul 9, 2026 $0.07; Jul 16, 2026 $0.07; Jul 23, 2026 $0.07; Jul 30, 2026 $0.07; Aug 6, 2026 $0.07; Aug 13, 2026 $0.08; Aug 20, 2026 $0.06; Aug 27, 2026 $0.07; Sep 3, 2026 $0.06; Sep 10, 2026 $0.06; Sep 17, 2026 $0.06; Sep 24, 2026 $0.06; Oct 1, 2026 $0.06; Oct 8, 2026 $0.06; Oct 15, 2026 $0.06; Oct 22, 2026 $0.06; Oct 29, 2026 $0.05. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 29, 2026Oct 30, 2026$0.05
Oct 22, 2026Oct 23, 2026$0.06
Oct 15, 2026Oct 16, 2026$0.06
Oct 8, 2026Oct 9, 2026$0.06
Oct 1, 2026Oct 2, 2026$0.06
Sep 24, 2026Sep 25, 2026$0.06
Sep 17, 2026Sep 18, 2026$0.06
Sep 10, 2026Sep 11, 2026$0.06
Sep 3, 2026Sep 4, 2026$0.06
Aug 27, 2026Aug 28, 2026$0.07
Aug 20, 2026Aug 21, 2026$0.06
Aug 13, 2026Aug 14, 2026$0.08

See all 74 payments⁠

GOLI Risk

Risk pillarB64 out of 100Rank 4 of 12 in Gold & Metals Option Income
How much the fund’s monthly returns vary, scaled to a year.
No data available
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.

Return above 3-month US Treasury bills per unit of volatility.
No data available
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.

The largest fall from a peak to the low that followed.
No data available
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.

How strongly the fund’s returns move with its asset-class index.
0.16
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

GOLI Cost

Compare GOLI and YGLD

Overpaying vs YGLD, cheapest in Gold & Metals Option Income

$8,614

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GOLI 1.04%

    $19,334

  • YGLD 0.54% Cheapest

    $10,720

$10,000
30 years

Cost over time

  • GOLI 1.04%
  • YGLD 0.54%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530GOLI $19,334YGLD $10,720

Year by year

YearGOLIYGLDOverpaying
10$1,831$971$860
20$6,867$3,724$3,143
30$19,334$10,720$8,614

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