Defiance Gold Enhanced Options Income ETF
DThis fund concentrates its exposure in one company, using derivatives rather than holding the shares directly. Its results depend on that single stock.
$12.09−0.01 (−0.05%)
- 1.04%
- $23M
- 45.35%
- 0M sh
- $12.18
- low $5.55high $18.52
The ETF.net GOLI Grade
D
Score 34 out of 100
- 10 of 12
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 100Rank 10 of 12Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B66 out of 100Rank 3 of 12Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D29 out of 100Rank 10 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.C45 out of 100Rank 9 of 12
Our read on GOLI
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.
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 Holdings
- Other
- 8
- 106%
- United States Treasury Note/Bond 2.375% 05/15/2027
GOLI 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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GOLI$10,213
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 | GOLI |
|---|---|
| Year to date | — |
| 1 month | −2.7% |
| 3 months | +2.1% |
| 1 year | — |
| 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 | GOLI |
|---|---|---|
| 2026 YTD | −5.3% |
GOLI in the news
First-Year Review
Kurv's silver fund paid $7.70 in year one and still lagged the metal
GOLI Dividends
- 45.35%
- $5.49
- $0.06 per share
- Weekly
Distribution history
GOLI Risk
- —
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.
- —
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.
- —
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.
- 0.16
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GOLI Cost
1.04%
GOLI1.04%
- The middle half of Gold & Metals Option Income funds
- Median 0.92%
9 of the 12 Gold & Metals Option Income funds charge less.
Other funds in Gold & Metals Option Income
- CGDXYYieldMax Gold Miners Option Income Strategy ETFExpense ratio 1.00%1 year return +2.2%
- 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 —
- DNUGYGraniteShares YieldBOOST Gold Miners ETFExpense ratio 1.07%1 year return —
- DGLDNNicholas Gold Income ETFExpense ratio 1.07%1 year return —