Defiance Gold Enhanced Options Income ETF
$12.57−0.20 (−1.53%)
- Expense ratio
- 1.04%
- Fund size
- $23M
- 1Y return
- —
- Yield · Last 12 months
- 45.12%
- Holdings
- 15
- Volume · 30D
- 0M sh
- NAV per share
- $12.69
- 52W range
The ETF.net GOLI Grade
Score 33 of 100 sits in the D 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.FScore 20Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 64Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 27Category 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.CScore 45Category rank
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
- 15
- 105%
- 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.
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 | GOLI |
|---|---|
| Year to date | — |
| 1 month | −4.0% |
| 3 months | +4.4% |
| 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 | −1.5% |
GOLI in the news
ETF.net Research hasn’t filed on GOLI yet — coverage lands here as it’s written.
GOLI Dividends
- 45.12%
- $5.76
- $0.06 per share
- Weekly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 17, 2026 | Sep 18, 2026 | $0.06 |
| Sep 10, 2026 | Sep 11, 2026 | $0.06 |
| Sep 3, 2026 | Sep 4, 2026 | $0.06 |
| Aug 27, 2026 | Aug 28, 2026 | $0.07 |
| Aug 20, 2026 | Aug 21, 2026 | $0.06 |
| Aug 13, 2026 | Aug 14, 2026 | $0.08 |
| Aug 6, 2026 | Aug 7, 2026 | $0.07 |
| Jul 30, 2026 | Jul 31, 2026 | $0.07 |
| Jul 23, 2026 | Jul 24, 2026 | $0.07 |
| Jul 16, 2026 | Jul 17, 2026 | $0.07 |
| Jul 9, 2026 | Jul 10, 2026 | $0.07 |
| Jul 2, 2026 | Jul 6, 2026 | $0.07 |
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
- The middle half of Gold & Metals Option Income funds
- Median 0.93%
9 of the 12 Gold & Metals Option Income funds charge less.