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Launched

Kurv Gold Enhanced Income ETF

KGLDCboeKurvC

$23.94+0.39 (+1.66%)

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

C54/ 100

Rank 4 of 12 in Gold & Metals Option Income

C54/100Rank 4 of 12inGold & Metals Option Income
Intraday session: up, 78 prints from 23.55 to 23.94. Range 23.90 to 24.13. Use the arrow keys to read each point.23.7023.8024.1010 AM12 PM2 PM4 PM
Expense ratio
0.99%
Fund size
$154M
1Y total return
−3.4%
Yield · Last 12 months
17.96%
Holdings
7
Avg volume · 30D
130K sh
52W range
low $23.47high $43.44
Launched

The ETF.net KGLD Grade

C

Score 54 out of 100

Category
Gold & Metals Option Income⁠
Rank
4 of 12
Six-pillar profile for KGLD. Scores out of 100: Cost 37, Risk 57, Mission 75, Tradability 65, Holdings 36, Durability 51. Strongest: Mission (75). Weakest: Holdings (36). Leans toward Mission.

Score 54 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 100
    Rank 7 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A75 out of 100
    Rank 1 of 6

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 5 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B65 out of 100
    Rank 4 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 4 of 6

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C51 out of 100
    Rank 7 of 12

Our read on KGLD

ETF.net Research

In short

CMost gold income funds hold metal and sell calls on it. KGLD builds the gold position out of options instead, parks the freed cash in short-dated bonds, then writes calls on top. Active, no index, monthly payouts, 0.99%.

Stated mandate

The Fund seeks to maximize total return through active management of efficient gold exposure while also generating potentially tax-efficient income.

Why people hold it

  • Gold exposure is built from options: buy calls, sell puts at matching strikes and expiries on gold ETPs. The freed collateral sits in short-dated bonds, a second income stream.sec.gov
  • Actively managed against no index. The adviser picks strikes and expiries, and may write uncovered calls when it sees volatility mispriced in the market.sec.gov
  • Bullion itself pays nothing. Here the monthly cash is manufactured from option premiums plus the bond collateral sitting behind the options.sec.gov
  • Sits in the upper half of its gold-income peer group on our review.

Worth knowing

  • Written calls limit participation once gold runs past the strike, and uncovered writing beyond the long position carries risks the prospectus spells out.sec.gov
  • 0.99% with no waiver. Near the category median, but above listed peers YGLD (0.62%) and IAUI (0.79%).
  • Launched in 2025, so the record is short. The fund discloses that payouts can include return of capital, which reduces NAV per share.sec.gov

KGLD Performance

Launched Jul 8, 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.
KGLD$9,661
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. KGLD $9,661. SPY $11,146. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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 KGLD. Periods over one year show the average yearly return.
PeriodKGLD
Year to date−11.3%
1 month−5.7%
3 months−4.9%
1 year−3.4%
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 KGLD
YearReturn barKGLD
2026 YTD−11.3%
2025+29.6%

History from Jul 9, 2025

KGLD in the news

KGLD 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 Nov 2, 2026.
17.96%Last 12 months
Payout per share
$4.30Last 12 months
Last payment
$0.35 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 15 payments from 2025 to 2026 YTD. Aug 6, 2025 $0.25; Sep 3, 2025 $0.25; Oct 8, 2025 $0.30; Nov 5, 2025 $0.30; Dec 3, 2025 $0.30; Jan 7, 2026 $0.30; Feb 4, 2026 $0.30; Mar 4, 2026 $0.45; Apr 8, 2026 $0.45; May 6, 2026 $0.40; Jun 3, 2026 $0.40; Jul 8, 2026 $0.35; Aug 5, 2026 $0.35; Sep 2, 2026 $0.35; Oct 7, 2026 $0.35. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 7, 2026Oct 8, 2026$0.35
Sep 2, 2026Sep 3, 2026$0.35
Aug 5, 2026Aug 6, 2026$0.35
Jul 8, 2026Jul 9, 2026$0.35
Jun 3, 2026Jun 4, 2026$0.40
May 6, 2026May 7, 2026$0.40
Apr 8, 2026Apr 9, 2026$0.45
Mar 4, 2026Mar 5, 2026$0.45
Feb 4, 2026Feb 5, 2026$0.30
Jan 7, 2026Jan 8, 2026$0.30
Dec 3, 2025Dec 4, 2025$0.30
Nov 5, 2025Nov 6, 2025$0.30

See all 15 payments⁠

$10,000 in KGLD 1 year ago paid $1,499 in dividends.⁠

KGLD Risk

Risk pillarB57 out of 100Rank 5 of 12 in Gold & Metals Option Income
How much the fund’s monthly returns vary, scaled to a year.
28.8%
Annualised · 15 months to Oct 2026
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.
0.36
vs 3-month T-bills · 15 months to Oct 2026
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.
−31.7%
15 months · trough Oct 2026
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.
0.42
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.

KGLD Cost

Compare KGLD and YGLD

Overpaying vs YGLD, cheapest in Gold & Metals Option Income

$7,805

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

  • KGLD 0.99%

    $18,525

  • YGLD 0.54% Cheapest

    $10,720

$10,000
30 years

Cost over time

  • KGLD 0.99%
  • 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$20K051015202530KGLD $18,525YGLD $10,720

Year by year

YearKGLDYGLDOverpaying
10$1,746$971$775
20$6,565$3,724$2,841
30$18,525$10,720$7,805

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