NUGY vs YGLD

NUGYDGraniteShares YieldBOOST Gold Miners ETF

YGLDCSimplify Gold Strategy PLUS Income ETF

In short

NUGY NUGY doesn't own gold or a single miner. It sells put options on a 2x daily gold miners ETF, harvesting premium from one of the most volatile corners of the gold trade, with only capped exposure to the leveraged fund itself.

YGLD Most gold-income ETFs sell calls on gold and cap its upside. YGLD flips it: up to roughly 150% gold exposure via futures, with the income coming from option spreads written on other ETFs. 0.62% a year, below the category norm.

Stated mandate

NUGY NUGY seeks income by primarily selling put options on leveraged ETFs designed to track a 2x daily version of the Arca Gold Miners Index, with secondary capped exposure to that leveraged ETF.

YGLD The Fund seeks income and capital appreciation through an actively managed gold futures strategy and an income-generating options strategy.

Why people hold it

• NUGY Unusual engine: income is generated by selling puts on a leveraged fund built to deliver 2x the daily move of gold miners, not by holding the miners.
• Anchored to a named, published benchmark, the Arca Gold Miners Index (GDM), so the underlying exposure is defined rather than discretionary.
• Standard 1940 Act fund wrapper: regular 1099 reporting, no K-1 to wait on at tax time.

• YGLD The income is not carved out of gold's upside. Rather than selling calls on gold, the fund writes put and call spreads on equity, bond and currency ETFs, and distributes monthly.sec.gov
• At 0.62% it undercuts every peer at the top of the gold-income group: IAUI at 0.79%, SLJY at 0.76%, IGLD at 0.85%, KGLD at 0.99%. Gross and net are the same figure, with no waiver holding it down.
• Futures carry the gold exposure, targeting about 150% per dollar at the start of each quarter and resetting quarterly, not daily. No daily compounding reset to track.sec.govsimplify.us

Worth knowing

• NUGY Fee of 1.07% sits above the gold-income cohort median and above peers such as IAUI (0.79%) and YGLD (0.53%).
• Selling puts swaps upside for premium: a miners rally largely passes the fund by, while a slide arrives through a 2x daily product.
• The issuer discloses payouts can include return of capital (principal coming back to you), and a late-2025 launch leaves a short track record.

• YGLD Leverage works in both directions. At roughly 150% exposure a drop in gold lands harder, and since the reset is quarterly, actual exposure drifts above or below that target in between.simplify.us
• The options sleeve carries its own separate risk: a written spread can lose up to the gap between its two strike prices, on ETFs that have nothing to do with gold.simplify.us
• Plumbing to know: up to 25% of assets sits in a wholly owned Cayman subsidiary outside 1940 Act protections, and this is one of the smaller, lighter-traded funds in its category.sec.gov

Full NUGY profile⁠

Full YGLD profile⁠