Data as of .
GLDN vs GLDW: which paid, and which earned it?
GLDN and GLDW both write options for income.
What they hold in common
By the books each fund has filed, GLDN and GLDW hold 0% of their money in the same securities at the same weight.
| Only in GLDN | Only in GLDW |
|---|---|
| SPDR Gold MiniShares Trust 30.40% | TREASURY BILL 100.00% |
| SSR Mining Inc 7.03% | |
| Franco-Nevada Corp 5.93% | |
| Newmont Corp 5.81% | |
| Kinross Gold Corp 5.80% | |
| Agnico Eagle Mines Ltd 5.66% | |
| Anglogold Ashanti Plc 5.66% | |
| Barrick Mining Corp 5.42% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and Jun 30, 2026.
Performance, window by window
| Window | Total return | Cash paid | Against the benchmark | |||
|---|---|---|---|---|---|---|
| GLDN | GLDW | GLDN | GLDW | GLDN | GLDW | |
| 3 months | +11.4% | +3.3% | 3.7% | 6.5% | +7.8 pts | −0.3 pts |
| 6 months | +9.4% | −5.5% | 7.5% | 12.4% | +12.3 pts | −2.6 pts |
| Since launch | −10.6% | +5.2% | 6.7% | 24.3% | +1.9 pts | −3.2 pts |
| GLDN Nicholas Gold Income ETF Option income on GLD, paying weekly | GLDW Roundhill Gold WeeklyPay ETF Option income on GLD, paying weekly | |
|---|---|---|
| Issuer | Nicholas | Roundhill |
| Strategy | option income | option income |
| Benchmark | Gold (GLD) | Gold (GLD) |
| Pays | weekly | weekly |
| Payout rate, annualized | 15.4% | 28.4% |
| Expense ratio | 1.07% | 0.99% |
| Cash paid, 1 year | 6.7% (since launch on Feb 18, 2026) | 24.3% (since launch on Oct 30, 2025) |
| Price change, 1 year | −17.5% | −17.4% |
| Total return, 1 year | −10.6% (since launch on Feb 18, 2026) | +5.2% (since launch on Oct 30, 2025) |
| Benchmark return, 1 year | −12.5% | +8.4% |
| Ahead or behind | +1.9 pts | −3.2 pts |
| Return of capital, latest estimate | not published | not published |
| Age | 212 days | 323 days |
| Net assets | $3m | $20m |
GLDN in plain words
Over the period since launch on Feb 18, 2026 to Sep 18, 2026, GLDN paid 6.7% of its starting value in cash distributions while its price fell 17.5%. With every distribution reinvested, the fund returned −10.6%. Gold (GLD) returned −12.5% over the same days, so a holder was ahead by 1.9 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 15.4%, paid weekly.
GLDW in plain words
Over the period since launch on Oct 30, 2025 to Sep 18, 2026, GLDW paid 24.3% of its starting value in cash distributions while its price fell 17.4%. With every distribution reinvested, the fund returned +5.2%. Gold (GLD) returned +8.4% over the same days, so a holder was behind by 3.2 pts. At its price on Sep 18, 2026 the latest distribution annualizes to 28.4%, paid weekly.
Questions people ask
- Which is cheaper, GLDN or GLDW?
- GLDN charges 1.07% a year and GLDW charges 0.99%, so GLDW is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, GLDN against GLDW, data as of Sep 18, 2026. https://etfiq.com/compare/income/gldn-vs-gldw Free to use with attribution; the underlying files are at Open data.