GLDW
Roundhill Gold WeeklyPay ETF
2026-07-09
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BATS · Active · options-income
GLDW
Roundhill Gold WeeklyPay ETF
Roundhill Financial Inc.
Verdict
PASS
Weighted score · 2.60 / 5
AUM
$21M
assets under mgmt
Avg Volume
13K
shares · daily
Distribution
23.4%
Weekly · 100% ROC
Expense Ratio
0.99%
0.99% gross
1Y Return
—
vs underlying
Sharpe
0.09
Max DD -32.3%
Fund Identity
What it is, who runs it, where it lives.
The Fund's primary investment objective is to pay weekly distributions.
GLDW is an actively managed ETF that seeks to achieve 1.2x (120%) the calendar week total return of shares of the SPDR® Gold Trust (GLD) primarily through total return swap agreements referencing GLD, as well as direct shares of GLD. The Fund invests at least 80% of net assets in GLD swaps and GLD shares, with remaining assets in short-term U.S. Treasury securities, Treasury ETFs, and money market funds used as collateral. Leverage exposure is reset to 1.2x at the close of the last business day of each calendar week. The Fund also makes weekly distribution payments, which are expected to consist largely of return of capital.
Ticker
GLDW
Issuer
Roundhill Financial Inc.
Exchange
BATS
Inception
2025-11-04 · 0.6 yrs
Mgmt style
Active
Replication
Synthetic (swap-based) with direct ETF shares; total return swaps referencing GLD plus direct GLD shares
Index-based
—
Leverage
1.2x
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Commodity
actively managed
OPTIONS OVERLAY
Strategy
Covered Calls
generates income
Underlying
Individual stocks
income exposure
WEEKLY
23.4%
DIST. RATE
100% ROC
Ordinary Income
Underlying
—
Strategy
—
Tax
Ordinary Income
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · OCT '25 – JUN '26
max DD -32.3% $41.84
OCT '25JUN '26
Max DD
-32.3%
Volatility
37.5%
Sharpe
0.09
Sortino
0.12
Calmar
—
Beta
—
Flat-NAV reinvestment hurdle
83.2%
Share of each distribution you’d need to reinvest just to hold NAV flat. Higher means more of the yield is your own capital coming back.
1Y vs Underlying
—
Tracking err.
—
Yield on cost
19.6%
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
100%
ROC
Return of Capital — mixed100%
Net Investment Income0%
Frequency
Weekly
Dist. rate
23.40%
ROC %
100%
30-day SEC
not reported
Consistency
2 w/o cut
YOC · 1yr-ago buyer
19.1%
Tax Treatment — Ordinary Income
ORDINARY INCOME
Distribution Composition (Recent)
100% Return of Capital
ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.
Composition · Narrative
Per the fund's most recent 19a-1 notice (as stated on the issuer fund page), the estimated distribution is 100% return of capital.
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
+3.6% 1M -40.0% 3M -36.2% 6M
Latest Distribution Schedule
Record date
2026-06-22
Ex-dividend
2026-06-22
Pay date
—
Payback Period
4.3 yr
Dist. Since Incep.
$9.8
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs S&P 500
No sector feed for this fund.
Holdings
3
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
No moving-average series.
Price $41.84
50-DMA $—
200-DMA $—
Liquidity
Avg daily volume
13K
Avg dollar volume
$579,509
Bid/ask spread
0.16%
Premium/discount
—
Turnover
0%
Estimated bid/ask spread ~0.16% (moderate). Average daily dollar volume ~$0.6M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Stable. Source: shares×price (Massive, monthly).
AUM ($)
$21M
$26M$17M$8M
NOV '25JUN '26
SOURCES  Massive market-data API, SEC EDGAR filings, issuer disclosures.
GLDW · 2026-06-27
Prepared by denvereyon
Research aid, not investment advice.