{"slug":"gold-miner-covered-call-etfs","qid":"monthly_capture","label":"Monthly price move, 2026: GDX vs the covered call wrapper GDXY","post_title":"Gold Miner Covered Call ETFs: Yield vs Upside","post_url":"/blog/gold-miner-covered-call-etfs#q-monthly_capture","columns":["month","gdx_move_pct","gdxy_move_pct"],"rows":[{"month":"2026-01","gdx_move_pct":9.9,"gdxy_move_pct":0.9},{"month":"2026-02","gdx_move_pct":23,"gdxy_move_pct":13.4},{"month":"2026-03","gdx_move_pct":-20.4,"gdxy_move_pct":-23.1},{"month":"2026-04","gdx_move_pct":-8,"gdxy_move_pct":-11.8},{"month":"2026-05","gdx_move_pct":2.7,"gdxy_move_pct":-3.6},{"month":"2026-06","gdx_move_pct":-13,"gdxy_move_pct":-15.6},{"month":"2026-07","gdx_move_pct":-1.3,"gdxy_move_pct":-5.3},{"month":"2026-08","gdx_move_pct":29.5,"gdxy_move_pct":16.4},{"month":"2026-09","gdx_move_pct":-7.3,"gdxy_move_pct":-7.9},{"month":"2026-10","gdx_move_pct":1.2,"gdxy_move_pct":1}],"shape":"series","sql":"SELECT\n    formatDateTime(toStartOfMonth(date), '%Y-%m') AS month,\n    round((argMaxIf(toFloat64(close), date, ticker = 'GDX')\n         / argMinIf(toFloat64(close), date, ticker = 'GDX') - 1) * 100, 1)   AS gdx_move_pct,\n    round((argMaxIf(toFloat64(close), date, ticker = 'GDXY')\n         / argMinIf(toFloat64(close), date, ticker = 'GDXY') - 1) * 100, 1)  AS gdxy_move_pct\nFROM global_markets.stocks_daily_aggs\nWHERE ticker IN ('GDX', 'GDXY')\n  AND date >= '2026-01-01'\nGROUP BY month\nHAVING countIf(ticker = 'GDX') > 0\n   AND countIf(ticker = 'GDXY') > 0\nORDER BY month","computed_at":"2026-10-04T15:03:40.260007+00:00","elapsed":0.00348887}