GLDW vs JAPN

Comparison between ROUNDHILL GOLD WEEKLYPAY ETF (GLDW, ETF) and HORIZON KINETICS JAPAN OWNER OPERATOR ETF (JAPN, ETF).

GLDW vs JAPN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GLDW(ETF)	JAPN(ETF)
Net Assets	$23M	$23M
Expense Ratio	N/A	0.85%
Max Drawdown	72.07%	24.13%
Sharpe Ratio	-0.60	-1.03
5Y Beta	0.98	0.71

Net Assets

GLDW

$23M

JAPN

$23M

Expense Ratio

GLDW

N/A

JAPN

0.85%

Max Drawdown

GLDW

72.07%

Winner

JAPN

24.13%

Sharpe Ratio

Winner

GLDW

-0.60

JAPN

-1.03

5Y Beta

GLDW

0.98

Winner

JAPN

0.71

GLDW vs JAPN - Holdings Comparison

GLDW and JAPN have 0 common holdings. Overlap is 0.00%

GLDW's top 25 holdings weight is 3.89%. JAPN's top 25 holdings weight is 88.65%.

Rank	GLDW	JAPN
#1	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 3.89%	FURUNO ELECTRIC CO LTD (n/a) - 9.39%
#2	N/A	JAPAN ELEVATOR SERVICE HOLDINGS CO LTD (n/a) - 4.97%
#3	N/A	FINATEXT HOLDINGS LTD (n/a) - 4.81%
#4	N/A	RESORTTRUST INC (n/a) - 4.36%
#5	N/A	M&A CAPITAL PARTNERS CO LTD (n/a) - 4.30%
#6	N/A	FURYU CORP (n/a) - 4.22%
#7	N/A	ULS GROUP INC (n/a) - 4.13%
#8	N/A	HIKARI TSUSHIN INC (n/a) - 3.82%
#9	N/A	ORO CO LTD (n/a) - 3.68%
#10	N/A	PAN PACIFIC INTERNATIONAL HOLDINGS CORP (n/a) - 3.65%
#11	N/A	VISIONAL INC ORDINARY SHARES (n/a) - 3.64%
#12	N/A	INTERNET INITIATIVE JAPAN INC (n/a) - 3.47%
#13	N/A	US BANK MMDA USBGFS 7 (n/a) - 3.34%
#14	N/A	KOTOBUKI SPIRITS CO LTD (n/a) - 3.16%
#15	N/A	KEEPER TECHNICAL LABORATORY CO LTD (n/a) - 3.03%
#16	N/A	OBIC BUSINESS CONSULTANTS CO LTD (n/a) - 2.84%
#17	N/A	YONEX CO LTD (n/a) - 2.82%
#18	N/A	IG PORT INC (n/a) - 2.67%
#19	N/A	STARTS PUBLISHING CORP (n/a) - 2.61%
#20	N/A	ALPHAPOLIS CO LTD (n/a) - 2.57%
#21	N/A	TRANSACTION CO LTD (n/a) - 2.51%
#22	N/A	SEGA SAMMY HOLDINGS INC (n/a) - 2.43%
#23	N/A	TSUBURAYA FIELDS HOLDINGS INC (n/a) - 2.29%
#24	N/A	TOWA CORP (n/a) - 2.15%
#25	N/A	MACNICA HOLDINGS INC (n/a) - 1.79%
Total Holdings	1	36

GLDW vs JAPN - Historical Returns

Returns include dividend reinvestment.

Period	GLDW	JAPN
1 month	-12.25%	-5.04%
3 months	-21.51%	-5.54%
6 months	-1.95%	-11.95%
1 year	N/A	-17.24%
5 years(CAGR)	-14.55%	N/A
10 years(CAGR)	-8.35%	N/A
Max(CAGR)	-8.35%	-9.61%

GLDW

-12.25%

Winner

JAPN

-5.04%

GLDW

-21.51%

Winner

JAPN

-5.54%

Winner

GLDW

-1.95%

JAPN

-11.95%

GLDW

N/A

JAPN

-17.24%

5Y(CAGR)

GLDW

-14.55%

JAPN

N/A

10Y(CAGR)

GLDW

-8.35%

JAPN

N/A

Max(CAGR)

Winner

GLDW

-8.35%

JAPN

-9.61%

GLDW vs JAPN - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	GLDW	JAPN
2026	-4.66%	-12.94%
2025	+7.63%	+2.79%
2019	+20.36%	N/A
2018	+3.71%	N/A
2017	+1.12%	N/A

GLDW vs JAPN Drawdown Comparison

The maximum drawdown for GLDW was -68.65%, occurring on Nov 4, 2025. This drawdown has not yet recovered.

The maximum drawdown for JAPN was -23.95%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current GLDW drawdown is -66.83%. The current JAPN drawdown is -22.36%.

Rank	GLDW	JAPN
#1	-68.65% Sep 3, 2019 - Nov 4, 2025	-23.95% Aug 18, 2025 - Mar 30, 2026
#2	-11.54% Apr 13, 2017 - Jan 31, 2019	-5.63% Jun 27, 2025 - Aug 6, 2025
#3	-4.36% Feb 24, 2017 - Apr 11, 2017	-2.90% May 27, 2025 - Jun 2, 2025
#4	-4.16% Feb 19, 2019 - Jun 3, 2019	-1.52% Jun 12, 2025 - Jun 24, 2025
#5	-2.13% Jun 25, 2019 - Jul 3, 2019	-1.34% May 20, 2025 - May 27, 2025
#6	-1.84% Jul 3, 2019 - Jul 10, 2019	-1.04% Aug 7, 2025 - Aug 18, 2025
#7	-1.49% Aug 15, 2019 - Aug 26, 2019	-1.00% Jun 2, 2025 - Jun 9, 2025
#8	-1.05% Jul 18, 2019 - Jul 29, 2019	-0.36% May 16, 2025 - May 20, 2025
#9	-0.82% Jul 10, 2019 - Jul 17, 2019	-0.07% Jun 24, 2025 - Jun 26, 2025
#10	-0.74% Jun 7, 2019 - Jun 12, 2019	N/A
#11	-0.60% Jul 30, 2019 - Aug 1, 2019	N/A
#12	-0.57% Aug 27, 2019 - Sep 3, 2019	N/A
#13	-0.44% Aug 1, 2019 - Aug 5, 2019	N/A
#14	-0.41% Aug 8, 2019 - Aug 12, 2019	N/A
#15	-0.40% Feb 8, 2017 - Feb 15, 2017	N/A