UPSD vs GDL

Comparison between APTUS LARGE CAP UPSIDE ETF (UPSD, ETF) and GDL Fund (GDL, ETF).

UPSD vs GDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UPSD(ETF)	GDL(ETF)
Net Assets	$117M	$117M
Expense Ratio	0.79%	N/A
Max Drawdown	24.04%	71.51%
Sharpe Ratio	0.98	0.24
5Y Beta	1.11	0.10
P/E Ratio	25.58	N/A
Forward P/E	20.65	N/A
PEG Ratio	0.28	N/A
5Y Dividends CAGR	N/A	-4.36%
5Y EPS CAGR	25.51%	N/A
Debt to Equity	58.20%	N/A
P/S Ratio	2.03	N/A
P/B Ratio	6.10	N/A

Net Assets

Winner

UPSD

$117M

GDL

$117M

Expense Ratio

UPSD

0.79%

GDL

N/A

Max Drawdown

Winner

UPSD

24.04%

GDL

71.51%

Sharpe Ratio

Winner

UPSD

0.98

GDL

0.24

5Y Beta

UPSD

1.11

Winner

GDL

0.10

P/E Ratio

UPSD

25.58

GDL

N/A

Forward P/E

UPSD

20.65

GDL

N/A

PEG Ratio

UPSD

0.28

GDL

N/A

5Y Dividends CAGR

UPSD

N/A

GDL

-4.36%

5Y EPS CAGR

UPSD

25.51%

GDL

N/A

Debt to Equity

UPSD

58.20%

GDL

N/A

P/S Ratio

UPSD

2.03

GDL

N/A

P/B Ratio

UPSD

6.10

GDL

N/A

UPSD vs GDL - Historical Returns

Returns include dividend reinvestment.

Period	UPSD	GDL
1 month	+5.44%	-0.24%
3 months	+6.29%	+0.59%
6 months	+8.32%	+0.76%
1 year	+19.18%	+5.52%
5 years(CAGR)	N/A	+4.49%
10 years(CAGR)	N/A	+3.83%
Max(CAGR)	+11.64%	+3.26%

Winner

UPSD

+5.44%

GDL

-0.24%

Winner

UPSD

+6.29%

GDL

+0.59%

Winner

UPSD

+8.32%

GDL

+0.76%

Winner

UPSD

+19.18%

GDL

+5.52%

5Y(CAGR)

UPSD

N/A

GDL

+4.49%

10Y(CAGR)

UPSD

N/A

GDL

+3.83%

Max(CAGR)

Winner

UPSD

+11.64%

GDL

+3.26%

UPSD vs GDL - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	UPSD	GDL
2026	+13.54%	+3.19%
2025	+12.97%	+11.53%
2024	-5.14%	+6.46%
2023	N/A	+8.16%
2022	N/A	-6.27%
2021	N/A	+8.15%
2020	N/A	-0.36%
2019	N/A	+6.91%
2018	N/A	-2.79%
2017	N/A	+4.29%
2016	N/A	+5.32%
2015	N/A	+4.44%
2014	N/A	+0.89%
2013	N/A	+6.69%
2012	N/A	+6.56%
2011	N/A	+5.01%
2010	N/A	+1.10%
2009	N/A	+17.35%
2008	N/A	-9.24%
2007	N/A	-13.32%

UPSD vs GDL Drawdown Comparison

The maximum drawdown for UPSD was -23.85%, occurring on Apr 8, 2025. Recovery took 171 trading sessions.

The maximum drawdown for GDL was -38.67%, occurring on Mar 18, 2020. Recovery took 261 trading sessions.

The current UPSD drawdown is -1.37%. The current GDL drawdown is -1.06%.

Rank	UPSD	GDL
#1	-23.85% Dec 4, 2024 - Aug 13, 2025	-38.67% Jan 15, 2020 - Jan 28, 2021
#2	-11.91% Mar 2, 2026 - May 13, 2026	-36.33% Jun 4, 2007 - Mar 17, 2011
#3	-6.19% Oct 27, 2025 - Dec 24, 2025	-14.35% Jun 28, 2011 - Sep 12, 2012
#4	-5.02% Jun 1, 2026 - Jul 6, 2026	-13.30% Oct 12, 2017 - Jan 8, 2020
#5	-3.81% Oct 8, 2025 - Oct 27, 2025	-9.51% Dec 17, 2021 - Dec 14, 2023
#6	-3.39% Jan 12, 2026 - Jan 26, 2026	-7.91% May 13, 2014 - May 13, 2015
#7	-2.03% Feb 2, 2026 - Feb 6, 2026	-7.01% Oct 5, 2012 - Jan 23, 2013
#8	-2.00% Feb 11, 2026 - Feb 24, 2026	-6.41% Jan 5, 2016 - Mar 21, 2016
#9	-1.95% Jul 16, 2026 - Jul 28, 2026	-6.00% Mar 25, 2025 - May 21, 2025
#10	-1.92% Aug 14, 2026 - Aug 20, 2026	-4.89% May 18, 2015 - Dec 22, 2015
#11	-1.59% Dec 24, 2025 - Jan 9, 2026	-4.17% May 20, 2013 - Sep 26, 2013
#12	-1.53% May 14, 2026 - May 22, 2026	-3.54% Mar 26, 2013 - May 16, 2013
#13	-1.51% Jul 28, 2026 - Jul 31, 2026	-3.34% Dec 26, 2023 - Mar 21, 2024
#14	-1.39% Aug 22, 2025 - Sep 4, 2025	-3.22% Sep 30, 2016 - Dec 20, 2016
#15	-1.33% Sep 22, 2025 - Sep 29, 2025	-3.22% Feb 2, 2026 - May 14, 2026

Correlation

Correlation between UPSD and GDL is 0.85 which considered as a strong positive correlation - the stocks tend to move together.

0.85

-101

Dividend Comparison (2007 - 2026)

UPSD vs GDL dividend yield comparison.

Year	UPSD	GDL
2026	0.33%	2.86%
2025	0.67%	5.67%
2024	0.06%	5.99%
2023	0.00%	5.97%
2022	0.00%	6.12%
2021	0.00%	5.38%
2020	0.00%	5.28%
2019	0.00%	4.30%
2018	0.00%	4.36%
2017	0.00%	5.96%
2016	0.00%	6.50%
2015	0.00%	6.39%
2014	0.00%	7.82%
2013	0.00%	11.62%
2012	0.00%	11.21%
2011	0.00%	19.85%
2010	0.00%	9.57%
2009	0.00%	8.88%
2008	0.00%	12.18%
2007	0.00%	7.50%