AMUB vs. GLDI
AMUB (ETRACS Alerian MLP Index ETN Class B) and GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) are both exchange-traded funds - AMUB is a MLPs fund tracking the Alerian MLP Index, while GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index. Both are passively managed. Over the past 10 years, AMUB returned 2.79%/yr vs 7.83%/yr for GLDI. At a 0.09 correlation, their price movements are largely independent. AMUB charges 0.80%/yr vs 0.65%/yr for GLDI.
Performance
AMUB vs. GLDI - Performance Comparison
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Returns By Period
In the year-to-date period, AMUB achieves a 14.01% return, which is significantly higher than GLDI's -4.45% return. Over the past 10 years, AMUB has underperformed GLDI with an annualized return of 2.79%, while GLDI has yielded a comparatively higher 7.83% annualized return.
AMUB
- 1D
- 1.92%
- 1M
- -7.94%
- YTD
- 14.01%
- 6M
- 13.63%
- 1Y
- 13.10%
- 3Y*
- 15.44%
- 5Y*
- 11.55%
- 10Y*
- 2.79%
GLDI
- 1D
- -1.62%
- 1M
- -7.19%
- YTD
- -4.45%
- 6M
- -5.42%
- 1Y
- 11.67%
- 3Y*
- 17.47%
- 5Y*
- 10.96%
- 10Y*
- 7.83%
AMUB vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 14.01% | 2.05% | 15.68% | 16.89% | 21.91% | 28.83% | -36.47% | -1.78% | -19.25% | -13.07% |
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.45% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 23.50% | 14.40% | -0.54% | 8.94% |
Correlation
The correlation between AMUB and GLDI is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.09 |
The correlation between AMUB and GLDI shifts across timeframes, from -0.06 (1 year) to 0.13 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AMUB vs. GLDI — Risk / Return Rank
AMUB
GLDI
AMUB vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS Alerian MLP Index ETN Class B (AMUB) and UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMUB | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.16 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.24 | 0.83 | +0.41 |
| Martin ratioReturn relative to average drawdown | 3.36 | 2.73 | +0.63 |
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Drawdowns
AMUB vs. GLDI - Drawdown Comparison
The maximum AMUB drawdown since its inception was -79.46%, which is greater than GLDI's maximum drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for AMUB and GLDI.
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Drawdown Indicators
| AMUB | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.46% | -32.26% | -47.20% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -14.14% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.22% | -14.14% | -3.08% |
Max Drawdown (5Y)Largest decline over 5 years | -20.58% | -14.14% | -6.44% |
Max Drawdown (10Y)Largest decline over 10 years | -78.86% | -14.94% | -63.92% |
Current DrawdownCurrent decline from peak | -8.53% | -13.28% | +4.75% |
Average DrawdownAverage peak-to-trough decline | -29.11% | -13.99% | -15.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.92% | 4.30% | -0.38% |
Volatility
AMUB vs. GLDI - Volatility Comparison
The current volatility for ETRACS Alerian MLP Index ETN Class B (AMUB) is 5.28%, while UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) has a volatility of 7.18%. This indicates that AMUB experiences smaller price fluctuations and is considered to be less risky than GLDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMUB | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.28% | 7.18% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 14.58% | -4.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.85% | 15.99% | -2.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.12% | 11.58% | +8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.13% | 11.52% | +15.61% |
AMUB vs. GLDI - Expense Ratio Comparison
AMUB has a 0.80% expense ratio, which is higher than GLDI's 0.65% expense ratio.
Dividends
AMUB vs. GLDI - Dividend Comparison
AMUB has not paid dividends to shareholders, while GLDI's dividend yield for the trailing twelve months is around 26.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMUB ETRACS Alerian MLP Index ETN Class B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | 26.67% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
Frequently Asked Questions
AMUB and GLDI have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDI has higher volatility (7.18%) compared to AMUB (5.28%). In terms of maximum drawdown, AMUB dropped -79.46% vs GLDI's -32.26%.
On 10-year performance, GLDI leads with 7.83% vs 2.79% for AMUB. On fees, GLDI is cheaper at 0.65% per year. On volatility, AMUB has been the lower-risk option at 5.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLDI has performed better with a 7.83% return vs 2.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDI is cheaper with a 0.65% expense ratio, compared with 0.80% for AMUB.
GLDI has the higher dividend yield at 26.67%, compared with 0.00% for AMUB.
AMUB is categorized as MLPs, while GLDI is Gold. AMUB tracks Alerian MLP Index, while GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index. Their fees differ too: 0.80% for AMUB and 0.65% for GLDI.
AMUB currently has the higher Sharpe Ratio (0.96 vs 0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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