CRT vs. GLDI
Compare and contrast key facts about Cross Timbers Royalty Trust (CRT) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI).
GLDI is a passively managed fund by Credit Suisse Group AG that tracks the performance of the Credit Suisse NASDAQ Gold FLOWS 103 Index. It was launched on Jan 29, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CRT or GLDI.
Key characteristics
| CRT | GLDI | |
|---|---|---|
| YTD Return | -18.67% | 7.23% |
| 1Y Return | -27.15% | 11.15% |
| 3Y Return (Ann) | 22.31% | 4.79% |
| 5Y Return (Ann) | 12.25% | 9.13% |
| 10Y Return (Ann) | 0.21% | 4.03% |
| Sharpe Ratio | -0.65 | 1.34 |
| Daily Std Dev | 42.53% | 8.53% |
| Max Drawdown | -83.46% | -32.25% |
| Current Drawdown | -48.59% | -0.44% |
Correlation
The correlation between CRT and GLDI is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CRT vs. GLDI - Performance Comparison
In the year-to-date period, CRT achieves a -18.67% return, which is significantly lower than GLDI's 7.23% return. Over the past 10 years, CRT has underperformed GLDI with an annualized return of 0.21%, while GLDI has yielded a comparatively higher 4.03% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
CRT vs. GLDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Cross Timbers Royalty Trust (CRT) and Credit Suisse X-Links Gold Shares Covered Call ETN (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.
Dividends
CRT vs. GLDI - Dividend Comparison
CRT's dividend yield for the trailing twelve months is around 10.45%, more than GLDI's 8.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRT Cross Timbers Royalty Trust | 10.45% | 10.96% | 7.69% | 9.71% | 9.46% | 10.04% | 13.06% | 6.87% | 5.90% | 10.41% | 15.34% | 7.87% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 8.38% | 10.02% | 13.73% | 10.66% | 14.25% | 7.25% | 5.33% | 7.78% | 17.27% | 10.07% | 12.36% | 11.33% |
Drawdowns
CRT vs. GLDI - Drawdown Comparison
The maximum CRT drawdown since its inception was -83.46%, which is greater than GLDI's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for CRT and GLDI. For additional features, visit the drawdowns tool.
Volatility
CRT vs. GLDI - Volatility Comparison
Cross Timbers Royalty Trust (CRT) has a higher volatility of 12.00% compared to Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) at 3.49%. This indicates that CRT's price experiences larger fluctuations and is considered to be riskier than GLDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.