FGDL vs. GLDI
Compare and contrast key facts about Franklin Responsibly Sourced Gold ETF (FGDL) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI).
FGDL and GLDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FGDL is a passively managed fund by Franklin Templeton that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 30, 2022. GLDI is a passively managed fund by Credit Suisse that tracks the performance of the Credit Suisse NASDAQ Gold FLOWS 103 Index. It was launched on Jan 29, 2013. Both FGDL and GLDI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FGDL vs. GLDI - Performance Comparison
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FGDL vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 7.93% | 64.15% | 27.31% | 12.92% | 0.91% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 1.47% | 34.25% | 17.76% | 8.93% | 0.48% |
Returns By Period
In the year-to-date period, FGDL achieves a 7.93% return, which is significantly higher than GLDI's 1.47% return.
FGDL
- 1D
- 3.39%
- 1M
- -11.22%
- YTD
- 7.93%
- 6M
- 20.34%
- 1Y
- 48.63%
- 3Y*
- 33.11%
- 5Y*
- —
- 10Y*
- —
GLDI
- 1D
- 3.40%
- 1M
- -7.27%
- YTD
- 1.47%
- 6M
- 9.54%
- 1Y
- 25.68%
- 3Y*
- 19.06%
- 5Y*
- 12.36%
- 10Y*
- 9.15%
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FGDL vs. GLDI - Expense Ratio Comparison
FGDL has a 0.15% expense ratio, which is lower than GLDI's 0.65% expense ratio.
Return for Risk
FGDL vs. GLDI — Risk / Return Rank
FGDL
GLDI
FGDL vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Responsibly Sourced Gold ETF (FGDL) 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.
| FGDL | GLDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.75 | 1.86 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.16 | 2.39 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.87 | +0.77 |
Martin ratioReturn relative to average drawdown | 9.52 | 10.83 | -1.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FGDL | GLDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.75 | 1.86 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.37 | +1.15 |
Correlation
The correlation between FGDL and GLDI is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FGDL vs. GLDI - Dividend Comparison
FGDL has not paid dividends to shareholders, while GLDI's dividend yield for the trailing twelve months is around 20.58%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGDL Franklin Responsibly Sourced Gold ETF | 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 Credit Suisse X-Links Gold Shares Covered Call ETN | 20.58% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
Drawdowns
FGDL vs. GLDI - Drawdown Comparison
The maximum FGDL drawdown since its inception was -19.23%, smaller than the maximum GLDI drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for FGDL and GLDI.
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Drawdown Indicators
| FGDL | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.23% | -32.26% | +13.03% |
Max Drawdown (1Y)Largest decline over 1 year | -19.23% | -13.73% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.94% | — |
Current DrawdownCurrent decline from peak | -13.76% | -7.90% | -5.86% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -14.11% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.33% | 2.37% | +2.96% |
Volatility
FGDL vs. GLDI - Volatility Comparison
Franklin Responsibly Sourced Gold ETF (FGDL) has a higher volatility of 10.75% compared to Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) at 9.68%. This indicates that FGDL'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.
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Volatility by Period
| FGDL | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.75% | 9.68% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 24.37% | 11.89% | +12.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.00% | 13.84% | +14.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.96% | 10.97% | +7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.96% | 11.23% | +7.73% |