GLDI.L vs. AMDI.L

Last updated Jun 4, 2026

GLDI.L (IncomeShares Gold+ Yield ETP) and AMDI.L (IncomeShares AMD Options ETP) are both Derivative Income funds from Leverage Shares. Both are actively managed. At a 0.08 correlation, their price movements are largely independent. GLDI.L charges 0.35%/yr vs 0.55%/yr for AMDI.L.

Performance

GLDI.L vs. AMDI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in IncomeShares Gold+ Yield ETP (GLDI.L) and IncomeShares AMD Options ETP (AMDI.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDI.L achieves a -0.59% return, which is significantly lower than AMDI.L's 37.17% return.

GLDI.L

• 1D: -0.94%
• 1M: -2.78%
• YTD: -0.59%
• 6M: 1.32%
• 1Y: 28.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMDI.L

• 1D: 4.21%
• 1M: 23.09%
• YTD: 37.17%
• 6M: 37.25%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDI.L vs. AMDI.L - Yearly Performance Comparison

	2026 (YTD)	2025
GLDI.L IncomeShares Gold+ Yield ETP	-0.59%	30.94%
AMDI.L IncomeShares AMD Options ETP	37.17%	13.02%

Correlation

The correlation between GLDI.L and AMDI.L is 0.08, 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 (All Time) Calculated using the full available price history since Jul 1, 2025	0.08

Return for Risk

GLDI.L vs. AMDI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDI.L

GLDI.L Risk / Return Rank: 34
GLDI.L Sharpe Ratio Rank: 36
GLDI.L Sortino Ratio Rank: 31
GLDI.L Omega Ratio Rank: 38
GLDI.L Calmar Ratio Rank: 34
GLDI.L Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDI.L vs. AMDI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold+ Yield ETP (GLDI.L) and IncomeShares AMD Options ETP (AMDI.L). 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.

	GLDI.L	AMDI.L	Difference
Sharpe ratio: Return per unit of total volatility	1.29	—	—
Sortino ratio: Return per unit of downside risk	1.66	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.70	—	—
Martin ratio: Return relative to average drawdown	4.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GLDI.L	AMDI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.75	1.09	+0.66

Drawdowns

GLDI.L vs. AMDI.L - Drawdown Comparison

The maximum GLDI.L drawdown since its inception was -16.47%, smaller than the maximum AMDI.L drawdown of -45.70%. Use the drawdown chart below to compare losses from any high point for GLDI.L and AMDI.L.

Drawdown Indicators

	GLDI.L	AMDI.L	Difference
Max Drawdown Largest peak-to-trough decline	-16.47%	-45.70%	+29.23%
Max Drawdown (1Y) Largest decline over 1 year	-16.47%	—	—
Current Drawdown Current decline from peak	-14.92%	-7.33%	-7.59%
Average Drawdown Average peak-to-trough decline	-3.35%	-18.87%	+15.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.39%	—	—

Volatility

Volatility by Period

	GLDI.L	AMDI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.56%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.68%	55.61%	-33.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	55.61%	-36.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	55.61%	-36.81%

GLDI.L vs. AMDI.L - Expense Ratio Comparison

GLDI.L has a 0.35% expense ratio, which is lower than AMDI.L's 0.55% expense ratio.

Dividends

GLDI.L vs. AMDI.L - Dividend Comparison

GLDI.L's dividend yield for the trailing twelve months is around 12.72%, more than AMDI.L's 0.33% yield.

Position	TTM	2025	2024
AMDI.L IncomeShares AMD Options ETP	0.33%	0.09%	0.00%
GLDI.L IncomeShares Gold+ Yield ETP	12.72%	9.15%	1.08%

Frequently Asked Questions

Can I hold both GLDI.L and AMDI.L in my portfolio?

GLDI.L and AMDI.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLDI.L or AMDI.L?

On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDI.L or AMDI.L?

GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.55% for AMDI.L.

What is the main difference between GLDI.L and AMDI.L?

Their fees differ too: 0.35% for GLDI.L and 0.55% for AMDI.L.