GLDI.L vs. WINC.L
GLDI.L (IncomeShares Gold+ Yield ETP) and WINC.L (iShares World Equity High Income Active UCITS ETF USD (Dist)) are both exchange-traded funds - GLDI.L is a Derivative Income fund actively managed by Leverage Shares, while WINC.L is a Dividend fund actively managed by iShares. Both are actively managed. Over the past year, GLDI.L returned 9.54% vs 21.03% for WINC.L. At a 0.17 correlation, their price movements are largely independent. Both charge a 0.35% expense ratio.
Performance
GLDI.L vs. WINC.L - Performance Comparison
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Different Trading Currencies
GLDI.L is traded in USD, while WINC.L is traded in GBP. To make them comparable, the WINC.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, GLDI.L achieves a -12.00% return, which is significantly lower than WINC.L's 9.65% return.
GLDI.L
- 1D
- 0.00%
- 1M
- -6.04%
- 6M
- -17.66%
- YTD
- -12.00%
- 1Y
- 9.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WINC.L
- 1D
- -1.83%
- 1M
- 0.19%
- 6M
- 8.05%
- YTD
- 9.65%
- 1Y
- 21.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDI.L vs. WINC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | -12.00% | 56.02% | 2.95% |
WINC.L iShares World Equity High Income Active UCITS ETF USD (Dist) | 9.65% | 20.31% | 6.73% |
Correlation
The correlation between GLDI.L and WINC.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | 0.17 |
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Return for Risk
GLDI.L vs. WINC.L — Risk / Return Rank
GLDI.L
WINC.L
GLDI.L vs. WINC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares Gold+ Yield ETP (GLDI.L) and iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.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.
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.
| GLDI.L | WINC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.16 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.35 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 3.00 | -2.61 |
| Martin ratioReturn relative to average drawdown | 0.88 | 12.99 | -12.11 |
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Drawdowns
GLDI.L vs. WINC.L - Drawdown Comparison
The maximum GLDI.L drawdown since its inception was -24.40%, which is greater than WINC.L's maximum drawdown of -15.16%. Use the drawdown chart below to compare losses from any high point for GLDI.L and WINC.L.
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Drawdown Indicators
| GLDI.L | WINC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.40% | -15.16% | -9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -24.40% | -6.98% | -17.42% |
Current DrawdownCurrent decline from peak | -24.12% | -1.83% | -22.29% |
Average DrawdownAverage peak-to-trough decline | -5.06% | -1.47% | -3.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.77% | 1.62% | +9.15% |
Volatility
GLDI.L vs. WINC.L - Volatility Comparison
IncomeShares Gold+ Yield ETP (GLDI.L) has a higher volatility of 5.92% compared to iShares World Equity High Income Active UCITS ETF USD (Dist) (WINC.L) at 3.54%. This indicates that GLDI.L's price experiences larger fluctuations and is considered to be riskier than WINC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI.L | WINC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.92% | 3.54% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 19.66% | 8.59% | +11.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.90% | 10.94% | +11.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.39% | 12.65% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.39% | 12.65% | +6.74% |
GLDI.L vs. WINC.L - Expense Ratio Comparison
Both GLDI.L and WINC.L have an expense ratio of 0.35%.
Dividends
GLDI.L vs. WINC.L - Dividend Comparison
GLDI.L's dividend yield for the trailing twelve months is around 7.27%, less than WINC.L's 9.95% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | 7.27% | 6.28% | 0.50% |
WINC.L iShares World Equity High Income Active UCITS ETF USD (Dist) | 9.95% | 9.75% | 4.72% |
Frequently Asked Questions
GLDI.L and WINC.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.35% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L and WINC.L have the same expense ratio: 0.35% per year.
GLDI.L is categorized as Derivative Income, while WINC.L is Dividend. They also come from different issuers: Leverage Shares and iShares.
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