GLDI vs. BDCX
GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and BDCX (ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN) are both exchange-traded funds - GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while BDCX is a Leveraged Equities fund tracking the MVIS US Business Development Companies (150%). Both are passively managed. Over the past 5 years, GLDI returned 10.37%/yr vs 2.22%/yr for BDCX. Their 0.12 correlation means their historical movements had little consistent relationship. GLDI charges 0.65%/yr vs 0.95%/yr for BDCX.
Performance
GLDI vs. BDCX - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a -4.75% return, which is significantly higher than BDCX's -10.75% return.
GLDI
- 1D
- -0.61%
- 1M
- -0.08%
- 6M
- -7.85%
- YTD
- -4.75%
- 1Y
- 11.07%
- 3Y*
- 16.54%
- 5Y*
- 10.37%
- 10Y*
- 7.56%
- ALL TIME*
- 3.85%
BDCX
- 1D
- -0.19%
- 1M
- -2.20%
- 6M
- -9.86%
- YTD
- -10.75%
- 1Y
- -18.23%
- 3Y*
- 0.23%
- 5Y*
- 2.22%
- 10Y*
- —
- ALL TIME*
- 11.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $38.67K | $35.86K | $42.25K | |
| $9.09M | $8.22M | $7.58M |
GLDI vs. BDCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.75% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 8.20% |
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | -10.75% | -10.42% | 15.32% | 35.33% | -17.67% | 52.70% | 25.40% |
Correlation
The correlation between GLDI and BDCX is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.12 |
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Return for Risk
GLDI vs. BDCX — Risk / Return Rank
GLDI
BDCX
GLDI vs. BDCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) and ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX). 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 | BDCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.90 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | -0.74 | +1.56 |
| Martin ratioReturn relative to average drawdown | 2.04 | -1.28 | +3.33 |
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Drawdowns
GLDI vs. BDCX - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, smaller than the maximum BDCX drawdown of -34.96%. Use the drawdown chart below to compare losses from any high point for GLDI and BDCX.
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Drawdown Indicators
| GLDI | BDCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -34.96% | +2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -26.35% | +10.54% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -33.39% | +17.58% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -34.96% | +19.15% |
Max Drawdown (10Y)Largest decline over 10 years | -15.81% | — | — |
Current DrawdownCurrent decline from peak | -13.54% | -27.46% | +13.92% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -10.50% | -3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 15.28% | -9.02% |
Volatility
GLDI vs. BDCX - Volatility Comparison
The current volatility for UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) is 5.26%, while ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN (BDCX) has a volatility of 7.16%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than BDCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | BDCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 7.16% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 15.59% | 22.67% | -7.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 28.36% | -11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.85% | 26.69% | -14.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 26.87% | -15.22% |
GLDI vs. BDCX - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is lower than BDCX's 0.95% expense ratio.
Dividends
GLDI vs. BDCX - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 26.14%, more than BDCX's 21.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDCX ETRACS Quarterly Pay 1.5X Leveraged MVIS BDC Index ETN | 21.64% | 19.17% | 15.28% | 14.71% | 17.47% | 11.52% | 6.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | 26.14% | 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
GLDI and BDCX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDCX has higher volatility (7.16%) compared to GLDI (5.26%). In terms of maximum drawdown, GLDI dropped -32.26% vs BDCX's -34.96%.
On 5-year performance, GLDI leads with 10.37% vs 2.22% for BDCX. On fees, GLDI is cheaper at 0.65% per year. On volatility, GLDI has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLDI has performed better with a 10.37% return vs 2.22%. 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 0.95% for BDCX.
GLDI has the higher dividend yield at 26.14%, compared with 21.64% for BDCX.
GLDI is categorized as Gold, while BDCX is Leveraged Equities. GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index, while BDCX tracks MVIS US Business Development Companies (150%). Their fees differ too: 0.65% for GLDI and 0.95% for BDCX.
GLDI currently has the higher Sharpe Ratio (0.76 vs -0.69), 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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