GLDI vs. DXJ
GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) and DXJ (WisdomTree Japan Hedged Equity Fund) are both exchange-traded funds - GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while DXJ is a Japan Equities fund tracking the WisdomTree Japan Hedged Equity Index. Both are passively managed. Over the past 10 years, GLDI returned 8.20%/yr vs 18.72%/yr for DXJ. At a correlation of -0.08, they often move in opposite directions. GLDI charges 0.65%/yr vs 0.48%/yr for DXJ.
Performance
GLDI vs. DXJ - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a -2.64% return, which is significantly lower than DXJ's 18.74% return. Over the past 10 years, GLDI has underperformed DXJ with an annualized return of 8.20%, while DXJ has yielded a comparatively higher 18.72% annualized return.
GLDI
- 1D
- 0.42%
- 1M
- -6.86%
- YTD
- -2.64%
- 6M
- -2.08%
- 1Y
- 13.60%
- 3Y*
- 17.80%
- 5Y*
- 10.20%
- 10Y*
- 8.20%
DXJ
- 1D
- 0.74%
- 1M
- -0.37%
- YTD
- 18.74%
- 6M
- 19.84%
- 1Y
- 54.41%
- 3Y*
- 30.91%
- 5Y*
- 26.01%
- 10Y*
- 18.72%
GLDI vs. DXJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | -2.64% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 23.50% | 14.40% | -0.54% | 8.94% |
DXJ WisdomTree Japan Hedged Equity Fund | 18.74% | 32.78% | 29.83% | 42.04% | 5.96% | 17.99% | 3.94% | 18.94% | -19.78% | 22.81% |
Correlation
The correlation between GLDI and DXJ is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2013 | -0.08 |
The correlation between GLDI and DXJ shifts across timeframes, from -0.08 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDI vs. DXJ — Risk / Return Rank
GLDI
DXJ
GLDI vs. DXJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and WisdomTree Japan Hedged Equity Fund (DXJ). 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 | DXJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.54 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 4.88 | -3.83 |
| Martin ratioReturn relative to average drawdown | 3.77 | 18.93 | -15.16 |
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Drawdowns
GLDI vs. DXJ - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for GLDI and DXJ.
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Drawdown Indicators
| GLDI | DXJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -49.63% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -10.98% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -22.19% | +8.05% |
Max Drawdown (5Y)Largest decline over 5 years | -14.14% | -22.19% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -39.14% | +24.20% |
Current DrawdownCurrent decline from peak | -11.63% | -1.34% | -10.29% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -14.32% | +0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 2.83% | +1.11% |
Volatility
GLDI vs. DXJ - Volatility Comparison
Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) has a higher volatility of 6.70% compared to WisdomTree Japan Hedged Equity Fund (DXJ) at 4.64%. This indicates that GLDI's price experiences larger fluctuations and is considered to be riskier than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | DXJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 4.64% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 13.56% | +0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 17.73% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.61% | 19.02% | -7.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.50% | 20.17% | -8.67% |
GLDI vs. DXJ - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is higher than DXJ's 0.48% expense ratio.
Dividends
GLDI vs. DXJ - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 23.45%, more than DXJ's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXJ WisdomTree Japan Hedged Equity Fund | 1.09% | 1.29% | 3.48% | 3.44% | 3.02% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 23.45% | 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 DXJ have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDI has higher volatility (6.70%) compared to DXJ (4.64%). In terms of maximum drawdown, GLDI dropped -32.26% vs DXJ's -49.63%.
On 10-year performance, DXJ leads with 18.72% vs 8.20% for GLDI. On fees, DXJ is cheaper at 0.48% per year. On volatility, DXJ has been the lower-risk option at 4.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DXJ has performed better with a 18.72% return vs 8.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DXJ is cheaper with a 0.48% expense ratio, compared with 0.65% for GLDI.
GLDI has the higher dividend yield at 23.45%, compared with 1.09% for DXJ.
GLDI is categorized as Precious Metals, while DXJ is Japan Equities. GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index, while DXJ tracks WisdomTree Japan Hedged Equity Index. They also come from different issuers: Credit Suisse and WisdomTree. Their fees differ too: 0.65% for GLDI and 0.48% for DXJ.
DXJ currently has the higher Sharpe Ratio (3.02 vs 0.95), 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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