GLDI vs. FBGX

Last updated Aug 2, 2026

GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and FBGX (UBS AG FI Enhanced Large Cap Growth ETN) are both exchange-traded funds - GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%). Both are passively managed. Their 0.00 correlation means their historical movements had little consistent relationship. GLDI charges 0.65%/yr vs 1.29%/yr for FBGX.

Performance

GLDI vs. FBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

FBGX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	$9.09M	$8.22M	$7.58M

GLDI vs. FBGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	23.50%	14.40%	-0.54%	8.94%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	57.04%	65.79%	75.84%	-16.58%	64.01%

Correlation

The correlation between GLDI and FBGX is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.04
Correlation (5Y) Shows whether the relationship held over a longer period.	0.04
Correlation (10Y) Provides a long-term view across more market conditions.	0.03
Correlation (All Time) Calculated using the full available price history since Jun 11, 2014	0.00

Return for Risk

GLDI vs. FBGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GLDI

GLDI Risk / Return Rank: 29
GLDI Sharpe Ratio Rank: 32
GLDI Sortino Ratio Rank: 28
GLDI Omega Ratio Rank: 34
GLDI Calmar Ratio Rank: 26
GLDI Martin Ratio Rank: 26

FBGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GLDI vs. FBGX - 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 UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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	FBGX	Difference
Sharpe ratio: Return per unit of total volatility	0.76	—	—
Sortino ratio: Return per unit of downside risk	1.05	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	0.81	—	—
Martin ratio: Return relative to average drawdown	2.04	—	—

Drawdowns

Drawdown Indicators

	GLDI	FBGX	Difference
Max Drawdown Largest peak-to-trough decline	-32.26%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-15.81%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.81%	—	—
Current Drawdown Current decline from peak	-13.54%	—	—
Average Drawdown Average peak-to-trough decline	-13.99%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	—	—

Volatility

Volatility by Period

	GLDI	FBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.65%	—	—

GLDI vs. FBGX - Expense Ratio Comparison

GLDI has a 0.65% expense ratio, which is lower than FBGX's 1.29% expense ratio.

Dividends

GLDI vs. FBGX - Dividend Comparison

GLDI's dividend yield for the trailing twelve months is around 26.14%, while FBGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBGX UBS AG FI Enhanced Large Cap Growth ETN	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 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

Can I hold both GLDI and FBGX in my portfolio?

GLDI and FBGX have a correlation of 0.00, 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 or FBGX?

On fees, GLDI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLDI or FBGX?

GLDI is cheaper with a 0.65% expense ratio, compared with 1.29% for FBGX.

Which ETF pays a higher dividend yield, GLDI or FBGX?

GLDI has the higher dividend yield at 26.14%, compared with 0.00% for FBGX.

What is the main difference between GLDI and FBGX?

GLDI is categorized as Gold, while FBGX is Leveraged Equities. GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index, while FBGX tracks Russell 1000 Growth Index (200%). Their fees differ too: 0.65% for GLDI and 1.29% for FBGX.