GLDI vs. GDE
GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both Gold funds. GLDI is passively managed, while GDE is actively managed. Over the past 3 years, GLDI returned 17.47%/yr vs 40.84%/yr for GDE. A 0.66 correlation means they provide meaningful diversification when combined. GLDI charges 0.65%/yr vs 0.20%/yr for GDE.
Performance
GLDI vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a -4.45% return, which is significantly lower than GDE's -0.50% return.
GLDI
- 1D
- -1.62%
- 1M
- -7.19%
- YTD
- -4.45%
- 6M
- -5.42%
- 1Y
- 11.67%
- 3Y*
- 17.47%
- 5Y*
- 10.96%
- 10Y*
- 7.83%
GDE
- 1D
- -3.14%
- 1M
- -10.04%
- YTD
- -0.50%
- 6M
- -5.03%
- 1Y
- 37.19%
- 3Y*
- 40.84%
- 5Y*
- —
- 10Y*
- —
GLDI vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.45% | 34.25% | 17.76% | 8.93% | -2.94% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | -0.50% | 73.76% | 44.79% | 33.85% | -8.58% |
Correlation
The correlation between GLDI and GDE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 17, 2022 | 0.66 |
The correlation between GLDI and GDE shifts across timeframes, from 0.66 (all time) to 0.78 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDI vs. GDE — Risk / Return Rank
GLDI
GDE
GLDI vs. GDE - 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 WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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 | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.64 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.65 | -0.82 |
| Martin ratioReturn relative to average drawdown | 2.73 | 4.59 | -1.87 |
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Drawdowns
GLDI vs. GDE - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, roughly equal to the maximum GDE drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for GLDI and GDE.
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Drawdown Indicators
| GLDI | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -32.01% | -0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -22.66% | +8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -22.66% | +8.52% |
Max Drawdown (5Y)Largest decline over 5 years | -14.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | — | — |
Current DrawdownCurrent decline from peak | -13.28% | -19.50% | +6.22% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -7.97% | -6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 8.12% | -3.82% |
Volatility
GLDI vs. GDE - Volatility Comparison
The current volatility for UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) is 7.18%, while WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) has a volatility of 11.41%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 11.41% | -4.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.58% | 26.51% | -11.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 30.33% | -14.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 27.15% | -15.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 27.15% | -15.63% |
GLDI vs. GDE - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
GLDI vs. GDE - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 26.67%, more than GDE's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 4.34% | 4.32% | 7.14% | 2.22% | 0.81% | 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 | 26.67% | 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 GDE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDE has higher volatility (11.41%) compared to GLDI (7.18%). In terms of maximum drawdown, GLDI dropped -32.26% vs GDE's -32.01%.
On 3-year performance, GDE leads with 40.84% vs 17.47% for GLDI. On fees, GDE is cheaper at 0.20% per year. On volatility, GLDI has been the lower-risk option at 7.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 40.84% return vs 17.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.65% for GLDI.
GLDI has the higher dividend yield at 26.67%, compared with 4.34% for GDE.
They also come from different issuers: UBS and WisdomTree. Their fees differ too: 0.65% for GLDI and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.23 vs 0.73), 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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