GLDI vs. GLD
Compare and contrast key facts about Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and SPDR Gold Trust (GLD).
GLDI and GLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDI is a passively managed fund by Credit Suisse Group AG that tracks the performance of the Credit Suisse NASDAQ Gold FLOWS 103 Index. It was launched on Jan 29, 2013. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both GLDI and GLD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDI or GLD.
Key characteristics
| GLDI | GLD | |
|---|---|---|
| YTD Return | 5.98% | 12.57% |
| 1Y Return | 10.17% | 14.80% |
| 3Y Return (Ann) | 4.65% | 7.87% |
| 5Y Return (Ann) | 9.03% | 12.25% |
| 10Y Return (Ann) | 3.95% | 5.67% |
| Sharpe Ratio | 1.07 | 1.05 |
| Daily Std Dev | 8.44% | 12.25% |
| Max Drawdown | -32.25% | -45.56% |
| Current Drawdown | -1.60% | -2.72% |
Correlation
The correlation between GLDI and GLD is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLDI vs. GLD - Performance Comparison
In the year-to-date period, GLDI achieves a 5.98% return, which is significantly lower than GLD's 12.57% return. Over the past 10 years, GLDI has underperformed GLD with an annualized return of 3.95%, while GLD has yielded a comparatively higher 5.67% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLDI vs. GLD - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is higher than GLD's 0.40% expense ratio.
Risk-Adjusted Performance
GLDI vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and SPDR Gold Trust (GLD). 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.
Dividends
GLDI vs. GLD - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 8.48%, while GLD has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 8.48% | 10.02% | 13.73% | 10.66% | 14.25% | 7.25% | 5.33% | 7.78% | 17.27% | 10.07% | 12.36% | 11.33% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLDI vs. GLD - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.25%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for GLDI and GLD. For additional features, visit the drawdowns tool.
Volatility
GLDI vs. GLD - Volatility Comparison
The current volatility for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) is 3.23%, while SPDR Gold Trust (GLD) has a volatility of 5.04%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.