GLDI vs. GLDW
GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and GLDW (Roundhill Gold WeeklyPay ETF) are both exchange-traded funds - GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while GLDW is a Derivative Income fund actively managed by State Street. GLDI is passively managed, while GLDW is actively managed. Their correlation of 0.86 suggests significant overlap in exposure. GLDI charges 0.65%/yr vs 0.99%/yr for GLDW.
Performance
GLDI vs. GLDW - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a -4.45% return, which is significantly higher than GLDW's -8.13% 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%
GLDW
- 1D
- -1.99%
- 1M
- -10.73%
- YTD
- -8.13%
- 6M
- -12.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDI vs. GLDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.45% | 8.53% |
GLDW Roundhill Gold WeeklyPay ETF | -8.13% | 9.36% |
Correlation
The correlation between GLDI and GLDW is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 0.86 |
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Return for Risk
GLDI vs. GLDW — Risk / Return Rank
GLDI
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLDI vs. GLDW - 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 Roundhill Gold WeeklyPay ETF (GLDW). 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 | GLDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | — | — |
| Martin ratioReturn relative to average drawdown | 2.73 | — | — |
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Drawdowns
GLDI vs. GLDW - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, which is greater than GLDW's maximum drawdown of -30.07%. Use the drawdown chart below to compare losses from any high point for GLDI and GLDW.
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Drawdown Indicators
| GLDI | GLDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -30.07% | -2.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | — | — |
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% | -29.51% | +16.23% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -10.30% | -3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | — | — |
Volatility
GLDI vs. GLDW - Volatility Comparison
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Volatility by Period
| GLDI | GLDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 14.58% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 37.17% | -21.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 37.17% | -25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 37.17% | -25.65% |
GLDI vs. GLDW - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is lower than GLDW's 0.99% expense ratio.
Dividends
GLDI vs. GLDW - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 26.67%, more than GLDW's 23.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
GLDW Roundhill Gold WeeklyPay ETF | 23.10% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDI and GLDW have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GLDI is cheaper with a 0.65% expense ratio, compared with 0.99% for GLDW.
GLDI has the higher dividend yield at 26.67%, compared with 23.10% for GLDW.
GLDI is categorized as Gold, while GLDW is Derivative Income. They also come from different issuers: UBS and State Street. Their fees differ too: 0.65% for GLDI and 0.99% for GLDW.
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