GLDI vs. GLDW

Last updated Aug 2, 2026

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 Roundhill Investments. GLDI is passively managed, while GLDW is actively managed. Their correlation of 0.87 means they have usually moved in the same direction. GLDI charges 0.65%/yr vs 0.99%/yr for GLDW.

Performance

GLDI vs. GLDW - 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 Roundhill Gold WeeklyPay ETF (GLDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDI achieves a -4.75% return, which is significantly higher than GLDW's -10.18% return.

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%

GLDW

• 1D: -1.58%
• 1M: -2.25%
• 6M: -21.62%
• YTD: -10.18%
• 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
GLDW Roundhill Gold WeeklyPay ETF	$259.24K	$286.30K	$479.68K

GLDI vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	-4.75%	8.53%
GLDW Roundhill Gold WeeklyPay ETF	-10.18%	9.36%

Correlation

The correlation between GLDI and GLDW is 0.87, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025	0.87

Return for Risk

GLDI vs. GLDW — 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

GLDW

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. 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 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

GLDI vs. GLDW - Drawdown Comparison

The maximum GLDI drawdown since its inception was -32.26%, roughly equal to the maximum GLDW drawdown of -32.55%. Use the drawdown chart below to compare losses from any high point for GLDI and GLDW.

Drawdown Indicators

	GLDI	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-32.26%	-32.55%	+0.29%
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%	-31.08%	+17.54%
Average Drawdown Average peak-to-trough decline	-13.99%	-13.26%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	—	—

Volatility

Volatility by Period

	GLDI	GLDW	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%	35.85%	-19.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.85%	35.85%	-24.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.65%	35.85%	-24.20%

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 26.14%, less than GLDW's 26.73% 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	26.14%	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	26.73%	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

Can I hold both GLDI and GLDW in my portfolio?

GLDI and GLDW have a correlation of 0.87, 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 GLDW?

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 GLDW?

GLDI is cheaper with a 0.65% expense ratio, compared with 0.99% for GLDW.

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

GLDW has the higher dividend yield at 26.73%, compared with 26.14% for GLDI.

What is the main difference between GLDI and GLDW?

GLDI is categorized as Gold, while GLDW is Derivative Income. They also come from different issuers: UBS and Roundhill Investments. Their fees differ too: 0.65% for GLDI and 0.99% for GLDW.