GLDI vs. GPIQ
GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) and GPIQ (Goldman Sachs Nasdaq-100 Core Premium Income ETF) are both exchange-traded funds - GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while GPIQ is a Nasdaq-100 fund actively managed by Goldman Sachs. GLDI is passively managed, while GPIQ is actively managed. Over the past year, GLDI returned 14.82% vs 33.15% for GPIQ. At a 0.11 correlation, their price movements are largely independent. GLDI charges 0.65%/yr vs 0.29%/yr for GPIQ.
Performance
GLDI vs. GPIQ - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a -2.64% return, which is significantly lower than GPIQ's 15.73% return.
GLDI
- 1D
- 0.42%
- 1M
- -6.93%
- YTD
- -2.64%
- 6M
- -2.08%
- 1Y
- 14.82%
- 3Y*
- 17.80%
- 5Y*
- 10.20%
- 10Y*
- 8.20%
GPIQ
- 1D
- 0.71%
- 1M
- 1.26%
- YTD
- 15.73%
- 6M
- 16.33%
- 1Y
- 33.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDI vs. GPIQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | -2.64% | 34.25% | 17.76% | 5.53% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 15.73% | 19.77% | 23.22% | 15.17% |
Correlation
The correlation between GLDI and GPIQ is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2023 | 0.11 |
The correlation between GLDI and GPIQ shifts across timeframes, from 0.11 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GLDI vs. GPIQ — Risk / Return Rank
GLDI
GPIQ
GLDI vs. GPIQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ). 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 | GPIQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.42 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 3.50 | -2.45 |
| Martin ratioReturn relative to average drawdown | 3.77 | 14.86 | -11.09 |
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Drawdowns
GLDI vs. GPIQ - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, which is greater than GPIQ's maximum drawdown of -21.06%. Use the drawdown chart below to compare losses from any high point for GLDI and GPIQ.
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Drawdown Indicators
| GLDI | GPIQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -21.06% | -11.20% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -9.51% | -4.63% |
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 | -11.63% | -2.35% | -9.28% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -2.28% | -11.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.94% | 2.24% | +1.70% |
Volatility
GLDI vs. GPIQ - Volatility Comparison
Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ) have volatilities of 6.70% and 6.42%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | GPIQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.70% | 6.42% | +0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.24% | 11.92% | +2.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.75% | 14.53% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.61% | 17.72% | -6.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.50% | 17.72% | -6.22% |
GLDI vs. GPIQ - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is higher than GPIQ's 0.29% expense ratio.
Dividends
GLDI vs. GPIQ - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 23.45%, more than GPIQ's 9.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 23.45% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
GPIQ Goldman Sachs Nasdaq-100 Core Premium Income ETF | 9.53% | 9.81% | 9.18% | 1.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDI and GPIQ have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDI has higher volatility (6.70%) compared to GPIQ (6.42%). In terms of maximum drawdown, GLDI dropped -32.26% vs GPIQ's -21.06%.
On 1-year performance, GPIQ leads with 33.15% vs 14.82% for GLDI. On fees, GPIQ is cheaper at 0.29% per year. On volatility, GPIQ has been the lower-risk option at 6.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GPIQ has performed better with a 33.15% return vs 14.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GPIQ is cheaper with a 0.29% expense ratio, compared with 0.65% for GLDI.
GLDI has the higher dividend yield at 23.45%, compared with 9.53% for GPIQ.
GLDI is categorized as Precious Metals, while GPIQ is Nasdaq-100. They also come from different issuers: Credit Suisse and Goldman Sachs. Their fees differ too: 0.65% for GLDI and 0.29% for GPIQ.
GPIQ currently has the higher Sharpe Ratio (2.29 vs 0.95), 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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