GLDI vs. IAUI
GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and IAUI (NEOS Gold High Income ETF) are both exchange-traded funds - GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while IAUI is a Derivative Income fund actively managed by Neos. GLDI is passively managed, while IAUI is actively managed. Over the past year, GLDI returned 11.67% vs 12.83% for IAUI. Their correlation of 0.86 suggests significant overlap in exposure. GLDI charges 0.65%/yr vs 0.78%/yr for IAUI.
Performance
GLDI vs. IAUI - 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 IAUI's -5.63% 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%
IAUI
- 1D
- -2.15%
- 1M
- -8.06%
- YTD
- -5.63%
- 6M
- -8.22%
- 1Y
- 12.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDI vs. IAUI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.45% | 18.08% |
IAUI NEOS Gold High Income ETF | -5.63% | 20.00% |
Correlation
The correlation between GLDI and IAUI 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 (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025 | 0.86 |
The correlation between GLDI and IAUI has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.
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Return for Risk
GLDI vs. IAUI — Risk / Return Rank
GLDI
IAUI
GLDI vs. IAUI - 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 NEOS Gold High Income ETF (IAUI). 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 | IAUI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.13 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.63 | +0.20 |
| Martin ratioReturn relative to average drawdown | 2.73 | 1.87 | +0.85 |
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Drawdowns
GLDI vs. IAUI - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, which is greater than IAUI's maximum drawdown of -20.43%. Use the drawdown chart below to compare losses from any high point for GLDI and IAUI.
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Drawdown Indicators
| GLDI | IAUI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -20.43% | -11.83% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -20.43% | +6.29% |
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% | -19.97% | +6.69% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -4.13% | -9.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 6.86% | -2.56% |
Volatility
GLDI vs. IAUI - Volatility Comparison
The current volatility for UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) is 7.18%, while NEOS Gold High Income ETF (IAUI) has a volatility of 7.78%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than IAUI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | IAUI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 7.78% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 14.58% | 19.82% | -5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 21.42% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 21.06% | -9.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 21.06% | -9.54% |
GLDI vs. IAUI - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is lower than IAUI's 0.78% expense ratio.
Dividends
GLDI vs. IAUI - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 26.67%, more than IAUI's 14.80% 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% |
IAUI NEOS Gold High Income ETF | 14.80% | 6.88% | 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 IAUI 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.
IAUI has higher volatility (7.78%) compared to GLDI (7.18%). In terms of maximum drawdown, GLDI dropped -32.26% vs IAUI's -20.43%.
On 1-year performance, IAUI leads with 12.83% vs 11.67% for GLDI. On fees, GLDI is cheaper at 0.65% 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 1-year period, IAUI has performed better with a 12.83% return vs 11.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDI is cheaper with a 0.65% expense ratio, compared with 0.78% for IAUI.
GLDI has the higher dividend yield at 26.67%, compared with 14.80% for IAUI.
GLDI is categorized as Gold, while IAUI is Derivative Income. They also come from different issuers: UBS and Neos. Their fees differ too: 0.65% for GLDI and 0.78% for IAUI.
GLDI currently has the higher Sharpe Ratio (0.73 vs 0.60), 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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