GLDI vs. JEPQ
Compare and contrast key facts about Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ).
GLDI and JEPQ 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. JEPQ is an actively managed fund by JPMorgan Chase. It was launched on May 3, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDI or JEPQ.
Performance
GLDI vs. JEPQ - Performance Comparison
Returns By Period
In the year-to-date period, GLDI achieves a 19.18% return, which is significantly lower than JEPQ's 22.99% return.
GLDI
19.18%
-1.51%
11.83%
22.99%
9.51%
5.96%
JEPQ
22.99%
2.81%
9.92%
26.76%
N/A
N/A
Key characteristics
| GLDI | JEPQ | |
|---|---|---|
| Sharpe Ratio | 2.38 | 2.20 |
| Sortino Ratio | 3.18 | 2.88 |
| Omega Ratio | 1.45 | 1.45 |
| Calmar Ratio | 3.95 | 2.53 |
| Martin Ratio | 16.80 | 10.94 |
| Ulcer Index | 1.36% | 2.48% |
| Daily Std Dev | 9.63% | 12.33% |
| Max Drawdown | -32.25% | -16.82% |
| Current Drawdown | -2.00% | -0.32% |
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GLDI vs. JEPQ - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is higher than JEPQ's 0.35% expense ratio.
Correlation
The correlation between GLDI and JEPQ is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GLDI vs. JEPQ - 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 JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). 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. JEPQ - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 11.06%, more than JEPQ's 9.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 11.06% | 10.02% | 13.72% | 10.65% | 14.25% | 7.24% | 5.34% | 7.77% | 17.26% | 10.06% | 12.36% | 11.33% |
JEPQ JPMorgan Nasdaq Equity Premium Income ETF | 9.38% | 10.02% | 9.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLDI vs. JEPQ - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.25%, which is greater than JEPQ's maximum drawdown of -16.82%. Use the drawdown chart below to compare losses from any high point for GLDI and JEPQ. For additional features, visit the drawdowns tool.
Volatility
GLDI vs. JEPQ - Volatility Comparison
Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) has a higher volatility of 4.42% compared to JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) at 3.71%. This indicates that GLDI's price experiences larger fluctuations and is considered to be riskier than JEPQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.