GLDI vs. KGLD

Last updated Jun 24, 2026

GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and KGLD (Kurv Gold Enhanced Income ETF ) are both exchange-traded funds - GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while KGLD is a Derivative Income fund actively managed by Kurv. GLDI is passively managed, while KGLD is actively managed. Their correlation of 0.85 suggests significant overlap in exposure. GLDI charges 0.65%/yr vs 1.00%/yr for KGLD.

Performance

GLDI vs. KGLD - 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 Kurv Gold Enhanced Income ETF (KGLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDI achieves a -4.45% return, which is significantly higher than KGLD's -5.13% 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%

KGLD

• 1D: -1.68%
• 1M: -9.30%
• YTD: -5.13%
• 6M: -9.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLDI vs. KGLD - Yearly Performance Comparison

	2026 (YTD)	2025
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	-4.45%	17.62%
KGLD Kurv Gold Enhanced Income ETF	-5.13%	29.75%

Correlation

The correlation between GLDI and KGLD is 0.85, 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 Jul 8, 2025	0.85

Return for Risk

GLDI vs. KGLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDI

GLDI Risk / Return Rank: 21
GLDI Sharpe Ratio Rank: 22
GLDI Sortino Ratio Rank: 19
GLDI Omega Ratio Rank: 23
GLDI Calmar Ratio Rank: 19
GLDI Martin Ratio Rank: 23

KGLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDI vs. KGLD - 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 Kurv Gold Enhanced Income ETF (KGLD). 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	KGLD	Difference
Sharpe ratio: Return per unit of total volatility	0.73	—	—
Sortino ratio: Return per unit of downside risk	1.01	—	—
Omega ratio: Gain probability vs. loss probability	1.16	—	—
Calmar ratio: Return relative to maximum drawdown	0.83	—	—
Martin ratio: Return relative to average drawdown	2.73	—	—

Drawdowns

GLDI vs. KGLD - Drawdown Comparison

The maximum GLDI drawdown since its inception was -32.26%, which is greater than KGLD's maximum drawdown of -26.24%. Use the drawdown chart below to compare losses from any high point for GLDI and KGLD.

Drawdown Indicators

	GLDI	KGLD	Difference
Max Drawdown Largest peak-to-trough decline	-32.26%	-26.24%	-6.02%
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 Drawdown Current decline from peak	-13.28%	-25.75%	+12.47%
Average Drawdown Average peak-to-trough decline	-13.99%	-6.98%	-7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	—	—

Volatility

Volatility by Period

	GLDI	KGLD	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%	29.01%	-13.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.58%	29.01%	-17.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.52%	29.01%	-17.49%

GLDI vs. KGLD - Expense Ratio Comparison

GLDI has a 0.65% expense ratio, which is lower than KGLD's 1.00% expense ratio.

Dividends

GLDI vs. KGLD - Dividend Comparison

GLDI's dividend yield for the trailing twelve months is around 26.67%, more than KGLD's 13.72% 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%
KGLD Kurv Gold Enhanced Income ETF	13.72%	4.59%	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 KGLD in my portfolio?

GLDI and KGLD have a correlation of 0.85, 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 KGLD?

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 KGLD?

GLDI is cheaper with a 0.65% expense ratio, compared with 1.00% for KGLD.

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

GLDI has the higher dividend yield at 26.67%, compared with 13.72% for KGLD.

What is the main difference between GLDI and KGLD?

GLDI is categorized as Gold, while KGLD is Derivative Income. They also come from different issuers: UBS and Kurv. Their fees differ too: 0.65% for GLDI and 1.00% for KGLD.