GLDI vs. MLPR
GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and MLPR (ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN) are both exchange-traded funds - GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while MLPR is a Leveraged Equities fund tracking the Alerian MLP Index (150%). Both are passively managed. Over the past 5 years, GLDI returned 10.37%/yr vs 31.23%/yr for MLPR. Their 0.13 correlation means their historical movements had little consistent relationship. GLDI charges 0.65%/yr vs 0.95%/yr for MLPR.
Performance
GLDI vs. MLPR - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a -4.75% return, which is significantly lower than MLPR's 39.50% 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%
MLPR
- 1D
- 1.62%
- 1M
- 11.14%
- 6M
- 25.11%
- YTD
- 39.50%
- 1Y
- 39.67%
- 3Y*
- 31.28%
- 5Y*
- 31.23%
- 10Y*
- —
- ALL TIME*
- 32.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.09M | $8.22M | $7.58M | |
| $34.92K | $44.03K | $37.73K |
GLDI vs. MLPR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.75% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 8.20% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 39.50% | 9.83% | 31.57% | 35.87% | 41.04% | 57.33% | -7.10% |
Correlation
The correlation between GLDI and MLPR is -0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.13 |
The correlation between GLDI and MLPR shifts across timeframes, from -0.08 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLDI vs. MLPR — Risk / Return Rank
GLDI
MLPR
GLDI vs. MLPR - 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 ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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 | MLPR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.28 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 2.55 | -1.74 |
| Martin ratioReturn relative to average drawdown | 2.04 | 7.25 | -5.21 |
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Drawdowns
GLDI vs. MLPR - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, smaller than the maximum MLPR drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for GLDI and MLPR.
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Drawdown Indicators
| GLDI | MLPR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -48.98% | +16.72% |
Max Drawdown (1Y)Largest decline over 1 year | -15.81% | -14.31% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -15.81% | -24.45% | +8.64% |
Max Drawdown (5Y)Largest decline over 5 years | -15.81% | -28.66% | +12.85% |
Max Drawdown (10Y)Largest decline over 10 years | -15.81% | — | — |
Current DrawdownCurrent decline from peak | -13.54% | -0.13% | -13.41% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -8.89% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.26% | 5.35% | +0.91% |
Volatility
GLDI vs. MLPR - Volatility Comparison
The current volatility for UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) is 5.26%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 8.44%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | MLPR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 8.44% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 15.59% | 17.18% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 22.38% | -5.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.85% | 29.11% | -17.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.65% | 33.66% | -22.01% |
GLDI vs. MLPR - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is lower than MLPR's 0.95% expense ratio.
Dividends
GLDI vs. MLPR - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 26.14%, more than MLPR's 8.83% 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% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 8.83% | 10.85% | 9.57% | 10.08% | 7.49% | 10.69% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDI and MLPR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPR has higher volatility (8.44%) compared to GLDI (5.26%). In terms of maximum drawdown, GLDI dropped -32.26% vs MLPR's -48.98%.
On 5-year performance, MLPR leads with 31.23% vs 10.37% for GLDI. On fees, GLDI is cheaper at 0.65% per year. On volatility, GLDI has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MLPR has performed better with a 31.23% return vs 10.37%. 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 0.95% for MLPR.
GLDI has the higher dividend yield at 26.14%, compared with 8.83% for MLPR.
GLDI is categorized as Gold, while MLPR is Leveraged Equities. GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index, while MLPR tracks Alerian MLP Index (150%). Their fees differ too: 0.65% for GLDI and 0.95% for MLPR.
MLPR currently has the higher Sharpe Ratio (1.63 vs 0.76), 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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