GLDI vs. MPLX
Compare and contrast key facts about Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and MPLX LP (MPLX).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDI or MPLX.
Performance
GLDI vs. MPLX - Performance Comparison
Returns By Period
In the year-to-date period, GLDI achieves a 19.18% return, which is significantly lower than MPLX's 42.93% return. Over the past 10 years, GLDI has outperformed MPLX with an annualized return of 5.96%, while MPLX has yielded a comparatively lower 5.18% annualized return.
GLDI
19.18%
-1.51%
11.83%
22.99%
9.51%
5.96%
MPLX
42.93%
11.65%
24.97%
46.69%
28.00%
5.18%
Key characteristics
| GLDI | MPLX | |
|---|---|---|
| Sharpe Ratio | 2.38 | 3.80 |
| Sortino Ratio | 3.18 | 5.40 |
| Omega Ratio | 1.45 | 1.67 |
| Calmar Ratio | 3.95 | 5.89 |
| Martin Ratio | 16.80 | 26.77 |
| Ulcer Index | 1.36% | 1.75% |
| Daily Std Dev | 9.63% | 12.35% |
| Max Drawdown | -32.25% | -85.72% |
| Current Drawdown | -2.00% | 0.00% |
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Correlation
The correlation between GLDI and MPLX is 0.07, 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. MPLX - 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 MPLX LP (MPLX). 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. MPLX - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 11.06%, more than MPLX's 7.27% 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% |
MPLX MPLX LP | 7.27% | 8.65% | 8.80% | 11.30% | 12.71% | 10.42% | 8.22% | 6.23% | 5.86% | 4.33% | 1.83% | 2.32% |
Drawdowns
GLDI vs. MPLX - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.25%, smaller than the maximum MPLX drawdown of -85.72%. Use the drawdown chart below to compare losses from any high point for GLDI and MPLX. For additional features, visit the drawdowns tool.
Volatility
GLDI vs. MPLX - Volatility Comparison
The current volatility for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) is 4.42%, while MPLX LP (MPLX) has a volatility of 4.74%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.