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 that tracks the performance of the Credit Suisse NASDAQ Gold FLOWS 103 Index. It was launched on Jan 29, 2013.
Performance
GLDI vs. MPLX - Performance Comparison
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GLDI vs. MPLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 3.48% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 23.50% | 14.40% | -0.54% | 8.94% |
MPLX MPLX LP | 6.83% | 20.54% | 41.72% | 22.46% | 21.09% | 53.92% | -1.79% | -8.25% | -8.43% | 9.00% |
Returns By Period
In the year-to-date period, GLDI achieves a 3.48% return, which is significantly lower than MPLX's 6.83% return. Over the past 10 years, GLDI has underperformed MPLX with an annualized return of 9.36%, while MPLX has yielded a comparatively higher 16.95% annualized return.
GLDI
- 1D
- 1.98%
- 1M
- -6.08%
- YTD
- 3.48%
- 6M
- 11.47%
- 1Y
- 28.25%
- 3Y*
- 19.84%
- 5Y*
- 12.80%
- 10Y*
- 9.36%
MPLX
- 1D
- -2.02%
- 1M
- -5.44%
- YTD
- 6.83%
- 6M
- 17.17%
- 1Y
- 12.76%
- 3Y*
- 27.71%
- 5Y*
- 27.38%
- 10Y*
- 16.95%
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Return for Risk
GLDI vs. MPLX — Risk / Return Rank
GLDI
MPLX
GLDI vs. MPLX - Risk-Adjusted Trends 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.
| GLDI | MPLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 0.68 | +1.36 |
Sortino ratioReturn per unit of downside risk | 2.59 | 1.01 | +1.58 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.13 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.05 | 0.97 | +1.08 |
Martin ratioReturn relative to average drawdown | 11.71 | 3.47 | +8.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLDI | MPLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 0.68 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.17 | 1.41 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.55 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.39 | -0.01 |
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.
Dividends
GLDI vs. MPLX - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 20.19%, more than MPLX's 7.27% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 20.19% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
MPLX MPLX LP | 7.27% | 7.39% | 7.33% | 8.65% | 8.80% | 11.30% | 12.70% | 10.41% | 8.22% | 6.23% | 5.86% | 4.33% |
Drawdowns
GLDI vs. MPLX - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, 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.
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Drawdown Indicators
| GLDI | MPLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -85.72% | +53.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.73% | -13.38% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -14.07% | -18.46% | +4.39% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -75.21% | +60.27% |
Current DrawdownCurrent decline from peak | -6.08% | -5.49% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -14.11% | -30.32% | +16.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 3.76% | -1.35% |
Volatility
GLDI vs. MPLX - Volatility Comparison
Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) has a higher volatility of 9.60% compared to MPLX LP (MPLX) at 4.39%. This indicates that GLDI's price experiences larger fluctuations and is considered to be riskier than MPLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | MPLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.60% | 4.39% | +5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 11.36% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 18.97% | -5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.99% | 19.55% | -8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.24% | 30.91% | -19.67% |