GLDI vs. MVRL
GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and MVRL (ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN) are both exchange-traded funds - GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while MVRL is a REIT fund tracking the MVIS US Mortgage REITs Index (150%). Both are passively managed. Over the past 5 years, GLDI returned 10.96%/yr vs -8.77%/yr for MVRL. At a 0.17 correlation, their price movements are largely independent. GLDI charges 0.65%/yr vs 0.95%/yr for MVRL.
Performance
GLDI vs. MVRL - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a -4.45% return, which is significantly lower than MVRL's -2.82% 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%
MVRL
- 1D
- 1.21%
- 1M
- 0.86%
- YTD
- -2.82%
- 6M
- -2.49%
- 1Y
- 11.67%
- 3Y*
- 7.47%
- 5Y*
- -8.77%
- 10Y*
- —
GLDI vs. MVRL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.45% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 8.20% |
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | -2.82% | 14.96% | -3.45% | 12.30% | -42.41% | 21.71% | 66.40% |
Correlation
The correlation between GLDI and MVRL is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2020 | 0.17 |
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Return for Risk
GLDI vs. MVRL — Risk / Return Rank
GLDI
MVRL
GLDI vs. MVRL - 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 Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL). 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 | MVRL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.09 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 0.56 | +0.27 |
| Martin ratioReturn relative to average drawdown | 2.73 | 1.45 | +1.28 |
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Drawdowns
GLDI vs. MVRL - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, smaller than the maximum MVRL drawdown of -60.25%. Use the drawdown chart below to compare losses from any high point for GLDI and MVRL.
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Drawdown Indicators
| GLDI | MVRL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -60.25% | +27.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -20.93% | +6.79% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -32.20% | +18.06% |
Max Drawdown (5Y)Largest decline over 5 years | -14.14% | -59.63% | +45.49% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | — | — |
Current DrawdownCurrent decline from peak | -13.28% | -38.42% | +25.14% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -31.84% | +17.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 8.09% | -3.79% |
Volatility
GLDI vs. MVRL - Volatility Comparison
UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) and ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) have volatilities of 7.18% and 6.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | MVRL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 6.92% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 14.58% | 20.60% | -6.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 27.42% | -11.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 36.55% | -24.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 37.59% | -26.07% |
GLDI vs. MVRL - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is lower than MVRL's 0.95% expense ratio.
Dividends
GLDI vs. MVRL - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 26.67%, more than MVRL's 20.90% 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% |
MVRL ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN | 20.90% | 19.15% | 19.27% | 18.69% | 25.21% | 12.33% | 5.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDI and MVRL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDI has higher volatility (7.18%) compared to MVRL (6.92%). In terms of maximum drawdown, GLDI dropped -32.26% vs MVRL's -60.25%.
On 5-year performance, GLDI leads with 10.96% vs -8.77% for MVRL. On fees, GLDI is cheaper at 0.65% per year. On volatility, MVRL has been the lower-risk option at 6.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GLDI has performed better with a 10.96% return vs -8.77%. 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 MVRL.
GLDI has the higher dividend yield at 26.67%, compared with 20.90% for MVRL.
GLDI is categorized as Gold, while MVRL is REIT. GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index, while MVRL tracks MVIS US Mortgage REITs Index (150%). Their fees differ too: 0.65% for GLDI and 0.95% for MVRL.
GLDI currently has the higher Sharpe Ratio (0.73 vs 0.43), 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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