GLDI vs. QQQM
Compare and contrast key facts about Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and Invesco NASDAQ 100 ETF (QQQM).
GLDI and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both GLDI and QQQM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDI or QQQM.
Key characteristics
| GLDI | QQQM | |
|---|---|---|
| YTD Return | 5.98% | 7.71% |
| 1Y Return | 10.17% | 37.40% |
| 3Y Return (Ann) | 4.65% | 10.44% |
| Sharpe Ratio | 1.07 | 2.45 |
| Daily Std Dev | 8.44% | 16.33% |
| Max Drawdown | -32.25% | -35.05% |
| Current Drawdown | -1.60% | -1.31% |
Correlation
The correlation between GLDI and QQQM is 0.12, 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.
Performance
GLDI vs. QQQM - Performance Comparison
In the year-to-date period, GLDI achieves a 5.98% return, which is significantly lower than QQQM's 7.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLDI vs. QQQM - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
GLDI vs. QQQM - 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 Invesco NASDAQ 100 ETF (QQQM). 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. QQQM - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 8.48%, more than QQQM's 0.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 8.48% | 10.02% | 13.73% | 10.66% | 14.25% | 7.25% | 5.33% | 7.78% | 17.27% | 10.07% | 12.36% | 11.33% |
QQQM Invesco NASDAQ 100 ETF | 0.66% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLDI vs. QQQM - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.25%, smaller than the maximum QQQM drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for GLDI and QQQM. For additional features, visit the drawdowns tool.
Volatility
GLDI vs. QQQM - Volatility Comparison
The current volatility for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) is 3.23%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 5.80%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.