GLDI vs. QYLD
Compare and contrast key facts about Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and Global X NASDAQ 100 Covered Call ETF (QYLD).
GLDI and QYLD 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. QYLD is a passively managed fund by Global X that tracks the performance of the CBOE NASDAQ-100 Buy Write V2. It was launched on Dec 12, 2013. Both GLDI and QYLD 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 QYLD.
Key characteristics
| GLDI | QYLD | |
|---|---|---|
| YTD Return | 4.73% | 5.48% |
| 1Y Return | 7.82% | 15.00% |
| 3Y Return (Ann) | 4.55% | 4.35% |
| 5Y Return (Ann) | 8.91% | 6.60% |
| 10Y Return (Ann) | 3.69% | 7.50% |
| Sharpe Ratio | 1.01 | 1.80 |
| Daily Std Dev | 8.42% | 8.19% |
| Max Drawdown | -32.25% | -24.89% |
| Current Drawdown | -2.76% | -1.62% |
Correlation
The correlation between GLDI and QYLD is 0.00, 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. QYLD - Performance Comparison
In the year-to-date period, GLDI achieves a 4.73% return, which is significantly lower than QYLD's 5.48% return. Over the past 10 years, GLDI has underperformed QYLD with an annualized return of 3.69%, while QYLD has yielded a comparatively higher 7.50% annualized 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. QYLD - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is higher than QYLD's 0.60% expense ratio.
Risk-Adjusted Performance
GLDI vs. QYLD - 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 Global X NASDAQ 100 Covered Call ETF (QYLD). 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. QYLD - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 8.58%, less than QYLD's 11.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 8.58% | 10.02% | 13.73% | 10.66% | 14.25% | 7.25% | 5.33% | 7.78% | 17.27% | 10.07% | 12.36% | 11.33% |
QYLD Global X NASDAQ 100 Covered Call ETF | 11.78% | 11.78% | 13.26% | 12.85% | 11.16% | 9.84% | 12.44% | 7.69% | 9.15% | 9.42% | 10.74% | 0.00% |
Drawdowns
GLDI vs. QYLD - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.25%, which is greater than QYLD's maximum drawdown of -24.89%. Use the drawdown chart below to compare losses from any high point for GLDI and QYLD. For additional features, visit the drawdowns tool.
Volatility
GLDI vs. QYLD - Volatility Comparison
Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and Global X NASDAQ 100 Covered Call ETF (QYLD) have volatilities of 2.98% and 2.92%, 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.