GLDI vs. RYLD
Compare and contrast key facts about Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and Global X Russell 2000 Covered Call ETF (RYLD).
GLDI and RYLD 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. RYLD is a passively managed fund by Global X that tracks the performance of the CBOE Russell 2000 BuyWrite Index. It was launched on Apr 17, 2019. Both GLDI and RYLD 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 RYLD.
Key characteristics
| GLDI | RYLD | |
|---|---|---|
| YTD Return | 4.73% | 2.48% |
| 1Y Return | 7.82% | 5.25% |
| 3Y Return (Ann) | 4.55% | -1.52% |
| 5Y Return (Ann) | 8.91% | 3.18% |
| Sharpe Ratio | 1.01 | 0.44 |
| Daily Std Dev | 8.42% | 9.90% |
| Max Drawdown | -32.25% | -41.53% |
| Current Drawdown | -2.76% | -13.17% |
Correlation
The correlation between GLDI and RYLD 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.
Performance
GLDI vs. RYLD - Performance Comparison
In the year-to-date period, GLDI achieves a 4.73% return, which is significantly higher than RYLD's 2.48% 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. RYLD - Expense Ratio Comparison
GLDI has a 0.65% expense ratio, which is higher than RYLD's 0.60% expense ratio.
Risk-Adjusted Performance
GLDI vs. RYLD - 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 Russell 2000 Covered Call ETF (RYLD). 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. RYLD - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 8.58%, less than RYLD's 12.29% 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% |
RYLD Global X Russell 2000 Covered Call ETF | 12.29% | 12.64% | 13.50% | 12.35% | 10.76% | 6.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GLDI vs. RYLD - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.25%, smaller than the maximum RYLD drawdown of -41.53%. Use the drawdown chart below to compare losses from any high point for GLDI and RYLD. For additional features, visit the drawdowns tool.
Volatility
GLDI vs. RYLD - Volatility Comparison
Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) has a higher volatility of 2.98% compared to Global X Russell 2000 Covered Call ETF (RYLD) at 2.72%. This indicates that GLDI's price experiences larger fluctuations and is considered to be riskier than RYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.