GLDI vs. SGDJ

Last updated Aug 2, 2026

GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) and SGDJ (Sprott Junior Gold Miners ETF) are both Gold funds - GLDI tracks the Credit Suisse NASDAQ Gold FLOWS 103 Index while SGDJ tracks the Solactive Junior Gold Miners Custom Factors Index. Both are passively managed. Over the past 10 years, GLDI returned 7.56%/yr vs 7.27%/yr for SGDJ. Their 0.66 correlation means they have sometimes moved together and sometimes differently. GLDI charges 0.65%/yr vs 0.50%/yr for SGDJ.

Performance

GLDI vs. SGDJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) and Sprott Junior Gold Miners ETF (SGDJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDI achieves a -4.75% return, which is significantly higher than SGDJ's -13.16% return. Both investments have delivered pretty close results over the past 10 years, with GLDI having a 7.56% annualized return and SGDJ not far behind at 7.27%.

GLDI

• 1D: -0.61%
• 1M: -0.08%
• 6M: -7.85%
• YTD: -4.75%
• 1Y: 11.07%
• 3Y*: 16.54%
• 5Y*: 10.37%
• 10Y*: 7.56%
• ALL TIME*: 3.85%

SGDJ

• 1D: -3.30%
• 1M: -6.88%
• 6M: -20.87%
• YTD: -13.16%
• 1Y: 63.65%
• 3Y*: 44.64%
• 5Y*: 15.51%
• 10Y*: 7.27%
• ALL TIME*: 13.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	$9.09M	$8.22M	$7.58M
SGDJ Sprott Junior Gold Miners ETF	$3.18M	$3.46M	$5.06M

GLDI vs. SGDJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	-4.75%	34.25%	17.76%	8.93%	-1.11%	-3.42%	23.50%	14.40%	-0.54%	8.94%
SGDJ Sprott Junior Gold Miners ETF	-13.16%	174.44%	19.35%	6.66%	-27.60%	-15.12%	47.91%	37.00%	-25.63%	5.94%

Correlation

The correlation between GLDI and SGDJ is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.72
Correlation (5Y) Shows whether the relationship held over a longer period.	0.73
Correlation (10Y) Provides a long-term view across more market conditions.	0.66
Correlation (All Time) Calculated using the full available price history since Mar 31, 2015	0.66

The correlation between GLDI and SGDJ has been stable across timeframes, ranging from 0.66 to 0.76 - a consistent structural relationship.

Return for Risk

GLDI vs. SGDJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GLDI

GLDI Risk / Return Rank: 29
GLDI Sharpe Ratio Rank: 32
GLDI Sortino Ratio Rank: 28
GLDI Omega Ratio Rank: 34
GLDI Calmar Ratio Rank: 26
GLDI Martin Ratio Rank: 26

SGDJ

SGDJ Risk / Return Rank: 48
SGDJ Sharpe Ratio Rank: 54
SGDJ Sortino Ratio Rank: 48
SGDJ Omega Ratio Rank: 51
SGDJ Calmar Ratio Rank: 49
SGDJ Martin Ratio Rank: 36

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GLDI vs. SGDJ - 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 Sprott Junior Gold Miners ETF (SGDJ). 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	SGDJ	Difference
Sharpe ratio: Return per unit of total volatility	0.76	1.28	-0.52
Sortino ratio: Return per unit of downside risk	1.05	1.70	-0.65
Omega ratio: Gain probability vs. loss probability	1.16	1.23	-0.07
Calmar ratio: Return relative to maximum drawdown	0.81	1.77	-0.96
Martin ratio: Return relative to average drawdown	2.04	3.70	-1.66

GLDI vs. SGDJ - Sharpe Ratio Comparison

The current GLDI Sharpe Ratio is 0.76, which is lower than the SGDJ Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of GLDI and SGDJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GLDI vs. SGDJ - Drawdown Comparison

The maximum GLDI drawdown since its inception was -32.26%, smaller than the maximum SGDJ drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for GLDI and SGDJ.

Drawdown Indicators

	GLDI	SGDJ	Difference
Max Drawdown Largest peak-to-trough decline	-32.26%	-59.27%	+27.01%
Max Drawdown (1Y) Largest decline over 1 year	-15.81%	-37.98%	+22.17%
Max Drawdown (3Y) Largest decline over 3 years	-15.81%	-37.98%	+22.17%
Max Drawdown (5Y) Largest decline over 5 years	-15.81%	-52.66%	+36.85%
Max Drawdown (10Y) Largest decline over 10 years	-15.81%	-59.20%	+43.39%
Current Drawdown Current decline from peak	-13.54%	-36.68%	+23.14%
Average Drawdown Average peak-to-trough decline	-13.99%	-26.33%	+12.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.26%	18.10%	-11.84%

Volatility

GLDI vs. SGDJ - Volatility Comparison

The current volatility for UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) is 5.26%, while Sprott Junior Gold Miners ETF (SGDJ) has a volatility of 14.35%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than SGDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDI	SGDJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.26%	14.35%	-9.09%
Volatility (6M) Calculated over the trailing 6-month period	15.59%	42.31%	-26.72%
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	52.29%	-35.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.85%	41.27%	-29.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.65%	40.90%	-29.25%

GLDI vs. SGDJ - Expense Ratio Comparison

GLDI has a 0.65% expense ratio, which is higher than SGDJ's 0.50% expense ratio.

Dividends

GLDI vs. SGDJ - Dividend Comparison

GLDI's dividend yield for the trailing twelve months is around 26.14%, more than SGDJ's 9.64% 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	26.14%	16.15%	10.45%	10.02%	13.73%	10.65%	14.25%	7.25%	5.33%	7.77%	17.26%	10.07%
SGDJ Sprott Junior Gold Miners ETF	9.64%	8.37%	6.55%	4.55%	2.46%	2.20%	1.97%	0.65%	0.00%	0.14%	1.77%	0.85%

Frequently Asked Questions

Can I hold both GLDI and SGDJ in my portfolio?

GLDI and SGDJ have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLDI or SGDJ?

SGDJ has higher volatility (14.35%) compared to GLDI (5.26%). In terms of maximum drawdown, GLDI dropped -32.26% vs SGDJ's -59.27%.

Which ETF is better, GLDI or SGDJ?

On 10-year performance, GLDI leads with 7.56% vs 7.27% for SGDJ. On fees, SGDJ is cheaper at 0.50% per year. On volatility, GLDI has been the lower-risk option at 5.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLDI or SGDJ?

Over the 10-year period, GLDI has performed better with a 7.56% return vs 7.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLDI or SGDJ?

SGDJ is cheaper with a 0.50% expense ratio, compared with 0.65% for GLDI.

Which ETF pays a higher dividend yield, GLDI or SGDJ?

GLDI has the higher dividend yield at 26.14%, compared with 9.64% for SGDJ.

What is the main difference between GLDI and SGDJ?

GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index, while SGDJ tracks Solactive Junior Gold Miners Custom Factors Index. They also come from different issuers: UBS and Sprott. Their fees differ too: 0.65% for GLDI and 0.50% for SGDJ.

Which has better risk-adjusted returns?

SGDJ currently has the higher Sharpe Ratio (1.28 vs 0.76), 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.