GLDI vs. SGDJ
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 7.83%/yr vs 10.08%/yr for SGDJ. A 0.66 correlation means they provide meaningful diversification when combined. GLDI charges 0.65%/yr vs 0.50%/yr for SGDJ.
Performance
GLDI vs. SGDJ - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a -4.45% return, which is significantly higher than SGDJ's -5.38% return. Over the past 10 years, GLDI has underperformed SGDJ with an annualized return of 7.83%, while SGDJ has yielded a comparatively higher 10.08% annualized 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%
SGDJ
- 1D
- -5.01%
- 1M
- -6.84%
- YTD
- -5.38%
- 6M
- -10.31%
- 1Y
- 72.25%
- 3Y*
- 50.80%
- 5Y*
- 17.28%
- 10Y*
- 10.08%
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 | -4.45% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 23.50% | 14.40% | -0.54% | 8.94% |
SGDJ Sprott Junior Gold Miners ETF | -5.38% | 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 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 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 0.74 - a consistent structural relationship.
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Return for Risk
GLDI vs. SGDJ — Risk / Return Rank
GLDI
SGDJ
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 ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.83 | 1.97 | -1.14 |
| Martin ratioReturn relative to average drawdown | 2.73 | 5.11 | -2.39 |
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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.
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Drawdown Indicators
| GLDI | SGDJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -59.27% | +27.01% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -36.84% | +22.70% |
Max Drawdown (3Y)Largest decline over 3 years | -14.14% | -36.84% | +22.70% |
Max Drawdown (5Y)Largest decline over 5 years | -14.14% | -52.66% | +38.52% |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | -59.27% | +44.33% |
Current DrawdownCurrent decline from peak | -13.28% | -31.02% | +17.74% |
Average DrawdownAverage peak-to-trough decline | -13.99% | -26.25% | +12.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 14.18% | -9.88% |
Volatility
GLDI vs. SGDJ - Volatility Comparison
The current volatility for UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) is 7.18%, while Sprott Junior Gold Miners ETF (SGDJ) has a volatility of 18.68%. 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.
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Volatility by Period
| GLDI | SGDJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.18% | 18.68% | -11.50% |
Volatility (6M)Calculated over the trailing 6-month period | 14.58% | 42.77% | -28.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 50.78% | -34.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.58% | 40.87% | -29.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 40.96% | -29.44% |
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 26.67%, more than SGDJ's 8.85% 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% |
SGDJ Sprott Junior Gold Miners ETF | 8.85% | 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
GLDI and SGDJ have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGDJ has higher volatility (18.68%) compared to GLDI (7.18%). In terms of maximum drawdown, GLDI dropped -32.26% vs SGDJ's -59.27%.
On 10-year performance, SGDJ leads with 10.08% vs 7.83% for GLDI. On fees, SGDJ is cheaper at 0.50% per year. On volatility, GLDI has been the lower-risk option at 7.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SGDJ has performed better with a 10.08% return vs 7.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGDJ is cheaper with a 0.50% expense ratio, compared with 0.65% for GLDI.
GLDI has the higher dividend yield at 26.67%, compared with 8.85% for 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.
SGDJ currently has the higher Sharpe Ratio (1.43 vs 0.73), 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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