GLDI vs. SILJ

Last updated Jun 4, 2026

GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) and SILJ (Amplify Junior Silver Miners ETF) are both exchange-traded funds - GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while SILJ is a Silver fund tracking the Nasdaq Junior Silver Miners Index. Both are passively managed. Over the past 10 years, GLDI returned 8.99%/yr vs 10.08%/yr for SILJ. A 0.61 correlation means they provide meaningful diversification when combined. GLDI charges 0.65%/yr vs 0.69%/yr for SILJ.

Performance

GLDI vs. SILJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and Amplify Junior Silver Miners ETF (SILJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDI achieves a 2.06% return, which is significantly lower than SILJ's 6.61% return. Over the past 10 years, GLDI has underperformed SILJ with an annualized return of 8.99%, while SILJ has yielded a comparatively higher 10.08% annualized return.

GLDI

• 1D: -0.81%
• 1M: 0.90%
• YTD: 2.06%
• 6M: 4.42%
• 1Y: 21.23%
• 3Y*: 19.54%
• 5Y*: 11.15%
• 10Y*: 8.99%

SILJ

• 1D: -5.24%
• 1M: 2.57%
• YTD: 6.61%
• 6M: 16.40%
• 1Y: 111.95%
• 3Y*: 47.77%
• 5Y*: 13.13%
• 10Y*: 10.08%

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

GLDI vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN	2.06%	34.25%	17.76%	8.93%	-1.11%	-3.42%	23.50%	14.40%	-0.54%	8.94%
SILJ Amplify Junior Silver Miners ETF	6.61%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-5.65%

Correlation

The correlation between GLDI and SILJ is 0.67, 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	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.63
Correlation (All Time) Calculated using the full available price history since Jan 30, 2013	0.61

The correlation between GLDI and SILJ has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.

Return for Risk

GLDI vs. SILJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLDI

GLDI Risk / Return Rank: 38
GLDI Sharpe Ratio Rank: 40
GLDI Sortino Ratio Rank: 35
GLDI Omega Ratio Rank: 47
GLDI Calmar Ratio Rank: 31
GLDI Martin Ratio Rank: 38

SILJ

SILJ Risk / Return Rank: 54
SILJ Sharpe Ratio Rank: 59
SILJ Sortino Ratio Rank: 46
SILJ Omega Ratio Rank: 51
SILJ Calmar Ratio Rank: 64
SILJ Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLDI vs. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) and Amplify Junior Silver Miners ETF (SILJ). 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.

	GLDI	SILJ	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.05	-0.59
Sortino ratio: Return per unit of downside risk	1.90	2.35	-0.46
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	1.55	3.24	-1.69
Martin ratio: Return relative to average drawdown	6.07	7.99	-1.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLDI vs. SILJ - Sharpe Ratio Comparison

The current GLDI Sharpe Ratio is 1.46, which is comparable to the SILJ Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of GLDI and SILJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLDI	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.05	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.30	+0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.22	+0.58
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.09	+0.28

Drawdowns

GLDI vs. SILJ - Drawdown Comparison

The maximum GLDI drawdown since its inception was -32.26%, smaller than the maximum SILJ drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for GLDI and SILJ.

Drawdown Indicators

	GLDI	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-32.26%	-79.04%	+46.78%
Max Drawdown (1Y) Largest decline over 1 year	-13.73%	-34.71%	+20.98%
Max Drawdown (3Y) Largest decline over 3 years	-13.73%	-34.71%	+20.98%
Max Drawdown (5Y) Largest decline over 5 years	-14.07%	-55.47%	+41.40%
Max Drawdown (10Y) Largest decline over 10 years	-14.94%	-70.06%	+55.12%
Current Drawdown Current decline from peak	-7.37%	-26.80%	+19.43%
Average Drawdown Average peak-to-trough decline	-14.00%	-41.43%	+27.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	14.06%	-10.56%

Volatility

GLDI vs. SILJ - Volatility Comparison

The current volatility for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) is 3.88%, while Amplify Junior Silver Miners ETF (SILJ) has a volatility of 18.69%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDI	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	18.69%	-14.81%
Volatility (6M) Calculated over the trailing 6-month period	12.87%	45.24%	-32.37%
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	54.90%	-40.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.31%	44.35%	-33.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.35%	46.24%	-34.89%

GLDI vs. SILJ - Expense Ratio Comparison

GLDI has a 0.65% expense ratio, which is lower than SILJ's 0.69% expense ratio.

Dividends

GLDI vs. SILJ - Dividend Comparison

GLDI's dividend yield for the trailing twelve months is around 22.37%, more than SILJ's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN	22.37%	16.15%	10.45%	10.02%	13.73%	10.65%	14.25%	7.25%	5.33%	7.77%	17.26%	10.07%
SILJ Amplify Junior Silver Miners ETF	1.88%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%

Frequently Asked Questions

Can I hold both GLDI and SILJ in my portfolio?

GLDI and SILJ have a correlation of 0.67, 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 SILJ?

SILJ has higher volatility (18.69%) compared to GLDI (3.88%). In terms of maximum drawdown, GLDI dropped -32.26% vs SILJ's -79.04%.

Which ETF is better, GLDI or SILJ?

On 10-year performance, SILJ leads with 10.08% vs 8.99% for GLDI. On fees, GLDI is cheaper at 0.65% per year. On volatility, GLDI has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLDI or SILJ?

Over the 10-year period, SILJ has performed better with a 10.08% return vs 8.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLDI or SILJ?

GLDI is cheaper with a 0.65% expense ratio, compared with 0.69% for SILJ.

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

GLDI has the higher dividend yield at 22.37%, compared with 1.88% for SILJ.

What is the main difference between GLDI and SILJ?

GLDI is categorized as Precious Metals, while SILJ is Silver. GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index, while SILJ tracks Nasdaq Junior Silver Miners Index. They also come from different issuers: Credit Suisse and Amplify. Their fees differ too: 0.65% for GLDI and 0.69% for SILJ.

Which has better risk-adjusted returns?

SILJ currently has the higher Sharpe Ratio (2.05 vs 1.46), 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.