GLDI vs. SLVR
GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) and SLVR (Sprott Silver Miners & Physical Silver ETF) are both exchange-traded funds - GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while SLVR is a Silver fund tracking the Nasdaq Sprott Silver Miners™ Index. Both are passively managed. Over the past year, GLDI returned 21.23% vs 118.11% for SLVR. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.
Performance
GLDI vs. SLVR - Performance Comparison
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Returns By Period
In the year-to-date period, GLDI achieves a 2.06% return, which is significantly lower than SLVR's 6.80% 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%
SLVR
- 1D
- -5.47%
- 1M
- 1.96%
- YTD
- 6.80%
- 6M
- 18.93%
- 1Y
- 118.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDI vs. SLVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 2.06% | 31.26% |
SLVR Sprott Silver Miners & Physical Silver ETF | 6.80% | 170.44% |
Correlation
The correlation between GLDI and SLVR is 0.66, 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 | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jan 16, 2025 | 0.65 |
The correlation between GLDI and SLVR has been stable across timeframes, ranging from 0.65 to 0.66 - a consistent structural relationship.
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Return for Risk
GLDI vs. SLVR — Risk / Return Rank
GLDI
SLVR
GLDI vs. SLVR - 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 Sprott Silver Miners & Physical Silver ETF (SLVR). 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 | SLVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.55 | 3.08 | -1.52 |
| Martin ratioReturn relative to average drawdown | 6.07 | 7.66 | -1.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLDI | SLVR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.93 | -0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 2.02 | -1.65 |
Drawdowns
GLDI vs. SLVR - Drawdown Comparison
The maximum GLDI drawdown since its inception was -32.26%, smaller than the maximum SLVR drawdown of -38.60%. Use the drawdown chart below to compare losses from any high point for GLDI and SLVR.
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Drawdown Indicators
| GLDI | SLVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.26% | -38.60% | +6.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.73% | -38.60% | +24.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.73% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -14.07% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.94% | — | — |
Current DrawdownCurrent decline from peak | -7.37% | -28.51% | +21.14% |
Average DrawdownAverage peak-to-trough decline | -14.00% | -9.24% | -4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 15.47% | -11.97% |
Volatility
GLDI vs. SLVR - Volatility Comparison
The current volatility for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) is 3.88%, while Sprott Silver Miners & Physical Silver ETF (SLVR) has a volatility of 19.31%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than SLVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLDI | SLVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 19.31% | -15.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 51.02% | -38.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.57% | 61.64% | -47.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.31% | 57.85% | -46.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.35% | 57.85% | -46.50% |
GLDI vs. SLVR - Expense Ratio Comparison
Both GLDI and SLVR have an expense ratio of 0.65%.
Dividends
GLDI vs. SLVR - Dividend Comparison
GLDI's dividend yield for the trailing twelve months is around 22.37%, more than SLVR's 3.45% 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% |
SLVR Sprott Silver Miners & Physical Silver ETF | 3.45% | 3.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDI and SLVR have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SLVR has higher volatility (19.31%) compared to GLDI (3.88%). In terms of maximum drawdown, GLDI dropped -32.26% vs SLVR's -38.60%.
On 1-year performance, SLVR leads with 118.11% vs 21.23% for GLDI. Both ETFs have the same 0.65% expense ratio. 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.
Over the 1-year period, SLVR has performed better with a 118.11% return vs 21.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDI and SLVR have the same expense ratio: 0.65% per year.
GLDI has the higher dividend yield at 22.37%, compared with 3.45% for SLVR.
GLDI is categorized as Precious Metals, while SLVR is Silver. GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index, while SLVR tracks Nasdaq Sprott Silver Miners™ Index. They also come from different issuers: Credit Suisse and Sprott.
SLVR currently has the higher Sharpe Ratio (1.93 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.
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