GLDI vs. YBTC

Last updated Jun 13, 2026

GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) and YBTC (Roundhill Bitcoin Covered Call Strategy ETF) are both exchange-traded funds - GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index, while YBTC is a Cryptocurrency fund actively managed by Roundhill. GLDI is passively managed, while YBTC is actively managed. Over the past year, GLDI returned 14.82% vs -37.59% for YBTC. At a 0.13 correlation, their price movements are largely independent. GLDI charges 0.65%/yr vs 0.95%/yr for YBTC.

Performance

GLDI vs. YBTC - 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 Roundhill Bitcoin Covered Call Strategy ETF (YBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLDI achieves a -2.64% return, which is significantly higher than YBTC's -24.91% return.

GLDI

• 1D: 0.42%
• 1M: -6.93%
• YTD: -2.64%
• 6M: -2.08%
• 1Y: 14.82%
• 3Y*: 17.80%
• 5Y*: 10.20%
• 10Y*: 8.20%

YBTC

• 1D: 0.37%
• 1M: -18.77%
• YTD: -24.91%
• 6M: -26.59%
• 1Y: -37.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GLDI vs. YBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN	-2.64%	34.25%	19.96%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	-24.91%	-4.23%	55.31%

Correlation

The correlation between GLDI and YBTC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jan 18, 2024	0.13

Return for Risk

GLDI vs. YBTC — Risk / Return Rank

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

GLDI

GLDI Risk / Return Rank: 29
GLDI Sharpe Ratio Rank: 30
GLDI Sortino Ratio Rank: 25
GLDI Omega Ratio Rank: 33
GLDI Calmar Ratio Rank: 25
GLDI Martin Ratio Rank: 30

YBTC

YBTC Risk / Return Rank: 2
YBTC Sharpe Ratio Rank: 2
YBTC Sortino Ratio Rank: 3
YBTC Omega Ratio Rank: 2
YBTC Calmar Ratio Rank: 3
YBTC Martin Ratio Rank: 2

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. YBTC - 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 Roundhill Bitcoin Covered Call Strategy ETF (YBTC). 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	YBTC	Difference
Sharpe ratio: Return per unit of total volatility	0.95	-0.95	+1.89
Sortino ratio: Return per unit of downside risk	1.26	-1.29	+2.55
Omega ratio: Gain probability vs. loss probability	1.20	0.84	+0.36
Calmar ratio: Return relative to maximum drawdown	1.05	-0.77	+1.82
Martin ratio: Return relative to average drawdown	3.77	-1.40	+5.18

GLDI vs. YBTC - Sharpe Ratio Comparison

The current GLDI Sharpe Ratio is 0.95, which is higher than the YBTC Sharpe Ratio of -0.95. The chart below compares the historical Sharpe Ratios of GLDI and YBTC, 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. YBTC - Drawdown Comparison

The maximum GLDI drawdown since its inception was -32.26%, smaller than the maximum YBTC drawdown of -48.82%. Use the drawdown chart below to compare losses from any high point for GLDI and YBTC.

Drawdown Indicators

	GLDI	YBTC	Difference
Max Drawdown Largest peak-to-trough decline	-32.26%	-48.82%	+16.56%
Max Drawdown (1Y) Largest decline over 1 year	-14.14%	-48.82%	+34.68%
Max Drawdown (3Y) Largest decline over 3 years	-14.14%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-14.94%	—	—
Current Drawdown Current decline from peak	-11.63%	-45.17%	+33.54%
Average Drawdown Average peak-to-trough decline	-13.99%	-13.27%	-0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.94%	26.82%	-22.88%

Volatility

GLDI vs. YBTC - Volatility Comparison

The current volatility for Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) is 6.70%, while Roundhill Bitcoin Covered Call Strategy ETF (YBTC) has a volatility of 12.36%. This indicates that GLDI experiences smaller price fluctuations and is considered to be less risky than YBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLDI	YBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.70%	12.36%	-5.66%
Volatility (6M) Calculated over the trailing 6-month period	14.24%	32.05%	-17.81%
Volatility (1Y) Calculated over the trailing 1-year period	15.75%	39.81%	-24.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.61%	40.99%	-29.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.50%	40.99%	-29.49%

GLDI vs. YBTC - Expense Ratio Comparison

GLDI has a 0.65% expense ratio, which is lower than YBTC's 0.95% expense ratio.

Dividends

GLDI vs. YBTC - Dividend Comparison

GLDI's dividend yield for the trailing twelve months is around 23.45%, less than YBTC's 87.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN	23.45%	16.15%	10.45%	10.02%	13.73%	10.65%	14.25%	7.25%	5.33%	7.77%	17.26%	10.07%
YBTC Roundhill Bitcoin Covered Call Strategy ETF	87.71%	76.04%	44.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GLDI and YBTC in my portfolio?

GLDI and YBTC have a correlation of 0.16, 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 YBTC?

YBTC has higher volatility (12.36%) compared to GLDI (6.70%). In terms of maximum drawdown, GLDI dropped -32.26% vs YBTC's -48.82%.

Which ETF is better, GLDI or YBTC?

On 1-year performance, GLDI leads with 14.82% vs -37.59% for YBTC. On fees, GLDI is cheaper at 0.65% per year. On volatility, GLDI has been the lower-risk option at 6.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GLDI or YBTC?

Over the 1-year period, GLDI has performed better with a 14.82% return vs -37.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GLDI or YBTC?

GLDI is cheaper with a 0.65% expense ratio, compared with 0.95% for YBTC.

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

YBTC has the higher dividend yield at 87.71%, compared with 23.45% for GLDI.

What is the main difference between GLDI and YBTC?

GLDI is categorized as Precious Metals, while YBTC is Cryptocurrency. They also come from different issuers: Credit Suisse and Roundhill. Their fees differ too: 0.65% for GLDI and 0.95% for YBTC.

Which has better risk-adjusted returns?

GLDI currently has the higher Sharpe Ratio (0.95 vs -0.95), 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.