GLDW.L vs. GLDI
Compare and contrast key facts about WisdomTree Core Physical Gold (GLDW.L) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI).
GLDW.L and GLDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLDW.L is a passively managed fund by WisdomTree that tracks the performance of the Gold. It was launched on Nov 30, 2020. GLDI is a passively managed fund by Credit Suisse Group AG that tracks the performance of the Credit Suisse NASDAQ Gold FLOWS 103 Index. It was launched on Jan 29, 2013. Both GLDW.L and GLDI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLDW.L or GLDI.
Key characteristics
| GLDW.L | GLDI | |
|---|---|---|
| YTD Return | 15.13% | 7.23% |
| 1Y Return | 15.87% | 11.15% |
| 3Y Return (Ann) | 12.60% | 4.79% |
| Sharpe Ratio | 1.42 | 1.34 |
| Daily Std Dev | 11.57% | 8.53% |
| Max Drawdown | -9.93% | -32.25% |
| Current Drawdown | -3.09% | -0.44% |
Correlation
The correlation between GLDW.L and GLDI is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
GLDW.L vs. GLDI - Performance Comparison
In the year-to-date period, GLDW.L achieves a 15.13% return, which is significantly higher than GLDI's 7.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GLDW.L vs. GLDI - Expense Ratio Comparison
GLDW.L has a 0.12% expense ratio, which is lower than GLDI's 0.65% expense ratio.
Risk-Adjusted Performance
GLDW.L vs. GLDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Core Physical Gold (GLDW.L) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI). 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.
Dividends
GLDW.L vs. GLDI - Dividend Comparison
GLDW.L has not paid dividends to shareholders, while GLDI's dividend yield for the trailing twelve months is around 8.38%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDW.L WisdomTree Core Physical Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 8.38% | 10.02% | 13.73% | 10.66% | 14.25% | 7.25% | 5.33% | 7.78% | 17.27% | 10.07% | 12.36% | 11.33% |
Drawdowns
GLDW.L vs. GLDI - Drawdown Comparison
The maximum GLDW.L drawdown since its inception was -9.93%, smaller than the maximum GLDI drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for GLDW.L and GLDI. For additional features, visit the drawdowns tool.
Volatility
GLDW.L vs. GLDI - Volatility Comparison
WisdomTree Core Physical Gold (GLDW.L) has a higher volatility of 4.74% compared to Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) at 3.49%. This indicates that GLDW.L's price experiences larger fluctuations and is considered to be riskier than GLDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.