GLDW vs. GLDI
GLDW (Roundhill Gold WeeklyPay ETF) and GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) are both exchange-traded funds - GLDW is a Derivative Income fund actively managed by State Street, while GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index. GLDW is actively managed, while GLDI is passively managed. Their correlation of 0.86 suggests significant overlap in exposure. GLDW charges 0.99%/yr vs 0.65%/yr for GLDI.
Performance
GLDW vs. GLDI - Performance Comparison
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Returns By Period
In the year-to-date period, GLDW achieves a -8.13% return, which is significantly lower than GLDI's -4.45% return.
GLDW
- 1D
- -1.99%
- 1M
- -10.73%
- YTD
- -8.13%
- 6M
- -12.71%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
GLDW vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLDW Roundhill Gold WeeklyPay ETF | -8.13% | 9.36% |
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.45% | 8.53% |
Correlation
The correlation between GLDW and GLDI is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 30, 2025 | 0.86 |
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Return for Risk
GLDW vs. GLDI — Risk / Return Rank
GLDW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLDI
GLDW vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Gold WeeklyPay ETF (GLDW) and UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (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.
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.
| GLDW | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.16 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.83 | — |
| Martin ratioReturn relative to average drawdown | — | 2.73 | — |
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Drawdowns
GLDW vs. GLDI - Drawdown Comparison
The maximum GLDW drawdown since its inception was -30.07%, smaller than the maximum GLDI drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for GLDW and GLDI.
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Drawdown Indicators
| GLDW | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.07% | -32.26% | +2.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.14% | — |
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 DrawdownCurrent decline from peak | -29.51% | -13.28% | -16.23% |
Average DrawdownAverage peak-to-trough decline | -10.30% | -13.99% | +3.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.30% | — |
Volatility
GLDW vs. GLDI - Volatility Comparison
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Volatility by Period
| GLDW | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 14.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 37.17% | 15.99% | +21.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.17% | 11.58% | +25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.17% | 11.52% | +25.65% |
GLDW vs. GLDI - Expense Ratio Comparison
GLDW has a 0.99% expense ratio, which is higher than GLDI's 0.65% expense ratio.
Dividends
GLDW vs. GLDI - Dividend Comparison
GLDW's dividend yield for the trailing twelve months is around 23.10%, less than GLDI's 26.67% 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% |
GLDW Roundhill Gold WeeklyPay ETF | 23.10% | 3.75% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GLDW and GLDI have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI is cheaper with a 0.65% expense ratio, compared with 0.99% for GLDW.
GLDI has the higher dividend yield at 26.67%, compared with 23.10% for GLDW.
GLDW is categorized as Derivative Income, while GLDI is Gold. They also come from different issuers: State Street and UBS. Their fees differ too: 0.99% for GLDW and 0.65% for GLDI.
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