IGLD vs. GLDI
Compare and contrast key facts about FT Cboe Vest Gold Strategy Target Income ETF (IGLD) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI).
IGLD and GLDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IGLD is an actively managed fund by First Trust. It was launched on Mar 2, 2021. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IGLD or GLDI.
Correlation
The correlation between IGLD and GLDI is 0.82, 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
IGLD vs. GLDI - Performance Comparison
Key characteristics
IGLD:
2.30
GLDI:
2.23
IGLD:
3.19
GLDI:
2.92
IGLD:
1.43
GLDI:
1.44
IGLD:
4.04
GLDI:
4.02
IGLD:
13.34
GLDI:
15.00
IGLD:
2.26%
GLDI:
1.55%
IGLD:
13.11%
GLDI:
10.40%
IGLD:
-18.58%
GLDI:
-32.26%
IGLD:
0.00%
GLDI:
0.00%
Returns By Period
In the year-to-date period, IGLD achieves a 18.90% return, which is significantly higher than GLDI's 11.02% return.
IGLD
18.90%
6.85%
15.62%
30.54%
N/A
N/A
GLDI
11.02%
2.93%
9.71%
22.67%
9.15%
6.85%
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IGLD vs. GLDI - Expense Ratio Comparison
IGLD has a 0.85% expense ratio, which is higher than GLDI's 0.65% expense ratio.
Risk-Adjusted Performance
IGLD vs. GLDI — Risk-Adjusted Performance Rank
IGLD
GLDI
IGLD vs. GLDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Gold Strategy Target Income ETF (IGLD) 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
IGLD vs. GLDI - Dividend Comparison
IGLD's dividend yield for the trailing twelve months is around 17.68%, more than GLDI's 11.57% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLD FT Cboe Vest Gold Strategy Target Income ETF | 17.68% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 11.57% | 11.22% | 10.02% | 13.72% | 10.65% | 14.25% | 7.24% | 5.34% | 7.77% | 17.26% | 10.06% | 12.36% |
Drawdowns
IGLD vs. GLDI - Drawdown Comparison
The maximum IGLD drawdown since its inception was -18.58%, smaller than the maximum GLDI drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for IGLD and GLDI. For additional features, visit the drawdowns tool.
Volatility
IGLD vs. GLDI - Volatility Comparison
FT Cboe Vest Gold Strategy Target Income ETF (IGLD) has a higher volatility of 6.14% compared to Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) at 2.04%. This indicates that IGLD'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.