KGLD vs. GLDI

Last updated Jun 4, 2026

KGLD (Kurv Gold Enhanced Income ETF ) and GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) are both exchange-traded funds - KGLD is a Derivative Income fund actively managed by Kurv, while GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index. KGLD is actively managed, while GLDI is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. KGLD charges 1.00%/yr vs 0.65%/yr for GLDI.

Performance

KGLD vs. GLDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv Gold Enhanced Income ETF (KGLD) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KGLD achieves a 2.99% return, which is significantly higher than GLDI's 2.06% return.

KGLD

• 1D: -1.05%
• 1M: -1.84%
• YTD: 2.99%
• 6M: 5.94%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

KGLD vs. GLDI - Yearly Performance Comparison

	2026 (YTD)	2025
KGLD Kurv Gold Enhanced Income ETF	2.99%	29.75%
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN	2.06%	18.49%

Correlation

The correlation between KGLD and GLDI is 0.84, 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 Jul 9, 2025	0.84

Return for Risk

KGLD vs. GLDI — Risk / Return Rank

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

GLDI

GLDI Risk / Return Rank: 38
GLDI Sharpe Ratio Rank: 40
GLDI Sortino Ratio Rank: 35
GLDI Omega Ratio Rank: 47
GLDI Calmar Ratio Rank: 31
GLDI Martin Ratio Rank: 38

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.

KGLD vs. GLDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv Gold Enhanced Income ETF (KGLD) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	KGLD	GLDI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.46	—
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	1.32	0.37	+0.95

Drawdowns

KGLD vs. GLDI - Drawdown Comparison

The maximum KGLD drawdown since its inception was -20.29%, smaller than the maximum GLDI drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for KGLD and GLDI.

Drawdown Indicators

	KGLD	GLDI	Difference
Max Drawdown Largest peak-to-trough decline	-20.29%	-32.26%	+11.97%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.73%	—
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 Drawdown Current decline from peak	-19.40%	-7.37%	-12.03%
Average Drawdown Average peak-to-trough decline	-6.10%	-14.00%	+7.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.50%	—

Volatility

Volatility by Period

	KGLD	GLDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.88%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.72%	14.57%	+14.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.72%	11.31%	+17.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.72%	11.35%	+17.37%

KGLD vs. GLDI - Expense Ratio Comparison

KGLD has a 1.00% expense ratio, which is higher than GLDI's 0.65% expense ratio.

Dividends

KGLD vs. GLDI - Dividend Comparison

KGLD's dividend yield for the trailing twelve months is around 12.64%, less than GLDI's 22.37% 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%
KGLD Kurv Gold Enhanced Income ETF	12.64%	4.59%	0.00%	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 KGLD and GLDI in my portfolio?

KGLD and GLDI have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KGLD or GLDI?

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.

Which ETF is cheaper, KGLD or GLDI?

GLDI is cheaper with a 0.65% expense ratio, compared with 1.00% for KGLD.

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

GLDI has the higher dividend yield at 22.37%, compared with 12.64% for KGLD.

What is the main difference between KGLD and GLDI?

KGLD is categorized as Derivative Income, while GLDI is Precious Metals. They also come from different issuers: Kurv and Credit Suisse. Their fees differ too: 1.00% for KGLD and 0.65% for GLDI.