KGLD vs. GLDI

Last updated Jul 15, 2026

KGLD (Kurv Gold Enhanced Income ETF ) and GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) are both exchange-traded funds - KGLD is a Derivative Income fund actively managed by Kurv, while GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index. KGLD is actively managed, while GLDI is passively managed. Over the past year, KGLD returned 19.85% vs 10.88% for GLDI. Their correlation of 0.86 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 UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KGLD achieves a -6.60% return, which is significantly lower than GLDI's -5.23% return.

KGLD

• 1D: 1.39%
• 1M: -3.93%
• 6M: -12.52%
• YTD: -6.60%
• 1Y: 19.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDI

• 1D: 1.33%
• 1M: -2.67%
• 6M: -7.90%
• YTD: -5.23%
• 1Y: 10.88%
• 3Y*: 16.38%
• 5Y*: 10.22%
• 10Y*: 7.78%

*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	-6.60%	29.75%
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033	-5.23%	17.62%

Correlation

The correlation between KGLD 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 (1Y) Calculated over the trailing 1-year period	0.86
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.86

The correlation between KGLD and GLDI has been stable across timeframes, ranging from 0.86 to 0.86 - a consistent structural relationship.

Return for Risk

KGLD vs. GLDI — Risk / Return Rank

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

KGLD

KGLD Risk / Return Rank: 22
KGLD Sharpe Ratio Rank: 24
KGLD Sortino Ratio Rank: 22
KGLD Omega Ratio Rank: 26
KGLD Calmar Ratio Rank: 20
KGLD Martin Ratio Rank: 19

GLDI

GLDI Risk / Return Rank: 22
GLDI Sharpe Ratio Rank: 23
GLDI Sortino Ratio Rank: 20
GLDI Omega Ratio Rank: 25
GLDI Calmar Ratio Rank: 20
GLDI Martin Ratio Rank: 21

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 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.

	KGLD	GLDI	Difference
Sharpe ratio: Return per unit of total volatility	0.69	0.66	+0.03
Sortino ratio: Return per unit of downside risk	1.04	0.93	+0.11
Omega ratio: Gain probability vs. loss probability	1.15	1.14	+0.01
Calmar ratio: Return relative to maximum drawdown	0.71	0.69	+0.02
Martin ratio: Return relative to average drawdown	1.70	2.01	-0.31

KGLD vs. GLDI - Sharpe Ratio Comparison

The current KGLD Sharpe Ratio is 0.69, which is comparable to the GLDI Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of KGLD and GLDI, 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

KGLD vs. GLDI - Drawdown Comparison

The maximum KGLD drawdown since its inception was -28.07%, 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	-28.07%	-32.26%	+4.19%
Max Drawdown (1Y) Largest decline over 1 year	-28.07%	-15.81%	-12.26%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.81%	—
Current Drawdown Current decline from peak	-26.90%	-13.98%	-12.92%
Average Drawdown Average peak-to-trough decline	-8.06%	-13.99%	+5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.69%	5.43%	+6.26%

Volatility

KGLD vs. GLDI - Volatility Comparison

Kurv Gold Enhanced Income ETF (KGLD) has a higher volatility of 7.04% compared to UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) at 6.08%. This indicates that KGLD'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.

Volatility by Period

	KGLD	GLDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.04%	6.08%	+0.96%
Volatility (6M) Calculated over the trailing 6-month period	25.13%	15.29%	+9.84%
Volatility (1Y) Calculated over the trailing 1-year period	28.97%	16.47%	+12.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.75%	11.76%	+16.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.75%	11.62%	+17.13%

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 15.45%, less than GLDI's 26.89% 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	26.89%	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	15.45%	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 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KGLD or GLDI?

KGLD has higher volatility (7.04%) compared to GLDI (6.08%). In terms of maximum drawdown, KGLD dropped -28.07% vs GLDI's -32.26%.

Which ETF is better, KGLD or GLDI?

On 1-year performance, KGLD leads with 19.85% vs 10.88% for GLDI. On fees, GLDI is cheaper at 0.65% per year. On volatility, GLDI has been the lower-risk option at 6.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KGLD or GLDI?

Over the 1-year period, KGLD has performed better with a 19.85% return vs 10.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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 26.89%, compared with 15.45% for KGLD.

What is the main difference between KGLD and GLDI?

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

Which has better risk-adjusted returns?

KGLD currently has the higher Sharpe Ratio (0.69 vs 0.66), 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.