MOOD vs. GLDI
MOOD (Relative Sentiment Tactical Allocation ETF) and GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) are both exchange-traded funds - MOOD is a Tactical Allocation fund actively managed by Relative Sentiment, while GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index. MOOD is actively managed, while GLDI is passively managed. Over the past 3 years, MOOD returned 20.20%/yr vs 17.80%/yr for GLDI. At a 0.46 correlation, their price movements are largely independent. MOOD charges 0.68%/yr vs 0.65%/yr for GLDI.
Performance
MOOD vs. GLDI - Performance Comparison
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Returns By Period
In the year-to-date period, MOOD achieves a 14.12% return, which is significantly higher than GLDI's -2.64% return.
MOOD
- 1D
- 0.41%
- 1M
- 0.95%
- YTD
- 14.12%
- 6M
- 15.59%
- 1Y
- 34.43%
- 3Y*
- 20.20%
- 5Y*
- —
- 10Y*
- —
GLDI
- 1D
- 0.42%
- 1M
- -6.86%
- YTD
- -2.64%
- 6M
- -2.08%
- 1Y
- 13.60%
- 3Y*
- 17.80%
- 5Y*
- 10.20%
- 10Y*
- 8.20%
MOOD vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MOOD Relative Sentiment Tactical Allocation ETF | 14.12% | 30.39% | 12.53% | 12.56% | -3.31% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | -2.64% | 34.25% | 17.76% | 8.93% | 0.75% |
Correlation
The correlation between MOOD and GLDI is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since May 19, 2022 | 0.46 |
The correlation between MOOD and GLDI has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.
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Return for Risk
MOOD vs. GLDI — Risk / Return Rank
MOOD
GLDI
MOOD vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Relative Sentiment Tactical Allocation ETF (MOOD) 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.
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.
| MOOD | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.37 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.20 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.05 | +2.41 |
| Martin ratioReturn relative to average drawdown | 10.68 | 3.77 | +6.91 |
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Drawdowns
MOOD vs. GLDI - Drawdown Comparison
The maximum MOOD drawdown since its inception was -14.34%, smaller than the maximum GLDI drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for MOOD and GLDI.
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Drawdown Indicators
| MOOD | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.34% | -32.26% | +17.92% |
Max Drawdown (1Y)Largest decline over 1 year | -9.71% | -14.14% | +4.43% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -14.14% | +4.43% |
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 | -0.86% | -11.63% | +10.77% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -13.99% | +11.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.94% | -0.80% |
Volatility
MOOD vs. GLDI - Volatility Comparison
The current volatility for Relative Sentiment Tactical Allocation ETF (MOOD) is 4.19%, while Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) has a volatility of 6.70%. This indicates that MOOD experiences smaller price fluctuations and is considered to be less risky than GLDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MOOD | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 6.70% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 14.24% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.49% | 15.75% | -1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.13% | 11.61% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.13% | 11.50% | +0.63% |
MOOD vs. GLDI - Expense Ratio Comparison
MOOD has a 0.68% expense ratio, which is higher than GLDI's 0.65% expense ratio.
Dividends
MOOD vs. GLDI - Dividend Comparison
MOOD's dividend yield for the trailing twelve months is around 0.35%, less than GLDI's 23.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 23.45% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
MOOD Relative Sentiment Tactical Allocation ETF | 0.35% | 0.40% | 1.33% | 1.34% | 1.43% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MOOD and GLDI have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLDI has higher volatility (6.70%) compared to MOOD (4.19%). In terms of maximum drawdown, MOOD dropped -14.34% vs GLDI's -32.26%.
On 3-year performance, MOOD leads with 20.20% vs 17.80% for GLDI. On fees, GLDI is cheaper at 0.65% per year. On volatility, MOOD has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MOOD has performed better with a 20.20% return vs 17.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLDI is cheaper with a 0.65% expense ratio, compared with 0.68% for MOOD.
GLDI has the higher dividend yield at 23.45%, compared with 0.35% for MOOD.
MOOD is categorized as Tactical Allocation, while GLDI is Precious Metals. They also come from different issuers: Relative Sentiment and Credit Suisse. Their fees differ too: 0.68% for MOOD and 0.65% for GLDI.
MOOD currently has the higher Sharpe Ratio (2.32 vs 0.95), 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.
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