NVDI.L vs. GLDI.L
NVDI.L (IncomeShares NVIDIA NVDA Options ETP) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - NVDI.L is a Options Trading fund actively managed by Leverage Shares, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. Both are actively managed. Over the past year, NVDI.L returned 19.03% vs 27.00% for GLDI.L. At a 0.08 correlation, their price movements are largely independent. NVDI.L charges 0.55%/yr vs 0.35%/yr for GLDI.L.
Performance
NVDI.L vs. GLDI.L - Performance Comparison
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Returns By Period
In the year-to-date period, NVDI.L achieves a -0.43% return, which is significantly higher than GLDI.L's -0.81% return.
NVDI.L
- 1D
- 0.00%
- 1M
- 3.53%
- YTD
- -0.43%
- 6M
- 2.01%
- 1Y
- 19.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDI.L
- 1D
- -0.21%
- 1M
- -3.74%
- YTD
- -0.81%
- 6M
- 1.10%
- 1Y
- 27.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NVDI.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
NVDI.L IncomeShares NVIDIA NVDA Options ETP | -0.43% | 16.65% | -7.10% |
GLDI.L IncomeShares Gold+ Yield ETP | -0.81% | 61.04% | 6.19% |
Correlation
The correlation between NVDI.L and GLDI.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.08 |
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Return for Risk
NVDI.L vs. GLDI.L — Risk / Return Rank
NVDI.L
GLDI.L
NVDI.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IncomeShares NVIDIA NVDA Options ETP (NVDI.L) and IncomeShares Gold+ Yield ETP (GLDI.L). 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.
| NVDI.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.62 | -0.70 |
| Martin ratioReturn relative to average drawdown | 2.00 | 4.13 | -2.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDI.L | GLDI.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 1.23 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 1.74 | -1.64 |
Drawdowns
NVDI.L vs. GLDI.L - Drawdown Comparison
The maximum NVDI.L drawdown since its inception was -31.39%, which is greater than GLDI.L's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for NVDI.L and GLDI.L.
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Drawdown Indicators
| NVDI.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.39% | -16.47% | -14.92% |
Max Drawdown (1Y)Largest decline over 1 year | -21.59% | -16.47% | -5.12% |
Current DrawdownCurrent decline from peak | -9.62% | -15.11% | +5.49% |
Average DrawdownAverage peak-to-trough decline | -10.27% | -3.38% | -6.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.98% | 6.46% | +3.52% |
Volatility
NVDI.L vs. GLDI.L - Volatility Comparison
IncomeShares NVIDIA NVDA Options ETP (NVDI.L) has a higher volatility of 10.09% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 4.55%. This indicates that NVDI.L's price experiences larger fluctuations and is considered to be riskier than GLDI.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDI.L | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.09% | 4.55% | +5.54% |
Volatility (6M)Calculated over the trailing 6-month period | 20.28% | 18.56% | +1.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.34% | 21.67% | +10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.31% | 18.78% | +20.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.31% | 18.78% | +20.53% |
NVDI.L vs. GLDI.L - Expense Ratio Comparison
NVDI.L has a 0.55% expense ratio, which is higher than GLDI.L's 0.35% expense ratio.
Dividends
NVDI.L vs. GLDI.L - Dividend Comparison
NVDI.L's dividend yield for the trailing twelve months is around 20.63%, more than GLDI.L's 12.75% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | 12.75% | 9.15% | 1.08% |
NVDI.L IncomeShares NVIDIA NVDA Options ETP | 20.63% | 32.04% | 2.59% |
Frequently Asked Questions
NVDI.L and GLDI.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDI.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDI.L is cheaper with a 0.35% expense ratio, compared with 0.55% for NVDI.L.
NVDI.L is categorized as Options Trading, while GLDI.L is Derivative Income. Their fees differ too: 0.55% for NVDI.L and 0.35% for GLDI.L.
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