TRSG.L vs. GLDI
Compare and contrast key facts about Invesco US Treasury Bond UCITS ETF A (TRSG.L) and Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI).
TRSG.L and GLDI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRSG.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jan 11, 2019. 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. Both TRSG.L and GLDI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRSG.L or GLDI.
Key characteristics
| TRSG.L | GLDI | |
|---|---|---|
| YTD Return | -2.08% | 16.71% |
| 1Y Return | -1.82% | 22.86% |
| 3Y Return (Ann) | -3.98% | 7.71% |
| 5Y Return (Ann) | -2.82% | 8.98% |
| Sharpe Ratio | -0.02 | 2.51 |
| Sortino Ratio | 0.42 | 3.30 |
| Omega Ratio | 1.15 | 1.48 |
| Calmar Ratio | -0.04 | 5.80 |
| Martin Ratio | -0.06 | 19.76 |
| Ulcer Index | 20.89% | 1.18% |
| Daily Std Dev | 57.36% | 9.30% |
| Max Drawdown | -30.59% | -32.25% |
| Current Drawdown | -29.01% | -4.03% |
Correlation
The correlation between TRSG.L and GLDI is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
TRSG.L vs. GLDI - Performance Comparison
In the year-to-date period, TRSG.L achieves a -2.08% return, which is significantly lower than GLDI's 16.71% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TRSG.L vs. GLDI - Expense Ratio Comparison
TRSG.L has a 0.06% expense ratio, which is lower than GLDI's 0.65% expense ratio.
Risk-Adjusted Performance
TRSG.L vs. GLDI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond UCITS ETF A (TRSG.L) 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
TRSG.L vs. GLDI - Dividend Comparison
TRSG.L has not paid dividends to shareholders, while GLDI's dividend yield for the trailing twelve months is around 11.27%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TRSG.L Invesco US Treasury Bond UCITS ETF A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | 11.27% | 10.02% | 13.72% | 10.65% | 14.25% | 7.24% | 5.34% | 7.77% | 17.26% | 10.06% | 12.36% | 11.33% |
Drawdowns
TRSG.L vs. GLDI - Drawdown Comparison
The maximum TRSG.L drawdown since its inception was -30.59%, smaller than the maximum GLDI drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for TRSG.L and GLDI. For additional features, visit the drawdowns tool.
Volatility
TRSG.L vs. GLDI - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF A (TRSG.L) is 1.86%, while Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) has a volatility of 3.89%. This indicates that TRSG.L 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.