UCIB vs. GLDI
UCIB (ETRACS CMCI Total Return ETN Series B) and GLDI (UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033) are both exchange-traded funds - UCIB is a Commodities fund tracking the UBS Bloomberg CMCI Index, while GLDI is a Gold fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index. Both are passively managed. Over the past 10 years, UCIB returned 9.99%/yr vs 7.83%/yr for GLDI. At a 0.17 correlation, their price movements are largely independent. UCIB charges 0.55%/yr vs 0.65%/yr for GLDI.
Performance
UCIB vs. GLDI - Performance Comparison
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Returns By Period
In the year-to-date period, UCIB achieves a 17.40% return, which is significantly higher than GLDI's -4.45% return. Over the past 10 years, UCIB has outperformed GLDI with an annualized return of 9.99%, while GLDI has yielded a comparatively lower 7.83% annualized return.
UCIB
- 1D
- -0.15%
- 1M
- -5.98%
- YTD
- 17.40%
- 6M
- 17.51%
- 1Y
- 22.65%
- 3Y*
- 11.68%
- 5Y*
- 11.67%
- 10Y*
- 9.99%
GLDI
- 1D
- -1.62%
- 1M
- -7.19%
- YTD
- -4.45%
- 6M
- -5.42%
- 1Y
- 11.67%
- 3Y*
- 17.47%
- 5Y*
- 10.96%
- 10Y*
- 7.83%
UCIB vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCIB ETRACS CMCI Total Return ETN Series B | 17.40% | 8.97% | 6.58% | -2.26% | 18.24% | 37.34% | 1.10% | 10.86% | -9.48% | 5.85% |
GLDI UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 | -4.45% | 34.25% | 17.76% | 8.93% | -1.11% | -3.42% | 23.50% | 14.40% | -0.54% | 8.94% |
Correlation
The correlation between UCIB and GLDI is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2015 | 0.17 |
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Return for Risk
UCIB vs. GLDI — Risk / Return Rank
UCIB
GLDI
UCIB vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETRACS CMCI Total Return ETN Series B (UCIB) 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.
| UCIB | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.16 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 0.83 | +0.45 |
| Martin ratioReturn relative to average drawdown | 3.95 | 2.73 | +1.22 |
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Drawdowns
UCIB vs. GLDI - Drawdown Comparison
The maximum UCIB drawdown since its inception was -51.29%, which is greater than GLDI's maximum drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for UCIB and GLDI.
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Drawdown Indicators
| UCIB | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.29% | -32.26% | -19.03% |
Max Drawdown (1Y)Largest decline over 1 year | -17.82% | -14.14% | -3.68% |
Max Drawdown (3Y)Largest decline over 3 years | -17.82% | -14.14% | -3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -20.95% | -14.14% | -6.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.94% | -14.94% | -22.00% |
Current DrawdownCurrent decline from peak | -17.82% | -13.28% | -4.54% |
Average DrawdownAverage peak-to-trough decline | -21.03% | -13.99% | -7.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 4.30% | +1.46% |
Volatility
UCIB vs. GLDI - Volatility Comparison
ETRACS CMCI Total Return ETN Series B (UCIB) and UBS AG ETRACS Gold Shares Covered Call ETNs due February 2, 2033 (GLDI) have volatilities of 7.47% and 7.18%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCIB | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.47% | 7.18% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 31.71% | 14.58% | +17.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.37% | 15.99% | +16.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.86% | 11.58% | +15.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.33% | 11.52% | +11.81% |
UCIB vs. GLDI - Expense Ratio Comparison
UCIB has a 0.55% expense ratio, which is lower than GLDI's 0.65% expense ratio.
Dividends
UCIB vs. GLDI - Dividend Comparison
UCIB has not paid dividends to shareholders, while GLDI's dividend yield for the trailing twelve months is around 26.67%.
| 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 | 26.67% | 16.15% | 10.45% | 10.02% | 13.73% | 10.65% | 14.25% | 7.25% | 5.33% | 7.77% | 17.26% | 10.07% |
UCIB ETRACS CMCI Total Return ETN Series B | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCIB and GLDI have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCIB has higher volatility (7.47%) compared to GLDI (7.18%). In terms of maximum drawdown, UCIB dropped -51.29% vs GLDI's -32.26%.
On 10-year performance, UCIB leads with 9.99% vs 7.83% for GLDI. On fees, UCIB is cheaper at 0.55% per year. On volatility, GLDI has been the lower-risk option at 7.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UCIB has performed better with a 9.99% return vs 7.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCIB is cheaper with a 0.55% expense ratio, compared with 0.65% for GLDI.
GLDI has the higher dividend yield at 26.67%, compared with 0.00% for UCIB.
UCIB is categorized as Commodities, while GLDI is Gold. UCIB tracks UBS Bloomberg CMCI Index, while GLDI tracks Credit Suisse NASDAQ Gold FLOWS 103 Index. Their fees differ too: 0.55% for UCIB and 0.65% for GLDI.
GLDI currently has the higher Sharpe Ratio (0.73 vs 0.70), 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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