XGDU.L vs. GLDI.L
XGDU.L (Xtrackers IE Physical Gold ETC Securities) and GLDI.L (IncomeShares Gold+ Yield ETP) are both exchange-traded funds - XGDU.L is a Gold fund tracking the Gold, while GLDI.L is a Derivative Income fund actively managed by Leverage Shares. XGDU.L is passively managed, while GLDI.L is actively managed. Over the past year, XGDU.L returned 21.03% vs 10.63% for GLDI.L. Their correlation of 0.86 suggests significant overlap in exposure. XGDU.L charges 0.12%/yr vs 0.35%/yr for GLDI.L.
Performance
XGDU.L vs. GLDI.L - Performance Comparison
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Returns By Period
In the year-to-date period, XGDU.L achieves a -6.56% return, which is significantly higher than GLDI.L's -11.83% return.
XGDU.L
- 1D
- 0.47%
- 1M
- -10.65%
- YTD
- -6.56%
- 6M
- -10.43%
- 1Y
- 21.03%
- 3Y*
- 27.69%
- 5Y*
- 17.57%
- 10Y*
- —
GLDI.L
- 1D
- 0.00%
- 1M
- -8.90%
- YTD
- -11.83%
- 6M
- -14.93%
- 1Y
- 10.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XGDU.L vs. GLDI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XGDU.L Xtrackers IE Physical Gold ETC Securities | -6.56% | 64.73% | 7.48% |
GLDI.L IncomeShares Gold+ Yield ETP | -11.83% | 56.02% | 2.95% |
Correlation
The correlation between XGDU.L and GLDI.L is 0.84, 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 | 0.84 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2024 | 0.86 |
The correlation between XGDU.L and GLDI.L has been stable across timeframes, ranging from 0.84 to 0.86 - a consistent structural relationship.
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Return for Risk
XGDU.L vs. GLDI.L — Risk / Return Rank
XGDU.L
GLDI.L
XGDU.L vs. GLDI.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers IE Physical Gold ETC Securities (XGDU.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.
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.
| XGDU.L | GLDI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.10 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 0.44 | +0.41 |
| Martin ratioReturn relative to average drawdown | 2.48 | 1.17 | +1.31 |
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Drawdowns
XGDU.L vs. GLDI.L - Drawdown Comparison
The maximum XGDU.L drawdown since its inception was -24.55%, roughly equal to the maximum GLDI.L drawdown of -23.97%. Use the drawdown chart below to compare losses from any high point for XGDU.L and GLDI.L.
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Drawdown Indicators
| XGDU.L | GLDI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.55% | -23.97% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -24.55% | -23.97% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -24.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.55% | — | — |
Current DrawdownCurrent decline from peak | -24.19% | -23.97% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -4.44% | -2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 9.04% | -0.58% |
Volatility
XGDU.L vs. GLDI.L - Volatility Comparison
Xtrackers IE Physical Gold ETC Securities (XGDU.L) has a higher volatility of 9.15% compared to IncomeShares Gold+ Yield ETP (GLDI.L) at 7.50%. This indicates that XGDU.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
| XGDU.L | GLDI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 7.50% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 23.16% | 19.71% | +3.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.02% | 22.55% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 19.38% | -1.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.39% | 19.38% | -1.99% |
XGDU.L vs. GLDI.L - Expense Ratio Comparison
XGDU.L has a 0.12% expense ratio, which is lower than GLDI.L's 0.35% expense ratio.
Dividends
XGDU.L vs. GLDI.L - Dividend Comparison
XGDU.L has not paid dividends to shareholders, while GLDI.L's dividend yield for the trailing twelve months is around 6.81%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLDI.L IncomeShares Gold+ Yield ETP | 6.81% | 6.28% | 0.50% |
XGDU.L Xtrackers IE Physical Gold ETC Securities | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XGDU.L and GLDI.L have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XGDU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XGDU.L is cheaper with a 0.12% expense ratio, compared with 0.35% for GLDI.L.
XGDU.L is categorized as Gold, while GLDI.L is Derivative Income. They also come from different issuers: Xtrackers and Leverage Shares. Their fees differ too: 0.12% for XGDU.L and 0.35% for GLDI.L.
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