YMAX vs. GLDI
YMAX (YieldMax Universe Fund of Option Income ETFs) and GLDI (Credit Suisse X-Links Gold Shares Covered Call ETN) are both exchange-traded funds - YMAX is a Derivative Income fund actively managed by YieldMax, while GLDI is a Precious Metals fund tracking the Credit Suisse NASDAQ Gold FLOWS 103 Index. YMAX is actively managed, while GLDI is passively managed. Over the past year, YMAX returned 1.21% vs 14.82% for GLDI. At a 0.16 correlation, their price movements are largely independent. YMAX charges 1.28%/yr vs 0.65%/yr for GLDI.
Performance
YMAX vs. GLDI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, YMAX achieves a -0.45% return, which is significantly higher than GLDI's -2.64% return.
YMAX
- 1D
- -0.50%
- 1M
- -3.17%
- YTD
- -0.45%
- 6M
- -2.72%
- 1Y
- 1.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLDI
- 1D
- 0.42%
- 1M
- -6.93%
- YTD
- -2.64%
- 6M
- -2.08%
- 1Y
- 14.82%
- 3Y*
- 17.80%
- 5Y*
- 10.20%
- 10Y*
- 8.20%
YMAX vs. GLDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YMAX YieldMax Universe Fund of Option Income ETFs | -0.45% | 6.04% | 26.90% |
GLDI Credit Suisse X-Links Gold Shares Covered Call ETN | -2.64% | 34.25% | 18.87% |
Correlation
The correlation between YMAX and GLDI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 17, 2024 | 0.16 |
The correlation between YMAX and GLDI shifts across timeframes, from 0.16 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
YMAX vs. GLDI — Risk / Return Rank
YMAX
GLDI
YMAX vs. GLDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax Universe Fund of Option Income ETFs (YMAX) 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.
| YMAX | GLDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.20 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 1.05 | -1.01 |
| Martin ratioReturn relative to average drawdown | 0.11 | 3.77 | -3.66 |
Loading charts...
Drawdowns
YMAX vs. GLDI - Drawdown Comparison
The maximum YMAX drawdown since its inception was -26.13%, smaller than the maximum GLDI drawdown of -32.26%. Use the drawdown chart below to compare losses from any high point for YMAX and GLDI.
Loading charts...
Drawdown Indicators
| YMAX | GLDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.13% | -32.26% | +6.13% |
Max Drawdown (1Y)Largest decline over 1 year | -26.13% | -14.14% | -11.99% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.14% | — |
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 | -11.74% | -11.63% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -6.37% | -13.99% | +7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.14% | 3.94% | +7.20% |
Volatility
YMAX vs. GLDI - Volatility Comparison
YieldMax Universe Fund of Option Income ETFs (YMAX) has a higher volatility of 10.24% compared to Credit Suisse X-Links Gold Shares Covered Call ETN (GLDI) at 6.70%. This indicates that YMAX's price experiences larger fluctuations and is considered to be riskier than GLDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| YMAX | GLDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.24% | 6.70% | +3.54% |
Volatility (6M)Calculated over the trailing 6-month period | 19.15% | 14.24% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.11% | 15.75% | +7.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.49% | 11.61% | +11.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.49% | 11.50% | +11.99% |
YMAX vs. GLDI - Expense Ratio Comparison
YMAX has a 1.28% expense ratio, which is higher than GLDI's 0.65% expense ratio.
Dividends
YMAX vs. GLDI - Dividend Comparison
YMAX's dividend yield for the trailing twelve months is around 75.03%, more 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% |
YMAX YieldMax Universe Fund of Option Income ETFs | 75.03% | 78.70% | 44.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
YMAX and GLDI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YMAX has higher volatility (10.24%) compared to GLDI (6.70%). In terms of maximum drawdown, YMAX dropped -26.13% vs GLDI's -32.26%.
On 1-year performance, GLDI leads with 14.82% vs 1.21% for YMAX. On fees, GLDI is cheaper at 0.65% per year. On volatility, GLDI has been the lower-risk option at 6.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GLDI has performed better with a 14.82% return vs 1.21%. 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 1.28% for YMAX.
YMAX has the higher dividend yield at 75.03%, compared with 23.45% for GLDI.
YMAX is categorized as Derivative Income, while GLDI is Precious Metals. They also come from different issuers: YieldMax and Credit Suisse. Their fees differ too: 1.28% for YMAX and 0.65% for GLDI.
GLDI currently has the higher Sharpe Ratio (0.95 vs 0.05), 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.
Find the right allocation for YMAX and GLDI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer