Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2, 2033
Snapshot*
What is GLDI?
The Credit Suisse X-Links Gold Shares Covered Call ETNs (such exchange traded notes, the ETNs ) are senior, unsecured debt securities issued by Credit Suisse AG ( Credit Suisse ), acting through its Nassau Branch, that are linked to the return of the Credit Suisse NASDAQ Gold FLOWSTM (Formula-Linked OverWrite Strategy) 103 Index (the Index ). The Index seeks to implement a covered call investment strategy by maintaining a notional long position in shares of the SPDR Gold Trust ETF (GLD UP <Equity>) (the GLD shares ) while notionally selling monthly out-of-the-money call options on that position. We have listed the ETNs on The Nasdaq Stock Market ( Nasdaq ) under the ticker symbol GLDI .1 The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in a covered call strategy on GLD shares. The ETNs pay a monthly variable cash coupon based on the notional premiums received from selling the calls.
GLDIPerformance Measures**
for the time period Jan 29, 2013 to Jul 16, 2026
1M Trailing Return: -6.3%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -10.4%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -33.1%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 12.3%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: 0.35
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: 0.11
The annualized return divided by the max drawdown for the selected time period.
ETFs related toGLDI
ETFs correlated to GLDI include UGL, GLD, SGOL
What is ETF correlation?
Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.
Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.
Using ETF correlations in portfolio and strategy construction
ETF correlations can help you create investing strategies and portfolios. Use them to:
- •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
- •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
- •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.
Trading Strategies
Related toGLDI
BisonQuant Singing In The Rain
Category
Covered-call ETF rotation, income, mean reversion, momentum, multi-asset option-income
OOS Cumulative Return
-4.27%
Create your own algorithmic trading strategy with GLDI using Composer
FAQ
Disclaimers
We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.
We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.