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ETFs

Credit Suisse X-Links Gold Shares Covered Call ETNs due February 2, 2033

GLDI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 01 2013
Expense Ratio
0.65%
Type
Global Commodities & Metals
Fund Owner
Credit Suisse
Volume (1m avg. daily)
$232,237
AUM
$78,805,575
Associated Index
Credit Suisse NASDAQ Gold FLOWSTM 103 Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View
Invest with GLDI

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.

ETFs related toGLDI

ETFs correlated to GLDI include UGL, GLD, SGOL

GLDI
Credit Suisse AG Nassau Branch - Credit Suisse X-Links Gold Shares Covered Call ETN
UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
GLD
SSgA Active Trust - SPDR Gold Shares ETF
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF

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.

Automated Strategies
Related toGLDI

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GLDI using Composer

FAQ

GLDI is a Global Commodities & Metals ETF. 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.

GLDI tracks the Credit Suisse NASDAQ Gold FLOWSTM 103 Index.

No, GLDI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, GLDI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on GLDI is 0.0026%. This is the percent change in the value of GLDI over the most recent 1-month period. The 3-month return on GLDI is 0.0071%. This is the percent change in the value of GLDI over the most recent 3-month period.

The standard deviation of GLDI for the past year is 0.107%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to GLDI include CPER, PPLT, and SIVR.

ETFs correlated to GLDI include UGL, GLD, and SGOL.

ETFs that are inversely correlated to GLDI include GLL, GDXD, and DUST.

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.