Skip to Content
ETFs

USCF GOLD STRATEGY PLUS INCOME FUND

GLDX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Nov 02 2021
Expense Ratio
0.53%
Type
Global Commodities & Metals
Fund Owner
United States Commodity Funds
Volume (1m avg. daily)
$162,823
AUM
$3,251,250
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
TREASURY BILL 0 6/22/2023
64.57%
n/a
BNY CASH RESERVE
38.57%
n/a
US DOLLARS
1.75%
n/a
Derivatives offset
-113.48%
Invest with GLDX

What is GLDX?

The Fund seeks to achieve its investment objective by maintaining substantial economic exposure to the performance of the Gold Markets (physical gold and gold futures markets) by investing in: i) negotiable warehouse receipts, called warrants (Gold Warrants), evidencing ownership of specific gold bars stored in licensed depositories in and around New York City, and ii) fully margined and collateralized gold futures contracts. Also, to obtain the desired economic exposure, the Fund may transact in other gold-related derivative instruments such as cash-settled options, forward contracts, options on futures contracts, and other options (Gold Interests).

ETFs related toGLDX

ETFs correlated to GLDX include UNIY, CGSD, TUA

GLDX
USCF ETF Trust - USCF Gold Strategy Plus Income Fund
UNIY
WisdomTree Trust - WisdomTree Voya Yield Enhanced USD Universal Bond Fund
CGSD
Capital Group Fixed Income ETF Trust - Capital Group Short Duration Income ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
FGLD
Franklin Templeton Holdings Trust - Franklin Responsibly Sourced Gold ETF
OBIL
Rbb Fund Inc - US Treasury 12 Month Bill ETF
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
GLD
SSgA Active Trust - SPDR Gold 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 toGLDX

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GLDX using Composer

FAQ

GLDX is a Global Commodities & Metals ETF. The Fund seeks to achieve its investment objective by maintaining substantial economic exposure to the performance of the Gold Markets (physical gold and gold futures markets) by investing in: i) negotiable warehouse receipts, called warrants (Gold Warrants), evidencing ownership of specific gold bars stored in licensed depositories in and around New York City, and ii) fully margined and collateralized gold futures contracts. Also, to obtain the desired economic exposure, the Fund may transact in other gold-related derivative instruments such as cash-settled options, forward contracts, options on futures contracts, and other options (Gold Interests).

Yes, GLDX is actively 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.

No, GLDX is not passively managed. It is actively 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 GLDX is 0.0272%. This is the percent change in the value of GLDX over the most recent 1-month period. The 3-month return on GLDX is 0.0423%. This is the percent change in the value of GLDX over the most recent 3-month period.

The standard deviation of GLDX for the past year is 0.1184%. 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 GLDX include SGOL, DBB, and PPLT.

ETFs correlated to GLDX include UNIY, CGSD, and TUA.

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

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.