(GLDI) Credit Suisse X-Links Gold - Overview
Etf: ETN, Gold, Covered Call, GLD
Dividends
| Dividend Yield | 19.12% |
| Yield on Cost 5y | 29.52% |
| Yield CAGR 5y | 136.24% |
| Payout Consistency | 85.3% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 13.0% |
| Relative Tail Risk | -2.53% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 2.59 |
| Alpha | 30.13 |
| Character TTM | |
|---|---|
| Beta | -0.001 |
| Beta Downside | -0.062 |
| Drawdowns 3y | |
|---|---|
| Max DD | 8.19% |
| CAGR/Max DD | 2.62 |
Description: GLDI Credit Suisse X-Links Gold January 18, 2026
The Credit Suisse X-Links Gold Shares Covered Call ETN (NASDAQ: GLDI) tracks a covered-call strategy on the SPDR Gold Trust (GLD). Its return combines the price movement of GLD shares with the premium earned from selling monthly call options on those shares, minus any trading costs incurred to maintain the position.
Key quantitative points (as of the latest filing):
• Expense ratio ≈ 0.45% p.a., reflecting the cost of the ETN structure and option-trading fees.
• Historical annualized “yield” from option premiums has averaged 4-5% in low-volatility environments, rising above 7% when GLD’s implied volatility spikes.
• Correlation to spot gold remains high (> 0.95), but the covered-call overlay typically reduces upside volatility by 15-20% while capping upside participation at the strike price of the sold calls.
Macro-level drivers that influence GLDI’s performance include:
• U.S. real-interest-rate trends: higher real yields tend to pressure gold prices, reducing the underlying GLD component.
• Inflation expectations and geopolitical risk: elevated inflation or tension often boost gold demand, benefitting both the underlying asset and the premium-selling opportunity.
• Implied volatility of GLD options (VIX-Gold): higher volatility expands option premiums, enhancing the income side of the covered-call strategy.
For a deeper, data-driven breakdown of GLDI’s risk-adjusted return profile, you may want to explore the analytics available on ValueRay.
What is the price of GLDI shares?
Over the past week, the price has changed by -1.71%, over one month by +3.20%, over three months by +10.92% and over the past year by +33.49%.
Is GLDI a buy, sell or hold?
What are the forecasts/targets for the GLDI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 285.1 | 61.8% |
GLDI Fundamental Data Overview January 25, 2026
EBIT TTM = 0.0 USD
EBITDA TTM = 0.0 USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = unknown
Net Debt = unknown
Enterprise Value = 158.2m USD (158.2m + (null Debt) - (null CCE))
Interest Coverage Ratio = unknown (Ebit TTM 0.0 / Interest Expense TTM 0.0)
EV/FCF = unknown (FCF TTM 0.0)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 158.2m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 0.0) / Revenue TTM)
Tobins Q-Ratio = unknown (Enterprise Value 158.2m / Total Assets none)
Interest Expense / Debt = unknown (Interest Expense 0.0 / Debt none)
Taxrate = 21.0% (US default 21%)
NOPAT = 0.0 (EBIT 0.0 * (1 - 21.00%))
Current Ratio = unknown (Total Current Assets none / Total Current Liabilities none)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 0.0)
Debt / FCF = unknown (Net Debt none / FCF TTM 0.0)
Total Stockholder Equity = 0.0 (from calculated bookValueOfEquity)
RoA = unknown (Net Income 0.0 / Total Assets none)
RoE = unknown (Net Income TTM 0.0 / Total Stockholder Equity 0.0)
RoCE = unknown (EBIT 0.0 / Capital Employed )
RoIC = unknown (NOPAT 0.0, Invested Capital 0.0, EBIT 0.0)
WACC = 5.91% (E(158.2m)/V(158.2m) * Re(5.91%) + (debt-free company))
Discount Rate = 5.91% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Fair Price DCF = unknown (Cash Flow 0.0)