GLDIUBS ETRACS Gold Shares Covered Call ETN
By UBS AG · Launched 2013
0.65%
#3,297 of 5,562 · average
$175M
#2,408 of 5,562 · mid-size
22.04%
13 years
#1,053 of 5,562 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
NASDAQ Gold FLOWS 103 Index
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Strategy
- The principal investment strategy involves allocating exposure between the Credit Suisse US Equity Futures Index and two Fixed Income Indices based on historical volatility and performance signals, with a maximum notional exposure of 125% to achieve the volatility target.
- Inception date
- January 29, 2013
- Fund family
- UBS AG
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-19