Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
EUO ProShares UltraShort Euro | Leveraged Currency, Leveraged | 33.33% |
SSO ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 33.33% |
UGL ProShares Ultra Gold | Leveraged Commodities | 33.33% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Gold Stock USD 2x, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Dec 3, 2008, corresponding to the inception date of UGL
Returns By Period
As of Apr 4, 2026, the Gold Stock USD 2x returned 2.31% Year-To-Date and 17.55% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.63% | -3.84% | -1.98% | 29.73% | 16.86% | 10.37% | 12.29% |
Portfolio Gold Stock USD 2x | -1.04% | -8.16% | 2.31% | 10.16% | 47.84% | 29.80% | 20.51% | 17.55% |
| Portfolio components: | ||||||||
SSO ProShares Ultra S&P500 | 0.17% | -7.53% | -8.75% | -6.34% | 58.29% | 28.66% | 15.72% | 21.33% |
EUO ProShares UltraShort Euro | 0.92% | 1.54% | 4.94% | 5.98% | -5.59% | 1.18% | 4.23% | 2.54% |
UGL ProShares Ultra Gold | -3.94% | -16.94% | 9.85% | 30.77% | 102.31% | 56.26% | 34.59% | 20.29% |
Monthly Returns
Based on dividend-adjusted daily data since Dec 4, 2008, Gold Stock USD 2x's average daily return is +0.06%, while the average monthly return is +1.31%. At this rate, your investment would double in approximately 4.4 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +13.0%, while the worst month was Mar 2026 at -10.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, Gold Stock USD 2x closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +8.3%, while the worst single day was Jan 30, 2026 at -8.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.77% | 5.96% | -10.80% | 0.44% | 2.31% | ||||||||
| 2025 | 5.84% | -0.12% | 0.78% | -1.20% | 3.48% | 1.39% | 3.03% | 3.11% | 9.81% | 4.75% | 3.12% | 0.44% | 39.78% |
| 2024 | 1.26% | 3.52% | 7.74% | -0.18% | 2.71% | 2.82% | 3.24% | 1.31% | 4.60% | 3.54% | 3.48% | -1.29% | 37.75% |
| 2023 | 6.95% | -4.00% | 5.78% | 0.28% | 1.20% | 1.42% | 3.04% | -1.62% | -4.74% | 3.17% | 5.52% | 2.96% | 20.98% |
| 2022 | -4.07% | 2.57% | 3.57% | -3.80% | -3.92% | -4.08% | 6.15% | -3.94% | -6.44% | 3.16% | 5.89% | -4.15% | -9.77% |
| 2021 | -2.69% | -1.90% | 4.84% | 4.17% | 5.04% | -2.37% | 3.07% | 2.21% | -4.29% | 5.81% | 0.01% | 4.95% | 19.72% |
Benchmark Metrics
Gold Stock USD 2x has an annualized alpha of 8.78%, beta of 0.57, and R² of 0.43 versus S&P 500 Index. Calculated based on daily prices since December 04, 2008.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (69.52%) than losses (37.49%) — typical of diversified or defensive assets.
- Beta of 0.57 may look defensive, but with R² of 0.43 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.43 means the benchmark explains less than half of this portfolio's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 8.78%
- Beta
- 0.57
- R²
- 0.43
- Upside Capture
- 69.52%
- Downside Capture
- 37.49%
Expense Ratio
Gold Stock USD 2x has a high expense ratio of 0.94%, indicating above-average management fees. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
Gold Stock USD 2x ranks 54 for risk / return — on par with similar portfolios. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.88 | +0.52 |
Sortino ratioReturn per unit of downside risk | 1.83 | 1.37 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.39 | +0.48 |
Martin ratioReturn relative to average drawdown | 7.12 | 6.43 | +0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
SSO ProShares Ultra S&P500 | 39 | 0.72 | 1.22 | 1.18 | 1.19 | 5.03 |
EUO ProShares UltraShort Euro | 4 | -0.47 | -0.53 | 0.93 | -0.55 | -0.79 |
UGL ProShares Ultra Gold | 73 | 1.60 | 1.98 | 1.29 | 2.40 | 8.01 |
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Dividends
Dividend yield
Gold Stock USD 2x provided a 0.27% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.27% | 0.23% | 0.28% | 0.06% | 0.17% | 0.06% | 0.07% | 0.17% | 0.25% | 0.13% | 0.17% | 0.21% |
| Portfolio components: | ||||||||||||
SSO ProShares Ultra S&P500 | 0.81% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
EUO ProShares UltraShort Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UGL ProShares Ultra Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Gold Stock USD 2x. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Gold Stock USD 2x was 24.53%, occurring on Mar 16, 2020. Recovery took 84 trading sessions.
The current Gold Stock USD 2x drawdown is 13.28%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.53% | Feb 21, 2020 | 17 | Mar 16, 2020 | 84 | Jul 15, 2020 | 101 |
| -18.08% | Jan 30, 2026 | 39 | Mar 26, 2026 | — | — | — |
| -17.07% | Mar 9, 2022 | 153 | Oct 14, 2022 | 197 | Jul 31, 2023 | 350 |
| -16.29% | Apr 13, 2015 | 95 | Aug 25, 2015 | 210 | Jun 24, 2016 | 305 |
| -15.82% | Oct 5, 2012 | 181 | Jun 27, 2013 | 224 | May 19, 2014 | 405 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 3 assets, with an effective number of assets of 3.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | EUO | UGL | SSO | Portfolio | |
|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.22 | 0.06 | 1.00 | 0.64 |
| EUO | -0.22 | 1.00 | -0.36 | -0.22 | -0.03 |
| UGL | 0.06 | -0.36 | 1.00 | 0.06 | 0.63 |
| SSO | 1.00 | -0.22 | 0.06 | 1.00 | 0.64 |
| Portfolio | 0.64 | -0.03 | 0.63 | 0.64 | 1.00 |