ProShares UltraShort Gold (GLL)
GLL is a passive ETF by ProShares tracking the investment results of the Bloomberg Gold (-200%). GLL launched on Dec 1, 2008 and has a 0.95% expense ratio.
ETF Info
| ISIN | US74347W3951 |
|---|---|
| CUSIP | 74347W395 |
| Issuer | ProShares |
| Inception Date | Dec 1, 2008 |
| Category | Leveraged Commodities, Leveraged, Gold |
| Leveraged | 2x |
| Index Tracked | Bloomberg Gold (-200%) |
| Asset Class | Commodity |
Expense Ratio
GLL has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: GLL vs. GC=F, GLL vs. DRIP, GLL vs. YANG, GLL vs. UGL, GLL vs. FNGD, GLL vs. SPY, GLL vs. GLD, GLL vs. IAUM, GLL vs. UVIX, GLL vs. AGQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort Gold, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares UltraShort Gold had a return of -30.87% year-to-date (YTD) and -36.59% in the last 12 months. Over the past 10 years, ProShares UltraShort Gold had an annualized return of -15.68%, while the S&P 500 had an annualized return of 11.39%, indicating that ProShares UltraShort Gold did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -30.87% | 25.48% |
| 1 month | 6.61% | 2.14% |
| 6 months | -10.68% | 12.76% |
| 1 year | -36.59% | 33.14% |
| 5 years (annualized) | -20.38% | 13.96% |
| 10 years (annualized) | -15.68% | 11.39% |
Monthly Returns
The table below presents the monthly returns of GLL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.87% | 0.18% | -14.80% | -5.56% | -2.45% | 0.60% | -9.46% | -3.26% | -8.69% | -7.50% | -30.87% | ||
| 2023 | -9.97% | 12.08% | -14.17% | -1.30% | 3.47% | 5.65% | -3.66% | 3.73% | 11.26% | -12.80% | -4.13% | -2.04% | -14.91% |
| 2022 | 2.97% | -11.75% | -4.03% | 4.09% | 6.89% | 2.83% | 5.00% | 6.42% | 5.67% | 3.65% | -15.16% | -5.52% | -2.12% |
| 2021 | 5.78% | 13.15% | 1.66% | -6.89% | -14.29% | 14.72% | -4.90% | -0.73% | 6.32% | -3.48% | 0.80% | -6.55% | 1.67% |
| 2020 | -8.23% | 0.41% | -5.61% | -13.66% | -4.83% | -6.47% | -16.33% | 0.00% | 8.17% | 0.81% | 10.51% | -13.16% | -41.48% |
| 2019 | -4.91% | 1.30% | 3.49% | 1.60% | -3.13% | -14.50% | -0.02% | -14.02% | 6.64% | -4.61% | 6.63% | -6.61% | -26.95% |
| 2018 | -6.18% | 4.51% | -1.15% | 1.73% | 2.53% | 7.91% | 4.79% | 4.44% | 1.50% | -3.77% | -0.83% | -8.86% | 5.39% |
| 2017 | -10.50% | -6.49% | 0.21% | -3.38% | -0.11% | 4.22% | -4.52% | -8.19% | 6.87% | 1.38% | -0.58% | -4.17% | -23.67% |
| 2016 | -10.52% | -20.48% | 0.74% | -10.47% | 12.66% | -16.42% | -4.77% | 6.93% | -1.53% | 5.78% | 18.08% | 3.29% | -21.83% |
| 2015 | -15.96% | 12.40% | 3.72% | -0.24% | -1.49% | 2.43% | 13.59% | -7.71% | 2.92% | -5.07% | 14.32% | 0.10% | 15.58% |
| 2014 | -7.18% | -11.87% | 5.62% | -1.58% | 5.93% | -11.96% | 6.76% | -0.72% | 12.88% | 5.61% | 0.29% | -3.68% | -3.20% |
| 2013 | 0.50% | 10.60% | -2.26% | 13.32% | 11.70% | 23.71% | -14.54% | -11.01% | 8.49% | -0.94% | 11.37% | 6.79% | 65.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GLL is 1, indicating that it is in the bottom 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort Gold. 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 ProShares UltraShort Gold was 97.04%, occurring on Oct 30, 2024. The portfolio has not yet recovered.
The current ProShares UltraShort Gold drawdown is 96.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -97.04% | Dec 8, 2008 | 3999 | Oct 30, 2024 | — | — | — |
Volatility
Volatility Chart
The current ProShares UltraShort Gold volatility is 10.46%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.