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ProShares UltraShort Gold (GLL)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS74347W3951
CUSIP74347W395
IssuerProShares
Inception DateDec 1, 2008
CategoryLeveraged Commodities, Leveraged, Gold
Leveraged2x
Index TrackedBloomberg Gold (-200%)
Asset ClassCommodity

Expense Ratio

GLL has a high expense ratio of 0.95%, indicating higher-than-average management fees.


Expense ratio chart for GLL: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


-20.00%-10.00%0.00%10.00%20.00%MayJuneJulyAugustSeptemberOctober
-15.62%
15.77%
GLL (ProShares UltraShort Gold)
Benchmark (^GSPC)

Returns By Period

ProShares UltraShort Gold had a return of -35.15% year-to-date (YTD) and -42.21% in the last 12 months. Over the past 10 years, ProShares UltraShort Gold had an annualized return of -15.67%, while the S&P 500 had an annualized return of 12.04%, indicating that ProShares UltraShort Gold did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-35.15%22.85%
1 month-4.42%4.16%
6 months-15.76%15.77%
1 year-42.21%35.40%
5 years (annualized)-20.86%14.46%
10 years (annualized)-15.67%12.04%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20243.87%0.18%-14.80%-5.56%-2.45%0.60%-9.46%-3.26%-8.69%-35.15%
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%
20222.97%-11.75%-4.03%4.09%6.89%2.83%5.00%6.42%5.67%3.65%-15.16%-5.52%-2.12%
20215.78%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%
20130.50%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 0, indicating that it is in the bottom 0% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of GLL is 00
Combined Rank
The Sharpe Ratio Rank of GLL is 00Sharpe Ratio Rank
The Sortino Ratio Rank of GLL is 00Sortino Ratio Rank
The Omega Ratio Rank of GLL is 00Omega Ratio Rank
The Calmar Ratio Rank of GLL is 11Calmar Ratio Rank
The Martin Ratio Rank of GLL is 00Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


GLL
Sharpe ratio
The chart of Sharpe ratio for GLL, currently valued at -1.60, compared to the broader market0.002.004.006.00-1.60
Sortino ratio
The chart of Sortino ratio for GLL, currently valued at -2.60, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.60
Omega ratio
The chart of Omega ratio for GLL, currently valued at 0.72, compared to the broader market1.001.502.002.503.000.72
Calmar ratio
The chart of Calmar ratio for GLL, currently valued at -0.47, compared to the broader market0.005.0010.0015.00-0.47
Martin ratio
The chart of Martin ratio for GLL, currently valued at -1.81, compared to the broader market0.0020.0040.0060.0080.00100.00-1.81
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.78, compared to the broader market0.002.004.006.002.78
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.70, compared to the broader market-2.000.002.004.006.008.0010.0012.003.70
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.50, compared to the broader market1.001.502.002.503.001.50
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.45, compared to the broader market0.005.0010.0015.002.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.98, compared to the broader market0.0020.0040.0060.0080.00100.0016.98

Sharpe Ratio

The current ProShares UltraShort Gold Sharpe ratio is -1.60. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of ProShares UltraShort Gold with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.00MayJuneJulyAugustSeptemberOctober
-1.60
2.78
GLL (ProShares UltraShort Gold)
Benchmark (^GSPC)

Dividends

Dividend History


ProShares UltraShort Gold doesn't pay dividends

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.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%MayJuneJulyAugustSeptemberOctober
-96.75%
0
GLL (ProShares UltraShort Gold)
Benchmark (^GSPC)

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 96.81%, occurring on Sep 26, 2024. The portfolio has not yet recovered.

The current ProShares UltraShort Gold drawdown is 96.75%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-96.81%Dec 8, 20083975Sep 26, 2024

Volatility

Volatility Chart

The current ProShares UltraShort Gold volatility is 7.05%, 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.


2.00%4.00%6.00%8.00%10.00%12.00%MayJuneJulyAugustSeptemberOctober
7.05%
2.86%
GLL (ProShares UltraShort Gold)
Benchmark (^GSPC)