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

ETF Info

ISIN

US74347W3951

CUSIP

74347W395

Issuer

ProShares

Inception Date

Dec 1, 2008

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.


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. GLD GLL vs. SPY GLL vs. IAUM GLL vs. UVIX GLL vs. AGQ
Popular comparisons:
GLL vs. GC=F GLL vs. DRIP GLL vs. YANG GLL vs. UGL GLL vs. FNGD GLL vs. GLD GLL vs. SPY 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.


-100.00%0.00%100.00%200.00%300.00%400.00%500.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
-96.57%
581.13%
GLL (ProShares UltraShort Gold)
Benchmark (^GSPC)

Returns By Period

ProShares UltraShort Gold had a return of -33.56% year-to-date (YTD) and -34.58% in the last 12 months. Over the past 10 years, ProShares UltraShort Gold had an annualized return of -16.21%, while the S&P 500 had an annualized return of 11.06%, indicating that ProShares UltraShort Gold did not perform as well as the benchmark.


GLL

YTD

-33.56%

1M

1.74%

6M

-19.15%

1Y

-34.58%

5Y*

-20.79%

10Y*

-16.21%

^GSPC (Benchmark)

YTD

24.34%

1M

0.23%

6M

8.53%

1Y

24.95%

5Y*

13.01%

10Y*

11.06%

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%-7.50%6.36%-33.56%
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 2, meaning it’s performing worse than 98% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of GLL is 22
Overall Rank
The Sharpe Ratio Rank of GLL is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of GLL is 00
Sortino Ratio Rank
The Omega Ratio Rank of GLL is 11
Omega Ratio Rank
The Calmar Ratio Rank of GLL is 33
Calmar Ratio Rank
The Martin Ratio Rank of GLL is 33
Martin 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.


Sharpe ratio
The chart of Sharpe ratio for GLL, currently valued at -1.18, compared to the broader market0.002.004.00-1.182.10
The chart of Sortino ratio for GLL, currently valued at -1.85, compared to the broader market-2.000.002.004.006.008.0010.00-1.852.80
The chart of Omega ratio for GLL, currently valued at 0.81, compared to the broader market0.501.001.502.002.503.000.811.39
The chart of Calmar ratio for GLL, currently valued at -0.36, compared to the broader market0.005.0010.0015.00-0.373.09
The chart of Martin ratio for GLL, currently valued at -1.22, compared to the broader market0.0020.0040.0060.0080.00100.00-1.2213.49
GLL
^GSPC

The current ProShares UltraShort Gold Sharpe ratio is -1.18. 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-2.00-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-1.18
2.10
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%JulyAugustSeptemberOctoberNovemberDecember
-96.67%
-2.62%
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 97.04%, occurring on Oct 30, 2024. The portfolio has not yet recovered.

The current ProShares UltraShort Gold drawdown is 96.67%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-97.04%Dec 8, 20083999Oct 30, 2024

Volatility

Volatility Chart

The current ProShares UltraShort Gold volatility is 10.94%, 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%JulyAugustSeptemberOctoberNovemberDecember
10.94%
3.79%
GLL (ProShares UltraShort Gold)
Benchmark (^GSPC)
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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