ProShares UltraShort Gold (GLL) belongs to the Leveraged Commodities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with GLL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GLL
GLL charges 0.95% annually. There are 4 ETFs in the Leveraged Commodities category with lower expense ratios, going as low as 0.50%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Simplify Gold Strategy PLUS Income ETF | 0.50% | 37.25M | Dec 2024 | GLL vs YGLD | |
| DB Gold Double Long Exchange Traded Notes | 0.75% | 228.65M | Feb 2008 | GLL vs DGP | |
| DB Gold Double Short Exchange Traded Notes | 0.75% | 941.91K | Feb 2008 | GLL vs DZZ | |
| ProShares Ultra Silver | 0.93% | 1.25B | Dec 2008 | GLL vs AGQ | |
| Teucrium 2x Daily Wheat ETF | 0.95% | 8.25M | Dec 2024 | GLL vs WXET |
Best Risk-Adjusted Alternatives to GLL
GLL has a PortfoliosLab risk / return rank of 4. There are 11 ETFs in the Leveraged Commodities category with higher risk-adjusted ranks, going as high as 38.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 38 | 65.33M | Mar 2017 | GLL vs OILU | |
| ProShares Ultra Bloomberg Crude Oil | 37 | 361.56M | Nov 2008 | GLL vs UCO | |
| DB Gold Double Short Exchange Traded Notes | 22 | 941.91K | Feb 2008 | GLL vs DZZ | |
| DB Gold Double Long Exchange Traded Notes | 18 | 228.65M | Feb 2008 | GLL vs DGP | |
| ProShares Ultra Silver | 17 | 1.25B | Dec 2008 | GLL vs AGQ |
Top Performing GLL Alternatives (YTD)
GLL is at 5.05% YTD. There are 3 ETFs in the Leveraged Commodities category with higher YTD returns, going as high as 102.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 102.64% | 361.56M | Nov 2008 | GLL vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 70.08% | 65.33M | Mar 2017 | GLL vs OILU | |
| Teucrium 2x Daily Wheat ETF | 53.02% | 8.25M | Dec 2024 | GLL vs WXET | |
| Roundhill Gold WeeklyPay ETF | -12.10% | 16.72M | Oct 2025 | GLL vs GLDW | |
| Teucrium 2x Daily Corn ETF | -12.67% | 4.25M | Dec 2024 | GLL vs CXRN |
Lowest Volatility Alternatives to GLL
GLL has 55.17% 1-year volatility. There are 5 ETFs in the Leveraged Commodities category with lower 1-year volatility, going as low as 36.47%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill Gold WeeklyPay ETF | 36.47% | 16.72M | Oct 2025 | GLL vs GLDW | |
| Teucrium 2x Daily Corn ETF | 37.12% | 4.25M | Dec 2024 | GLL vs CXRN | |
| Simplify Gold Strategy PLUS Income ETF | 42.26% | 37.25M | Dec 2024 | GLL vs YGLD | |
| Teucrium 2x Daily Wheat ETF | 50.06% | 8.25M | Dec 2024 | GLL vs WXET | |
| Direxion Daily Gold Bull 2X ETF | 53.50% | 3.05M | May 2026 | GLL vs UGLD |
Lowest Drawdown Alternatives to GLL
GLL has a 1-year max drawdown of -65.10%. There are 8 ETFs in the Leveraged Commodities category with shallower 1-year drawdowns, going as shallow as -30.76%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Teucrium 2x Daily Wheat ETF | -30.76% | 8.25M | Dec 2024 | GLL vs WXET | |
| Teucrium 2x Daily Corn ETF | -31.96% | 4.25M | Dec 2024 | GLL vs CXRN | |
| ProShares Ultra Bloomberg Crude Oil | -38.55% | 361.56M | Nov 2008 | GLL vs UCO | |
| Simplify Gold Strategy PLUS Income ETF | -43.35% | 37.25M | Dec 2024 | GLL vs YGLD | |
| MicroSectors Oil & Gas Exploration & Production 3X... | -46.49% | 65.33M | Mar 2017 | GLL vs OILU |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $37B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 41 | 34.71% | 37.04B | Feb 2010 | GLL vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 44 | 25.90% | 14.15B | Jun 2006 | GLL vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -27.77% | 1.45B | Oct 2021 | GLL vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 51 | 24.61% | 5.47B | Jun 2009 | GLL vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 17.80% | 8.13B | Jun 2006 | GLL vs SSO | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 60 | 63.25% | 2.97B | Jan 2007 | GLL vs USD | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 40 | 11.29% | 11.63B | Oct 2013 | GLL vs NOBL | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -38.86% | 2.09B | Feb 2010 | GLL vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 48 | 12.64% | 410.75M | Mar 2024 | GLL vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -34.93% | 216.19M | Oct 2011 | GLL vs UVXY |
Often Compared With GLL
Investors most often compare GLL with UGL, GLD, GC=F. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare GLL with Any Fund or Stock
Compare GLL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GLL with funds that move differently
ProShares UltraShort Gold alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GLL.
Explore GLL Diversifiers