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ProShares Ultra Gold (UGL)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS74347W6012
CUSIP74347W601
IssuerProShares
Inception DateDec 1, 2008
CategoryLeveraged Commodities, Leveraged, Gold
Leveraged2x
Index TrackedGold bullion (200%)
Home Pagewww.proshares.com
Asset ClassCommodity

Expense Ratio

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


Expense ratio chart for UGL: 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.


ProShares Ultra Gold

Popular comparisons: UGL vs. GLD, UGL vs. DGP, UGL vs. SGOL, UGL vs. NUGT, UGL vs. JNUG, UGL vs. COM, UGL vs. GDX, UGL vs. GLDM, UGL vs. DIG, UGL vs. SPY

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in ProShares Ultra 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%200.00%300.00%400.00%500.00%600.00%FebruaryMarchAprilMayJuneJuly
245.04%
541.78%
UGL (ProShares Ultra Gold)
Benchmark (^GSPC)

S&P 500

Returns By Period

ProShares Ultra Gold had a return of 34.08% year-to-date (YTD) and 39.07% in the last 12 months. Over the past 10 years, ProShares Ultra Gold had an annualized return of 5.98%, while the S&P 500 had an annualized return of 10.77%, indicating that ProShares Ultra Gold did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date34.08%15.41%
1 month11.28%0.33%
6 months42.54%13.74%
1 year39.07%21.39%
5 years (annualized)14.02%13.11%
10 years (annualized)5.98%10.77%

Monthly Returns

The table below presents the monthly returns of UGL, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-3.60%0.11%17.23%5.34%2.18%-0.95%34.08%
202311.11%-11.01%15.32%1.02%-3.50%-5.19%4.02%-3.48%-10.04%14.52%4.25%1.70%15.56%
2022-3.78%12.44%2.21%-4.67%-7.09%-3.55%-5.43%-6.44%-6.12%-4.16%17.01%5.02%-7.59%
2021-7.07%-12.76%-2.50%6.81%15.72%-14.12%4.72%-0.30%-6.95%2.99%-1.75%6.33%-12.30%
20208.54%-1.75%-0.59%12.87%4.34%5.86%18.56%-2.47%-8.51%-1.72%-11.34%14.12%39.04%
20194.95%-1.55%-3.65%-1.77%3.04%16.21%-0.30%15.64%-7.05%4.62%-6.66%7.00%31.11%
20186.39%-4.90%0.97%-2.00%-2.85%-7.58%-4.62%-4.61%-1.54%3.60%0.44%9.77%-8.02%
201710.30%5.79%-0.75%3.12%-0.45%-4.54%4.35%8.29%-7.00%-1.87%0.51%4.12%22.50%
201611.00%22.49%-1.81%9.49%-12.31%18.16%3.80%-6.63%0.85%-6.09%-16.31%-4.02%11.67%
201517.47%-11.19%-4.82%-0.52%1.16%-3.49%-12.99%7.26%-3.88%4.36%-13.24%-1.20%-22.60%
20146.50%12.65%-6.38%1.06%-6.36%12.68%-7.08%0.44%-11.97%-6.50%-1.08%2.32%-6.91%
2013-1.40%-10.10%1.81%-15.80%-12.55%-21.29%13.60%11.18%-9.77%-1.38%-10.93%-7.65%-51.65%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of UGL is 63, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of UGL is 6363
UGL (ProShares Ultra Gold)
The Sharpe Ratio Rank of UGL is 6767Sharpe Ratio Rank
The Sortino Ratio Rank of UGL is 6464Sortino Ratio Rank
The Omega Ratio Rank of UGL is 6565Omega Ratio Rank
The Calmar Ratio Rank of UGL is 4747Calmar Ratio Rank
The Martin Ratio Rank of UGL is 7070Martin 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 Ultra Gold (UGL) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


UGL
Sharpe ratio
The chart of Sharpe ratio for UGL, currently valued at 1.56, compared to the broader market0.002.004.006.001.56
Sortino ratio
The chart of Sortino ratio for UGL, currently valued at 2.16, compared to the broader market0.005.0010.002.16
Omega ratio
The chart of Omega ratio for UGL, currently valued at 1.27, compared to the broader market1.002.003.001.27
Calmar ratio
The chart of Calmar ratio for UGL, currently valued at 0.73, compared to the broader market0.005.0010.0015.0020.000.73
Martin ratio
The chart of Martin ratio for UGL, currently valued at 6.67, compared to the broader market0.0050.00100.00150.006.67
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.82, compared to the broader market0.002.004.006.001.82
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.59, compared to the broader market0.005.0010.002.59
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.32, compared to the broader market1.002.003.001.32
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.45, compared to the broader market0.005.0010.0015.0020.001.45
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 6.82, compared to the broader market0.0050.00100.00150.006.82

Sharpe Ratio

The current ProShares Ultra Gold Sharpe ratio is 1.56. 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 Ultra 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-0.500.000.501.001.502.002.503.00FebruaryMarchAprilMayJuneJuly
1.56
2.10
UGL (ProShares Ultra Gold)
Benchmark (^GSPC)

Dividends

Dividend History


ProShares Ultra Gold doesn't pay dividends

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%FebruaryMarchAprilMayJuneJuly
-29.56%
-1.39%
UGL (ProShares Ultra Gold)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the ProShares Ultra 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 Ultra Gold was 75.93%, occurring on Dec 17, 2015. The portfolio has not yet recovered.

The current ProShares Ultra Gold drawdown is 29.56%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-75.93%Aug 23, 20111088Dec 17, 2015
-25.71%Feb 23, 200939Apr 17, 2009119Oct 6, 2009158
-24.75%Dec 3, 200945Feb 8, 201065May 12, 2010110
-16.17%Dec 7, 201036Jan 27, 201122Mar 1, 201158
-15.19%Jan 2, 20099Jan 14, 20096Jan 23, 200915

Volatility

Volatility Chart

The current ProShares Ultra Gold volatility is 8.58%, 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%FebruaryMarchAprilMayJuneJuly
8.58%
2.59%
UGL (ProShares Ultra Gold)
Benchmark (^GSPC)