ProShares Ultra Gold (UGL)
UGL is a passive ETF by ProShares tracking the investment results of the Gold bullion (200%). UGL launched on Dec 1, 2008 and has a 0.95% expense ratio.
ETF Info
US74347W6012
74347W601
Dec 1, 2008
2x
Gold bullion (200%)
Expense Ratio
UGL has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
ProShares Ultra Gold (UGL) returned 38.70% year-to-date (YTD) and 61.57% over the past 12 months. Over the past 10 years, UGL delivered an annualized return of 12.30%, outperforming the S&P 500 benchmark at 10.78%.
UGL
38.70%
-3.42%
42.91%
61.57%
15.67%
12.30%
^GSPC (Benchmark)
0.19%
9.00%
-1.55%
12.31%
15.59%
10.78%
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 12.69% | 2.45% | 19.27% | 9.03% | -7.61% | 38.70% | |||||||
| 2024 | -3.60% | 0.11% | 17.23% | 5.34% | 2.18% | -0.95% | 9.80% | 3.30% | 9.74% | 8.17% | -6.94% | -3.15% | 46.36% |
| 2023 | 11.11% | -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% |
| 2020 | 8.54% | -1.75% | -0.59% | 12.87% | 4.34% | 5.86% | 18.56% | -2.47% | -8.51% | -1.72% | -11.34% | 14.12% | 39.04% |
| 2019 | 4.95% | -1.55% | -3.65% | -1.77% | 3.04% | 16.21% | -0.30% | 15.64% | -7.05% | 4.62% | -6.66% | 7.00% | 31.11% |
| 2018 | 6.39% | -4.90% | 0.97% | -2.00% | -2.85% | -7.58% | -4.62% | -4.61% | -1.54% | 3.60% | 0.44% | 9.77% | -8.02% |
| 2017 | 10.30% | 5.79% | -0.75% | 3.12% | -0.45% | -4.54% | 4.35% | 8.29% | -7.00% | -1.87% | 0.51% | 4.12% | 22.50% |
| 2016 | 11.00% | 22.49% | -1.81% | 9.49% | -12.31% | 18.16% | 3.80% | -6.63% | 0.85% | -6.09% | -16.31% | -4.02% | 11.67% |
| 2015 | 17.47% | -11.19% | -4.82% | -0.52% | 1.16% | -3.49% | -12.99% | 7.26% | -3.88% | 4.36% | -13.24% | -1.20% | -22.60% |
| 2014 | 6.50% | 12.65% | -6.38% | 1.06% | -6.36% | 12.68% | -7.08% | 0.44% | -11.97% | -6.50% | -1.08% | 2.32% | -6.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 91, UGL is among the top 9% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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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.
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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. Recovery took 2324 trading sessions.
The current ProShares Ultra Gold drawdown is 14.57%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -75.93% | Aug 23, 2011 | 1088 | Dec 17, 2015 | 2324 | Mar 18, 2025 | 3412 |
| -25.71% | Feb 23, 2009 | 39 | Apr 17, 2009 | 119 | Oct 6, 2009 | 158 |
| -24.75% | Dec 3, 2009 | 45 | Feb 8, 2010 | 65 | May 12, 2010 | 110 |
| -16.17% | Dec 7, 2010 | 36 | Jan 27, 2011 | 22 | Mar 1, 2011 | 58 |
| -15.19% | Jan 2, 2009 | 9 | Jan 14, 2009 | 6 | Jan 23, 2009 | 15 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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