ProShares Ultra Gold (UGL) 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 UGL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UGL
UGL 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% | 43.90M | Dec 2024 | UGL vs YGLD | |
| DB Gold Double Short Exchange Traded Notes | 0.75% | 1.29M | Feb 2008 | UGL vs DZZ | |
| DB Gold Double Long Exchange Traded Notes | 0.75% | 228.65M | Feb 2008 | UGL vs DGP | |
| ProShares Ultra Silver | 0.93% | 1.87B | Dec 2008 | UGL vs AGQ | |
| Teucrium 2x Daily Corn ETF | 0.95% | 4.25M | Dec 2024 | UGL vs CXRN |
Best Risk-Adjusted Alternatives to UGL
UGL has a PortfoliosLab risk / return rank of 27. There are 4 ETFs in the Leveraged Commodities category with higher risk-adjusted ranks, going as high as 54.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 54 | 384.99M | Nov 2008 | UGL vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 52 | 33.55M | Mar 2017 | UGL vs OILU | |
| ProShares Ultra Silver | 36 | 1.87B | Dec 2008 | UGL vs AGQ | |
| DB Gold Double Long Exchange Traded Notes | 30 | 228.65M | Feb 2008 | UGL vs DGP | |
| MicroSectors Gold 3X Leveraged ETN | 21 | 106.06M | Feb 2023 | UGL vs SHNY |
Top Performing UGL Alternatives (YTD)
UGL is at -2.16% YTD. There are 5 ETFs in the Leveraged Commodities category with higher YTD returns, going as high as 149.12%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 149.12% | 384.99M | Nov 2008 | UGL vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 96.53% | 33.55M | Mar 2017 | UGL vs OILU | |
| Teucrium 2x Daily Wheat ETF | 21.04% | 9.15M | Dec 2024 | UGL vs WXET | |
| DB Gold Double Long Exchange Traded Notes | 1.01% | 228.65M | Feb 2008 | UGL vs DGP | |
| Roundhill Gold WeeklyPay ETF | 1.00% | 23.42M | Oct 2025 | UGL vs GLDW |
Lowest Volatility Alternatives to UGL
UGL has 52.91% 1-year volatility. There are 6 ETFs in the Leveraged Commodities category with lower 1-year volatility, going as low as 36.32%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Teucrium 2x Daily Corn ETF | 36.32% | 4.25M | Dec 2024 | UGL vs CXRN | |
| Roundhill Gold WeeklyPay ETF | 36.90% | 23.42M | Oct 2025 | UGL vs GLDW | |
| Simplify Gold Strategy PLUS Income ETF | 40.43% | 43.90M | Dec 2024 | UGL vs YGLD | |
| Teucrium 2x Daily Wheat ETF | 50.13% | 9.15M | Dec 2024 | UGL vs WXET | |
| ProShares UltraShort Gold | 52.38% | 102.63M | Dec 2008 | UGL vs GLL |
Lowest Drawdown Alternatives to UGL
UGL has a 1-year max drawdown of -37.56%. There are 6 ETFs in the Leveraged Commodities category with shallower 1-year drawdowns, going as shallow as -25.27%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Teucrium 2x Daily Corn ETF | -25.27% | 4.25M | Dec 2024 | UGL vs CXRN | |
| MicroSectors Oil & Gas Exploration & Production 3X... | -33.51% | 33.55M | Mar 2017 | UGL vs OILU | |
| Simplify Gold Strategy PLUS Income ETF | -34.23% | 43.90M | Dec 2024 | UGL vs YGLD | |
| ProShares Ultra Bloomberg Crude Oil | -34.77% | 384.99M | Nov 2008 | UGL vs UCO | |
| Teucrium 2x Daily Wheat ETF | -35.64% | 9.15M | Dec 2024 | UGL vs WXET |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 7 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 71 | 64.46% | 39.77B | Feb 2010 | UGL vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -26.37% | 1.70B | Oct 2021 | UGL vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 69 | 42.06% | 14.46B | Jun 2006 | UGL vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 62 | 27.90% | 5.55B | Jun 2009 | UGL vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 62 | 19.37% | 8.38B | Jun 2006 | UGL vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 22 | 3.51% | 11.07B | Oct 2013 | UGL vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 90 | 114.00% | 3.05B | Jan 2007 | UGL vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities | 0 | -45.27% | 2.23B | Feb 2010 | UGL vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -19.06% | 398.99M | Oct 2011 | UGL vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -52.92% | 446.55M | Apr 2024 | UGL vs BITU |
Often Compared With UGL
Investors most often compare UGL with GLD, NUGT, GDX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare UGL with Any Fund or Stock
Compare UGL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UGL with funds that move differently
ProShares Ultra Gold alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UGL.
Explore UGL Diversifiers