Direxion Daily Gold Bull 2X ETF (UGLD) 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 UGLD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UGLD
UGLD charges 1.07% annually. There are 18 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% | 36.00M | Dec 2024 | UGLD vs YGLD | |
| DB Gold Double Long Exchange Traded Notes | 0.75% | 228.65M | Feb 2008 | UGLD vs DGP | |
| DB Gold Double Short Exchange Traded Notes | 0.75% | 941.91K | Feb 2008 | UGLD vs DZZ | |
| ProShares Ultra Silver | 0.93% | 1.08B | Dec 2008 | UGLD vs AGQ | |
| ProShares Ultra Platinum K-1 Free ETF | 0.95% | 2.36M | Apr 2026 | UGLD vs UPLT |
Best Risk-Adjusted Alternatives to UGLD
Among 15 ETFs in the Leveraged Commodities category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 47.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 47 | 65.33M | Mar 2017 | UGLD vs OILU | |
| ProShares Ultra Bloomberg Crude Oil | 44 | 417.03M | Nov 2008 | UGLD vs UCO | |
| DB Gold Double Short Exchange Traded Notes | 22 | 941.91K | Feb 2008 | UGLD vs DZZ | |
| DB Gold Double Long Exchange Traded Notes | 21 | 228.65M | Feb 2008 | UGLD vs DGP | |
| ProShares Ultra Silver | 19 | 1.08B | Dec 2008 | UGLD vs AGQ |
Top Performing UGLD Alternatives (YTD)
Among 16 ETFs in the Leveraged Commodities category with YTD return data, the top-performing alternatives shown here go as high as 114.54%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | 114.54% | 417.03M | Nov 2008 | UGLD vs UCO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 79.42% | 65.33M | Mar 2017 | UGLD vs OILU | |
| Teucrium 2x Daily Wheat ETF | 52.30% | 8.22M | Dec 2024 | UGLD vs WXET | |
| ProShares UltraShort Gold | 3.56% | 130.67M | Dec 2008 | UGLD vs GLL | |
| Teucrium 2x Daily Corn ETF | -9.43% | 4.25M | Dec 2024 | UGLD vs CXRN |
Lowest Volatility Alternatives to UGLD
UGLD has 52.24% 1-year volatility. There are 4 ETFs in the Leveraged Commodities category with lower 1-year volatility, going as low as 36.28%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Roundhill Gold WeeklyPay ETF | 36.28% | 16.16M | Oct 2025 | UGLD vs GLDW | |
| Teucrium 2x Daily Corn ETF | 36.99% | 4.25M | Dec 2024 | UGLD vs CXRN | |
| Simplify Gold Strategy PLUS Income ETF | 42.36% | 36.00M | Dec 2024 | UGLD vs YGLD | |
| Teucrium 2x Daily Wheat ETF | 50.04% | 8.22M | Dec 2024 | UGLD vs WXET | |
| ProShares UltraShort Gold | 55.29% | 130.67M | Dec 2008 | UGLD vs GLL |
Lowest Drawdown Alternatives to UGLD
Among 15 ETFs in the Leveraged Commodities category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -30.76%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Teucrium 2x Daily Wheat ETF | -30.76% | 8.22M | Dec 2024 | UGLD vs WXET | |
| Teucrium 2x Daily Corn ETF | -31.96% | 4.25M | Dec 2024 | UGLD vs CXRN | |
| ProShares Ultra Bloomberg Crude Oil | -38.55% | 417.03M | Nov 2008 | UGLD vs UCO | |
| Simplify Gold Strategy PLUS Income ETF | -43.35% | 36.00M | Dec 2024 | UGLD vs YGLD | |
| MicroSectors Oil & Gas Exploration & Production 3X... | -46.49% | 65.33M | Mar 2017 | UGLD vs OILU |
Other ETFs from Direxion
The 10 most viewed Direxion ETFs shown here include SOXL, SPXL, TECL and span 8 categories. AUM among these funds goes as high as $20B.
Often Compared With UGLD
Investors most often compare UGLD with UPAL, UGL, SHNY. These 6 comparison targets span 4 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Palladium K-1 Free ETF | Leveraged Commodities | — | — | 2.80M | Apr 2026 | UGLD vs UPAL | |
| ProShares Ultra Gold | Leveraged Commodities | 19 | -21.85% | 637.90M | Dec 2008 | UGLD vs UGL | |
| MicroSectors Gold 3X Leveraged ETN | Leveraged Commodities | 14 | -40.62% | 115.40M | Feb 2023 | UGLD vs SHNY | |
| ProShares UltraShort Bloomberg Natural Gas | Oil & Gas, Inverse Commodities, Leveraged Commodities | 19 | -19.90% | 111.42M | Oct 2011 | UGLD vs KOLD | |
| Defiance Daily Target 2X Long Copper ETF | Copper, Leveraged Commodities | — | — | 5.16M | Feb 2026 | UGLD vs COPZ | |
| ProShares UltraShort Bloomberg Crude Oil | Oil & Gas, Leveraged Commodities | 1 | -65.36% | 622.61M | Nov 2008 | UGLD vs SCO |
Compare UGLD with Any Fund or Stock
Compare UGLD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UGLD with funds that move differently
Direxion Daily Gold Bull 2X ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UGLD.
Explore UGLD Diversifiers