COAGX vs. UGL

Last updated Apr 2, 2026

Compare and contrast key facts about Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and ProShares Ultra Gold (UGL).

COAGX is managed by Caldwell & Orkin. It was launched on Aug 23, 1992. UGL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Gold Subindex (200%). It was launched on Dec 1, 2008.

Performance

COAGX vs. UGL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and ProShares Ultra Gold (UGL). The values are adjusted to include any dividend payments, if applicable.

COAGX vs. UGL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	3.61%	17.44%	35.58%	31.98%	-7.18%	27.17%	11.06%	24.20%	-15.53%	0.93%
UGL ProShares Ultra Gold	14.36%	137.57%	46.36%	15.56%	-7.59%	-12.30%	39.04%	31.11%	-8.02%	22.50%

Returns By Period

COAGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UGL

• 1D: 3.30%
• 1M: -21.80%
• YTD: 14.36%
• 6M: 37.39%
• 1Y: 98.00%
• 3Y*: 59.13%
• 5Y*: 35.67%
• 10Y*: 20.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

COAGX vs. UGL - Expense Ratio Comparison

COAGX has a 2.00% expense ratio, which is higher than UGL's 0.95% expense ratio.

COAGX

Caldwell & Orkin - Gator Capital Long/Short Fund

UGL

ProShares Ultra Gold

Return for Risk

COAGX vs. UGL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UGL

UGL Risk / Return Rank: 81
UGL Sharpe Ratio Rank: 85
UGL Sortino Ratio Rank: 79
UGL Omega Ratio Rank: 79
UGL Calmar Ratio Rank: 84
UGL Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COAGX vs. UGL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caldwell & Orkin - Gator Capital Long/Short Fund (COAGX) and ProShares Ultra Gold (UGL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	COAGX	UGL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.00	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.42	—

Correlation

The correlation between COAGX and UGL is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

COAGX vs. UGL - Dividend Comparison

Neither COAGX nor UGL has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COAGX Caldwell & Orkin - Gator Capital Long/Short Fund	0.00%	0.00%	0.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.81%
UGL ProShares Ultra Gold	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	COAGX	UGL	Difference
Max Drawdown Largest peak-to-trough decline	—	-75.93%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-37.56%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-40.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.23%	—
Current Drawdown Current decline from peak	—	-25.85%	—
Average Drawdown Average peak-to-trough decline	—	-43.76%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	11.11%	—

Volatility

Volatility by Period

	COAGX	UGL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	49.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	55.46%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	35.70%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	32.19%	—