COM vs. UGL
Compare and contrast key facts about Direxion Auspice Broad Commodity Strategy ETF (COM) and ProShares Ultra Gold (UGL).
COM and UGL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COM is a passively managed fund by Direxion that tracks the performance of the Auspice Broad Commodity ER Index. It was launched on Mar 30, 2017. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. Both COM and UGL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COM or UGL.
Performance
COM vs. UGL - Performance Comparison
Returns By Period
In the year-to-date period, COM achieves a 6.93% return, which is significantly lower than UGL's 45.98% return.
COM
6.93%
-0.69%
-2.88%
4.43%
9.71%
N/A
UGL
45.98%
-8.64%
9.71%
56.34%
14.99%
8.91%
Key characteristics
| COM | UGL | |
|---|---|---|
| Sharpe Ratio | 0.69 | 1.91 |
| Sortino Ratio | 1.03 | 2.43 |
| Omega Ratio | 1.13 | 1.31 |
| Calmar Ratio | 0.36 | 1.09 |
| Martin Ratio | 1.60 | 10.64 |
| Ulcer Index | 3.14% | 5.28% |
| Daily Std Dev | 7.30% | 29.55% |
| Max Drawdown | -15.95% | -75.93% |
| Current Drawdown | -6.87% | -23.31% |
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COM vs. UGL - Expense Ratio Comparison
COM has a 0.70% expense ratio, which is lower than UGL's 0.95% expense ratio.
Correlation
The correlation between COM and UGL is 0.40, 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.
Risk-Adjusted Performance
COM vs. UGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Auspice Broad Commodity Strategy ETF (COM) 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.
Dividends
COM vs. UGL - Dividend Comparison
COM's dividend yield for the trailing twelve months is around 3.94%, while UGL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
COM Direxion Auspice Broad Commodity Strategy ETF | 3.94% | 3.80% | 8.59% | 10.32% | 0.13% | 1.09% | 2.36% | 0.09% |
UGL ProShares Ultra Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
COM vs. UGL - Drawdown Comparison
The maximum COM drawdown since its inception was -15.95%, smaller than the maximum UGL drawdown of -75.93%. Use the drawdown chart below to compare losses from any high point for COM and UGL. For additional features, visit the drawdowns tool.
Volatility
COM vs. UGL - Volatility Comparison
The current volatility for Direxion Auspice Broad Commodity Strategy ETF (COM) is 1.68%, while ProShares Ultra Gold (UGL) has a volatility of 11.19%. This indicates that COM experiences smaller price fluctuations and is considered to be less risky than UGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.