DRIP vs. GLL
Compare and contrast key facts about Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and ProShares UltraShort Gold (GLL).
DRIP and GLL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DRIP is a passively managed fund by Direxion that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry Index (-300%). It was launched on Apr 1, 2020. GLL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Gold (-200%). It was launched on Dec 1, 2008. Both DRIP and GLL 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: DRIP or GLL.
Key characteristics
| DRIP | GLL | |
|---|---|---|
| YTD Return | -8.19% | -36.41% |
| 1Y Return | -11.23% | -42.11% |
| 3Y Return (Ann) | -37.50% | -19.18% |
| 5Y Return (Ann) | -54.79% | -21.82% |
| Sharpe Ratio | -0.22 | -1.47 |
| Sortino Ratio | -0.01 | -2.41 |
| Omega Ratio | 1.00 | 0.75 |
| Calmar Ratio | -0.10 | -0.44 |
| Martin Ratio | -0.52 | -1.53 |
| Ulcer Index | 19.16% | 27.77% |
| Daily Std Dev | 45.03% | 28.87% |
| Max Drawdown | -99.90% | -97.04% |
| Current Drawdown | -99.87% | -96.82% |
Correlation
The correlation between DRIP and GLL 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.
Performance
DRIP vs. GLL - Performance Comparison
In the year-to-date period, DRIP achieves a -8.19% return, which is significantly higher than GLL's -36.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DRIP vs. GLL - Expense Ratio Comparison
DRIP has a 1.07% expense ratio, which is higher than GLL's 0.95% expense ratio.
Risk-Adjusted Performance
DRIP vs. GLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) and ProShares UltraShort Gold (GLL). 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
DRIP vs. GLL - Dividend Comparison
DRIP's dividend yield for the trailing twelve months is around 5.38%, while GLL has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
DRIP Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares | 5.38% | 5.09% | 0.00% | 0.00% | 0.01% | 0.96% | 0.58% |
GLL ProShares UltraShort Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DRIP vs. GLL - Drawdown Comparison
The maximum DRIP drawdown since its inception was -99.90%, roughly equal to the maximum GLL drawdown of -97.04%. Use the drawdown chart below to compare losses from any high point for DRIP and GLL. For additional features, visit the drawdowns tool.
Volatility
DRIP vs. GLL - Volatility Comparison
Direxion Daily S&P Oil & Gas Exploration & Production Bear 2x Shares (DRIP) has a higher volatility of 16.62% compared to ProShares UltraShort Gold (GLL) at 9.33%. This indicates that DRIP's price experiences larger fluctuations and is considered to be riskier than GLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.