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GC=F vs. GLL
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

GC=F vs. GLL

Last updated May 16, 2025

Compare and contrast key facts about Gold (GC=F) and ProShares UltraShort Gold (GLL).

GLL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Gold (-200%). It was launched on Dec 1, 2008.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or GLL.

Correlation

The correlation between GC=F 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

GC=F vs. GLL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold (GC=F) and ProShares UltraShort Gold (GLL). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

GC=F:

1.96

GLL:

-1.20

Sortino Ratio

GC=F:

2.56

GLL:

-2.02

Omega Ratio

GC=F:

1.34

GLL:

0.78

Calmar Ratio

GC=F:

4.48

GLL:

-0.46

Martin Ratio

GC=F:

11.40

GLL:

-1.66

Ulcer Index

GC=F:

3.14%

GLL:

27.25%

Daily Std Dev

GC=F:

18.22%

GLL:

36.06%

Max Drawdown

GC=F:

-44.36%

GLL:

-98.03%

Current Drawdown

GC=F:

-4.94%

GLL:

-97.79%

Returns By Period

In the year-to-date period, GC=F achieves a 23.34% return, which is significantly higher than GLL's -33.79% return. Over the past 10 years, GC=F has outperformed GLL with an annualized return of 10.21%, while GLL has yielded a comparatively lower -18.64% annualized return.

GC=F

YTD

23.34%

1M

0.75%

6M

26.27%

1Y

35.76%

5Y*

13.10%

10Y*

10.21%

GLL

YTD

-33.79%

1M

-1.77%

6M

-36.53%

1Y

-42.97%

5Y*

-20.83%

10Y*

-18.64%

*Annualized

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Risk-Adjusted Performance

GC=F vs. GLL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GC=F
The Risk-Adjusted Performance Rank of GC=F is 100100
Overall Rank
The Sharpe Ratio Rank of GC=F is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of GC=F is 100100
Sortino Ratio Rank
The Omega Ratio Rank of GC=F is 100100
Omega Ratio Rank
The Calmar Ratio Rank of GC=F is 100100
Calmar Ratio Rank
The Martin Ratio Rank of GC=F is 100100
Martin Ratio Rank
GLL
The Risk-Adjusted Performance Rank of GLL is 11
Overall Rank
The Sharpe Ratio Rank of GLL is 00
Sharpe Ratio Rank
The Sortino Ratio Rank of GLL is 00
Sortino Ratio Rank
The Omega Ratio Rank of GLL is 00
Omega Ratio Rank
The Calmar Ratio Rank of GLL is 22
Calmar Ratio Rank
The Martin Ratio Rank of GLL is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

GC=F vs. GLL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) 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.

The current GC=F Sharpe Ratio is 1.96, which is higher than the GLL Sharpe Ratio of -1.20. The chart below compares the historical Sharpe Ratios of GC=F and GLL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Drawdowns

GC=F vs. GLL - Drawdown Comparison

The maximum GC=F drawdown since its inception was -44.36%, smaller than the maximum GLL drawdown of -98.03%. Use the drawdown chart below to compare losses from any high point for GC=F and GLL. For additional features, visit the drawdowns tool.

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Volatility

GC=F vs. GLL - Volatility Comparison

The current volatility for Gold (GC=F) is 8.93%, while ProShares UltraShort Gold (GLL) has a volatility of 17.93%. This indicates that GC=F experiences smaller price fluctuations and is considered to be less risky than GLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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