GC=F vs. GLL
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.
Key characteristics
| GC=F | GLL | |
|---|---|---|
| YTD Return | 26.62% | -32.31% |
| 1Y Return | 34.23% | -39.08% |
| 3Y Return (Ann) | 10.55% | -16.43% |
| 5Y Return (Ann) | 10.77% | -20.62% |
| 10Y Return (Ann) | 7.25% | -15.86% |
| Sharpe Ratio | 2.27 | -1.36 |
| Sortino Ratio | 2.90 | -2.18 |
| Omega Ratio | 1.42 | 0.77 |
| Calmar Ratio | 4.74 | -0.41 |
| Martin Ratio | 12.87 | -1.45 |
| Ulcer Index | 2.49% | 27.33% |
| Daily Std Dev | 14.16% | 29.23% |
| Max Drawdown | -44.36% | -97.04% |
| Current Drawdown | -6.35% | -96.61% |
Correlation
The correlation between GC=F and GLL is -0.36. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GC=F vs. GLL - Performance Comparison
In the year-to-date period, GC=F achieves a 26.62% return, which is significantly higher than GLL's -32.31% return. Over the past 10 years, GC=F has outperformed GLL with an annualized return of 7.25%, while GLL has yielded a comparatively lower -15.86% annualized 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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Risk-Adjusted Performance
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.
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 -97.04%. Use the drawdown chart below to compare losses from any high point for GC=F and GLL. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. GLL - Volatility Comparison
The current volatility for Gold (GC=F) is 5.17%, while ProShares UltraShort Gold (GLL) has a volatility of 10.24%. 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.