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GLL vs. AGQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GLLAGQ
YTD Return-36.41%46.96%
1Y Return-42.11%59.21%
3Y Return (Ann)-19.18%1.23%
5Y Return (Ann)-21.82%7.12%
10Y Return (Ann)-16.75%0.27%
Sharpe Ratio-1.470.95
Sortino Ratio-2.411.59
Omega Ratio0.751.19
Calmar Ratio-0.440.62
Martin Ratio-1.533.61
Ulcer Index27.77%16.52%
Daily Std Dev28.87%63.01%
Max Drawdown-97.04%-98.16%
Current Drawdown-96.82%-94.53%

Correlation

-0.50.00.51.0-0.8

The correlation between GLL and AGQ is -0.79. 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

GLL vs. AGQ - Performance Comparison

In the year-to-date period, GLL achieves a -36.41% return, which is significantly lower than AGQ's 46.96% return. Over the past 10 years, GLL has underperformed AGQ with an annualized return of -16.75%, while AGQ has yielded a comparatively higher 0.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JuneJulyAugustSeptemberOctoberNovember
-19.50%
10.43%
GLL
AGQ

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GLL vs. AGQ - Expense Ratio Comparison

GLL has a 0.95% expense ratio, which is higher than AGQ's 0.93% expense ratio.


GLL
ProShares UltraShort Gold
Expense ratio chart for GLL: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for AGQ: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%

Risk-Adjusted Performance

GLL vs. AGQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and ProShares Ultra Silver (AGQ). 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.


GLL
Sharpe ratio
The chart of Sharpe ratio for GLL, currently valued at -1.47, compared to the broader market-2.000.002.004.006.00-1.47
Sortino ratio
The chart of Sortino ratio for GLL, currently valued at -2.41, compared to the broader market0.005.0010.00-2.41
Omega ratio
The chart of Omega ratio for GLL, currently valued at 0.75, compared to the broader market1.001.502.002.503.000.75
Calmar ratio
The chart of Calmar ratio for GLL, currently valued at -0.44, compared to the broader market0.005.0010.0015.00-0.44
Martin ratio
The chart of Martin ratio for GLL, currently valued at -1.53, compared to the broader market0.0020.0040.0060.0080.00100.00-1.53
AGQ
Sharpe ratio
The chart of Sharpe ratio for AGQ, currently valued at 0.95, compared to the broader market-2.000.002.004.006.000.95
Sortino ratio
The chart of Sortino ratio for AGQ, currently valued at 1.59, compared to the broader market0.005.0010.001.59
Omega ratio
The chart of Omega ratio for AGQ, currently valued at 1.19, compared to the broader market1.001.502.002.503.001.19
Calmar ratio
The chart of Calmar ratio for AGQ, currently valued at 0.62, compared to the broader market0.005.0010.0015.000.62
Martin ratio
The chart of Martin ratio for AGQ, currently valued at 3.61, compared to the broader market0.0020.0040.0060.0080.00100.003.61

GLL vs. AGQ - Sharpe Ratio Comparison

The current GLL Sharpe Ratio is -1.47, which is lower than the AGQ Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of GLL and AGQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.00JuneJulyAugustSeptemberOctoberNovember
-1.47
0.95
GLL
AGQ

Dividends

GLL vs. AGQ - Dividend Comparison

Neither GLL nor AGQ has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

GLL vs. AGQ - Drawdown Comparison

The maximum GLL drawdown since its inception was -97.04%, roughly equal to the maximum AGQ drawdown of -98.16%. Use the drawdown chart below to compare losses from any high point for GLL and AGQ. For additional features, visit the drawdowns tool.


-97.00%-96.00%-95.00%-94.00%-93.00%JuneJulyAugustSeptemberOctoberNovember
-96.82%
-94.53%
GLL
AGQ

Volatility

GLL vs. AGQ - Volatility Comparison

The current volatility for ProShares UltraShort Gold (GLL) is 9.33%, while ProShares Ultra Silver (AGQ) has a volatility of 21.56%. This indicates that GLL experiences smaller price fluctuations and is considered to be less risky than AGQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%JuneJulyAugustSeptemberOctoberNovember
9.33%
21.56%
GLL
AGQ