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

Correlation

The correlation between GLL and GC=F is -0.06. 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.


-0.50.00.51.0
Correlation: -0.1

Performance

GLL vs. GC=F - Performance Comparison

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

-100.00%0.00%100.00%200.00%300.00%NovemberDecember2025FebruaryMarchApril
-97.85%
337.86%
GLL
GC=F

Key characteristics

Sharpe Ratio

GLL:

-1.43

GC=F:

2.34

Sortino Ratio

GLL:

-2.38

GC=F:

3.01

Omega Ratio

GLL:

0.75

GC=F:

1.42

Calmar Ratio

GLL:

-0.49

GC=F:

4.95

Martin Ratio

GLL:

-1.98

GC=F:

12.57

Ulcer Index

GLL:

24.49%

GC=F:

3.15%

Daily Std Dev

GLL:

33.96%

GC=F:

16.66%

Max Drawdown

GLL:

-98.00%

GC=F:

-44.36%

Current Drawdown

GLL:

-97.91%

GC=F:

-1.17%

Returns By Period

In the year-to-date period, GLL achieves a -37.49% return, which is significantly lower than GC=F's 28.04% return. Over the past 10 years, GLL has underperformed GC=F with an annualized return of -19.43%, while GC=F has yielded a comparatively higher 9.46% annualized return.


GLL

YTD

-37.49%

1M

-18.89%

6M

-31.82%

1Y

-48.93%

5Y*

-22.04%

10Y*

-19.43%

GC=F

YTD

28.04%

1M

11.33%

6M

23.09%

1Y

44.82%

5Y*

12.55%

10Y*

9.46%

*Annualized

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Risk-Adjusted Performance

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

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 00
Martin Ratio Rank

GC=F
The Risk-Adjusted Performance Rank of GC=F is 9494
Overall Rank
The Sharpe Ratio Rank of GC=F is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of GC=F is 9494
Sortino Ratio Rank
The Omega Ratio Rank of GC=F is 9494
Omega Ratio Rank
The Calmar Ratio Rank of GC=F is 9494
Calmar Ratio Rank
The Martin Ratio Rank of GC=F is 9494
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.

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

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and Gold (GC=F). 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 chart of Sharpe ratio for GLL, currently valued at -1.36, compared to the broader market-1.000.001.002.003.004.00
GLL: -1.36
GC=F: 2.34
The chart of Sortino ratio for GLL, currently valued at -2.19, compared to the broader market-2.000.002.004.006.008.00
GLL: -2.19
GC=F: 3.01
The chart of Omega ratio for GLL, currently valued at 0.76, compared to the broader market0.501.001.502.00
GLL: 0.76
GC=F: 1.42
The chart of Calmar ratio for GLL, currently valued at -0.46, compared to the broader market0.002.004.006.008.0010.0012.00
GLL: -0.46
GC=F: 4.95
The chart of Martin ratio for GLL, currently valued at -1.80, compared to the broader market0.0020.0040.0060.00
GLL: -1.80
GC=F: 12.57

The current GLL Sharpe Ratio is -1.43, which is lower than the GC=F Sharpe Ratio of 2.34. The chart below compares the historical Sharpe Ratios of GLL and GC=F, 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-2.00-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-1.36
2.34
GLL
GC=F

Drawdowns

GLL vs. GC=F - Drawdown Comparison

The maximum GLL drawdown since its inception was -98.00%, which is greater than GC=F's maximum drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for GLL and GC=F. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-97.91%
-1.17%
GLL
GC=F

Volatility

GLL vs. GC=F - Volatility Comparison

ProShares UltraShort Gold (GLL) has a higher volatility of 16.58% compared to Gold (GC=F) at 9.01%. This indicates that GLL's price experiences larger fluctuations and is considered to be riskier than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
16.58%
9.01%
GLL
GC=F