GLL vs. GC=F
Compare and contrast key facts about ProShares UltraShort Gold (GLL) and Gold (GC=F).
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: GLL or GC=F.
Key characteristics
| GLL | GC=F | |
|---|---|---|
| YTD Return | -36.41% | 30.31% |
| 1Y Return | -42.11% | 36.82% |
| 3Y Return (Ann) | -19.18% | 12.19% |
| 5Y Return (Ann) | -21.82% | 11.47% |
| 10Y Return (Ann) | -16.75% | 7.71% |
| Sharpe Ratio | -1.47 | 2.33 |
| Sortino Ratio | -2.41 | 3.00 |
| Omega Ratio | 0.75 | 1.42 |
| Calmar Ratio | -0.44 | 5.85 |
| Martin Ratio | -1.53 | 13.47 |
| Ulcer Index | 27.77% | 2.40% |
| Daily Std Dev | 28.87% | 13.98% |
| Max Drawdown | -97.04% | -44.36% |
| Current Drawdown | -96.82% | -3.62% |
Correlation
The correlation between GLL and GC=F 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
GLL vs. GC=F - Performance Comparison
In the year-to-date period, GLL achieves a -36.41% return, which is significantly lower than GC=F's 30.31% return. Over the past 10 years, GLL has underperformed GC=F with an annualized return of -16.75%, while GC=F has yielded a comparatively higher 7.71% 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
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.
Drawdowns
GLL vs. GC=F - Drawdown Comparison
The maximum GLL drawdown since its inception was -97.04%, 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.
Volatility
GLL vs. GC=F - Volatility Comparison
ProShares UltraShort Gold (GLL) has a higher volatility of 9.11% compared to Gold (GC=F) at 4.30%. 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.