GLL vs. GLDW

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares UltraShort Gold (GLL) and Roundhill Gold WeeklyPay ETF (GLDW).

GLL and GLDW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GLL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Gold (-200%). It was launched on Dec 1, 2008. GLDW is an actively managed fund by State Street. It was launched on Oct 30, 2025.

Performance

GLL vs. GLDW - Performance Comparison

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

GLL vs. GLDW - Yearly Performance Comparison

	2026 (YTD)	2025
GLL ProShares UltraShort Gold	-22.83%	-12.83%
GLDW Roundhill Gold WeeklyPay ETF	8.62%	7.63%

Returns By Period

In the year-to-date period, GLL achieves a -22.83% return, which is significantly lower than GLDW's 8.62% return.

GLL

• 1D: -7.30%
• 1M: 22.90%
• YTD: -22.83%
• 6M: -39.36%
• 1Y: -60.18%
• 3Y*: -42.72%
• 5Y*: -32.85%
• 10Y*: -24.50%

GLDW

• 1D: 4.69%
• 1M: -13.64%
• YTD: 8.62%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLL vs. GLDW - Expense Ratio Comparison

GLL has a 0.95% expense ratio, which is lower than GLDW's 0.99% expense ratio.

GLDW

Roundhill Gold WeeklyPay ETF

GLL

ProShares UltraShort Gold

Return for Risk

GLL vs. GLDW — Risk / Return Rank

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

GLL

GLL Risk / Return Rank: 1
GLL Sharpe Ratio Rank: 0
GLL Sortino Ratio Rank: 0
GLL Omega Ratio Rank: 0
GLL Calmar Ratio Rank: 1
GLL Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLL vs. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and Roundhill Gold WeeklyPay ETF (GLDW). 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	GLDW	Difference
Sharpe ratio Return per unit of total volatility	-1.10	—	—
Sortino ratio Return per unit of downside risk	-2.03	—	—
Omega ratio Gain probability vs. loss probability	0.78	—	—
Calmar ratio Return relative to maximum drawdown	-0.86	—	—
Martin ratio Return relative to average drawdown	-1.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GLL	GLDW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.10	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.93	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	1.13	-1.83

Correlation

The correlation between GLL and GLDW is -0.99. 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.

Dividends

GLL vs. GLDW - Dividend Comparison

GLL has not paid dividends to shareholders, while GLDW's dividend yield for the trailing twelve months is around 12.11%.

	TTM	2025
GLL ProShares UltraShort Gold	0.00%	0.00%
GLDW Roundhill Gold WeeklyPay ETF	12.11%	3.75%

Drawdowns

GLL vs. GLDW - Drawdown Comparison

The maximum GLL drawdown since its inception was -99.24%, which is greater than GLDW's maximum drawdown of -23.59%. Use the drawdown chart below to compare losses from any high point for GLL and GLDW.

Drawdown Indicators

	GLL	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-99.24%	-23.59%	-75.65%
Max Drawdown (1Y) Largest decline over 1 year	-71.53%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-89.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-95.76%	—	—
Current Drawdown Current decline from peak	-99.04%	-16.66%	-82.38%
Average Drawdown Average peak-to-trough decline	-84.99%	-5.11%	-79.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.01%	—	—

Volatility

Volatility by Period

	GLL	GLDW	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	54.76%	41.26%	+13.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.40%	41.26%	-5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.98%	41.26%	-9.28%