GLL vs. GOOG
GLL (ProShares UltraShort Gold) is Leveraged Commodities fund tracking the Bloomberg Gold (-200%), while GOOG (Alphabet Inc) is a stock. Over the past 10 years, GLL returned -23.48%/yr vs 26.38%/yr for GOOG. At a correlation of -0.03, they often move in opposite directions.
Performance
GLL vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, GLL achieves a -15.95% return, which is significantly lower than GOOG's 17.76% return. Over the past 10 years, GLL has underperformed GOOG with an annualized return of -23.48%, while GOOG has yielded a comparatively higher 26.38% annualized return.
GLL
- 1D
- -1.70%
- 1M
- 3.39%
- YTD
- -15.95%
- 6M
- -19.96%
- 1Y
- -48.55%
- 3Y*
- -41.54%
- 5Y*
- -29.06%
- 10Y*
- -23.48%
GOOG
- 1D
- 3.82%
- 1M
- -3.90%
- YTD
- 17.76%
- 6M
- 16.14%
- 1Y
- 118.75%
- 3Y*
- 43.26%
- 5Y*
- 24.88%
- 10Y*
- 26.38%
GLL vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLL ProShares UltraShort Gold | -15.95% | -62.81% | -33.33% | -14.91% | -2.12% | 1.66% | -41.47% | -26.95% | 5.39% | -23.67% |
GOOG Alphabet Inc | 17.76% | 65.42% | 35.62% | 58.83% | -38.67% | 65.17% | 31.03% | 29.10% | -1.03% | 35.58% |
Correlation
The correlation between GLL and GOOG is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 4, 2014 | -0.03 |
The correlation between GLL and GOOG shifts across timeframes, from -0.16 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GLL vs. GOOG — Risk / Return Rank
GLL
GOOG
GLL vs. GOOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and Alphabet Inc (GOOG). 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 | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.09 | ||
| Sortino ratioReturn per unit of downside risk | -7.05 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.67 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 5.76 | -6.50 |
| Martin ratioReturn relative to average drawdown | -1.16 | 20.87 | -22.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLL | GOOG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.93 | 4.16 | -5.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.81 | 0.80 | -1.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.73 | 0.91 | -1.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.68 | 0.83 | -1.50 |
Drawdowns
GLL vs. GOOG - Drawdown Comparison
The maximum GLL drawdown since its inception was -99.24%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for GLL and GOOG.
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Drawdown Indicators
| GLL | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.24% | -44.60% | -54.64% |
Max Drawdown (1Y)Largest decline over 1 year | -65.10% | -20.75% | -44.35% |
Max Drawdown (3Y)Largest decline over 3 years | -87.95% | -29.35% | -58.60% |
Max Drawdown (5Y)Largest decline over 5 years | -89.76% | -44.60% | -45.16% |
Max Drawdown (10Y)Largest decline over 10 years | -95.76% | -44.60% | -51.16% |
Current DrawdownCurrent decline from peak | -98.96% | -7.46% | -91.50% |
Average DrawdownAverage peak-to-trough decline | -85.13% | -8.89% | -76.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.87% | 5.71% | +36.16% |
Volatility
GLL vs. GOOG - Volatility Comparison
ProShares UltraShort Gold (GLL) has a higher volatility of 11.07% compared to Alphabet Inc (GOOG) at 8.94%. This indicates that GLL's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLL | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.07% | 8.94% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 44.43% | 20.48% | +23.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.37% | 28.75% | +23.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.89% | 31.14% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 29.01% | +3.11% |
Dividends
GLL vs. GOOG - Dividend Comparison
GLL has not paid dividends to shareholders, while GOOG's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GLL ProShares UltraShort Gold | 0.00% | 0.00% | 0.00% |
GOOG Alphabet Inc | 0.23% | 0.26% | 0.32% |
Frequently Asked Questions
GLL and GOOG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLL has higher volatility (11.07%) compared to GOOG (8.94%). In terms of maximum drawdown, GLL dropped -99.24% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (4.16 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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