GLL vs. IAUM
Compare and contrast key facts about ProShares UltraShort Gold (GLL) and iShares Gold Trust Micro ETF of Benef Interest (IAUM).
GLL and IAUM 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. IAUM is a passively managed fund by iShares that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Jun 15, 2021. Both GLL and IAUM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GLL or IAUM.
Performance
GLL vs. IAUM - Performance Comparison
Returns By Period
In the year-to-date period, GLL achieves a -33.86% return, which is significantly lower than IAUM's 27.52% return.
GLL
-33.86%
6.99%
-11.96%
-38.68%
-21.12%
-15.94%
IAUM
27.52%
-3.17%
8.60%
33.01%
N/A
N/A
Key characteristics
| GLL | IAUM | |
|---|---|---|
| Sharpe Ratio | -1.31 | 2.23 |
| Sortino Ratio | -2.06 | 2.98 |
| Omega Ratio | 0.78 | 1.39 |
| Calmar Ratio | -0.40 | 4.06 |
| Martin Ratio | -1.44 | 13.28 |
| Ulcer Index | 26.69% | 2.47% |
| Daily Std Dev | 29.44% | 14.74% |
| Max Drawdown | -97.04% | -20.87% |
| Current Drawdown | -96.69% | -5.54% |
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GLL vs. IAUM - Expense Ratio Comparison
GLL has a 0.95% expense ratio, which is higher than IAUM's 0.15% expense ratio.
Correlation
The correlation between GLL and IAUM is -1.00. 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.
Risk-Adjusted Performance
GLL vs. IAUM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and iShares Gold Trust Micro ETF of Benef Interest (IAUM). 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.
Dividends
GLL vs. IAUM - Dividend Comparison
Neither GLL nor IAUM has paid dividends to shareholders.
Drawdowns
GLL vs. IAUM - Drawdown Comparison
The maximum GLL drawdown since its inception was -97.04%, which is greater than IAUM's maximum drawdown of -20.87%. Use the drawdown chart below to compare losses from any high point for GLL and IAUM. For additional features, visit the drawdowns tool.
Volatility
GLL vs. IAUM - Volatility Comparison
ProShares UltraShort Gold (GLL) has a higher volatility of 10.99% compared to iShares Gold Trust Micro ETF of Benef Interest (IAUM) at 5.63%. This indicates that GLL's price experiences larger fluctuations and is considered to be riskier than IAUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.