GLL vs. MOOD
GLL (ProShares UltraShort Gold) and MOOD (Relative Sentiment Tactical Allocation ETF) are both exchange-traded funds - GLL is a Leveraged Commodities fund tracking the Bloomberg Gold (-200%), while MOOD is a Tactical Allocation fund actively managed by Relative Sentiment. GLL is passively managed, while MOOD is actively managed. Over the past 3 years, GLL returned -37.68%/yr vs 19.36%/yr for MOOD. At a correlation of -0.50, they often move in opposite directions. GLL charges 0.95%/yr vs 0.73%/yr for MOOD.
Performance
GLL vs. MOOD - Performance Comparison
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Returns By Period
In the year-to-date period, GLL achieves a 3.86% return, which is significantly lower than MOOD's 13.29% return.
GLL
- 1D
- 5.23%
- 1M
- 9.87%
- 6M
- 18.09%
- YTD
- 3.86%
- 1Y
- -37.13%
- 3Y*
- -37.68%
- 5Y*
- -26.90%
- 10Y*
- -20.73%
MOOD
- 1D
- -0.64%
- 1M
- -0.72%
- 6M
- 7.35%
- YTD
- 13.29%
- 1Y
- 30.71%
- 3Y*
- 19.36%
- 5Y*
- —
- 10Y*
- —
GLL vs. MOOD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
GLL ProShares UltraShort Gold | 3.86% | -62.81% | -33.33% | -14.91% | -1.09% |
MOOD Relative Sentiment Tactical Allocation ETF | 13.29% | 30.39% | 12.53% | 12.56% | -3.31% |
Correlation
The correlation between GLL and MOOD is -0.71, 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 | -0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.53 |
Correlation (All Time) Calculated using the full available price history since May 19, 2022 | -0.50 |
Over the past year, the inverse relationship between GLL and MOOD has strengthened: their correlation has moved from -0.50 to -0.71, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
GLL vs. MOOD — Risk / Return Rank
GLL
MOOD
GLL vs. MOOD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and Relative Sentiment Tactical Allocation ETF (MOOD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLL | MOOD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.78 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.41 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.18 | -3.75 |
| Martin ratioReturn relative to average drawdown | -0.84 | 9.68 | -10.52 |
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Drawdowns
GLL vs. MOOD - Drawdown Comparison
The maximum GLL drawdown since its inception was -99.24%, which is greater than MOOD's maximum drawdown of -14.34%. Use the drawdown chart below to compare losses from any high point for GLL and MOOD.
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Drawdown Indicators
| GLL | MOOD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.24% | -14.34% | -84.90% |
Max Drawdown (1Y)Largest decline over 1 year | -65.10% | -9.71% | -55.39% |
Max Drawdown (3Y)Largest decline over 3 years | -87.95% | -9.71% | -78.24% |
Max Drawdown (5Y)Largest decline over 5 years | -89.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.76% | — | — |
Current DrawdownCurrent decline from peak | -98.71% | -2.06% | -96.65% |
Average DrawdownAverage peak-to-trough decline | -85.19% | -2.31% | -82.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.14% | 3.18% | +40.96% |
Volatility
GLL vs. MOOD - Volatility Comparison
ProShares UltraShort Gold (GLL) has a higher volatility of 15.04% compared to Relative Sentiment Tactical Allocation ETF (MOOD) at 4.02%. This indicates that GLL's price experiences larger fluctuations and is considered to be riskier than MOOD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLL | MOOD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.04% | 4.02% | +11.02% |
Volatility (6M)Calculated over the trailing 6-month period | 46.46% | 12.60% | +33.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.09% | 14.71% | +40.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.69% | 12.13% | +24.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.42% | 12.13% | +20.29% |
GLL vs. MOOD - Expense Ratio Comparison
GLL has a 0.95% expense ratio, which is higher than MOOD's 0.73% expense ratio.
Dividends
GLL vs. MOOD - Dividend Comparison
GLL has not paid dividends to shareholders, while MOOD's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
GLL ProShares UltraShort Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MOOD Relative Sentiment Tactical Allocation ETF | 0.36% | 0.40% | 1.33% | 1.34% | 1.43% |
Frequently Asked Questions
GLL and MOOD have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLL has higher volatility (15.04%) compared to MOOD (4.02%). In terms of maximum drawdown, GLL dropped -99.24% vs MOOD's -14.34%.
On 3-year performance, MOOD leads with 19.36% vs -37.68% for GLL. On fees, MOOD is cheaper at 0.73% per year. On volatility, MOOD has been the lower-risk option at 4.02%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MOOD has performed better with a 19.36% return vs -37.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MOOD is cheaper with a 0.73% expense ratio, compared with 0.95% for GLL.
MOOD has the higher dividend yield at 0.36%, compared with 0.00% for GLL.
GLL is categorized as Leveraged Commodities, while MOOD is Tactical Allocation. They also come from different issuers: ProShares and Relative Sentiment. Their fees differ too: 0.95% for GLL and 0.73% for MOOD.
MOOD currently has the higher Sharpe Ratio (2.10 vs -0.68), 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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