GLL vs. UGL
Compare and contrast key facts about ProShares UltraShort Gold (GLL) and ProShares Ultra Gold (UGL).
GLL and UGL 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. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. Both GLL and UGL 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 UGL.
Key characteristics
| GLL | UGL | |
|---|---|---|
| YTD Return | -30.87% | 42.05% |
| 1Y Return | -36.59% | 54.67% |
| 3Y Return (Ann) | -15.82% | 13.13% |
| 5Y Return (Ann) | -20.38% | 14.55% |
| 10Y Return (Ann) | -15.68% | 8.79% |
| Sharpe Ratio | -1.29 | 1.95 |
| Sortino Ratio | -2.03 | 2.47 |
| Omega Ratio | 0.79 | 1.32 |
| Calmar Ratio | -0.39 | 1.10 |
| Martin Ratio | -1.42 | 11.39 |
| Ulcer Index | 26.67% | 5.03% |
| Daily Std Dev | 29.31% | 29.37% |
| Max Drawdown | -97.04% | -75.93% |
| Current Drawdown | -96.54% | -25.37% |
Correlation
The correlation between GLL and UGL 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.
Performance
GLL vs. UGL - Performance Comparison
In the year-to-date period, GLL achieves a -30.87% return, which is significantly lower than UGL's 42.05% return. Over the past 10 years, GLL has underperformed UGL with an annualized return of -15.68%, while UGL has yielded a comparatively higher 8.79% 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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GLL vs. UGL - Expense Ratio Comparison
Both GLL and UGL have an expense ratio of 0.95%.
Risk-Adjusted Performance
GLL vs. UGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and ProShares Ultra Gold (UGL). 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. UGL - Dividend Comparison
Neither GLL nor UGL has paid dividends to shareholders.
Drawdowns
GLL vs. UGL - Drawdown Comparison
The maximum GLL drawdown since its inception was -97.04%, which is greater than UGL's maximum drawdown of -75.93%. Use the drawdown chart below to compare losses from any high point for GLL and UGL. For additional features, visit the drawdowns tool.
Volatility
GLL vs. UGL - Volatility Comparison
ProShares UltraShort Gold (GLL) and ProShares Ultra Gold (UGL) have volatilities of 10.46% and 10.88%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.