GLL vs. VMRXX
GLL (ProShares UltraShort Gold) and VMRXX (Vanguard Cash Reserves Federal Money Market Fund Admiral Shares) are both funds - GLL is a Leveraged Commodities fund tracking the Bloomberg Gold (-200%), while VMRXX is a Money Market fund actively managed by Vanguard. GLL is passively managed, while VMRXX is actively managed. Over the past 5 years, GLL returned -27.32%/yr vs 3.09%/yr for VMRXX. At a correlation of -0.01, they often move in opposite directions. GLL charges 0.95%/yr vs 0.10%/yr for VMRXX.
Performance
GLL vs. VMRXX - Performance Comparison
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Returns By Period
In the year-to-date period, GLL achieves a 3.56% return, which is significantly higher than VMRXX's 1.80% return.
GLL
- 1D
- 0.33%
- 1M
- 10.35%
- 6M
- 17.03%
- YTD
- 3.56%
- 1Y
- -37.98%
- 3Y*
- -37.61%
- 5Y*
- -27.32%
- 10Y*
- -20.81%
- ALL TIME*
- -21.71%
VMRXX
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 1.80%
- 1Y
- 3.91%
- 3Y*
- 4.39%
- 5Y*
- 3.09%
- 10Y*
- —
- ALL TIME*
- 3.00%
GLL vs. VMRXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLL ProShares UltraShort Gold | 3.56% | -62.81% | -33.33% | -14.91% | -2.12% | 2.39% |
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 1.80% | 4.25% | 4.84% | 4.65% | 0.00% | 0.01% |
Correlation
The correlation between GLL and VMRXX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | -0.01 |
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Return for Risk
GLL vs. VMRXX — Risk / Return Rank
GLL
VMRXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GLL vs. VMRXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX). 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 | VMRXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.36 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.90 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | — | — |
| Martin ratioReturn relative to average drawdown | -0.85 | — | — |
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Drawdowns
GLL vs. VMRXX - Drawdown Comparison
The maximum GLL drawdown since its inception was -99.24%, which is greater than VMRXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GLL and VMRXX.
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Drawdown Indicators
| GLL | VMRXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.24% | 0.00% | -99.24% |
Max Drawdown (1Y)Largest decline over 1 year | -65.10% | 0.00% | -65.10% |
Max Drawdown (3Y)Largest decline over 3 years | -87.95% | 0.00% | -87.95% |
Max Drawdown (5Y)Largest decline over 5 years | -89.76% | 0.00% | -89.76% |
Max Drawdown (10Y)Largest decline over 10 years | -95.76% | — | — |
Current DrawdownCurrent decline from peak | -98.71% | 0.00% | -98.71% |
Average DrawdownAverage peak-to-trough decline | -85.21% | 0.00% | -85.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.53% | 0.00% | +44.53% |
Volatility
GLL vs. VMRXX - Volatility Comparison
ProShares UltraShort Gold (GLL) has a higher volatility of 12.38% compared to Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) at 0.29%. This indicates that GLL's price experiences larger fluctuations and is considered to be riskier than VMRXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLL | VMRXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.38% | 0.29% | +12.09% |
Volatility (6M)Calculated over the trailing 6-month period | 46.47% | 0.72% | +45.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.29% | 1.10% | +54.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.74% | 1.09% | +35.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.43% | 1.07% | +31.36% |
GLL vs. VMRXX - Expense Ratio Comparison
GLL has a 0.95% expense ratio, which is higher than VMRXX's 0.10% expense ratio.
Dividends
GLL vs. VMRXX - Dividend Comparison
GLL has not paid dividends to shareholders, while VMRXX's dividend yield for the trailing twelve months is around 3.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GLL ProShares UltraShort Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VMRXX Vanguard Cash Reserves Federal Money Market Fund Admiral Shares | 3.83% | 4.15% | 4.71% | 4.54% | 0.00% | 0.01% |
Frequently Asked Questions
GLL and VMRXX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLL has higher volatility (12.38%) compared to VMRXX (0.29%). In terms of maximum drawdown, GLL dropped -99.24% vs VMRXX's 0.00%.
VMRXX currently has the higher Sharpe Ratio (3.67 vs -0.69), 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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