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GLL vs. YANG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

GLL vs. YANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Gold (GLL) and Direxion Daily China 3x Bear Shares (YANG). The values are adjusted to include any dividend payments, if applicable.

-60.00%-40.00%-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
-19.60%
-46.67%
GLL
YANG

Returns By Period

In the year-to-date period, GLL achieves a -34.70% return, which is significantly higher than YANG's -69.69% return. Over the past 10 years, GLL has outperformed YANG with an annualized return of -16.04%, while YANG has yielded a comparatively lower -36.19% annualized return.


GLL

YTD

-34.70%

1M

5.61%

6M

-16.29%

1Y

-38.17%

5Y (annualized)

-21.36%

10Y (annualized)

-16.04%

YANG

YTD

-69.69%

1M

7.29%

6M

-44.44%

1Y

-64.65%

5Y (annualized)

-39.67%

10Y (annualized)

-36.19%

Key characteristics


GLLYANG
Sharpe Ratio-1.34-0.63
Sortino Ratio-2.14-0.66
Omega Ratio0.780.91
Calmar Ratio-0.41-0.63
Martin Ratio-1.47-1.23
Ulcer Index26.80%50.85%
Daily Std Dev29.46%98.82%
Max Drawdown-97.04%-99.96%
Current Drawdown-96.73%-99.94%

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GLL vs. YANG - Expense Ratio Comparison

GLL has a 0.95% expense ratio, which is lower than YANG's 1.07% expense ratio.


YANG
Direxion Daily China 3x Bear Shares
Expense ratio chart for YANG: current value at 1.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.07%
Expense ratio chart for GLL: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.1

The correlation between GLL and YANG is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

GLL vs. YANG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and Direxion Daily China 3x Bear Shares (YANG). 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.


Sharpe ratio
The chart of Sharpe ratio for GLL, currently valued at -1.34, compared to the broader market0.002.004.00-1.34-0.63
The chart of Sortino ratio for GLL, currently valued at -2.14, compared to the broader market-2.000.002.004.006.008.0010.0012.00-2.14-0.66
The chart of Omega ratio for GLL, currently valued at 0.78, compared to the broader market0.501.001.502.002.503.000.780.91
The chart of Calmar ratio for GLL, currently valued at -0.43, compared to the broader market0.005.0010.0015.00-0.43-0.63
The chart of Martin ratio for GLL, currently valued at -1.47, compared to the broader market0.0020.0040.0060.0080.00100.00-1.47-1.23
GLL
YANG

The current GLL Sharpe Ratio is -1.34, which is lower than the YANG Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of GLL and YANG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio-1.50-1.00-0.500.00JuneJulyAugustSeptemberOctoberNovember
-1.34
-0.63
GLL
YANG

Dividends

GLL vs. YANG - Dividend Comparison

GLL has not paid dividends to shareholders, while YANG's dividend yield for the trailing twelve months is around 3.99%.


TTM202320222021202020192018
GLL
ProShares UltraShort Gold
0.00%0.00%0.00%0.00%0.00%0.00%0.00%
YANG
Direxion Daily China 3x Bear Shares
3.99%2.48%0.00%0.00%0.03%0.54%0.56%

Drawdowns

GLL vs. YANG - Drawdown Comparison

The maximum GLL drawdown since its inception was -97.04%, roughly equal to the maximum YANG drawdown of -99.96%. Use the drawdown chart below to compare losses from any high point for GLL and YANG. For additional features, visit the drawdowns tool.


-100.00%-98.00%-96.00%-94.00%-92.00%-90.00%JuneJulyAugustSeptemberOctoberNovember
-92.03%
-99.94%
GLL
YANG

Volatility

GLL vs. YANG - Volatility Comparison

The current volatility for ProShares UltraShort Gold (GLL) is 10.84%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 30.72%. This indicates that GLL experiences smaller price fluctuations and is considered to be less risky than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%70.00%JuneJulyAugustSeptemberOctoberNovember
10.84%
30.72%
GLL
YANG