GLL vs. YGLD
GLL (ProShares UltraShort Gold) and YGLD (Simplify Gold Strategy PLUS Income ETF) are both exchange-traded funds - GLL is a Leveraged Commodities fund tracking the Bloomberg Gold (-200%), while YGLD is a Gold fund actively managed by Simplify. GLL is passively managed, while YGLD is actively managed. Over the past year, GLL returned -48.24% vs 23.02% for YGLD. At a correlation of -0.93, they often move in opposite directions. GLL charges 0.95%/yr vs 0.50%/yr for YGLD.
Performance
GLL vs. YGLD - Performance Comparison
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Returns By Period
In the year-to-date period, GLL achieves a -14.49% return, which is significantly lower than YGLD's -7.24% return.
GLL
- 1D
- 2.05%
- 1M
- 3.37%
- YTD
- -14.49%
- 6M
- -18.72%
- 1Y
- -48.24%
- 3Y*
- -41.46%
- 5Y*
- -28.82%
- 10Y*
- -23.37%
YGLD
- 1D
- -1.34%
- 1M
- -2.29%
- YTD
- -7.24%
- 6M
- -7.14%
- 1Y
- 23.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLL vs. YGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GLL ProShares UltraShort Gold | -14.49% | -62.81% | 1.56% |
YGLD Simplify Gold Strategy PLUS Income ETF | -7.24% | 96.82% | -4.17% |
Correlation
The correlation between GLL and YGLD is -0.93, 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 | -0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | -0.93 |
The correlation between GLL and YGLD has been stable across timeframes, ranging from -0.93 to -0.93 - a consistent structural relationship.
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Return for Risk
GLL vs. YGLD — Risk / Return Rank
GLL
YGLD
GLL vs. YGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Gold (GLL) and Simplify Gold Strategy PLUS Income ETF (YGLD). 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.
| GLL | YGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.14 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.68 | -1.42 |
| Martin ratioReturn relative to average drawdown | -1.16 | 1.55 | -2.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLL | YGLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.92 | 0.57 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.81 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.67 | 1.17 | -1.85 |
Drawdowns
GLL vs. YGLD - Drawdown Comparison
The maximum GLL drawdown since its inception was -99.24%, which is greater than YGLD's maximum drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for GLL and YGLD.
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Drawdown Indicators
| GLL | YGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.24% | -34.23% | -65.01% |
Max Drawdown (1Y)Largest decline over 1 year | -65.10% | -34.23% | -30.87% |
Max Drawdown (3Y)Largest decline over 3 years | -87.95% | — | — |
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 | -98.94% | -33.06% | -65.88% |
Average DrawdownAverage peak-to-trough decline | -85.13% | -7.91% | -77.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.74% | 14.86% | +26.88% |
Volatility
GLL vs. YGLD - Volatility Comparison
ProShares UltraShort Gold (GLL) has a higher volatility of 11.07% compared to Simplify Gold Strategy PLUS Income ETF (YGLD) at 8.70%. This indicates that GLL's price experiences larger fluctuations and is considered to be riskier than YGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLL | YGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.07% | 8.70% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 44.43% | 34.68% | +9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.38% | 40.43% | +11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.90% | 39.10% | -3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.12% | 39.10% | -6.98% |
GLL vs. YGLD - Expense Ratio Comparison
GLL has a 0.95% expense ratio, which is higher than YGLD's 0.50% expense ratio.
Dividends
GLL vs. YGLD - Dividend Comparison
GLL has not paid dividends to shareholders, while YGLD's dividend yield for the trailing twelve months is around 19.23%.
| Position | TTM | 2025 |
|---|---|---|
GLL ProShares UltraShort Gold | 0.00% | 0.00% |
YGLD Simplify Gold Strategy PLUS Income ETF | 19.23% | 12.05% |
Frequently Asked Questions
GLL and YGLD have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLL has higher volatility (11.07%) compared to YGLD (8.70%). In terms of maximum drawdown, GLL dropped -99.24% vs YGLD's -34.23%.
On 1-year performance, YGLD leads with 23.02% vs -48.24% for GLL. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 8.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YGLD has performed better with a 23.02% return vs -48.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YGLD is cheaper with a 0.50% expense ratio, compared with 0.95% for GLL.
YGLD has the higher dividend yield at 19.23%, compared with 0.00% for GLL.
GLL is categorized as Leveraged Commodities, while YGLD is Gold. They also come from different issuers: ProShares and Simplify. Their fees differ too: 0.95% for GLL and 0.50% for YGLD.
YGLD currently has the higher Sharpe Ratio (0.57 vs -0.92), 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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