METU vs. UGL
Compare and contrast key facts about Direxion Daily META Bull 2X ETF (METU) and ProShares Ultra Gold (UGL).
METU and UGL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. METU is an actively managed fund by Direxion. It was launched on Jun 5, 2024. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: METU or UGL.
Correlation
The correlation between METU and UGL is 0.11, 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.
Performance
METU vs. UGL - Performance Comparison
Key characteristics
METU:
73.36%
UGL:
33.40%
METU:
-57.08%
UGL:
-75.93%
METU:
-57.08%
UGL:
-1.05%
Returns By Period
In the year-to-date period, METU achieves a -33.54% return, which is significantly lower than UGL's 53.12% return.
METU
-33.54%
-30.05%
-33.92%
N/A
N/A
N/A
UGL
53.12%
16.54%
40.25%
73.50%
19.52%
13.85%
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METU vs. UGL - Expense Ratio Comparison
METU has a 1.07% expense ratio, which is higher than UGL's 0.95% expense ratio.
Risk-Adjusted Performance
METU vs. UGL — Risk-Adjusted Performance Rank
METU
UGL
METU vs. UGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily META Bull 2X ETF (METU) 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.
Not enough dataDividends
METU vs. UGL - Dividend Comparison
METU's dividend yield for the trailing twelve months is around 2.90%, while UGL has not paid dividends to shareholders.
| TTM | 2024 | |
|---|---|---|
METU Direxion Daily META Bull 2X ETF | 2.90% | 1.40% |
UGL ProShares Ultra Gold | 0.00% | 0.00% |
Drawdowns
METU vs. UGL - Drawdown Comparison
The maximum METU drawdown since its inception was -57.08%, smaller than the maximum UGL drawdown of -75.93%. Use the drawdown chart below to compare losses from any high point for METU and UGL. For additional features, visit the drawdowns tool.
Volatility
METU vs. UGL - Volatility Comparison
Direxion Daily META Bull 2X ETF (METU) has a higher volatility of 41.21% compared to ProShares Ultra Gold (UGL) at 14.18%. This indicates that METU's price experiences larger fluctuations and is considered to be riskier than UGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.