UGL vs. DGP
Compare and contrast key facts about ProShares Ultra Gold (UGL) and DB Gold Double Long Exchange Traded Notes (DGP).
UGL and DGP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. DGP is a passively managed fund by Deutsche Bank that tracks the performance of the Deutsche Bank Liquid Commodity Index-Optimum Yield Gold (200%). It was launched on Feb 27, 2008. Both UGL and DGP 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: UGL or DGP.
Key characteristics
| UGL | DGP | |
|---|---|---|
| YTD Return | 65.77% | 70.01% |
| 1Y Return | 73.77% | 77.81% |
| 3Y Return (Ann) | 22.85% | 25.46% |
| 5Y Return (Ann) | 16.67% | 19.43% |
| 10Y Return (Ann) | 10.83% | 12.38% |
| Sharpe Ratio | 2.56 | 2.73 |
| Sortino Ratio | 3.13 | 3.37 |
| Omega Ratio | 1.40 | 1.42 |
| Calmar Ratio | 1.35 | 1.66 |
| Martin Ratio | 14.99 | 16.77 |
| Ulcer Index | 4.79% | 4.54% |
| Daily Std Dev | 28.08% | 27.92% |
| Max Drawdown | -75.93% | -75.31% |
| Current Drawdown | -12.91% | 0.00% |
Correlation
The correlation between UGL and DGP is 0.96, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UGL vs. DGP - Performance Comparison
In the year-to-date period, UGL achieves a 65.77% return, which is significantly lower than DGP's 70.01% return. Over the past 10 years, UGL has underperformed DGP with an annualized return of 10.83%, while DGP has yielded a comparatively higher 12.38% 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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UGL vs. DGP - Expense Ratio Comparison
UGL has a 0.95% expense ratio, which is higher than DGP's 0.75% expense ratio.
Risk-Adjusted Performance
UGL vs. DGP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and DB Gold Double Long Exchange Traded Notes (DGP). 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
UGL vs. DGP - Dividend Comparison
Neither UGL nor DGP has paid dividends to shareholders.
Drawdowns
UGL vs. DGP - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, roughly equal to the maximum DGP drawdown of -75.31%. Use the drawdown chart below to compare losses from any high point for UGL and DGP. For additional features, visit the drawdowns tool.
Volatility
UGL vs. DGP - Volatility Comparison
ProShares Ultra Gold (UGL) and DB Gold Double Long Exchange Traded Notes (DGP) have volatilities of 5.96% and 5.92%, 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.