UGL vs. FLRT
UGL (ProShares Ultra Gold) and FLRT (Pacific Global Senior Loan ETF) are both exchange-traded funds - UGL is a Leveraged Commodities fund tracking the Bloomberg Gold Subindex (200%), while FLRT is a High Yield Bonds fund actively managed by Pacific Life. UGL is passively managed, while FLRT is actively managed. Over the past 10 years, UGL returned 18.45%/yr vs 5.00%/yr for FLRT. At a 0.05 correlation, their price movements are largely independent. UGL charges 0.95%/yr vs 0.69%/yr for FLRT.
Performance
UGL vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, UGL achieves a -2.16% return, which is significantly lower than FLRT's 1.83% return. Over the past 10 years, UGL has outperformed FLRT with an annualized return of 18.45%, while FLRT has yielded a comparatively lower 5.00% annualized return.
UGL
- 1D
- -2.00%
- 1M
- -3.96%
- YTD
- -2.16%
- 6M
- 1.78%
- 1Y
- 51.67%
- 3Y*
- 53.18%
- 5Y*
- 27.00%
- 10Y*
- 18.45%
FLRT
- 1D
- -0.15%
- 1M
- 0.90%
- YTD
- 1.83%
- 6M
- 2.55%
- 1Y
- 6.08%
- 3Y*
- 8.90%
- 5Y*
- 5.98%
- 10Y*
- 5.00%
UGL vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGL ProShares Ultra Gold | -2.16% | 137.57% | 46.36% | 15.56% | -7.59% | -12.30% | 39.04% | 31.11% | -8.02% | 22.50% |
FLRT Pacific Global Senior Loan ETF | 1.83% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 2.78% | 9.44% | -1.14% | 1.72% |
Correlation
The correlation between UGL and FLRT 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 | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.05 |
The correlation between UGL and FLRT shifts across timeframes, from -0.08 (1 year) to 0.07 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UGL vs. FLRT — Risk / Return Rank
UGL
FLRT
UGL vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and Pacific Global Senior Loan ETF (FLRT). 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.
| UGL | FLRT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 3.89 | -2.90 |
Sortino ratioReturn per unit of downside risk | 1.43 | 6.03 | -4.60 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.95 | -0.73 |
Calmar ratioReturn relative to maximum drawdown | 1.38 | 3.43 | -2.05 |
Martin ratioReturn relative to average drawdown | 3.17 | 12.62 | -9.45 |
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
| UGL | FLRT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 3.89 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 2.61 | -1.86 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.81 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.75 | -0.36 |
Drawdowns
UGL vs. FLRT - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, which is greater than FLRT's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for UGL and FLRT.
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Drawdown Indicators
| UGL | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.93% | -20.96% | -54.97% |
Max Drawdown (1Y)Largest decline over 1 year | -37.56% | -1.78% | -35.78% |
Max Drawdown (3Y)Largest decline over 3 years | -37.56% | -2.87% | -34.69% |
Max Drawdown (5Y)Largest decline over 5 years | -40.23% | -7.60% | -32.63% |
Max Drawdown (10Y)Largest decline over 10 years | -46.23% | -20.96% | -25.27% |
Current DrawdownCurrent decline from peak | -36.56% | -0.15% | -36.41% |
Average DrawdownAverage peak-to-trough decline | -43.63% | -1.41% | -42.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.35% | 0.48% | +15.87% |
Volatility
UGL vs. FLRT - Volatility Comparison
ProShares Ultra Gold (UGL) has a higher volatility of 11.03% compared to Pacific Global Senior Loan ETF (FLRT) at 0.40%. This indicates that UGL's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGL | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.03% | 0.40% | +10.63% |
Volatility (6M)Calculated over the trailing 6-month period | 46.81% | 1.19% | +45.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.91% | 1.57% | +51.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.18% | 2.30% | +33.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.34% | 6.17% | +26.17% |
UGL vs. FLRT - Expense Ratio Comparison
UGL has a 0.95% expense ratio, which is higher than FLRT's 0.69% expense ratio.
Dividends
UGL vs. FLRT - Dividend Comparison
UGL has not paid dividends to shareholders, while FLRT's dividend yield for the trailing twelve months is around 6.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacific Global Senior Loan ETF | 6.81% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
UGL ProShares Ultra Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UGL and FLRT 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.
UGL has higher volatility (11.03%) compared to FLRT (0.40%). In terms of maximum drawdown, UGL dropped -75.93% vs FLRT's -20.96%.
On 10-year performance, UGL leads with 18.45% vs 5.00% for FLRT. On fees, FLRT is cheaper at 0.69% per year. On volatility, FLRT has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UGL has performed better with a 18.45% return vs 5.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRT is cheaper with a 0.69% expense ratio, compared with 0.95% for UGL.
FLRT has the higher dividend yield at 6.81%, compared with 0.00% for UGL.
UGL is categorized as Leveraged Commodities, while FLRT is High Yield Bonds. They also come from different issuers: ProShares and Pacific Life. Their fees differ too: 0.95% for UGL and 0.69% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.89 vs 0.98), 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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