UGL vs. GLD
Compare and contrast key facts about ProShares Ultra Gold (UGL) and SPDR Gold Trust (GLD).
UGL and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both UGL and GLD 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 GLD.
Performance
UGL vs. GLD - Performance Comparison
Returns By Period
In the year-to-date period, UGL achieves a 52.47% return, which is significantly higher than GLD's 29.03% return. Over the past 10 years, UGL has outperformed GLD with an annualized return of 9.43%, while GLD has yielded a comparatively lower 7.94% annualized return.
UGL
52.47%
-6.51%
24.50%
61.87%
16.31%
9.43%
GLD
29.03%
-2.86%
14.34%
33.65%
12.39%
7.94%
Key characteristics
| UGL | GLD | |
|---|---|---|
| Sharpe Ratio | 2.05 | 2.23 |
| Sortino Ratio | 2.57 | 2.97 |
| Omega Ratio | 1.33 | 1.39 |
| Calmar Ratio | 1.17 | 4.07 |
| Martin Ratio | 11.19 | 13.12 |
| Ulcer Index | 5.40% | 2.52% |
| Daily Std Dev | 29.52% | 14.86% |
| Max Drawdown | -75.93% | -45.56% |
| Current Drawdown | -19.90% | -4.21% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
UGL vs. GLD - Expense Ratio Comparison
UGL has a 0.95% expense ratio, which is higher than GLD's 0.40% expense ratio.
Correlation
The correlation between UGL and GLD is 1.00, 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.
Risk-Adjusted Performance
UGL vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
Neither UGL nor GLD has paid dividends to shareholders.
Drawdowns
UGL vs. GLD - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for UGL and GLD. For additional features, visit the drawdowns tool.
Volatility
UGL vs. GLD - Volatility Comparison
ProShares Ultra Gold (UGL) has a higher volatility of 11.17% compared to SPDR Gold Trust (GLD) at 5.62%. This indicates that UGL's price experiences larger fluctuations and is considered to be riskier than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.