UGL vs. GLL
Compare and contrast key facts about ProShares Ultra Gold (UGL) and ProShares UltraShort Gold (GLL).
UGL and GLL 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. GLL is a passively managed fund by ProShares that tracks the performance of the Bloomberg Gold (-200%). It was launched on Dec 1, 2008. Both UGL and GLL 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 GLL.
Correlation
The correlation between UGL and GLL is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
UGL vs. GLL - Performance Comparison
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Key characteristics
UGL:
1.71
GLL:
-1.19
UGL:
2.20
GLL:
-1.83
UGL:
1.28
GLL:
0.80
UGL:
1.58
GLL:
-0.43
UGL:
9.21
GLL:
-1.56
UGL:
6.57%
GLL:
27.09%
UGL:
36.24%
GLL:
35.97%
UGL:
-75.93%
GLL:
-98.03%
UGL:
-14.57%
GLL:
-97.72%
Returns By Period
In the year-to-date period, UGL achieves a 38.70% return, which is significantly higher than GLL's -31.68% return. Over the past 10 years, UGL has outperformed GLL with an annualized return of 12.30%, while GLL has yielded a comparatively lower -18.37% annualized return.
UGL
38.70%
-3.42%
42.91%
61.57%
15.67%
12.30%
GLL
-31.68%
0.17%
-34.12%
-42.65%
-20.35%
-18.37%
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UGL vs. GLL - Expense Ratio Comparison
Both UGL and GLL have an expense ratio of 0.95%.
Risk-Adjusted Performance
UGL vs. GLL — Risk-Adjusted Performance Rank
UGL
GLL
UGL vs. GLL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and ProShares UltraShort Gold (GLL). 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.
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Dividends
UGL vs. GLL - Dividend Comparison
Neither UGL nor GLL has paid dividends to shareholders.
Drawdowns
UGL vs. GLL - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, smaller than the maximum GLL drawdown of -98.03%. Use the drawdown chart below to compare losses from any high point for UGL and GLL. For additional features, visit the drawdowns tool.
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Volatility
UGL vs. GLL - Volatility Comparison
ProShares Ultra Gold (UGL) and ProShares UltraShort Gold (GLL) have volatilities of 17.81% and 17.69%, 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.
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