UGL vs. OILU
Compare and contrast key facts about ProShares Ultra Gold (UGL) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU).
UGL and OILU 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 Bloomberg Gold Subindex (200%). It was launched on Dec 1, 2008. OILU is managed by BMO. It was launched on Mar 24, 2017.
Performance
UGL vs. OILU - Performance Comparison
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UGL vs. OILU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UGL ProShares Ultra Gold | 10.70% | 137.57% | 46.36% | 15.56% | -7.59% | -1.04% |
OILU MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN | 137.69% | -16.50% | -21.65% | -32.50% | 151.08% | -17.87% |
Returns By Period
In the year-to-date period, UGL achieves a 10.70% return, which is significantly lower than OILU's 137.69% return.
UGL
- 1D
- 7.52%
- 1M
- -22.46%
- YTD
- 10.70%
- 6M
- 33.43%
- 1Y
- 90.99%
- 3Y*
- 57.42%
- 5Y*
- 34.79%
- 10Y*
- 20.22%
OILU
- 1D
- -4.17%
- 1M
- 33.09%
- YTD
- 137.69%
- 6M
- 126.29%
- 1Y
- 64.88%
- 3Y*
- 11.21%
- 5Y*
- —
- 10Y*
- —
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UGL vs. OILU - Expense Ratio Comparison
Both UGL and OILU have an expense ratio of 0.95%.
Return for Risk
UGL vs. OILU — Risk / Return Rank
UGL
OILU
UGL vs. OILU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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 | OILU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.86 | +0.80 |
Sortino ratioReturn per unit of downside risk | 2.02 | 1.43 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.21 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.56 | 1.36 | +1.20 |
Martin ratioReturn relative to average drawdown | 8.76 | 2.31 | +6.45 |
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 | OILU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.86 | +0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.24 | +0.18 |
Correlation
The correlation between UGL and OILU is 0.17, 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.
Dividends
UGL vs. OILU - Dividend Comparison
Neither UGL nor OILU has paid dividends to shareholders.
Drawdowns
UGL vs. OILU - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, smaller than the maximum OILU drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for UGL and OILU.
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Drawdown Indicators
| UGL | OILU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.93% | -81.00% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -37.56% | -52.04% | +14.48% |
Max Drawdown (5Y)Largest decline over 5 years | -40.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.23% | — | — |
Current DrawdownCurrent decline from peak | -28.22% | -36.07% | +7.85% |
Average DrawdownAverage peak-to-trough decline | -43.77% | -50.73% | +6.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.99% | 30.72% | -19.73% |
Volatility
UGL vs. OILU - Volatility Comparison
ProShares Ultra Gold (UGL) has a higher volatility of 22.02% compared to MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) at 16.19%. This indicates that UGL's price experiences larger fluctuations and is considered to be riskier than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGL | OILU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.02% | 16.19% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 49.01% | 42.42% | +6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.43% | 76.32% | -20.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.69% | 81.18% | -45.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.19% | 81.18% | -48.99% |