UGL vs. PLTR
UGL (ProShares Ultra Gold) is Leveraged Commodities fund tracking the Bloomberg Gold Subindex (200%), while PLTR (Palantir Technologies Inc.) is a stock. Over the past 5 years, UGL returned 24.60%/yr vs 39.00%/yr for PLTR. At a 0.08 correlation, their price movements are largely independent.
Performance
UGL vs. PLTR - Performance Comparison
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Returns By Period
In the year-to-date period, UGL achieves a -12.66% return, which is significantly higher than PLTR's -27.99% return.
UGL
- 1D
- 0.08%
- 1M
- -20.27%
- YTD
- -12.66%
- 6M
- -12.99%
- 1Y
- 32.76%
- 3Y*
- 47.90%
- 5Y*
- 24.60%
- 10Y*
- 16.37%
PLTR
- 1D
- -2.36%
- 1M
- -1.58%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -5.33%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
UGL vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UGL ProShares Ultra Gold | -12.66% | 137.57% | 46.36% | 15.56% | -7.59% | -12.30% | -1.64% |
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 340.48% | 167.45% | -64.74% | -22.68% | 135.50% |
Correlation
The correlation between UGL and PLTR is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020 | 0.08 |
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Return for Risk
UGL vs. PLTR — Risk / Return Rank
UGL
PLTR
UGL vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and Palantir Technologies Inc. (PLTR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UGL | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.03 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | -0.14 | +0.85 |
| Martin ratioReturn relative to average drawdown | 1.85 | -0.25 | +2.10 |
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Drawdowns
UGL vs. PLTR - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, smaller than the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for UGL and PLTR.
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Drawdown Indicators
| UGL | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.93% | -84.62% | +8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -46.64% | -38.22% | -8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -46.64% | -40.61% | -6.03% |
Max Drawdown (5Y)Largest decline over 5 years | -46.64% | -79.14% | +32.50% |
Max Drawdown (10Y)Largest decline over 10 years | -46.64% | — | — |
Current DrawdownCurrent decline from peak | -43.37% | -38.22% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -43.62% | -40.27% | -3.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.76% | 21.23% | -3.47% |
Volatility
UGL vs. PLTR - Volatility Comparison
The current volatility for ProShares Ultra Gold (UGL) is 15.51%, while Palantir Technologies Inc. (PLTR) has a volatility of 17.16%. This indicates that UGL experiences smaller price fluctuations and is considered to be less risky than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGL | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.51% | 17.16% | -1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 48.64% | 38.32% | +10.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.39% | 50.83% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.61% | 65.44% | -28.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.58% | 69.75% | -37.17% |
Dividends
UGL vs. PLTR - Dividend Comparison
Neither UGL nor PLTR has paid dividends to shareholders.
Frequently Asked Questions
UGL and PLTR have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (17.16%) compared to UGL (15.51%). In terms of maximum drawdown, UGL dropped -75.93% vs PLTR's -84.62%.
UGL currently has the higher Sharpe Ratio (0.61 vs -0.11), 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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