UGL vs. SGOL
Compare and contrast key facts about ProShares Ultra Gold (UGL) and Aberdeen Standard Physical Gold Shares ETF (SGOL).
UGL and SGOL 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. SGOL is a passively managed fund by Abrdn Plc that tracks the performance of the LBMA Gold Price PM ($/ozt). It was launched on Sep 9, 2009. Both UGL and SGOL 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 SGOL.
Key characteristics
| UGL | SGOL | |
|---|---|---|
| YTD Return | 21.14% | 11.80% |
| 1Y Return | 18.12% | 14.17% |
| 3Y Return (Ann) | 10.36% | 9.15% |
| 5Y Return (Ann) | 16.43% | 12.41% |
| 10Y Return (Ann) | 5.05% | 5.65% |
| Sharpe Ratio | 0.92 | 1.33 |
| Daily Std Dev | 24.79% | 12.40% |
| Max Drawdown | -75.93% | -45.51% |
| Current Drawdown | -36.36% | -3.41% |
Correlation
The correlation between UGL and SGOL is 0.99, 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.
Performance
UGL vs. SGOL - Performance Comparison
In the year-to-date period, UGL achieves a 21.14% return, which is significantly higher than SGOL's 11.80% return. Over the past 10 years, UGL has underperformed SGOL with an annualized return of 5.05%, while SGOL has yielded a comparatively higher 5.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UGL vs. SGOL - Expense Ratio Comparison
UGL has a 0.95% expense ratio, which is higher than SGOL's 0.17% expense ratio.
Risk-Adjusted Performance
UGL vs. SGOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and Aberdeen Standard Physical Gold Shares ETF (SGOL). 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. SGOL - Dividend Comparison
Neither UGL nor SGOL has paid dividends to shareholders.
Drawdowns
UGL vs. SGOL - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, which is greater than SGOL's maximum drawdown of -45.51%. Use the drawdown chart below to compare losses from any high point for UGL and SGOL. For additional features, visit the drawdowns tool.
Volatility
UGL vs. SGOL - Volatility Comparison
ProShares Ultra Gold (UGL) has a higher volatility of 10.41% compared to Aberdeen Standard Physical Gold Shares ETF (SGOL) at 5.25%. This indicates that UGL's price experiences larger fluctuations and is considered to be riskier than SGOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.