UGL vs. SPY
Compare and contrast key facts about ProShares Ultra Gold (UGL) and SPDR S&P 500 ETF (SPY).
UGL and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UGL and SPY 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 SPY.
Performance
UGL vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, UGL achieves a 50.16% return, which is significantly higher than SPY's 25.41% return. Over the past 10 years, UGL has underperformed SPY with an annualized return of 9.21%, while SPY has yielded a comparatively higher 13.07% annualized return.
UGL
50.16%
-6.05%
17.57%
58.01%
15.97%
9.21%
SPY
25.41%
1.18%
12.15%
32.04%
15.51%
13.07%
Key characteristics
| UGL | SPY | |
|---|---|---|
| Sharpe Ratio | 2.07 | 2.62 |
| Sortino Ratio | 2.59 | 3.50 |
| Omega Ratio | 1.33 | 1.49 |
| Calmar Ratio | 1.18 | 3.78 |
| Martin Ratio | 11.41 | 17.00 |
| Ulcer Index | 5.37% | 1.87% |
| Daily Std Dev | 29.55% | 12.14% |
| Max Drawdown | -75.93% | -55.19% |
| Current Drawdown | -21.11% | -1.38% |
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UGL vs. SPY - Expense Ratio Comparison
UGL has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between UGL and SPY is 0.06, 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.
Risk-Adjusted Performance
UGL vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Gold (UGL) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
UGL has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UGL ProShares Ultra Gold | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
UGL vs. SPY - Drawdown Comparison
The maximum UGL drawdown since its inception was -75.93%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UGL and SPY. For additional features, visit the drawdowns tool.
Volatility
UGL vs. SPY - Volatility Comparison
ProShares Ultra Gold (UGL) has a higher volatility of 11.23% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that UGL's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.