UGLD vs. UPAL
UGLD (Direxion Daily Gold Bull 2X ETF) and UPAL (ProShares Ultra Palladium K-1 Free ETF) are both Leveraged Commodities funds. Both are actively managed. Their 0.73 correlation means they have sometimes moved together and sometimes differently. UGLD charges 1.07%/yr vs 0.95%/yr for UPAL.
Performance
UGLD vs. UPAL - Performance Comparison
Loading charts...
Returns By Period
UGLD
- 1D
- -2.79%
- 1M
- -4.25%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
UPAL
- 1D
- -5.42%
- 1M
- -0.38%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $371.76K | $420.49K | $388.31K | |
| $22.27K | $22.43K | $22.79K |
UGLD vs. UPAL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
UGLD Direxion Daily Gold Bull 2X ETF | -19.07% |
UPAL ProShares Ultra Palladium K-1 Free ETF | -21.04% |
Correlation
The correlation between UGLD and UPAL is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.73 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UGLD vs. UPAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Gold Bull 2X ETF (UGLD) and ProShares Ultra Palladium K-1 Free ETF (UPAL). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
Loading charts...
Drawdowns
UGLD vs. UPAL - Drawdown Comparison
The maximum UGLD drawdown since its inception was -24.99%, smaller than the maximum UPAL drawdown of -48.54%. Use the drawdown chart below to compare losses from any high point for UGLD and UPAL.
Loading charts...
Drawdown Indicators
| UGLD | UPAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.99% | -48.54% | +23.55% |
Current DrawdownCurrent decline from peak | -22.91% | -40.46% | +17.55% |
Average DrawdownAverage peak-to-trough decline | -17.21% | -30.04% | +12.83% |
Volatility
UGLD vs. UPAL - Volatility Comparison
Loading charts...
Volatility by Period
| UGLD | UPAL | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 50.56% | 80.04% | -29.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.56% | 80.04% | -29.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.56% | 80.04% | -29.48% |
UGLD vs. UPAL - Expense Ratio Comparison
UGLD has a 1.07% expense ratio, which is higher than UPAL's 0.95% expense ratio.
Dividends
UGLD vs. UPAL - Dividend Comparison
UGLD's dividend yield for the trailing twelve months is around 0.24%, less than UPAL's 0.26% yield.
| Position | TTM |
|---|---|
UGLD Direxion Daily Gold Bull 2X ETF | 0.24% |
UPAL ProShares Ultra Palladium K-1 Free ETF | 0.26% |
Frequently Asked Questions
UGLD and UPAL have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UPAL is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UPAL is cheaper with a 0.95% expense ratio, compared with 1.07% for UGLD.
UPAL has the higher dividend yield at 0.26%, compared with 0.24% for UGLD.
They also come from different issuers: Direxion and ProShares. Their fees differ too: 1.07% for UGLD and 0.95% for UPAL.
Find the right allocation for UGLD and UPAL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer