Correlation
The correlation between ULE and UGL is 0.22, 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.
ULE vs. UGL
Compare and contrast key facts about ProShares Ultra Euro (ULE) and ProShares Ultra Gold (UGL).
ULE and UGL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULE is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. UGL is a passively managed fund by ProShares that tracks the performance of the Gold bullion (200%). It was launched on Dec 1, 2008. Both ULE and UGL 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: ULE or UGL.
Performance
ULE vs. UGL - Performance Comparison
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Key characteristics
ULE:
0.54
UGL:
2.35
ULE:
0.87
UGL:
2.45
ULE:
1.10
UGL:
1.31
ULE:
0.13
UGL:
1.84
ULE:
1.09
UGL:
11.21
ULE:
8.02%
UGL:
6.30%
ULE:
18.15%
UGL:
36.60%
ULE:
-72.74%
UGL:
-75.93%
ULE:
-62.86%
UGL:
-4.76%
Returns By Period
In the year-to-date period, ULE achieves a 19.84% return, which is significantly lower than UGL's 54.63% return. Over the past 10 years, ULE has underperformed UGL with an annualized return of -2.31%, while UGL has yielded a comparatively higher 14.22% annualized return.
ULE
19.84%
0.40%
18.34%
9.06%
2.28%
-0.47%
-2.31%
UGL
54.63%
2.38%
44.54%
84.40%
33.50%
18.51%
14.22%
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ULE vs. UGL - Expense Ratio Comparison
Both ULE and UGL have an expense ratio of 0.95%.
Risk-Adjusted Performance
ULE vs. UGL — Risk-Adjusted Performance Rank
ULE
UGL
ULE vs. UGL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Euro (ULE) and ProShares Ultra Gold (UGL). 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.
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Dividends
ULE vs. UGL - Dividend Comparison
Neither ULE nor UGL has paid dividends to shareholders.
Drawdowns
ULE vs. UGL - Drawdown Comparison
The maximum ULE drawdown since its inception was -72.74%, roughly equal to the maximum UGL drawdown of -75.93%. Use the drawdown chart below to compare losses from any high point for ULE and UGL.
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Volatility
ULE vs. UGL - Volatility Comparison
The current volatility for ProShares Ultra Euro (ULE) is 5.96%, while ProShares Ultra Gold (UGL) has a volatility of 16.09%. This indicates that ULE experiences smaller price fluctuations and is considered to be less risky than UGL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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