UPLT vs. GLDW

Last updated Jun 30, 2026

UPLT (ProShares Ultra Platinum K-1 Free ETF) and GLDW (Roundhill Gold WeeklyPay ETF) are both exchange-traded funds - UPLT is a Leveraged Commodities fund actively managed by ProShares, while GLDW is a Derivative Income fund actively managed by State Street. Both are actively managed. Their correlation of 0.84 suggests significant overlap in exposure. UPLT charges 0.95%/yr vs 0.99%/yr for GLDW.

Performance

UPLT vs. GLDW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Platinum K-1 Free ETF (UPLT) and Roundhill Gold WeeklyPay ETF (GLDW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UPLT

• 1D: -5.97%
• 1M: -34.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLDW

• 1D: -1.70%
• 1M: -13.96%
• YTD: -10.88%
• 6M: -11.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UPLT vs. GLDW - Yearly Performance Comparison

	2026 (YTD)
UPLT ProShares Ultra Platinum K-1 Free ETF	-46.55%
GLDW Roundhill Gold WeeklyPay ETF	-20.27%

Correlation

The correlation between UPLT and GLDW is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026	0.84

Return for Risk

UPLT vs. GLDW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Platinum K-1 Free ETF (UPLT) and Roundhill Gold WeeklyPay ETF (GLDW). 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.

Drawdowns

UPLT vs. GLDW - Drawdown Comparison

The maximum UPLT drawdown since its inception was -48.98%, which is greater than GLDW's maximum drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for UPLT and GLDW.

Drawdown Indicators

	UPLT	GLDW	Difference
Max Drawdown Largest peak-to-trough decline	-48.98%	-32.25%	-16.73%
Current Drawdown Current decline from peak	-48.53%	-31.62%	-16.91%
Average Drawdown Average peak-to-trough decline	-22.26%	-10.82%	-11.44%

Volatility

Volatility by Period

	UPLT	GLDW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	82.73%	37.17%	+45.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.73%	37.17%	+45.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	82.73%	37.17%	+45.56%

UPLT vs. GLDW - Expense Ratio Comparison

UPLT has a 0.95% expense ratio, which is lower than GLDW's 0.99% expense ratio.

Dividends

UPLT vs. GLDW - Dividend Comparison

UPLT's dividend yield for the trailing twelve months is around 0.29%, less than GLDW's 24.53% yield.

Position	TTM	2025
GLDW Roundhill Gold WeeklyPay ETF	24.53%	3.75%
UPLT ProShares Ultra Platinum K-1 Free ETF	0.29%	0.00%

Frequently Asked Questions

Can I hold both UPLT and GLDW in my portfolio?

UPLT and GLDW have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPLT or GLDW?

On fees, UPLT is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPLT or GLDW?

UPLT is cheaper with a 0.95% expense ratio, compared with 0.99% for GLDW.

Which ETF pays a higher dividend yield, UPLT or GLDW?

GLDW has the higher dividend yield at 24.53%, compared with 0.29% for UPLT.

What is the main difference between UPLT and GLDW?

UPLT is categorized as Leveraged Commodities, while GLDW is Derivative Income. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.95% for UPLT and 0.99% for GLDW.