YGLD vs. GLL
YGLD (Simplify Gold Strategy PLUS Income ETF) and GLL (ProShares UltraShort Gold) are both exchange-traded funds - YGLD is a Gold fund actively managed by Simplify, while GLL is a Leveraged Commodities fund tracking the Bloomberg Gold (-200%). YGLD is actively managed, while GLL is passively managed. Over the past year, YGLD returned 23.02% vs -48.24% for GLL. At a correlation of -0.93, they often move in opposite directions. YGLD charges 0.50%/yr vs 0.95%/yr for GLL.
Performance
YGLD vs. GLL - Performance Comparison
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Returns By Period
In the year-to-date period, YGLD achieves a -7.24% return, which is significantly higher than GLL's -14.49% return.
YGLD
- 1D
- -1.34%
- 1M
- -2.29%
- YTD
- -7.24%
- 6M
- -7.14%
- 1Y
- 23.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GLL
- 1D
- 2.05%
- 1M
- 3.37%
- YTD
- -14.49%
- 6M
- -18.72%
- 1Y
- -48.24%
- 3Y*
- -41.46%
- 5Y*
- -28.82%
- 10Y*
- -23.37%
YGLD vs. GLL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YGLD Simplify Gold Strategy PLUS Income ETF | -7.24% | 96.82% | -4.17% |
GLL ProShares UltraShort Gold | -14.49% | -62.81% | 1.56% |
Correlation
The correlation between YGLD and GLL is -0.93, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | -0.93 |
The correlation between YGLD and GLL has been stable across timeframes, ranging from -0.93 to -0.93 - a consistent structural relationship.
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Return for Risk
YGLD vs. GLL — Risk / Return Rank
YGLD
GLL
YGLD vs. GLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Gold Strategy PLUS Income ETF (YGLD) and ProShares UltraShort Gold (GLL). 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.
| YGLD | GLL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.46 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.83 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | -0.74 | +1.42 |
| Martin ratioReturn relative to average drawdown | 1.55 | -1.16 | +2.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| YGLD | GLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | -0.92 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.81 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | -0.67 | +1.85 |
Drawdowns
YGLD vs. GLL - Drawdown Comparison
The maximum YGLD drawdown since its inception was -34.23%, smaller than the maximum GLL drawdown of -99.24%. Use the drawdown chart below to compare losses from any high point for YGLD and GLL.
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Drawdown Indicators
| YGLD | GLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.23% | -99.24% | +65.01% |
Max Drawdown (1Y)Largest decline over 1 year | -34.23% | -65.10% | +30.87% |
Max Drawdown (3Y)Largest decline over 3 years | — | -87.95% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.76% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.76% | — |
Current DrawdownCurrent decline from peak | -33.06% | -98.94% | +65.88% |
Average DrawdownAverage peak-to-trough decline | -7.91% | -85.13% | +77.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.86% | 41.74% | -26.88% |
Volatility
YGLD vs. GLL - Volatility Comparison
The current volatility for Simplify Gold Strategy PLUS Income ETF (YGLD) is 8.70%, while ProShares UltraShort Gold (GLL) has a volatility of 11.07%. This indicates that YGLD experiences smaller price fluctuations and is considered to be less risky than GLL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YGLD | GLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 11.07% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 34.68% | 44.43% | -9.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.43% | 52.38% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.10% | 35.90% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.10% | 32.12% | +6.98% |
YGLD vs. GLL - Expense Ratio Comparison
YGLD has a 0.50% expense ratio, which is lower than GLL's 0.95% expense ratio.
Dividends
YGLD vs. GLL - Dividend Comparison
YGLD's dividend yield for the trailing twelve months is around 19.23%, while GLL has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
GLL ProShares UltraShort Gold | 0.00% | 0.00% |
YGLD Simplify Gold Strategy PLUS Income ETF | 19.23% | 12.05% |
Frequently Asked Questions
YGLD and GLL have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLL has higher volatility (11.07%) compared to YGLD (8.70%). In terms of maximum drawdown, YGLD dropped -34.23% vs GLL's -99.24%.
On 1-year performance, YGLD leads with 23.02% vs -48.24% for GLL. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 8.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YGLD has performed better with a 23.02% return vs -48.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YGLD is cheaper with a 0.50% expense ratio, compared with 0.95% for GLL.
YGLD has the higher dividend yield at 19.23%, compared with 0.00% for GLL.
YGLD is categorized as Gold, while GLL is Leveraged Commodities. They also come from different issuers: Simplify and ProShares. Their fees differ too: 0.50% for YGLD and 0.95% for GLL.
YGLD currently has the higher Sharpe Ratio (0.57 vs -0.92), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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