YGLD vs. GLL

Last updated Jun 24, 2026

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 11.74% vs -39.64% 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify Gold Strategy PLUS Income ETF (YGLD) and ProShares UltraShort Gold (GLL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, YGLD achieves a -16.76% return, which is significantly lower than GLL's -1.30% return.

YGLD

• 1D: -2.32%
• 1M: -12.41%
• YTD: -16.76%
• 6M: -23.00%
• 1Y: 11.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GLL

• 1D: 3.82%
• 1M: 18.89%
• YTD: -1.30%
• 6M: 7.14%
• 1Y: -39.64%
• 3Y*: -39.33%
• 5Y*: -28.52%
• 10Y*: -21.26%

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

YGLD vs. GLL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YGLD Simplify Gold Strategy PLUS Income ETF	-16.76%	96.82%	-4.26%
GLL ProShares UltraShort Gold	-1.30%	-62.81%	1.21%

Correlation

The correlation between YGLD and GLL is -0.94, 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	-0.94
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	-0.93

The correlation between YGLD and GLL has been stable across timeframes, ranging from -0.94 to -0.93 - a consistent structural relationship.

Return for Risk

YGLD vs. GLL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

YGLD

YGLD Risk / Return Rank: 13
YGLD Sharpe Ratio Rank: 13
YGLD Sortino Ratio Rank: 13
YGLD Omega Ratio Rank: 15
YGLD Calmar Ratio Rank: 12
YGLD Martin Ratio Rank: 12

GLL

GLL Risk / Return Rank: 4
GLL Sharpe Ratio Rank: 3
GLL Sortino Ratio Rank: 3
GLL Omega Ratio Rank: 3
GLL Calmar Ratio Rank: 4
GLL Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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.

	YGLD	GLL	Difference
Sharpe ratio: Return per unit of total volatility	0.28	-0.73	+1.01
Sortino ratio: Return per unit of downside risk	0.63	-1.01	+1.64
Omega ratio: Gain probability vs. loss probability	1.09	0.89	+0.20
Calmar ratio: Return relative to maximum drawdown	0.29	-0.61	+0.90
Martin ratio: Return relative to average drawdown	0.69	-0.92	+1.61

YGLD vs. GLL - Sharpe Ratio Comparison

The current YGLD Sharpe Ratio is 0.28, which is higher than the GLL Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of YGLD and GLL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

YGLD vs. GLL - Drawdown Comparison

The maximum YGLD drawdown since its inception was -40.91%, 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.

Drawdown Indicators

	YGLD	GLL	Difference
Max Drawdown Largest peak-to-trough decline	-40.91%	-99.24%	+58.33%
Max Drawdown (1Y) Largest decline over 1 year	-40.91%	-65.10%	+24.19%
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 Drawdown Current decline from peak	-39.93%	-98.77%	+58.84%
Average Drawdown Average peak-to-trough decline	-8.87%	-85.15%	+76.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.08%	43.09%	-26.01%

Volatility

YGLD vs. GLL - Volatility Comparison

The current volatility for Simplify Gold Strategy PLUS Income ETF (YGLD) is 11.81%, while ProShares UltraShort Gold (GLL) has a volatility of 16.15%. 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.

Volatility by Period

	YGLD	GLL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.81%	16.15%	-4.34%
Volatility (6M) Calculated over the trailing 6-month period	36.35%	46.91%	-10.56%
Volatility (1Y) Calculated over the trailing 1-year period	41.62%	54.37%	-12.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.45%	36.40%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.45%	32.31%	+7.14%

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 21.43%, 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	21.43%	12.05%

Frequently Asked Questions

Can I hold both YGLD and GLL in my portfolio?

YGLD and GLL have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YGLD or GLL?

GLL has higher volatility (16.15%) compared to YGLD (11.81%). In terms of maximum drawdown, YGLD dropped -40.91% vs GLL's -99.24%.

Which ETF is better, YGLD or GLL?

On 1-year performance, YGLD leads with 11.74% vs -39.64% for GLL. On fees, YGLD is cheaper at 0.50% per year. On volatility, YGLD has been the lower-risk option at 11.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, YGLD or GLL?

Over the 1-year period, YGLD has performed better with a 11.74% return vs -39.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YGLD or GLL?

YGLD is cheaper with a 0.50% expense ratio, compared with 0.95% for GLL.

Which ETF pays a higher dividend yield, YGLD or GLL?

YGLD has the higher dividend yield at 21.43%, compared with 0.00% for GLL.

What is the main difference between YGLD and 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.

Which has better risk-adjusted returns?

YGLD currently has the higher Sharpe Ratio (0.28 vs -0.73), 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.