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ETFs

ProShares Ultra Gold

UGL
$--
Today’s Change
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Snapshot
*

Inception Date
Dec 01 2008
Expense Ratio
0.95%
Type
Global Commodities & Metals
Fund Owner
ProShares
Volume (1m avg. daily)
$4,735,781
AUM
$160,494,722
Associated Index
Bloomberg Gold Sub-Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
100.00%
n/a
Derivatives offset
-200.00%
Invest with UGL

What is UGL?

ProShares Ultra Gold seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold Subindex.

ETFs related toUGL

ETFs correlated to UGL include GLD, GLDM, IAU

UGL
ProShares Trust - ProShares Ultra Gold 2x Shares
GLD
SSgA Active Trust - SPDR Gold Shares ETF
GLDM
World Gold Trust - SPDR Gold MiniShares Trust
IAU
BlackRock Institutional Trust Company N.A. - iShares Gold Trust
IAUM
BlackRock Institutional Trust Company N.A. - iShares Gold Trust Micro
SGOL
abrdn ETF - abrdn Physical Gold Shares ETF
BAR
GraniteShares Gold Trust - GraniteShares Gold Shares
OUNZ
Merk Investments LLC - VanEck Merk Gold Trust
AAAU
Goldman Sachs Physical Gold ETF Trust - Goldman Sachs Physical Gold ETF
GLTR
abrdn ETF - abrdn Physical Precious Metals Basket Shares ETF
GDX
VanEck ETF Trust - VanEck Gold Miners ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUGL

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#SPIRAL

Stoic Finance Presents: Inflation Spiral Hedge

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with UGL using Composer

FAQ

UGL is a Global Commodities & Metals ETF. ProShares Ultra Gold seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold Subindex.

UGL tracks the Bloomberg Gold Sub-Index.

No, UGL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UGL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UGL is -0.0082%. This is the percent change in the value of UGL over the most recent 1-month period. The 3-month return on UGL is -0.0313%. This is the percent change in the value of UGL over the most recent 3-month period.

The standard deviation of UGL for the past year is 0.2878%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UGL include DGP, SCO, and DZZ.

ETFs correlated to UGL include GLD, GLDM, and IAU.

ETFs that are inversely correlated to UGL include GLL, GDXD, and DUST.

Yes, UGL is a Leveraged (2x) ETF: This means that UGL will try to match the performance of Bloomberg Gold Sub-Index, but with 2x the returns.

Yes, UGL is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of Bloomberg Gold Sub-Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.