UGL
ProShares Ultra Gold 2x Shares
7월 28일 9:57 AM ET (한국 7/28 22:57)
$44.99
+0.61 ▲ +1.37%
UGL ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.
Total Expense Ratio
0.95%
Annual operating cost
Net Assets (AUM)
$663M
약 9088억원
Holdings
7 items
Dividend Yield
-
Management Style
Passive
| Category | Commodities & Metals - Leveraged / Inverse | Asset Type | Commodities & Metals | Return% 1Y | 21.96% | Total Holdings | 7 | Perf Week | 3.69% |
| ETF Type | Global Commodities & Metals | Active/Passive | Passive | Return% 3Y | 42.31% | AUM | $663M | Perf Month | 2% |
| Expense | 0.95% | NAV | $44.67 | Return% 5Y | 24.31% | 52W High | -50.23% | Perf Quarter | -27.25% |
| Dividend TTM | - | Div Gr. 3/5Y | - | Return% 10Y | 14.55% | 52W Low | 34.14% | Perf Half Y | -38.75% |
| Flows% 1M | 4.42% | Flows% YTD | -25.23% | Return% SI | 11.79% | Volatility(W/M) | 1.6% 2.46% | Perf YTD | -18.97% |
| SMA20 | 0.51% | SMA50 | -8.55% | SMA200 | -22.56% | RSI (14) | 46.07 | Beta | 0.33 |
| IPO | 2008/12/3 | Prev Close | $44.38 | Perf Year | 28.18% | Avg Volume | 2.13M | Price | $44.99 |
ProShares Ultra Gold 2x Shares (UGL) Investment Analysis
ETF Overview
ProShares Ultra Gold 2x Shares · Commodities & Metals - Leveraged / Inverse
레버리지형 — 지수의 2~3배 방향으로 추종 (단기 투자용 · 고위험)
2008년 상장, 18년 운영 중.
ProShares Ultra Gold는 수수료 차감 전 기준으로 Bloomberg Gold Subindex 일간 성과의 두 배(2x)에 해당하는 일간 투자 성과를 추구합니다. 이 ETF는 정상적인 시장 여건에서 벤치마크를 기반으로 한 금융상품(스왑 계약, 선물계약, 선도계약, 옵션 계약)에 투자하여 목표를 달성하고자 합니다. 투자하는 금융상품 유형과 조합은 스폰서의 재량으로 매일 변동할 수 있습니다. 원자재에 직접 투자하지는 않습니다.
📘 UGL ETF 자세히 알아보기 →commodityfuturesgoldleverage
- 규모
- $663M 약 9088억원
- 운용사
- ProShares
- 운용 방식
- 패시브 (지수 추종)
- 상장일
- 2008년
Cost Efficiency
Annual Expense Ratio · Category Rank · Long-Term Cost Impact
Low-cost ETF — 0.95% annually
상위 25% within Commodities & Metals - Leveraged / Inverse. For a ₩100M investment, roughly ₩950,000/year.
Effective Annual Expense Ratio (Net Expense Ratio)
상위 25%0.95%
My positionTop 25%
Low range Average High range
Actual Cost Simulation by Investment Amount
$100.0M
Annual Expense Ratio
$950K
Same as category average
Category Median Annual Cost
$950K
Based on expense ratio of 0.95%
10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)
$16.8M
17.4% of returns you could have earned goes to the fund manager due to fees
Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.
Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.
Cheaper alternatives in the same category
* A lower fee does not necessarily mean a better ETF. Consider the tracked index, liquidity, and tax treatment as well.
Long-Term Performance
1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense
Top-tier returns in its category
상위 5% vs. 전체 ETF.+4.2%p vs. benchmark (SPY) over 1Y.
ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.
⚡ Leveraged ETF — beware of compounding decay over long holding periods
These ETFs aim to deliver 2–3× the daily return of the underlying index, but during sideways or volatile markets, compounding effects can cause long-term cumulative returns to diverge significantly from 2–3× the index. They are suited for short-term trading and are not appropriate as core holdings for long-term portfolios.
If you had invested 10 year(s) ago
$100.0M
Today's value
$389.0M
→
Total gain
+$289.0M
Annualized +14.6%
1 Year
2025.07 ~ 2026.07
Annualized +21.96%
상위 25%Outperformed the benchmark by 4.2%p annually
My positionTop 25%
Low range Average High range
3 Years
2023.07 ~ 2026.07
Annualized +42.31% Cumulative +188.2%
상위 5%Outperformed the benchmark by 23.3%p annually
My positionTop 5%
Low range Average High range
5 Years
2021.07 ~ 2026.07
Annualized +24.31% Cumulative +196.8%
상위 5%Outperformed the benchmark by 11.4%p annually
My positionTop 5%
Low range Average High range
10Y
2016.07 ~ 2026.07
Annualized +14.55% Cumulative +289.0%
상위 25%Similar to benchmark
My positionTop 25%
Low range Average High range
10Y Cumulative Total Return Curve
2016-07-28 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.
UGL · Price Only UGL · Price + Cumulative Dividends UGL · Dividend Reinvested S&P 500 (SPY)
50
250
450
650
ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.
Annual Return Comparison
ETF returns vs S&P 500 (SPY) by calendar year
UGL S&P 500 (SPY)
+140%
0%
−140%
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026 YTD
💡 Leveraged ETFs have an asymmetric structure: big wins in up markets, big losses in down markets.
ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.
Win rate vs S&P 500 (SPY)
6 / 9Y
Consistently outperforms benchmark (67%)
+ 2026 YTD: Behind (-19.5% vs 8.5%)
2017 ✓
2018 ✗
2019 ✓
2020 ✓
2021 ✗
2022 ✓
2023 ✗
2024 ✓
2025 ✓
2026 ✗ YTD
💡 Leveraged wins in up markets, loses big in down markets — annual return dispersion matters more than win rate.
ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.
Downside Capture
48%
Falls less than the benchmark in drawdowns — strong downside protection
<85% (Defend) 85~110% (Track) >110% (Lag)
💡 Leveraged ETFs are designed to fall 2–3x the benchmark — values above 200% are normal. Short-term risk must be considered.
ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).
Risk Profile
Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History
Overall Risk Grade
High Risk
These 2-3x leveraged products are structurally very volatile. Holding them long-term can erode your principal in ways that don't match expectations, so they're better suited for short-term trading.
⚡ Leveraged ETF — High Beta & Volatility Are by Design
A Beta of 2 or higher and volatility 2–3× the underlying index is by design. The "high volatility" reading below is a feature of the product, not a problem. However, long-term holding can lead to compounding decay and results that differ from expectations.
Beta (market sensitivity)
평균권0.33
If the market rises +10% +3.3%
If the market falls -10% -3.3%
My positionMid-range
Low range Average High range
ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.
Average daily range (last 1 month)
평균권±2.46%
S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more
Annual volatility trend (past 10 years)
ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.
Max Drawdown · Past 10 years
-50.0%
2015-07-31 Worst -48% 2026-07-01
ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.
Sharpe Ratio (Risk-Adjusted Return)
0.43
Weak — Low risk-adjusted returns
ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.
Estimated Monthly Maximum Loss (VaR 95%)
-11.9%
Historically, monthly losses exceeding this figure occurred only5%of the time.
ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.
Overall investment appeal
What this ETF fits best — strengths, weaknesses, and target investor profile
Designed for short-term trading Not recommended for long-term investing, but suitable for short-term trading and hedging.
⚠️ 2–3x leveraged product; not suitable for long-term holding. Use as a short-term trading tool only.
🎯 목적별 적합도
내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.
매우 낮음
부적합
매우 적합
매우 낮음
이런 분에게 어울려요
Short-term traders only
✅ 강점
- 💸Low cost — 0.95% annually
- 📈Top 5% long-term returns in 전체 ETF
- 🎯Outperforms benchmark by +11.4%p annually
⚠️ 약점·주의사항
- 🎢Leveraged — compounding decay can produce results that differ from expectations over long holds
Category Peers
Category: Commodities & Metals - Leveraged / Inverse
같은 카테고리 6종 중 AUM 2/6위 · 보수율 1/6위
카테고리: Commodities & Metals - Leveraged / Inverse
ℹ️ 왜 비교해야 하나요?
같은 카테고리 ETF끼리는 보수율·규모(AUM)·배당률을 비교해 볼 가치가 있어요. 보수율은 낮을수록 장기 수익에 유리하고, AUM이 크면 운용 안정성이 높아요. ▲ 표시는 UGL보다 유리, ▼ 표시는 UGL보다 불리를 뜻해요.
| 티커 | ETF명 | 보수율 | AUM | 보유종목 | 배당률 | YTD | 1년 |
|---|---|---|---|---|---|---|---|
| UGL | ProShares Ultra Gold 2x Shares | 0.95% | $663M | 7 | - | -18.97% | +28.18% |
| ProShares Ultra Silver 2x Shares | 0.95% | $1.2B ▲ | 8 | - | - | +24.14% ▼ | |
| ProShares Ultra Bloomberg Crude Oil 2x Shares | 0.95% | $450M ▼ | 10 | - | - | +69.03% ▲ | |
| ProShares Ultra Bloomberg Natural Gas 2x Shares | 0.95% | $374M ▼ | 4 | - | - | -72.11% ▼ | |
| MicroSectors Gold 3X Leveraged ETNs | 0.95% | $80M ▼ | - | - | - | +14.68% ▼ | |
| USCF Daily Target 2X Copper Index ETF | 1.22% ▼ | $13M ▼ | 9 | 0.61% | - | -4.70% ▼ |
AUM 내림차순 정렬 · ▲ UGL보다 유리 · ▼ UGL보다 불리
Leveraged & Covered Call ETFs on the Same Theme
ETFs that approach the same theme with a different strategy
21 ETFs tracking the same theme as UGL using leveraged or covered call strategies (Leverage 8 · Inverse 6 · Covered Call 7)
Not direct derivatives of UGL, but ETFs that cover the same theme via a different strategy.
ℹ️ Which ETFs are included?
Among ETFs whose theme (category or sector) overlaps with UGL, some use special strategies. Leveraged ETFs aim for 2–3× the daily move, Inverse ETFs seek opposite-direction returns, and Covered Call ETFs generate monthly income from option premiums.
⚠️ Caution: Long-Term Holding
Leveraged and inverse ETFs track only the daily return. With high volatility, holding them for longer periods causes cumulative volatility decay—returns diverge further from the underlying index. They are meant for short-term trading.
Leverage 8 ETFs that amplify the same theme by 2-3x (high volatility)
AGQ
ProShares Ultra Silver 2x Shares
+1.14%
$1.2B
UCO
ProShares Ultra Bloomberg Crude Oil 2x Shares
-9.42%
$450M
BOIL
ProShares Ultra Bloomberg Natural Gas 2x Shares
-8.19%
$374M
DGP
DB Gold Double Long ETN
+0.90%
$225M
SOLT
2x Solana ETF
+5.78%
$112M
GLDW
Roundhill Gold WeeklyPay ETF
+0.55%
$16M
CPXR
USCF Daily Target 2X Copper Index ETF
+2.30%
$13M
WXET
Teucrium 2x Daily Wheat ETF
-6.30%
$7M
Inverse 6 ETFs that bet on declines in the same theme
SCO
ProShares UltraShort Bloomberg Crude Oil -2x Shares
+9.66%
$683M
GLL
ProShares UltraShort Gold -2x Shares
-1.40%
$126M
KOLD
ProShares UltraShort Bloomberg Natural Gas -2x Shares
+8.56%
$109M
ZSL
ProShares UltraShort Silver -2x Shares
-1.10%
$67M
DGZ
DB Gold Short ETN
+6.62%
$2M
DZZ
DB Gold Double Short ETN
+0.92%
$1M
Covered Call & Options 7 ETFs that add a monthly dividend via covered calls on the same theme
IAUI
NEOS Gold High Income ETF
+1.13%
$492M
SLVO
UBS AG ETRACS Silver Shares Covered Call ETNs
+0.69%
$392M
USOI
UBS AG ETRACS Crude Oil Shares Covered Call ETNs
-0.90%
$254M
GLDI
UBS AG ETRACS Gold Shares Covered Call ETNs
+0.01%
$167M
KSLV
Kurv Silver Enhanced Income ETF
+0.79%
$88M
KCOP
Kurv Copper & Mining Enhanced Income ETF
+0.54%
$32M
USG
USCF Gold Strategy Plus Income Fund
+0.75%
$9M
FAQ
What kind of ETF is UGL?
UGL is an ETF in the Commodities & Metals - Leveraged / Inverse category, managed by ProShares.
How many holdings does UGL have?
UGL holds a total of 7 securities, with an AUM of approximately $663M.
What is the 52-week high and low for UGL?
UGL has recorded a 52-week high of $90.40 and a low of $33.54.
면책조항: 본 콘텐츠는 참고 자료이며 투자 권유가 아닙니다. 모든 투자의 책임은 투자자 본인에게 있습니다.