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GLL ETF — ProShares UltraShort Gold
ProShares UltraShort Gold (GLL)
Updated October 16, 2026.
GLL is an ETF. its expense ratio is 1.26%. Total return is -98.8% over the past 17.9 years, 1209.9 points behind SPY at 1111.1%.
ProShares UltraShort Gold is an ETF that seeks to deliver the inverse of twice the daily performance of gold prices using financial instruments including swaps, futures, and forward contracts. The fund does not distribute income to shareholders and carries an expense ratio of 1.26%. It appeals to traders and investors seeking bearish exposure to gold or using the fund as a short-term hedging tool, though its leveraged structure and daily reset mechanism make it suitable primarily for experienced investors with short holding periods rather than long-term holders.
GLL holdings and sector exposure
Holdings are not available for this snapshot.
GLL performance versus SPY
Price and return data through 2026-10-16.
Total return is -98.8% over the past 17.9 years, 1209.9 points behind SPY at 1111.1%. Over the past year its total return — price change plus distributions reinvested — is -6.6%. Its deepest 1-year drawdown was 48.9%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 5.3% | — |
| 3M | -9.5% | — |
| 6M | 29.3% | — |
| YTD | -5.0% | — |
| 1Y | -6.6% | — |
| 2Y CAGR | — | -39.30% |
| 3Y CAGR | — | -40.80% |
| 5Y CAGR | — | -28.90% |
| 10Y CAGR | — | -22.30% |
| Since inception (17.9 years) | -98.8% | -21.90% |
GLL key facts
- Issuer
- ProShares
- Asset type
- ETF
- Asset class
- Commodity
- Inception date
- 12/01/2008
- Expense ratio
- 1.26%
- Distribution frequency
- None
- Last close
- $24.85 (as of 2026-10-16)
- AUM
- $100,850,267
- Average volume
- 2434633.0
- Beta
- -0.63
How Dividend Vision calculates yield and returns
Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: ProShares; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
GLL risks and drawbacks
Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 48.9%.
Who may consider GLL — and who may not
It is a weaker fit for investors who need monthly cash flow (GLL does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.
More on GLL
Frequently asked questions
Does GLL pay monthly?
No. GLL does not currently distribute.
What is GLL's expense ratio?
GLL's expense ratio is 1.26%.
When does GLL pay a dividend?
GLL does not currently distribute.
How has GLL performed?
Total return is -98.8% over the past 17.9 years, 1209.9 points behind SPY at 1111.1%. Over the past year its total return — price change plus distributions reinvested — is -6.6%. Its deepest 1-year drawdown was 48.9%.
More securities from ProShares.
Tickers
Holdings as-of date unavailable.
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