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UGL ETF — ProShares Ultra Gold
ProShares Ultra Gold (UGL)
Updated October 16, 2026.
UGL is an ETF linked to Gold. its expense ratio is 1.19%. Total return is 637.8% over the past 17.9 years, 236.3 points ahead of GLD at 401.5%.
ProShares Ultra Gold is an ETF that seeks to deliver twice the daily performance of the Bloomberg Gold Subindex through derivatives including futures, swaps, and options rather than direct gold ownership. The fund does not distribute income to shareholders and carries an expense ratio of 1.19%. It is designed for traders and investors seeking leveraged exposure to gold price movements on a daily basis rather than for long-term buy-and-hold income strategies.
UGL holdings and sector exposure
Holdings are not available for this snapshot.
Economic / reference exposure: GLD (physical holdings below may be collateral and options, not the reference asset itself).
UGL performance versus GLD
Price and return data through 2026-10-16.
Total return is 637.8% over the past 17.9 years, 236.3 points ahead of GLD at 401.5%. Over the past year its total return — price change plus distributions reinvested — is -19.4%. Its deepest 1-year drawdown was 50.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -5.5% | — |
| 3M | 7.0% | — |
| 6M | -28.5% | — |
| YTD | -17.5% | — |
| 1Y | -19.4% | — |
| 2Y CAGR | — | 36.20% |
| 3Y CAGR | — | 48.00% |
| 5Y CAGR | — | 26.60% |
| 10Y CAGR | — | 16.50% |
| Since inception (17.9 years) | 637.8% | 11.80% |
UGL key facts
- Issuer
- ProShares
- Asset type
- ETF
- Asset class
- Commodity
- Inception date
- 12/01/2008
- Expense ratio
- 1.19%
- Distribution frequency
- None
- Last close
- $45.78 (as of 2026-10-16)
- AUM
- $748,886,546
- Average volume
- 2586834.0
- Beta
- 0.58
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 or company page; Index: Gold; 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.
UGL risks and drawbacks
The deepest 1-year drawdown on record here is 50.0%.
Who may consider UGL — and who may not
It is a weaker fit for investors who need monthly cash flow (UGL does not currently distribute). This is educational context, not a recommendation to buy or sell.
More on UGL
Frequently asked questions
Does UGL pay monthly?
No. UGL does not currently distribute.
What is UGL linked to?
UGL is linked to Gold, not a broad market index.
What is UGL's expense ratio?
UGL's expense ratio is 1.19%.
When does UGL pay a dividend?
UGL does not currently distribute.
How has UGL performed?
Total return is 637.8% over the past 17.9 years, 236.3 points ahead of GLD at 401.5%. Over the past year its total return — price change plus distributions reinvested — is -19.4%. Its deepest 1-year drawdown was 50.0%.
More securities from ProShares.
Tickers
Holdings as-of date unavailable.
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