GLLProShares UltraShort Gold
The ProShares UltraShort Gold Fund seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Gold Subindex.
ProShares · Since 2008 (17 years)
1.26%
#5041 out of 5,332 ETFs
$119M
#2563 out of 5,332 ETFs
0.00%
17 years
#660 out of 5,332 ETFs
Performance
1 Year
-54.0%
3 Years
-41.9%
5 Years
-31.6%
What's inside
Top holdings
Risk profile
53.5%
High
-95.8%
Worst peak-to-trough loss
-1.28
Below average
-1.80
Moderate downside risk
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05