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ETFs

ProShares UltraShort Gold

GLL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 1, 2008
Expense Ratio
0.95%
Type
Global Commodities & Metals
Fund Owner
ProShares
Volume (1m avg. daily)
$1,098,544
AUM
$11,745,802
Associated Index
Bloomberg Gold Sub-Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
Derivatives offset
199.40%
n/a
Net Other Assets (Liabilities)
100.00%
Invest with GLL

What is GLL?

ProShares UltraShort Gold 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.

ETFs related toGLL

ETFs correlated to GLL include GDXD, DUST, JDST

GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares
GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
DUST
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bear -2X Shares
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
TBX
ProShares Trust - ProShares Short 7-10 Year Treasury -1x Shares
PST
Invesco Capital Management LLC - PowerShares UltraShort Lehman 7-10 + Year Treasury ProShares -2X Sh
EUO
ProShares Trust - ProShares UltraShort Euro -2X Shares
DBMF
Manager Directed Portfolios - iMGP DBi Managed Futures Strategy 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 toGLL

#DGD

Diversify with Gold & the Dollar

Category

Building Blocks, Getting Defensive, Diversification

Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with GLL using Composer

FAQ

GLL is a Global Commodities & Metals ETF. ProShares UltraShort Gold 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.

GLL tracks the Bloomberg Gold Sub-Index.

No, GLL 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, GLL 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 GLL is 0.0106%. This is the percent change in the value of GLL over the most recent 1-month period. The 3-month return on GLL is 0.039%. This is the percent change in the value of GLL over the most recent 3-month period.

The standard deviation of GLL for the past year is 0.287%. 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 GLL include DGP, SCO, and DZZ.

ETFs correlated to GLL include GDXD, DUST, and JDST.

ETFs that are inversely correlated to GLL include GLD, UGL, and GLDM.

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

Yes, GLL is a Inverse (-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

*

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.