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ProShares UltraShort Gold (GLL)
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Upturn Advisory Summary
12/04/2025: GLL (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit -30.42% | Avg. Invested days 32 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/04/2025 |
Key Highlights
Volume (30-day avg) - | Beta -0.65 | 52 Weeks Range 20.44 - 43.52 | Updated Date 06/29/2025 |
52 Weeks Range 20.44 - 43.52 | Updated Date 06/29/2025 |
Upturn AI SWOT
ProShares UltraShort Gold
ETF Overview
Overview
ProShares UltraShort Gold (GLL) seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Gold SubindexSM. It offers investors a way to profit from a decrease in the price of gold.
Reputation and Reliability
ProShares is a well-known issuer of leveraged and inverse ETFs with a solid track record.
Management Expertise
ProShares has a dedicated team experienced in managing complex ETF products.
Investment Objective
Goal
To provide daily investment results (before fees and expenses) corresponding to two times the inverse (-2x) of the daily performance of the Bloomberg Gold SubindexSM.
Investment Approach and Strategy
Strategy: The ETF uses financial instruments such as swap agreements to achieve its leveraged inverse exposure to the gold subindex.
Composition The ETF primarily holds derivative instruments like swaps to achieve its leveraged short position on gold.
Market Position
Market Share: GLL holds a moderate market share within the inverse gold ETF sector.
Total Net Assets (AUM): 64310000
Competitors
Key Competitors
- DZZ
Competitive Landscape
The inverse gold ETF market is relatively concentrated. GLL offers higher leverage, potentially leading to larger gains or losses. Competitors may offer different leverage ratios or expense ratios.
Financial Performance
Historical Performance: Due to its leveraged and inverse nature, historical performance is highly volatile and dependent on short-term gold price movements. It's designed for daily investment results and not long-term holding.
Benchmark Comparison: The ETF aims to provide -2x the daily performance of the Bloomberg Gold SubindexSM. Tracking error may occur.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
GLL's average trading volume is relatively high, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread can fluctuate depending on market conditions but is generally reasonable for an ETF of this type.
Market Dynamics
Market Environment Factors
Gold prices are affected by macroeconomic factors like inflation, interest rates, currency movements, and geopolitical events. These influence GLL's performance inversely and with leverage.
Growth Trajectory
GLL's growth trajectory is tied to investor demand for inverse gold exposure, which fluctuates based on market sentiment.
Moat and Competitive Advantages
Competitive Edge
GLL's competitive advantage lies in its provision of a readily available, leveraged inverse exposure to gold through a well-established ETF structure. It's accessible to a broad range of investors and offers liquidity compared to some other alternative investment strategies. Its leverage provides amplified exposure, though it is for a single day. ProShares' reputation for inverse ETFs contributes to investor confidence in its product offering.
Risk Analysis
Volatility
GLL is highly volatile due to its leveraged and inverse nature.
Market Risk
The primary risk is the inverse correlation to gold prices. Rising gold prices will negatively impact the ETF's value, potentially significantly due to the leverage effect. Compounding effects can erode investment over periods longer than one day.
Investor Profile
Ideal Investor Profile
GLL is suitable for sophisticated investors with a high-risk tolerance who seek short-term, leveraged inverse exposure to gold prices. It's not suitable for buy-and-hold investors.
Market Risk
GLL is best suited for active traders with a short-term outlook.
Summary
ProShares UltraShort Gold (GLL) offers leveraged inverse exposure to gold prices. Its suitable for sophisticated investors seeking short-term tactical positions based on anticipated declines in gold prices. High volatility and compounding effects make it unsuitable for long-term investment. It carries significant risk due to its inverse and leveraged nature.
Similar ETFs
Sources and Disclaimers
Data Sources:
- ProShares Website
- Bloomberg
- ETF Database
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing in leveraged and inverse ETFs involves significant risks.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ProShares UltraShort Gold
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts) based on the fund"s benchmark.
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