Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
ProShares UltraShort Gold(GLL)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for GLL
11/06/2026: GLL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
ProShares UltraShort Gold (GLL) is a leveraged ETF designed to provide daily inverse performance (-2x) of the Bloomberg Gold Subindex. It is a tactical tool primarily used by active traders to hedge or speculate against short-term declines in gold prices. Its main strengths include liquidity and ease of access to bearish commodity exposure, but it carries significant risk, including volatility and the potential for substantial value erosion due to compounding decay over time. Investors should monitor market trends, particularly interest rates and currency fluctuations, and avoid long-term holding.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | This fund is a tactical hedging tool, not a growth-oriented asset. |
| Momentum investor | Strong fit while signal remains positive | Momentum traders may use GLL when the short-term trend for gold is strongly negative. |
| Value investor | Weak fit | Value investors generally avoid leveraged inverse products due to compounding decay. |
| Dividend/Income investor | Weak fit | The fund does not provide income and is not suitable for dividend-focused portfolios. |
| Low-risk investor | Weak fit | The high volatility and leveraged nature of this ETF are unsuitable for risk-averse investors. |
Investor Profile
Ideal Investor Profile
Sophisticated, active traders with a high risk tolerance who are looking for short-term bearish exposure to gold.
Suitability
Strictly for active traders; not suitable for long-term investors or those following a passive index strategy.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Daily leverage amplifies market swings, leading to extreme price fluctuations. |
| Market risk | High | The fund is directly exposed to gold market direction, which can be unpredictable. |
| Concentration | High | The fund is concentrated entirely on gold-related derivative exposure. |
| Tracking/expense | Medium | Compounding of daily returns can lead to significant tracking error over periods longer than one day. |
| Liquidity | Medium | Liquidity can tighten during periods of extreme market stress. |
| Business/sector quality | Medium | The reliance on swap counterparties introduces counterparty credit risk. |
Risk Analysis
Volatility
GLL is extremely volatile due to its -2x leverage, making it unsuitable for conservative portfolios.
Market Risk
The primary risk is the unpredictable movement of the gold market, where any unexpected rise in gold prices will result in amplified losses.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Commodity | Bloomberg Gold Subindex (seeks -2x daily return) | 95 | The fund uses derivatives to provide -2x daily inverse exposure to gold prices. |
| Cash/collateral | Cash and Cash Equivalents | 5 | Cash holdings are maintained to serve as collateral for the fund's swap and futures positions. |
Analysis of Past Performance
Type ETF | Historic Profit -32.86% | Avg. Invested days 26 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/06/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.