4 min readBy Beqa Bumbeishvili ETF Insider
UGL VS GDXJ
Compare the UGL and GDXJ ETFs with our thorough analysis. Dive into the performance metrics, underlying assets, and investment strategies.
The issuer of the ProShares Ultra Gold ETF (UGL) is ProShares, a leading provider of exchange-traded funds with a focus on delivering innovative investment solutions to meet the evolving needs of investors. ProShares was founded in 2006 and has since gained recognition for its diverse range of ETFs designed to provide leveraged and inverse exposure to various asset classes, including commodities like gold. The UGL ETF, launched in November 2008, aims to provide double the daily performance of the daily price movements of gold bullion, making it a popular choice for investors looking to amplify their exposure to the precious metal.
While the UGL Limited (UGL) ETF primarily focuses on tracking the performance of companies in the industrials sector, its dividend distribution mirrors the dividend policies and performance of its constituent stocks. Dividends from UGL ETF are typically distributed on a semi-annual basis, reflecting the dividend payments made by the underlying companies. Investors seeking exposure to industrial stocks may consider UGL ETF, which offers both capital appreciation potential and periodic dividend income based on the dividend eligibility and performance of its holdings.
Tracking the daily performance of two times (2x) the daily performance of the Bloomberg Commodity Index, the ProShares Ultra Gold ETF (UGL) is designed to provide leveraged exposure to the commodities market. This ETF aims to deliver double the returns (or losses) of the underlying index, making it an attractive choice for investors seeking amplified exposure to the commodities sector. UGL's tracking strategy involves the use of futures contracts and derivatives to achieve its leveraged performance objectives.
The correlation aspect of the ProShares Ultra Gold ETF (UGL) is significant for investors seeking exposure to gold prices with amplified returns. UGL aims to deliver double the daily performance of gold bullion, which means its correlation with the price of gold is typically very strong. This high correlation makes UGL a popular choice among traders looking to leverage their gold investments for short-term gains or portfolio diversification. For those interested in exploring UGL's correlations further and gaining deeper insights into its performance, ETF Insider offers a web app with robust visualization tools to analyze correlations and identify potential opportunities in the precious metals market. With ETF Insider's resources, investors can also explore the overlap between UGL and other asset classes, helping them make more informed investment decisions.
The ProShares Ultra Gold ETF (UGL) is primarily focused on the precious metals sector, specifically gold. This ETF seeks to provide double the daily performance of gold bullion, making it an attractive option for investors looking to leverage gold price movements. The concentration in the gold sector allows investors to gain exposure to the potential for price appreciation in this precious metal, which is often considered a safe-haven asset during times of economic uncertainty. However, it's important to note that UGL's performance is magnified, which can result in increased volatility and risk compared to traditional gold investments.
The exposure profile of the ProShares Ultra Gold ETF (UGL) is focused on providing investors with leveraged exposure to the price movement of gold. UGL seeks to achieve daily investment results that are two times (2x) the daily performance of gold bullion as measured by the daily afternoon fixing price for an ounce of gold in London. This means that UGL aims to magnify both the gains and losses of the underlying gold market.
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