November 5, 2024
UGL Drift And Leveraged ETF Watchlist #NewsETFs

UGL Drift And Leveraged ETF Watchlist #NewsETFs

CashNews.co

Gold ingot

mathieukor/E+ via Getty Images

The ProShares Ultra Gold ETF (NYSEARCA:UGL) magnifies gold price return for trading purposes. However, leveraged funds may be subject to decay. This article explains drift, reports it for 22 leveraged ETFs, and focuses on UGL.

Why

Index

Ñ

Ticker

1-month Return

1-month Drift

1-year Return

1-year Drift

S&P 500

1

SPY

3.81%

0.00%

26.73%

0.00%

2

SSO

6.79%

-0.42%

47.59%

-2.94%

-2

SDS

-6.82%

0.40%

-31.10%

11.18%

3

UPR

9.59%

-0.61%

70.40%

-3.26%

-3

SPX

-10.51%

0.31%

-45.30%

11.63%

ICE US20+ Tbond

1

TLT

1.24%

0.00%

4.28%

0.00%

3

TMF

2.00%

-0.57%

-8.61%

-7.15%

-3

TMV

-3.19%

0.18%

-8.48%

1.45%

NASDAQ 100

1

QQQ

3.61%

0.00%

27.25%

0.00%

3

TQQQ

8.29%

-0.85%

65.64%

-5.37%

-3

SQQQ

-11.06%

-0.08%

-50.55%

10.40%

DJ 30

1

THERE

3.30%

0.00%

21.23%

0.00%

3

UDOW

8.27%

-0.54%

51.11%

-4.19%

-3

SDOW

-8.76%

0.38%

-36.13%

9.19%

Russell 2000

1

IWM

1.62%

0.00%

18.08%

0.00%

3

TNA

1.75%

-1.04%

26.74%

-9.17%

-3

TZA

-6.24%

-0.46%

-43.50%

3.58%

MSCI Emerging

1

EEM

2.77%

0.00%

12.19%

0.00%

3

EDC

6.38%

-0.64%

16.45%

-6.71%

-3

EDZ

-7.44%

0.29%

-23.06%

4.50%

Gold spot

1

GLD

2.44%

0.00%

28.27%

0.00%

2

UGL

4.05%

-0.42%

48.63%

-3.96%

-2

GLL

-3.90%

0.49%

-34.14%

11.20%

Silver spot

1

SLV

1.23%

0.00%

16.75%

0.00%

2

AGQ

0.92%

-0.77%

14.59%

-9.46%

-2

ZSL

-3.18%

-0.36%

-35.30%

-0.90%

S&P Biotech Select

1

XBI

2.62%

0.00%

27.26%

0.00%

3

GOOD

5.50%

-0.79%

41.50%

-13.43%

-3

LABD

-9.12%

-0.42%

-64.73%

5.68%

PHLX Semicond.

1

SOXX

5.82%

0.00%

37.80%

0.00%

3

SOXL

10.83%

-2.21%

67.02%

-15.46%

-3

SOXS

-22.45%

-1.66%

-75.36%

12.68%