BTGD vs UYG

BTGDDSTKd 100% Bitcoin & 100% Gold ETF

UYGAProShares Ultra Financials

In short

BTGD One ticker, two hard-money bets: every dollar in targets about a dollar of bitcoin exposure and a dollar of gold exposure, stacked on top of each other with futures inside a 1940 Act fund.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

Stated mandate

BTGD The Fund seeks long-term capital appreciation through an actively managed strategy combining bitcoin and gold exposures, obtained through U.S.-listed futures contracts and pooled investment vehicles.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

Why people hold it

• BTGD Stacked design: $1 invested aims for roughly $1 of bitcoin exposure plus $1 of gold exposure, so you are not splitting one wallet between the two.sec.gov
• Runs the plumbing for you: futures and low-cost ETPs held through a Cayman subsidiary, bought and sold in a brokerage account. No exchange logins, no vault.sec.govsec.gov 2
• The original of its kind. Launched October 2024 as the first ETF to stack bitcoin and gold exposure in one wrapper, and it is actively managed.businesswire.com

• UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
• At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
• The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
• Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

Worth knowing

• BTGD Costs 1.09% a year, above the leveraged-bull norm. ProShares' QLD runs 0.89%, net of a waiver through September 30, 2027.
• Leverage runs both directions: about 200% notional means a bad stretch in both sleeves compounds downward, and futures financing is a steady drag.sec.govsec.gov 2
• It owns futures and fund shares, not bullion or coins, and it is a small, thinly traded fund. Limit orders are your friend here.sec.gov

• UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
• One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
• It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full BTGD profile⁠

Full UYG profile⁠