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UGL vs WX

ProShares Ultra Gold

UGLCNYSE Arca

Corgi All World 2x Daily ETF

WXCCboe

Overlap

Expense ratio

WX −0.75pt a year

UGL0.95%WX0.20%

Avg volume · 30D

UGL 8993.3×the volume

UGL2.56MWX285

UGL vs WX Performance

Jul 31, 2026 – Oct 30, 2026

−10.7%UGL−3.2%WX

Jul 31, 2026 to Oct 30, 2026. UGL −10.7%. WX −3.2%. Use the arrow keys to read each point.10%20%30%Jul 2026Sep 2026Oct 2026
Expense ratio
UGL 0.95%
WX 0.20%, better
Fund size
UGL $620M
WX $1M
1Y total return
UGL −18.9%
WX No data
Holdings
UGL 1
WX 1
Avg volume (30D)
UGL 2.56M sh, better
WX 285 sh
NAV per share
UGL $39.60
WX $22.96
52W range

ETF.net Grade

UGL: Cost 51, Risk 40, Mission not scored, Tradability 62, Holdings not scored, Durability 79. WX: Cost 100, Risk 71, Mission not scored, Tradability 31, Holdings not scored, Durability 23.
Pillar letters and Scores for UGL, WX, with each pillar’s weight
PillarUGLWX
Cost30% weightC51A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightC40A71Higher
Tradability15% weightB62HigherD31
Holdings10% weightNot scoredNot scored
Durability5% weightA79HigherF23

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. UGL and WX are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

UGL ranks 25th and WX 37th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 25CQQUPProShares Ultra QQQ MegaScore 52
  2. Rank 25CUGLProShares Ultra GoldScore 52
  3. Rank 27CUCCProShares Ultra Consumer DiscretionaryScore 50
  4. Rank 37CWLDULeverage Shares 2x Long World SScore 40
  5. Rank 37CWXCorgi All World 2x Daily ETFScore 40
  6. Rank 37CXBIXCorgi U.S. Biotech 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

UGLCProShares Ultra Gold

WXCCorgi All World 2x Daily ETF

In short

UGL A 2x gold trade in ETF clothing: UGL targets twice the daily move of the Bloomberg Gold Subindex using futures and swaps, no bullion in a vault. It has run this playbook since 2008, a long life for a leveraged commodity fund.

WX No data

Stated mandate

UGL UGL seeks to deliver approximately twice the daily performance of the Bloomberg Gold Subindex before fees and expenses. It obtains this exposure through futures and swaps rather than direct ownership of gold.

WX No data

Why people hold it

  • UGL Charges 0.95% a year, below the typical leveraged fund's fee, so the cost drag on a levered gold position is a little lighter.
  • Trading since December 2008, it has been through full gold cycles, boom and bust. That is an unusually long run for a leveraged commodity product.
  • Actively traded rather than a forgotten ticker, which matters when your holding period is measured in days.
  • Stands among the stronger implementations in a crowded leveraged-bull field that includes names like UDOW and QLD.

WX No data

Worth knowing

  • UGL The 2x target resets every day. Over longer holds, results can differ from twice the index's move for the period, and choppy gold tape works against you.proshares.com
  • Exposure comes from futures and swaps, not gold sitting in a vault, so contract roll costs and swap counterparties are part of the package.proshares.com
  • Organized as a commodity pool rather than a conventional stock fund, so its structure and tax paperwork differ from an equity ETF's. It is not built to pay income.

WX No data

Full UGL profile⁠

Full WX profile⁠

UGL vs WX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

UGL vs WX Cost

Overpaying UGL vs WX

$13,714

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UGL 0.95%

    $17,869

  • WX 0.20%

    $4,155

$10,000
30 years

Cost over time

  • UGL 0.95%
  • WX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UGL $17,869WX $4,155

Year by year

YearUGLWXOverpaying
10$1,678$365$1,313
20$6,322$1,421$4,901
30$17,869$4,155$13,714

Expense ratio

  • 0.95%UGL
  • 0.20%WX, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

WX cheapest of 95 funds

UGL 32nd cheapest of 95 funds

UGL vs WX Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
UGL None
WX None

Distribution history

UGLAll UGL payments⁠

No distribution history available.

WXAll WX payments⁠

No distribution history available.

UGL vs WX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
UGL 38.3%WX No data
Return per unit of riskSharpe ratio, 3 years
UGL 0.92WX No data
Worst fallMax drawdown, 5 years
UGL −53.9%WX No data
Market sensitivityBeta, 5 years
UGL 0.57WX 2.76

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