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UGLD vs UYG

Direxion Daily Gold Bull 2X ETF

UGLDDNYSE Arca

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −0.14pt a year

UGLD1.07%UYG0.93%

Avg volume · 30D

UGLD 4.1×the volume

UGLD74.1KUYG18K

UGLD vs UYG Performance

Aug 7, 2026 – Nov 9, 2026

−12.8%UGLD−0.1%UYG

Aug 7, 2026 to Nov 9, 2026. UGLD −12.8%. UYG −0.1%. Use the arrow keys to read each point.−20%10%Aug 2026Sep 2026Nov 2026
Expense ratio
UGLD 1.07%
UYG 0.93%, better
Fund size
UGLD $18M
UYG $785M
1Y total return
UGLD No data
UYG +14.9%
Yield (12M)
UGLD No data
UYG 10.63%
Holdings
UGLD 8
UYG 82
Avg volume (30D)
UGLD 74.1K sh, better
UYG 18K sh
NAV per share
UGLD $18.63
UYG $95.07
52W range

ETF.net Grade

UGLD: Cost 19, Risk 40, Mission not scored, Tradability 51, Holdings not scored, Durability 46. UYG: Cost 70, Risk 77, Mission not scored, Tradability 79, Holdings not scored, Durability 80.
Pillar letters and Scores for UGLD, UYG, with each pillar’s weight
PillarUGLDUYG
Cost30% weightF19A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightC40A77Higher
Tradability15% weightC51A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC46A80Higher

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. UGLD and UYG 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 ›

UYG ranks 2nd and UGLD 82nd of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 76
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 70
  4. Rank 82DINDLDirexion Daily MSCI India Bull 2X ETFScore 33
  5. Rank 82DUGLDDirexion Daily Gold Bull 2X ETFScore 33
  6. Rank 84DBTGDSTKd 100% Bitcoin & 100% Gold ETFScore 31

Our read on each fund

ETF.net Research

UGLDDDirexion Daily Gold Bull 2X ETF

UYGAProShares Ultra Financials

In short

UGLD Two times gold, re-struck every session. UGLD targets 200% of gold's daily price move with the SPDR Gold Trust as its reference, at 1.07% net of a waiver through September 1, 2027. A trading tool, not a bar in a vault.

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

UGLD The fund seeks daily investment results, before fees and expenses, equal to 200% of gold’s price performance.

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

  • UGLD The mandate is narrow and legible: 200% of gold's daily price move, referenced to a single gold holding (GLD). No miners, no basket to drift away from the metal.direxion.comdirexion.com 2
  • Leverage arrives inside a plain ETF share, so the 2x daily target needs no margin account, and an intraday value (UGLD.IV) publishes through the session.direxion.com
  • Moderately traded for a fund launched in 2026, and Direxion waives part of the 1.09% gross fee down to 1.07% net through September 1, 2027.
  • 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

  • UGLD Daily reset is the whole story: held longer than a day, compounding takes over and multi-week results can diverge sharply from 2x gold's move, especially in choppy tape.direxion.com
  • Cost sits above the leveraged-bull median: 1.07% net of a waiver through September 1, 2027, against 0.89% net of a waiver through September 30, 2027 at QLD and 0.93% at ROM.
  • Launched in 2026 and still small, so there is only a short record of how tightly daily results have tracked the 200% target.
  • 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 UGLD profile⁠

Full UYG profile⁠

UGLD vs UYG 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.

UGLD vs UYG Cost

Overpaying UGLD vs UYG

$2,276

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

  • UGLD 1.07%

    $19,815

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • UGLD 1.07%
  • UYG 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UGLD $19,815UYG $17,539

Year by year

YearUGLDUYGOverpaying
10$1,881$1,644$237
20$7,046$6,199$847
30$19,815$17,539$2,276

Expense ratio

  • 1.07%UGLD
  • 0.93%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

UGLD 80th cheapest of 95 funds

UGLD vs UYG Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
UGLD No data
UYG 10.63%
Payout (12M)
UGLD No data
UYG $10.38
Last payment
UGLD $0.08
UYG $0.09
Ex-dividend
UGLD Sep 22, 2026
UYG Sep 23, 2026
Paid on
UGLD Sep 29, 2026
UYG Sep 29, 2026
Frequency
UGLD Quarterly
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

UGLDQuarterly · 2 paymentsAll UGLD payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 23, 2026 $0.05; Sep 22, 2026 $0.08. Use the arrow keys to read each point.$0$102017202020232026YTD
UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$102017202020232026YTD

UGLD vs UYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
UGLD No dataUYG 30.5%
Return per unit of riskSharpe ratio, 3 years
UGLD No dataUYG 1.04
Worst fallMax drawdown, 5 years
UGLD No dataUYG −47.8%
Market sensitivityBeta, 5 years
UGLD 0.00UYG 1.58

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