Data as of Oct 27, 2026.
GLD leveraged and inverse ETFs
As of Oct 27, 2026, 3 ETFs aim to return −2x to 2x the daily move in gold (GLD).
IQ · Oct 27, 2026More about this list
2 issuers sell them. Over three months they finished from −3.8 to −0.5 percentage points against what their stated multiples implied.
All 3 leveraged and inverse ETFs on GLD
| Ticker | Fund | Issuer | 1M vs multiple | 3M vs multiple | 1Y vs multiple | Net assets ↓ | Net assets as of | Fee | Total return 1M | Total return 3M | Total return YTD | Total return 1Y | Total return 3Y | Total return since launch | Multiple |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| UGL | ProShares Ultra Gold | ProShares | −0.6 pts | −2.6 pts | −13.6 pts | $680m | Oct 27, 2026 | 0.95% | −11.4% | −1.0% | −22.0% | −10.8% | +180.9% | +597.7% | +2x |
| GLL | ProShares UltraShort Gold | ProShares | +1.2 pts | −0.5 pts | −11.1 pts | $101m | Oct 27, 2026 | 0.95% | +12.0% | −2.1% | +0.3% | −13.9% | −76.1% | −98.7% | −2x |
| UGLD | Direxion Daily Gold Bull 2X ETF | Direxion | −0.7 pts | −3.8 pts | – | $11m | Oct 26, 2026 | 1.07% | −11.5% | −2.2% | – | – | – | −24.0% since May 2026 | +2x |
More about this table
Each fund’s return minus what its stated multiple would have produced over the same days, in percentage points, to Oct 27, 2026; largest first. What GLD itself did over the same days: −5.4% over one month, +0.8% over three months, +1.4% over one year.
Questions people ask
- Which 2x GLD ETFs are there?
- As of Oct 27, 2026, 2 ETFs set out to return 2x the daily move in gold (GLD): UGL and UGLD.
- Which inverse GLD ETFs are there?
- As of Oct 27, 2026, 1 ETF sets out to return the opposite of the daily move in gold (GLD), at −2x: GLL.
- Which GLD leveraged ETF is largest?
- UGL, ProShares Ultra Gold, at $680m in net assets on Oct 27, 2026, the largest of the 3 on GLD with a published size.
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ETFIQ, GLD leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/gld-leveraged-etfs
ETFIQ. (Oct 27, 2026). GLD leveraged and inverse ETFs. Retrieved from https://etfiq.com/leverage/gld-leveraged-etfs
[GLD leveraged and inverse ETFs (ETFIQ, Oct 27, 2026)](https://etfiq.com/leverage/gld-leveraged-etfs)
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Every number dated. Not investment advice.