# GLD Leveraged ETFs: 2x & Inverse, Compared

> 3 leveraged and inverse ETFs on GLD: multiple, issuer, fee and net assets. Each against its stated multiple, as of Oct 27, 2026.

Data as of Oct 27, 2026. Rebuilt every trading night.

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). 2 issuers sell them. Over three months they finished from −3.8 to −0.5 percentage points against what their stated multiples implied.

### Browse leveraged ETFs

### 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 | not available | $11m | Oct 26, 2026 | 1.07% | −11.5% | −2.2% | not available | not available | not available | −24.0% since May 2026 | +2x |

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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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, GLD leveraged and inverse ETFs, data as of Oct 27, 2026. https://etfiq.com/leverage/gld-leveraged-etfs
Licence: https://etfiq.com/license/ Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.
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