ProShares Ultra GoldFind Ratings Reports
- Last Ratings Update:06/30/2016
- Price as of 06/30/2016 :$44.82
- Net Assets:$113 Million
- Peer Rank:19 of 41
- Investment Rating:C
We rate ProShares Ultra Gold at C. Positive factors that influence this rating include a low price volatility and low expense structure. The fund may be considered for investors seeking a Sector - Precious Metals strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The ProShares Ultra Gold has returned an annual rate of 8.20% since inception. More recently, the fund has generated a total return of -10.68% in the last five years, 1.90% in the last three years, and 26.05% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 12% of them. It has also outpaced 34% of its competitors on a three year basis and 89% of them over the last year for the period ending 6/30/2016. On a year to date basis, UGL has returned 55.26%.
Downside risk has been above average. UGL has a draw down risk of -47.26%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 34.4%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 6/30/2016, the fund was trading at a price of $44.82, which is 2.6% below its 52-week high of $46.00 and 19.4% above its 52-week low of $37.55.
High expense ratio hinders performance. As UGL is an exchange traded fund, it has no front end or back end load.
The ProShares Ultra Gold is managed by Michael Neches at ProShare Advisors LLC. This fund is one of 148 ProShare Advisors LLC exchange-traded funds launched since 6/19/2006 that we track.