ProShares Ultra Gold ETF vs Materials Select Sector SPDR Fund — how do they compare? ProShares Ultra Gold ETF trades at $44.96, while Materials Select Sector SPDR Fund trades at $50.01. The key difference: Materials Select Sector SPDR Fund is trading nearer its 52-week high, ProShares Ultra Gold ETF nearer its low. Which is the better fit depends on your goals.
| UGL | XLB | |
|---|---|---|
Sector | Leveraged / Inverse | — |
52-Week High | $85.62 | $53.62 |
52-Week Low | $33.59 | $42.23 |
Trailing returns across standard periods
Latest headlines on both assets
UGL is a leveraged ETF that seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold Subindex. It is a tactical tool designed for sophisticated investors to magnify short-term bullish views on gold prices through the use of futures and swap contracts, rather than holding physical bullion.
Read more on UGL →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes securities of companies from the following industries: chemicals; metals and mining; paper and forest products; containers and packaging; and construction materials. The fund is non-diversified.
Read more on XLB →