See what your fund actually adds
Direxion Daily Gold Bull 2X ETF UGLD
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | UGLD | Replication |
|---|---|---|
| Annualized growth | -46.8% | -25.9% |
| Annualized volatility | 43.9% | 32.8% |
| Sharpe ratio | -1.23 | -0.76 |
| Maximum drawdown | 21.1% | 13.5% |
| Replication fit (R²) | 0.78 · Tracking error 20.7% | |
Replication portfolio
The published portfolio below is the investable basket used to model UGLD’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| SLV | Alternatives · Silver | 48.3% |
| IAU | Alternatives · Gold | 33.3% |
| IBIT | Alternatives · Bitcoin | 18.4% |