UGLDVelocityShares 3X Long Gold ETN
UGLD Fund Description
The VelocityShares 3X Long Gold ETN provides 3x exposure to a subset of the GSCI that only includes gold contracts.
UGLD Factset Analytics Insight
As a levered product, UGLD is not a buy-and-hold ETF; it's a short-term tactical instrument. Like many levered funds, it promises 3x exposure only for one day. Over longer periods, returns can vary significantly from 3 times the performance of the underlying index. UGLD's linked index is an "excess return" index; consequently, it reflects returns due to price changes on its futures contracts as well as any gain or loss from "rolling" those futures contracts, but not any income from collateral. As an ETN, any returns earned on UGLD—and the original principal—are subject to Credit Suisse's ability to pay its obligations as they're due. UGLD's expense ratio is high, but as a short-term product, holding fees are relatively less important than trading costs. UGLD has tended to be eminently tradable, with deep liquidity and small spreads, but compare the latest volume and spread figures to those of competing ETFs.
UGLD CHARTS AND PERFORMANCE
UGLD Portfolio Data
UGLD Index Data
UGLD Fund Structure
UGLD Tax Exposures
UGLD Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UGLD. UGLD is rated a 5 out of 5.