DGP vs. UGL: Which 2x Gold Play Costs You More Than the Leverage?
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Investors looking for 2x daily exposure to gold typically land on two tickers: DB Gold Double Long ETN (NYSEARCA:DGP) and ProShares Ultra Gold (NYSEARCA:UGL). On a one-day basis they move almost in lockstep, both up roughly 7.4% and 7.1% respectively in today’s session. The real distinction sits beneath the ticker: one is a senior unsecured note issued by a European bank, and the oth
Investors looking for 2x daily exposure to gold typically land on two tickers: DB Gold Double Long ETN (NYSEARCA:DGP) and ProShares Ultra Gold (NYSEARCA:UGL). On a one-day basis they move almost in lockstep, both up roughly 7.4% and 7.1% respectively in today’s session. The real distinction sits beneath the ticker: one is a senior unsecured note issued by a European bank, and the oth
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