Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, ProShares Ultra Gold
With that in mind, let's take a closer look at ProShares Ultra Gold and see what CAPS investors are saying about the ETF right now.
ProShares Ultra Gold facts
| Inception | December 2008 |
| Total Net Assets | $372.7 million |
| Investment Approach | Seeks to provide daily investment results that correspond to twice (200%) the daily performance of gold bullion as measured by the U.S. dollar p.m. fixing price for delivery in London |
| Expense Ratio | 0.95% |
| Year-to-Date / 1-Year / 3-Year Returns | 17.3% / (16.0%) / 33.9% |
| Alternatives |
PowerShares DB Gold Double Long ETN SPDR Gold Shares iShares Gold Trust |
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 42% of the 251 members who have rated ProShares Ultra Gold believe the ETF will underperform the S&P 500 going forward.
Earlier this year, one of those Fools, goeagles2013, succinctly summed up the bear case for our community:
This call might hurt over the next few weeks, months, or even years. But I'd rather own shares of a company that produce something of real value to society than a shiny metal. Inflation hedge aside, there are better places to put your money, and when these doomsday prophecies disappear, so will gold at [$1,700] an ounce.
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Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.
