IYK vs. UGE

Last updated Jun 5, 2026

IYK (iShares U.S. Consumer Goods ETF) and UGE (ProShares Ultra Consumer Goods) are both exchange-traded funds - IYK is a Consumer Staples Equities fund tracking the Dow Jones U.S. Consumer Goods Index, while UGE is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods Index (200%). Both are passively managed. Over the past 10 years, IYK returned 8.83%/yr vs 7.73%/yr for UGE. Their correlation of 0.80 suggests significant overlap in exposure. IYK charges 0.42%/yr vs 0.95%/yr for UGE.

Performance

IYK vs. UGE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares U.S. Consumer Goods ETF (IYK) and ProShares Ultra Consumer Goods (UGE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IYK achieves a 5.46% return, which is significantly lower than UGE's 9.38% return. Over the past 10 years, IYK has outperformed UGE with an annualized return of 8.83%, while UGE has yielded a comparatively lower 7.73% annualized return.

IYK

• 1D: -0.20%
• 1M: -1.64%
• YTD: 5.46%
• 6M: 5.91%
• 1Y: 1.90%
• 3Y*: 4.78%
• 5Y*: 5.51%
• 10Y*: 8.83%

UGE

• 1D: -0.22%
• 1M: -4.94%
• YTD: 9.38%
• 6M: 8.65%
• 1Y: -2.38%
• 3Y*: 4.97%
• 5Y*: -2.89%
• 10Y*: 7.73%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IYK vs. UGE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IYK iShares U.S. Consumer Goods ETF	5.46%	4.78%	5.27%	-2.84%	3.57%	17.32%	32.65%	28.12%	-13.84%	16.53%
UGE ProShares Ultra Consumer Goods	9.38%	-5.21%	16.40%	2.38%	-46.78%	42.44%	56.64%	58.28%	-30.14%	32.38%

Correlation

The correlation between IYK and UGE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	0.80

The correlation between IYK and UGE shifts across timeframes, from 0.77 (5 years) to 0.91 (3 years), reflecting how their relationship changes across market environments.

IYK vs. UGE - Sectors Allocation Comparison

Sectors	IYK	UGE
Consumer Defensive	84.9%	99.0%
Healthcare	10.9%	-
Basic Materials	2.7%	-
Consumer Cyclical	1.5%	1.0%
Industrials	0.1%	-
Communication Services	-	-
Energy	-	-
Financial Services	-	-
Real Estate	-	-
Technology	-	-
Utilities	-	-

Return for Risk

IYK vs. UGE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IYK

IYK Risk / Return Rank: 11
IYK Sharpe Ratio Rank: 12
IYK Sortino Ratio Rank: 11
IYK Omega Ratio Rank: 11
IYK Calmar Ratio Rank: 11
IYK Martin Ratio Rank: 11

UGE

UGE Risk / Return Rank: 8
UGE Sharpe Ratio Rank: 8
UGE Sortino Ratio Rank: 8
UGE Omega Ratio Rank: 8
UGE Calmar Ratio Rank: 8
UGE Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IYK vs. UGE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Consumer Goods ETF (IYK) and ProShares Ultra Consumer Goods (UGE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	IYK	UGE	Difference
Sharpe ratio: Return per unit of total volatility	0.16	-0.10	+0.25
Sortino ratio: Return per unit of downside risk	0.30	0.04	+0.26
Omega ratio: Gain probability vs. loss probability	1.04	1.00	+0.03
Calmar ratio: Return relative to maximum drawdown	0.18	-0.13	+0.30
Martin ratio: Return relative to average drawdown	0.38	-0.23	+0.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IYK vs. UGE - Sharpe Ratio Comparison

The current IYK Sharpe Ratio is 0.16, which is higher than the UGE Sharpe Ratio of -0.10. The chart below compares the historical Sharpe Ratios of IYK and UGE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IYK	UGE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	-0.10	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	-0.09	+0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.23	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.33	+0.23

Drawdowns

IYK vs. UGE - Drawdown Comparison

The maximum IYK drawdown since its inception was -42.64%, smaller than the maximum UGE drawdown of -71.36%. Use the drawdown chart below to compare losses from any high point for IYK and UGE.

Drawdown Indicators

	IYK	UGE	Difference
Max Drawdown Largest peak-to-trough decline	-42.64%	-71.36%	+28.72%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-18.95%	+8.27%
Max Drawdown (3Y) Largest decline over 3 years	-12.14%	-24.80%	+12.66%
Max Drawdown (5Y) Largest decline over 5 years	-15.05%	-56.55%	+41.50%
Max Drawdown (10Y) Largest decline over 10 years	-33.19%	-57.14%	+23.95%
Current Drawdown Current decline from peak	-9.10%	-38.21%	+29.11%
Average Drawdown Average peak-to-trough decline	-5.07%	-18.74%	+13.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	10.46%	-5.41%

Volatility

IYK vs. UGE - Volatility Comparison

The current volatility for iShares U.S. Consumer Goods ETF (IYK) is 3.51%, while ProShares Ultra Consumer Goods (UGE) has a volatility of 7.52%. This indicates that IYK experiences smaller price fluctuations and is considered to be less risky than UGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IYK	UGE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	7.52%	-4.01%
Volatility (6M) Calculated over the trailing 6-month period	9.29%	19.44%	-10.15%
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	24.97%	-12.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.98%	31.30%	-18.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	33.07%	-17.57%

IYK vs. UGE - Expense Ratio Comparison

IYK has a 0.42% expense ratio, which is lower than UGE's 0.95% expense ratio.

Dividends

IYK vs. UGE - Dividend Comparison

IYK's dividend yield for the trailing twelve months is around 2.69%, more than UGE's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IYK iShares U.S. Consumer Goods ETF	2.69%	2.75%	2.63%	2.74%	2.16%	1.49%	1.42%	2.21%	2.81%	1.74%	2.63%	2.11%
UGE ProShares Ultra Consumer Goods	2.23%	2.54%	1.43%	1.20%	0.74%	0.20%	0.41%	0.86%	0.76%	0.68%	0.76%	0.60%

Frequently Asked Questions

Can I hold both IYK and UGE in my portfolio?

IYK and UGE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IYK or UGE?

UGE has higher volatility (7.52%) compared to IYK (3.51%). In terms of maximum drawdown, IYK dropped -42.64% vs UGE's -71.36%.

Which ETF is better, IYK or UGE?

On 10-year performance, IYK leads with 8.83% vs 7.73% for UGE. On fees, IYK is cheaper at 0.42% per year. On volatility, IYK has been the lower-risk option at 3.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IYK or UGE?

Over the 10-year period, IYK has performed better with a 8.83% return vs 7.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IYK or UGE?

IYK is cheaper with a 0.42% expense ratio, compared with 0.95% for UGE.

Which ETF pays a higher dividend yield, IYK or UGE?

IYK has the higher dividend yield at 2.69%, compared with 2.23% for UGE.

What is the main difference between IYK and UGE?

IYK is categorized as Consumer Staples Equities, while UGE is Leveraged Equities. IYK tracks Dow Jones U.S. Consumer Goods Index, while UGE tracks Dow Jones U.S. Consumer Goods Index (200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.42% for IYK and 0.95% for UGE.

Which has better risk-adjusted returns?

IYK currently has the higher Sharpe Ratio (0.16 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.