QQQM vs. UCC
QQQM (Invesco NASDAQ 100 ETF) and UCC (ProShares Ultra Consumer Services) are both exchange-traded funds - QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%). Both are passively managed. Over the past 5 years, QQQM returned 16.94%/yr vs -0.24%/yr for UCC. Their correlation of 0.82 suggests significant overlap in exposure. QQQM charges 0.15%/yr vs 0.95%/yr for UCC.
Performance
QQQM vs. UCC - Performance Comparison
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Returns By Period
In the year-to-date period, QQQM achieves a 17.59% return, which is significantly higher than UCC's -8.62% return.
QQQM
- 1D
- 0.67%
- 1M
- 0.22%
- YTD
- 17.59%
- 6M
- 17.91%
- 1Y
- 37.64%
- 3Y*
- 26.52%
- 5Y*
- 16.94%
- 10Y*
- —
UCC
- 1D
- 0.57%
- 1M
- -4.37%
- YTD
- -8.62%
- 6M
- -10.29%
- 1Y
- 12.48%
- 3Y*
- 14.37%
- 5Y*
- -0.24%
- 10Y*
- 13.99%
QQQM vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 17.59% | 20.85% | 25.68% | 55.01% | -32.52% | 27.45% | 6.64% |
UCC ProShares Ultra Consumer Services | -8.62% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 10.48% |
Correlation
The correlation between QQQM and UCC is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020 | 0.82 |
The correlation between QQQM and UCC shifts across timeframes, from 0.70 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
QQQM vs. UCC — Risk / Return Rank
QQQM
UCC
QQQM vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ 100 ETF (QQQM) and ProShares Ultra Consumer Services (UCC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QQQM | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.08 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 0.35 | +2.67 |
| Martin ratioReturn relative to average drawdown | 11.23 | 0.97 | +10.26 |
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Drawdowns
QQQM vs. UCC - Drawdown Comparison
The maximum QQQM drawdown since its inception was -35.04%, smaller than the maximum UCC drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for QQQM and UCC.
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Drawdown Indicators
| QQQM | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.04% | -83.05% | +48.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -29.14% | +17.18% |
Max Drawdown (3Y)Largest decline over 3 years | -22.70% | -48.01% | +25.31% |
Max Drawdown (5Y)Largest decline over 5 years | -35.04% | -61.77% | +26.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.77% | — |
Current DrawdownCurrent decline from peak | -3.33% | -18.41% | +15.08% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -21.80% | +13.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 10.45% | -7.24% |
Volatility
QQQM vs. UCC - Volatility Comparison
The current volatility for Invesco NASDAQ 100 ETF (QQQM) is 7.45%, while ProShares Ultra Consumer Services (UCC) has a volatility of 12.41%. This indicates that QQQM experiences smaller price fluctuations and is considered to be less risky than UCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QQQM | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.45% | 12.41% | -4.96% |
Volatility (6M)Calculated over the trailing 6-month period | 13.71% | 27.05% | -13.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.11% | 36.41% | -19.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.40% | 43.70% | -21.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.22% | 40.68% | -18.46% |
QQQM vs. UCC - Expense Ratio Comparison
QQQM has a 0.15% expense ratio, which is lower than UCC's 0.95% expense ratio.
Dividends
QQQM vs. UCC - Dividend Comparison
QQQM's dividend yield for the trailing twelve months is around 0.43%, less than UCC's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQM Invesco NASDAQ 100 ETF | 0.43% | 0.50% | 0.61% | 0.65% | 0.83% | 0.40% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UCC ProShares Ultra Consumer Services | 1.18% | 1.10% | 0.17% | 0.04% | 0.25% | 0.00% | 0.02% | 0.17% | 0.18% | 0.14% | 0.21% | 0.14% |
Frequently Asked Questions
QQQM and UCC have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (12.41%) compared to QQQM (7.45%). In terms of maximum drawdown, QQQM dropped -35.04% vs UCC's -83.05%.
On 5-year performance, QQQM leads with 16.94% vs -0.24% for UCC. On fees, QQQM is cheaper at 0.15% per year. On volatility, QQQM has been the lower-risk option at 7.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, QQQM has performed better with a 16.94% return vs -0.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QQQM is cheaper with a 0.15% expense ratio, compared with 0.95% for UCC.
UCC has the higher dividend yield at 1.18%, compared with 0.43% for QQQM.
QQQM is categorized as Nasdaq-100, while UCC is Leveraged Equities. QQQM tracks NASDAQ-100 Index, while UCC tracks Dow Jones U.S. Consumer Services Index (200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.15% for QQQM and 0.95% for UCC.
QQQM currently has the higher Sharpe Ratio (2.11 vs 0.28), 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.
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