RWJ vs. UCC
RWJ (Invesco S&P SmallCap 600 Revenue ETF) and UCC (ProShares Ultra Consumer Services) are both exchange-traded funds - RWJ is a Small Cap Value Equities fund tracking the S&P SmallCap 600 Revenue-Weighted 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 10 years, RWJ returned 13.64%/yr vs 13.99%/yr for UCC. A 0.66 correlation means they provide meaningful diversification when combined. RWJ charges 0.39%/yr vs 0.95%/yr for UCC.
Performance
RWJ vs. UCC - Performance Comparison
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Returns By Period
In the year-to-date period, RWJ achieves a 21.05% return, which is significantly higher than UCC's -8.62% return. Both investments have delivered pretty close results over the past 10 years, with RWJ having a 13.64% annualized return and UCC not far ahead at 13.99%.
RWJ
- 1D
- 1.08%
- 1M
- 7.83%
- YTD
- 21.05%
- 6M
- 17.99%
- 1Y
- 42.98%
- 3Y*
- 17.13%
- 5Y*
- 8.52%
- 10Y*
- 13.64%
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%
RWJ vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RWJ Invesco S&P SmallCap 600 Revenue ETF | 21.05% | 7.75% | 11.81% | 16.21% | -10.97% | 52.82% | 20.83% | 20.29% | -16.95% | 5.30% |
UCC ProShares Ultra Consumer Services | -8.62% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
Correlation
The correlation between RWJ and UCC is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 2008 | 0.66 |
The correlation between RWJ and UCC has been stable across timeframes, ranging from 0.62 to 0.70 - a consistent structural relationship.
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Return for Risk
RWJ vs. UCC — Risk / Return Rank
RWJ
UCC
RWJ vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap 600 Revenue ETF (RWJ) 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.
| RWJ | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.79 | ||
| Sortino ratioReturn per unit of downside risk | +2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.08 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 0.35 | +3.21 |
| Martin ratioReturn relative to average drawdown | 11.43 | 0.97 | +10.46 |
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Drawdowns
RWJ vs. UCC - Drawdown Comparison
The maximum RWJ drawdown since its inception was -55.97%, smaller than the maximum UCC drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for RWJ and UCC.
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Drawdown Indicators
| RWJ | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.97% | -83.05% | +27.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -29.14% | +17.83% |
Max Drawdown (3Y)Largest decline over 3 years | -29.29% | -48.01% | +18.72% |
Max Drawdown (5Y)Largest decline over 5 years | -29.29% | -61.77% | +32.48% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -61.77% | +10.44% |
Current DrawdownCurrent decline from peak | 0.00% | -18.41% | +18.41% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -21.80% | +12.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.52% | 10.45% | -6.93% |
Volatility
RWJ vs. UCC - Volatility Comparison
The current volatility for Invesco S&P SmallCap 600 Revenue ETF (RWJ) is 4.67%, while ProShares Ultra Consumer Services (UCC) has a volatility of 12.41%. This indicates that RWJ 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
| RWJ | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.67% | 12.41% | -7.74% |
Volatility (6M)Calculated over the trailing 6-month period | 12.46% | 27.05% | -14.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 36.41% | -16.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 43.70% | -19.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.14% | 40.68% | -14.54% |
RWJ vs. UCC - Expense Ratio Comparison
RWJ has a 0.39% expense ratio, which is lower than UCC's 0.95% expense ratio.
Dividends
RWJ vs. UCC - Dividend Comparison
RWJ's dividend yield for the trailing twelve months is around 0.97%, less than UCC's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RWJ Invesco S&P SmallCap 600 Revenue ETF | 0.97% | 1.11% | 1.15% | 1.34% | 1.02% | 0.61% | 0.89% | 1.22% | 1.44% | 1.11% | 0.60% | 0.74% |
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
RWJ and UCC have a correlation of 0.67, 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 RWJ (4.67%). In terms of maximum drawdown, RWJ dropped -55.97% vs UCC's -83.05%.
On 10-year performance, UCC leads with 13.99% vs 13.64% for RWJ. On fees, RWJ is cheaper at 0.39% per year. On volatility, RWJ has been the lower-risk option at 4.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UCC has performed better with a 13.99% return vs 13.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RWJ is cheaper with a 0.39% expense ratio, compared with 0.95% for UCC.
UCC has the higher dividend yield at 1.18%, compared with 0.97% for RWJ.
RWJ is categorized as Small Cap Value Equities, while UCC is Leveraged Equities. RWJ tracks S&P SmallCap 600 Revenue-Weighted 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: 0.39% for RWJ and 0.95% for UCC.
RWJ currently has the higher Sharpe Ratio (2.07 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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