RXL vs. UCC
RXL (ProShares Ultra Health Care) and UCC (ProShares Ultra Consumer Services) are both Leveraged Equities funds from ProShares - RXL tracks the Dow Jones U.S. Health Care Index (200%) while UCC tracks the Dow Jones U.S. Consumer Services Index (200%). Both are passively managed. Over the past 10 years, RXL returned 13.05%/yr vs 13.99%/yr for UCC. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
RXL vs. UCC - Performance Comparison
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Returns By Period
In the year-to-date period, RXL achieves a -5.37% return, which is significantly higher than UCC's -12.57% return. Over the past 10 years, RXL has underperformed UCC with an annualized return of 13.05%, while UCC has yielded a comparatively higher 13.99% annualized return.
RXL
- 1D
- 2.50%
- 1M
- 3.01%
- YTD
- -5.37%
- 6M
- -5.67%
- 1Y
- 26.56%
- 3Y*
- 4.63%
- 5Y*
- 1.95%
- 10Y*
- 13.05%
UCC
- 1D
- -2.02%
- 1M
- -9.06%
- YTD
- -12.57%
- 6M
- -16.66%
- 1Y
- 4.44%
- 3Y*
- 12.83%
- 5Y*
- -1.61%
- 10Y*
- 13.99%
RXL vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | -5.37% | 19.76% | -2.72% | -3.15% | -15.26% | 48.06% | 19.24% | 40.40% | 3.38% | 46.92% |
UCC ProShares Ultra Consumer Services | -12.57% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
Correlation
The correlation between RXL and UCC is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.57 |
Over the past year, the correlation between RXL and UCC has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
RXL vs. UCC — Risk / Return Rank
RXL
UCC
RXL vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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.
| RXL | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.05 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.15 | +1.10 |
| Martin ratioReturn relative to average drawdown | 2.85 | 0.41 | +2.44 |
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Drawdowns
RXL vs. UCC - Drawdown Comparison
The maximum RXL drawdown since its inception was -67.70%, smaller than the maximum UCC drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for RXL and UCC.
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Drawdown Indicators
| RXL | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.70% | -83.05% | +15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -21.33% | -29.14% | +7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -36.08% | -48.01% | +11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -36.08% | -61.77% | +25.69% |
Max Drawdown (10Y)Largest decline over 10 years | -51.00% | -61.77% | +10.77% |
Current DrawdownCurrent decline from peak | -14.00% | -21.93% | +7.93% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -21.79% | +5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.33% | 10.73% | -1.40% |
Volatility
RXL vs. UCC - Volatility Comparison
The current volatility for ProShares Ultra Health Care (RXL) is 10.70%, while ProShares Ultra Consumer Services (UCC) has a volatility of 13.04%. This indicates that RXL 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
| RXL | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 13.04% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 21.46% | 27.83% | -6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.42% | 36.99% | -6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.76% | 43.86% | -14.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.28% | 40.77% | -7.49% |
RXL vs. UCC - Expense Ratio Comparison
Both RXL and UCC have an expense ratio of 0.95%.
Dividends
RXL vs. UCC - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.54%, more than UCC's 1.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.54% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
UCC ProShares Ultra Consumer Services | 1.24% | 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
RXL and UCC have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (13.04%) compared to RXL (10.70%). In terms of maximum drawdown, RXL dropped -67.70% vs UCC's -83.05%.
On 10-year performance, UCC leads with 13.99% vs 13.05% for RXL. Both ETFs have the same 0.95% expense ratio. On volatility, RXL has been the lower-risk option at 10.70%. 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 13.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RXL and UCC have the same expense ratio: 0.95% per year.
RXL has the higher dividend yield at 1.54%, compared with 1.24% for UCC.
RXL tracks Dow Jones U.S. Health Care Index (200%), while UCC tracks Dow Jones U.S. Consumer Services Index (200%).
RXL currently has the higher Sharpe Ratio (0.88 vs 0.12), 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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