SCC vs. MULL

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares UltraShort Consumer Services (SCC) and GraniteShares 2x Long MU Daily ETF (MULL).

SCC and MULL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCC is a passively managed fund by ProShares that tracks the performance of the DJ Global United States (All) / Consumer Services -IND (-200%). It was launched on Jan 30, 2007. MULL is an actively managed fund by GraniteShares. It was launched on Nov 11, 2024.

Performance

SCC vs. MULL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Consumer Services (SCC) and GraniteShares 2x Long MU Daily ETF (MULL). The values are adjusted to include any dividend payments, if applicable.

SCC vs. MULL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCC ProShares UltraShort Consumer Services	19.44%	-18.97%	-6.79%
MULL GraniteShares 2x Long MU Daily ETF	18.59%	558.51%	-40.10%

Returns By Period

The year-to-date returns for both stocks are quite close, with SCC having a 19.44% return and MULL slightly lower at 18.59%.

SCC

• 1D: -6.15%
• 1M: 13.74%
• YTD: 19.44%
• 6M: 19.94%
• 1Y: -24.41%
• 3Y*: -24.32%
• 5Y*: -13.80%
• 10Y*: -24.06%

MULL

• 1D: 9.98%
• 1M: -37.16%
• YTD: 18.59%
• 6M: 194.62%
• 1Y: 734.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCC vs. MULL - Expense Ratio Comparison

SCC has a 0.95% expense ratio, which is lower than MULL's 1.50% expense ratio.

MULL

GraniteShares 2x Long MU Daily ETF

SCC

ProShares UltraShort Consumer Services

Return for Risk

SCC vs. MULL — Risk / Return Rank

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

SCC

SCC Risk / Return Rank: 5
SCC Sharpe Ratio Rank: 4
SCC Sortino Ratio Rank: 4
SCC Omega Ratio Rank: 4
SCC Calmar Ratio Rank: 4
SCC Martin Ratio Rank: 7

MULL

MULL Risk / Return Rank: 98
MULL Sharpe Ratio Rank: 99
MULL Sortino Ratio Rank: 97
MULL Omega Ratio Rank: 96
MULL Calmar Ratio Rank: 99
MULL Martin Ratio Rank: 98

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.

SCC vs. MULL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) and GraniteShares 2x Long MU Daily ETF (MULL). 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.

	SCC	MULL	Difference
Sharpe ratio Return per unit of total volatility	-0.52	5.72	-6.24
Sortino ratio Return per unit of downside risk	-0.48	3.60	-4.08
Omega ratio Gain probability vs. loss probability	0.94	1.48	-0.54
Calmar ratio Return relative to maximum drawdown	-0.46	13.35	-13.82
Martin ratio Return relative to average drawdown	-0.58	37.78	-38.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCC vs. MULL - Sharpe Ratio Comparison

The current SCC Sharpe Ratio is -0.52, which is lower than the MULL Sharpe Ratio of 5.72. The chart below compares the historical Sharpe Ratios of SCC and MULL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCC	MULL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	5.72	-6.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.32	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.63	1.62	-2.25

Correlation

The correlation between SCC and MULL is -0.40. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SCC vs. MULL - Dividend Comparison

SCC's dividend yield for the trailing twelve months is around 3.94%, more than MULL's 0.33% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SCC ProShares UltraShort Consumer Services	3.94%	4.87%	7.46%	4.53%	0.53%	0.00%	0.06%	2.67%	0.86%
MULL GraniteShares 2x Long MU Daily ETF	0.33%	0.39%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SCC vs. MULL - Drawdown Comparison

The maximum SCC drawdown since its inception was -99.92%, which is greater than MULL's maximum drawdown of -72.29%. Use the drawdown chart below to compare losses from any high point for SCC and MULL.

Drawdown Indicators

	SCC	MULL	Difference
Max Drawdown Largest peak-to-trough decline	-99.92%	-72.29%	-27.63%
Max Drawdown (1Y) Largest decline over 1 year	-52.32%	-53.09%	+0.77%
Max Drawdown (5Y) Largest decline over 5 years	-77.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-95.55%	—	—
Current Drawdown Current decline from peak	-99.89%	-48.41%	-51.48%
Average Drawdown Average peak-to-trough decline	-85.82%	-21.94%	-63.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.09%	18.76%	+23.33%

Volatility

SCC vs. MULL - Volatility Comparison

The current volatility for ProShares UltraShort Consumer Services (SCC) is 14.51%, while GraniteShares 2x Long MU Daily ETF (MULL) has a volatility of 47.04%. This indicates that SCC experiences smaller price fluctuations and is considered to be less risky than MULL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCC	MULL	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.51%	47.04%	-32.53%
Volatility (6M) Calculated over the trailing 6-month period	27.05%	98.50%	-71.45%
Volatility (1Y) Calculated over the trailing 1-year period	46.88%	129.87%	-82.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.65%	129.40%	-85.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.33%	129.40%	-90.07%