SCC vs. UPRO
SCC (ProShares UltraShort Consumer Services) and UPRO (ProShares UltraPro S&P 500) are both Leveraged Equities funds from ProShares - SCC tracks the DJ Global United States (All) / Consumer Services -IND (-200%) while UPRO tracks the S&P 500. Both are passively managed. Over the past 10 years, SCC returned -25.08%/yr vs 30.09%/yr for UPRO. At a correlation of -0.76, they often move in opposite directions. SCC charges 0.95%/yr vs 0.89%/yr for UPRO.
Performance
SCC vs. UPRO - Performance Comparison
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Returns By Period
In the year-to-date period, SCC achieves a 3.99% return, which is significantly lower than UPRO's 27.90% return. Over the past 10 years, SCC has underperformed UPRO with an annualized return of -25.08%, while UPRO has yielded a comparatively higher 30.09% annualized return.
SCC
- 1D
- 1.71%
- 1M
- 1.88%
- YTD
- 3.99%
- 6M
- 4.09%
- 1Y
- -15.43%
- 3Y*
- -25.44%
- 5Y*
- -15.79%
- 10Y*
- -25.08%
UPRO
- 1D
- -2.09%
- 1M
- 14.64%
- YTD
- 27.90%
- 6M
- 26.67%
- 1Y
- 80.84%
- 3Y*
- 52.58%
- 5Y*
- 23.13%
- 10Y*
- 30.09%
SCC vs. UPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 3.99% | -18.97% | -36.01% | -44.34% | 64.09% | -25.84% | -54.75% | -38.94% | -8.53% | -31.58% |
UPRO ProShares UltraPro S&P 500 | 27.90% | 31.88% | 63.57% | 68.53% | -56.84% | 98.64% | 10.09% | 102.30% | -25.11% | 71.37% |
Correlation
The correlation between SCC and UPRO is -0.76, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009 | -0.76 |
The correlation between SCC and UPRO has been stable across timeframes, ranging from -0.85 to -0.76 - a consistent structural relationship.
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Return for Risk
SCC vs. UPRO — Risk / Return Rank
SCC
UPRO
SCC vs. UPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) and ProShares UltraPro S&P 500 (UPRO). 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 | UPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.36 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 3.03 | -3.57 |
| Martin ratioReturn relative to average drawdown | -0.80 | 12.80 | -13.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCC | UPRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 2.30 | -2.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | 0.46 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | 0.56 | -1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.65 | -1.29 |
Drawdowns
SCC vs. UPRO - Drawdown Comparison
The maximum SCC drawdown since its inception was -99.92%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for SCC and UPRO.
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Drawdown Indicators
| SCC | UPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -76.82% | -23.10% |
Max Drawdown (1Y)Largest decline over 1 year | -29.02% | -26.78% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -48.87% | -18.23% |
Max Drawdown (5Y)Largest decline over 5 years | -77.34% | -63.94% | -13.40% |
Max Drawdown (10Y)Largest decline over 10 years | -95.55% | -76.82% | -18.73% |
Current DrawdownCurrent decline from peak | -99.90% | -2.09% | -97.81% |
Average DrawdownAverage peak-to-trough decline | -85.95% | -14.42% | -71.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.21% | 6.33% | +12.88% |
Volatility
SCC vs. UPRO - Volatility Comparison
ProShares UltraShort Consumer Services (SCC) has a higher volatility of 10.71% compared to ProShares UltraPro S&P 500 (UPRO) at 8.45%. This indicates that SCC's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCC | UPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 8.45% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 26.41% | 26.60% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.34% | 35.35% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.94% | 50.32% | -6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.52% | 53.74% | -14.22% |
SCC vs. UPRO - Expense Ratio Comparison
SCC has a 0.95% expense ratio, which is higher than UPRO's 0.89% expense ratio.
Dividends
SCC vs. UPRO - Dividend Comparison
SCC's dividend yield for the trailing twelve months is around 4.53%, more than UPRO's 0.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 4.53% | 4.87% | 7.46% | 4.53% | 0.53% | 0.00% | 0.06% | 2.67% | 0.86% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.68% | 0.84% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% |
Frequently Asked Questions
SCC and UPRO have a correlation of -0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCC has higher volatility (10.71%) compared to UPRO (8.45%). In terms of maximum drawdown, SCC dropped -99.92% vs UPRO's -76.82%.
On 10-year performance, UPRO leads with 30.09% vs -25.08% for SCC. On fees, UPRO is cheaper at 0.89% per year. On volatility, UPRO has been the lower-risk option at 8.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UPRO has performed better with a 30.09% return vs -25.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UPRO is cheaper with a 0.89% expense ratio, compared with 0.95% for SCC.
SCC has the higher dividend yield at 4.53%, compared with 0.68% for UPRO.
SCC tracks DJ Global United States (All) / Consumer Services -IND (-200%), while UPRO tracks S&P 500. Their fees differ too: 0.95% for SCC and 0.89% for UPRO.
UPRO currently has the higher Sharpe Ratio (2.30 vs -0.43), 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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