UCC vs. BITO
UCC (ProShares Ultra Consumer Services) and BITO (ProShares Bitcoin Strategy ETF) are both exchange-traded funds - UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while BITO is a Cryptocurrency fund actively managed by ProShares. UCC is passively managed, while BITO is actively managed. Over the past 3 years, UCC returned 12.77%/yr vs 22.46%/yr for BITO. Their 0.41 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
UCC vs. BITO - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -7.03% return, which is significantly higher than BITO's -27.98% return.
UCC
- 1D
- 0.04%
- 1M
- 0.72%
- 6M
- -8.61%
- YTD
- -7.03%
- 1Y
- 7.77%
- 3Y*
- 12.77%
- 5Y*
- -0.73%
- 10Y*
- 13.51%
- ALL TIME*
- 13.30%
BITO
- 1D
- 0.58%
- 1M
- 4.24%
- 6M
- -17.22%
- YTD
- -27.98%
- 1Y
- -46.07%
- 3Y*
- 22.46%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.75%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.25B | $2.50B | $2.06B | |
| $370.01K | $220.92K | $193.13K |
UCC vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -7.03% | 2.21% | 44.24% | 61.67% | -57.59% | -0.88% |
BITO ProShares Bitcoin Strategy ETF | -27.98% | -11.19% | 104.45% | 137.33% | -63.91% | -29.31% |
Correlation
The correlation between UCC and BITO is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.36 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2021 | 0.41 |
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Return for Risk
UCC vs. BITO — Risk / Return Rank
UCC
BITO
UCC vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and ProShares Bitcoin Strategy ETF (BITO). 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.
| UCC | BITO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.83 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.85 | +1.12 |
| Martin ratioReturn relative to average drawdown | 0.63 | -1.29 | +1.92 |
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Drawdowns
UCC vs. BITO - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than BITO's maximum drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for UCC and BITO.
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Drawdown Indicators
| UCC | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -77.86% | -5.19% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -54.47% | +25.33% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -54.47% | +6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | — | — |
Current DrawdownCurrent decline from peak | -16.99% | -50.33% | +33.34% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -37.20% | +15.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 35.76% | -23.40% |
Volatility
UCC vs. BITO - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 14.94% compared to ProShares Bitcoin Strategy ETF (BITO) at 8.00%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.94% | 8.00% | +6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 30.50% | 32.76% | -2.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.87% | 44.12% | -5.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.27% | 54.56% | -10.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.97% | 54.56% | -13.59% |
UCC vs. BITO - Expense Ratio Comparison
Both UCC and BITO have an expense ratio of 0.95%.
Dividends
UCC vs. BITO - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.24%, less than BITO's 46.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITO ProShares Bitcoin Strategy ETF | 46.76% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
UCC and BITO have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (14.94%) compared to BITO (8.00%). In terms of maximum drawdown, UCC dropped -83.05% vs BITO's -77.86%.
On 3-year performance, BITO leads with 22.46% vs 12.77% for UCC. Both ETFs have the same 0.95% expense ratio. On volatility, BITO has been the lower-risk option at 8.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BITO has performed better with a 22.46% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC and BITO have the same expense ratio: 0.95% per year.
BITO has the higher dividend yield at 46.76%, compared with 1.24% for UCC.
UCC is categorized as Leveraged Equities, while BITO is Cryptocurrency.
UCC currently has the higher Sharpe Ratio (0.20 vs -1.05), 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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