PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
UCC vs. DBE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UCC vs. DBE

Last updated Jun 5, 2026

UCC (ProShares Ultra Consumer Services) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, UCC returned 14.07%/yr vs 11.58%/yr for DBE. At a 0.18 correlation, their price movements are largely independent. UCC charges 0.95%/yr vs 0.78%/yr for DBE.

Performance

UCC vs. DBE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Consumer Services (UCC) and Invesco DB Energy Fund (DBE). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, UCC achieves a -7.17% return, which is significantly lower than DBE's 79.04% return. Over the past 10 years, UCC has outperformed DBE with an annualized return of 14.07%, while DBE has yielded a comparatively lower 11.58% annualized return.

UCC

1D
0.91%
1M
-2.31%
YTD
-7.17%
6M
-6.64%
1Y
10.16%
3Y*
18.80%
5Y*
0.60%
10Y*
14.07%

DBE

1D
-2.52%
1M
-6.01%
YTD
79.04%
6M
69.31%
1Y
81.31%
3Y*
22.41%
5Y*
19.05%
10Y*
11.58%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UCC vs. DBE - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UCC
ProShares Ultra Consumer Services		-7.17%2.21%44.24%61.67%-57.59%20.92%46.55%53.76%-4.94%42.05%
DBE
Invesco DB Energy Fund		79.04%-2.17%2.96%-12.14%33.77%57.56%-25.91%19.72%-12.95%5.21%

Correlation

The correlation between UCC and DBE is -0.32, 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

-0.32

Correlation (3Y)
Calculated over the trailing 3-year period

-0.10

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (10Y)
Calculated over the trailing 10-year period

0.12

Correlation (All Time)
Calculated using the full available price history since Feb 5, 2007

0.18

The correlation between UCC and DBE shifts across timeframes, from -0.32 (1 year) to 0.18 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra Consumer Services

Invesco DB Energy Fund

Often compared with UCC:
UCC vs. RXLUCC vs. FDISUCC vs. FNGSUCC vs. ROMUCC vs. UPROUCC vs. USDUCC vs. VGT
Often compared with DBE:
DBE vs. DBBDBE vs. XLEDBE vs. VDEDBE vs. XLKDBE vs. COMTDBE vs. GLDDBE vs. TIP

Return for Risk

UCC vs. DBE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UCC
UCC Risk / Return Rank: 1414
Overall Rank
UCC Sharpe Ratio Rank: 1313
Sharpe Ratio Rank
UCC Sortino Ratio Rank: 1515
Sortino Ratio Rank
UCC Omega Ratio Rank: 1414
Omega Ratio Rank
UCC Calmar Ratio Rank: 1313
Calmar Ratio Rank
UCC Martin Ratio Rank: 1414
Martin Ratio Rank
DBE
DBE Risk / Return Rank: 7171
Overall Rank
DBE Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
DBE Sortino Ratio Rank: 6262
Sortino Ratio Rank
DBE Omega Ratio Rank: 6565
Omega Ratio Rank
DBE Calmar Ratio Rank: 9191
Calmar Ratio Rank
DBE Martin Ratio Rank: 6262
Martin Ratio Rank
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.

UCC vs. DBE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and Invesco DB Energy Fund (DBE). 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.

UCCDBEDifference
Sharpe ratioReturn per unit of total volatility
0.28
2.33

-2.05

Sortino ratioReturn per unit of downside risk
0.65
2.87

-2.22

Omega ratioGain probability vs. loss probability

1.08

1.39

-0.31

Calmar ratioReturn relative to maximum drawdown

0.35

5.67

-5.32

Martin ratioReturn relative to average drawdown

1.01

11.08

-10.07

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCC vs. DBE - Sharpe Ratio Comparison

The current UCC Sharpe Ratio is 0.28, which is lower than the DBE Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of UCC and DBE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

UCCDBEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.28

2.33

-2.05

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

0.65

-0.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

0.41

-0.06

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

0.09

+0.24

Drawdowns

UCC vs. DBE - Drawdown Comparison

The maximum UCC drawdown since its inception was -83.05%, roughly equal to the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for UCC and DBE.

Loading charts...

Drawdown Indicators

UCCDBEDifference

Max Drawdown

Largest peak-to-trough decline

-83.05%

-86.69%

+3.64%

Max Drawdown (1Y)

Largest decline over 1 year

-29.14%

-14.41%

-14.73%

Max Drawdown (3Y)

Largest decline over 3 years

-48.01%

-23.89%

-24.12%

Max Drawdown (5Y)

Largest decline over 5 years

-61.77%

-38.74%

-23.03%

Max Drawdown (10Y)

Largest decline over 10 years

-61.77%

-60.84%

-0.93%

Current Drawdown

Current decline from peak

-17.12%

-32.03%

+14.91%

Average Drawdown

Average peak-to-trough decline

-21.80%

-57.30%

+35.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.14%

7.37%

+2.77%

Volatility

UCC vs. DBE - Volatility Comparison

The current volatility for ProShares Ultra Consumer Services (UCC) is 10.36%, while Invesco DB Energy Fund (DBE) has a volatility of 13.05%. This indicates that UCC experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

UCCDBEDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.36%

13.05%

-2.69%

Volatility (6M)

Calculated over the trailing 6-month period

26.43%

30.97%

-4.54%

Volatility (1Y)

Calculated over the trailing 1-year period

36.20%

35.07%

+1.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.60%

29.41%

+14.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.61%

28.34%

+12.27%

UCC vs. DBE - Expense Ratio Comparison

UCC has a 0.95% expense ratio, which is higher than DBE's 0.78% expense ratio.

Dividends

UCC vs. DBE - Dividend Comparison

UCC's dividend yield for the trailing twelve months is around 1.17%, less than DBE's 2.16% yield.

PositionTTM20252024202320222021202020192018201720162015
DBE
Invesco DB Energy Fund		2.16%3.86%6.32%3.87%0.75%0.00%0.00%1.79%1.67%0.00%0.00%0.00%
UCC
ProShares Ultra Consumer Services		1.17%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 DBE have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBE has higher volatility (13.05%) compared to UCC (10.36%). In terms of maximum drawdown, UCC dropped -83.05% vs DBE's -86.69%.

On 10-year performance, UCC leads with 14.07% vs 11.58% for DBE. On fees, DBE is cheaper at 0.78% per year. On volatility, UCC has been the lower-risk option at 10.36%. 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 14.07% return vs 11.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DBE is cheaper with a 0.78% expense ratio, compared with 0.95% for UCC.

DBE has the higher dividend yield at 2.16%, compared with 1.17% for UCC.

UCC is categorized as Leveraged Equities, while DBE is Oil & Gas. UCC tracks Dow Jones U.S. Consumer Services Index (200%), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for UCC and 0.78% for DBE.

DBE currently has the higher Sharpe Ratio (2.33 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.

Portfolio Optimizer

Find the right allocation for UCC and DBE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer