Correlation
The correlation between UCC and FDIS is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
UCC vs. FDIS
Compare and contrast key facts about ProShares Ultra Consumer Services (UCC) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS).
UCC and FDIS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCC is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Consumer Services Index (200%). It was launched on Jan 30, 2007. FDIS is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Consumer Discretionary Index. It was launched on Oct 21, 2013. Both UCC and FDIS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCC or FDIS.
Performance
UCC vs. FDIS - Performance Comparison
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Key characteristics
UCC:
0.65
FDIS:
0.71
UCC:
1.23
FDIS:
1.18
UCC:
1.16
FDIS:
1.15
UCC:
0.69
FDIS:
0.68
UCC:
1.80
FDIS:
1.95
UCC:
18.49%
FDIS:
9.56%
UCC:
51.57%
FDIS:
26.24%
UCC:
-83.05%
FDIS:
-39.16%
UCC:
-25.24%
FDIS:
-11.00%
Returns By Period
In the year-to-date period, UCC achieves a -14.41% return, which is significantly lower than FDIS's -4.98% return. Both investments have delivered pretty close results over the past 10 years, with UCC having a 12.84% annualized return and FDIS not far behind at 12.72%.
UCC
-14.41%
14.93%
-13.39%
32.25%
15.01%
11.23%
12.84%
FDIS
-4.98%
8.55%
-5.00%
17.90%
12.61%
14.36%
12.72%
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UCC vs. FDIS - Expense Ratio Comparison
UCC has a 0.95% expense ratio, which is higher than FDIS's 0.08% expense ratio.
Risk-Adjusted Performance
UCC vs. FDIS — Risk-Adjusted Performance Rank
UCC
FDIS
UCC vs. FDIS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and Fidelity MSCI Consumer Discretionary Index ETF (FDIS). 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.
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Dividends
UCC vs. FDIS - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 0.44%, less than FDIS's 0.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | 0.44% | 0.17% | 0.04% | 0.25% | 0.00% | 0.02% | 0.17% | 0.18% | 0.14% | 0.21% | 0.14% | 0.13% |
FDIS Fidelity MSCI Consumer Discretionary Index ETF | 0.78% | 0.69% | 0.78% | 1.00% | 0.58% | 0.59% | 1.14% | 1.29% | 1.00% | 1.62% | 1.25% | 1.01% |
Drawdowns
UCC vs. FDIS - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than FDIS's maximum drawdown of -39.16%. Use the drawdown chart below to compare losses from any high point for UCC and FDIS.
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Volatility
UCC vs. FDIS - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 13.38% compared to Fidelity MSCI Consumer Discretionary Index ETF (FDIS) at 7.16%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than FDIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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