UCC vs. FNGS
UCC (ProShares Ultra Consumer Services) and FNGS (MicroSectors FANG+ ETN) are both exchange-traded funds - UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while FNGS is a Large Cap Growth Equities fund tracking the NYSE FANG+ Index. Both are passively managed. Over the past 5 years, UCC returned -1.20%/yr vs 18.98%/yr for FNGS. A 0.74 correlation means they provide meaningful diversification when combined. UCC charges 0.95%/yr vs 0.58%/yr for FNGS.
Performance
UCC vs. FNGS - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -10.76% return, which is significantly lower than FNGS's 8.21% return.
UCC
- 1D
- -3.37%
- 1M
- -7.19%
- YTD
- -10.76%
- 6M
- -15.05%
- 1Y
- 10.89%
- 3Y*
- 13.60%
- 5Y*
- -1.20%
- 10Y*
- 14.23%
FNGS
- 1D
- -3.05%
- 1M
- -1.23%
- YTD
- 8.21%
- 6M
- 7.55%
- 1Y
- 20.76%
- 3Y*
- 30.34%
- 5Y*
- 18.98%
- 10Y*
- —
UCC vs. FNGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -10.76% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 6.14% |
FNGS MicroSectors FANG+ ETN | 8.21% | 18.64% | 51.99% | 95.24% | -40.32% | 16.96% | 101.99% | 10.10% |
Correlation
The correlation between UCC and FNGS is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2019 | 0.74 |
Over the past year, the correlation between UCC and FNGS has dropped to 0.54 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
UCC vs. FNGS — Risk / Return Rank
UCC
FNGS
UCC vs. FNGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and MicroSectors FANG+ ETN (FNGS). 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 | FNGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.17 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.91 | -0.53 |
| Martin ratioReturn relative to average drawdown | 1.02 | 2.56 | -1.54 |
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Drawdowns
UCC vs. FNGS - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than FNGS's maximum drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for UCC and FNGS.
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Drawdown Indicators
| UCC | FNGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -48.98% | -34.07% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -22.93% | -6.21% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -26.77% | -21.24% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -48.98% | -12.79% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | — | — |
Current DrawdownCurrent decline from peak | -20.32% | -8.42% | -11.90% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -10.84% | -10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.66% | 8.11% | +2.55% |
Volatility
UCC vs. FNGS - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 13.04% compared to MicroSectors FANG+ ETN (FNGS) at 10.75%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than FNGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | FNGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 10.75% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 27.94% | 17.87% | +10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.01% | 22.54% | +14.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.85% | 30.24% | +13.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 31.23% | +9.54% |
UCC vs. FNGS - Expense Ratio Comparison
UCC has a 0.95% expense ratio, which is higher than FNGS's 0.58% expense ratio.
Dividends
UCC vs. FNGS - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.21%, while FNGS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNGS MicroSectors FANG+ ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UCC ProShares Ultra Consumer Services | 1.21% | 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 FNGS have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (13.04%) compared to FNGS (10.75%). In terms of maximum drawdown, UCC dropped -83.05% vs FNGS's -48.98%.
On 5-year performance, FNGS leads with 18.98% vs -1.20% for UCC. On fees, FNGS is cheaper at 0.58% per year. On volatility, FNGS has been the lower-risk option at 10.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FNGS has performed better with a 18.98% return vs -1.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNGS is cheaper with a 0.58% expense ratio, compared with 0.95% for UCC.
UCC has the higher dividend yield at 1.21%, compared with 0.00% for FNGS.
UCC is categorized as Leveraged Equities, while FNGS is Large Cap Growth Equities. UCC tracks Dow Jones U.S. Consumer Services Index (200%), while FNGS tracks NYSE FANG+ Index. They also come from different issuers: ProShares and BMO. Their fees differ too: 0.95% for UCC and 0.58% for FNGS.
FNGS currently has the higher Sharpe Ratio (0.93 vs 0.30), 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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