UCC vs. GEVG

Last updated Jun 21, 2026

UCC (ProShares Ultra Consumer Services) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both Leveraged Equities funds. UCC is passively managed, while GEVG is actively managed. At a 0.28 correlation, their price movements are largely independent. UCC charges 0.95%/yr vs 0.75%/yr for GEVG.

Performance

UCC vs. GEVG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Consumer Services (UCC) and Leverage Shares 2X Long GEV Daily ETF (GEVG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCC achieves a -7.65% return, which is significantly lower than GEVG's 146.99% return.

UCC

• 1D: 3.03%
• 1M: -3.22%
• YTD: -7.65%
• 6M: -11.02%
• 1Y: 14.76%
• 3Y*: 14.40%
• 5Y*: 0.09%
• 10Y*: 14.30%

GEVG

• 1D: 11.88%
• 1M: 9.51%
• YTD: 146.99%
• 6M: 142.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UCC vs. GEVG - Yearly Performance Comparison

	2026 (YTD)	2025
UCC ProShares Ultra Consumer Services	-7.65%	-3.74%
GEVG Leverage Shares 2X Long GEV Daily ETF	146.99%	-11.27%

Correlation

The correlation between UCC and GEVG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.28

Return for Risk

UCC vs. GEVG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UCC

UCC Risk / Return Rank: 15
UCC Sharpe Ratio Rank: 14
UCC Sortino Ratio Rank: 15
UCC Omega Ratio Rank: 15
UCC Calmar Ratio Rank: 14
UCC Martin Ratio Rank: 15

GEVG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. GEVG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and Leverage Shares 2X Long GEV Daily ETF (GEVG). 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	GEVG	Difference
Sharpe ratio: Return per unit of total volatility	0.41	—	—
Sortino ratio: Return per unit of downside risk	0.81	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.51	—	—
Martin ratio: Return relative to average drawdown	1.40	—	—

Drawdowns

UCC vs. GEVG - Drawdown Comparison

The maximum UCC drawdown since its inception was -83.05%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for UCC and GEVG.

Drawdown Indicators

	UCC	GEVG	Difference
Max Drawdown Largest peak-to-trough decline	-83.05%	-45.50%	-37.55%
Max Drawdown (1Y) Largest decline over 1 year	-29.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-48.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-61.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-61.77%	—	—
Current Drawdown Current decline from peak	-17.54%	-11.56%	-5.98%
Average Drawdown Average peak-to-trough decline	-21.79%	-11.24%	-10.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.60%	—	—

Volatility

Volatility by Period

	UCC	GEVG	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	27.85%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	36.77%	98.96%	-62.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.82%	98.96%	-55.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.73%	98.96%	-58.23%

UCC vs. GEVG - Expense Ratio Comparison

UCC has a 0.95% expense ratio, which is higher than GEVG's 0.75% expense ratio.

Dividends

UCC vs. GEVG - Dividend Comparison

UCC's dividend yield for the trailing twelve months is around 1.17%, while GEVG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GEVG Leverage Shares 2X Long GEV Daily ETF	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	1.17%	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

Can I hold both UCC and GEVG in my portfolio?

UCC and GEVG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UCC or GEVG?

On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UCC or GEVG?

GEVG is cheaper with a 0.75% expense ratio, compared with 0.95% for UCC.

Which ETF pays a higher dividend yield, UCC or GEVG?

UCC has the higher dividend yield at 1.17%, compared with 0.00% for GEVG.

What is the main difference between UCC and GEVG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for UCC and 0.75% for GEVG.