UCC vs. GUSH
UCC (ProShares Ultra Consumer Services) and GUSH (Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares) are both Leveraged Equities funds - UCC tracks the Dow Jones U.S. Consumer Services Index (200%) while GUSH tracks the S&P Oil & Gas Exploration & Production Select Industry Index (300%). Both are passively managed. Over the past 10 years, UCC returned 14.02%/yr vs -36.44%/yr for GUSH. At a 0.30 correlation, their price movements are largely independent. UCC charges 0.95%/yr vs 1.17%/yr for GUSH.
Performance
UCC vs. GUSH - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -8.01% return, which is significantly lower than GUSH's 73.56% return. Over the past 10 years, UCC has outperformed GUSH with an annualized return of 14.02%, while GUSH has yielded a comparatively lower -36.44% annualized return.
UCC
- 1D
- -1.54%
- 1M
- -2.42%
- YTD
- -8.01%
- 6M
- -8.22%
- 1Y
- 8.56%
- 3Y*
- 18.68%
- 5Y*
- 0.42%
- 10Y*
- 14.02%
GUSH
- 1D
- 2.27%
- 1M
- -12.07%
- YTD
- 73.56%
- 6M
- 49.07%
- 1Y
- 75.56%
- 3Y*
- 13.02%
- 5Y*
- 11.54%
- 10Y*
- -36.44%
UCC vs. GUSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -8.01% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 73.56% | -19.39% | -12.73% | -7.23% | 66.47% | 129.94% | -97.38% | -52.68% | -74.28% | -40.21% |
Correlation
The correlation between UCC and GUSH is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2015 | 0.30 |
The correlation between UCC and GUSH shifts across timeframes, from -0.11 (1 year) to 0.30 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
UCC vs. GUSH — Risk / Return Rank
UCC
GUSH
UCC vs. GUSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH). 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.
| UCC | GUSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.23 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 2.62 | -2.33 |
| Martin ratioReturn relative to average drawdown | 0.85 | 6.06 | -5.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UCC | GUSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 1.37 | -1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.17 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | -0.39 | +0.74 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | -0.44 | +0.76 |
Drawdowns
UCC vs. GUSH - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, smaller than the maximum GUSH drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for UCC and GUSH.
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Drawdown Indicators
| UCC | GUSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -99.98% | +16.93% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -28.94% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -63.59% | +15.58% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -73.64% | +11.87% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -99.94% | +38.17% |
Current DrawdownCurrent decline from peak | -17.87% | -99.79% | +81.92% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -92.92% | +71.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.10% | 12.52% | -2.42% |
Volatility
UCC vs. GUSH - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 10.35%, while Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares (GUSH) has a volatility of 20.17%. This indicates that UCC experiences smaller price fluctuations and is considered to be less risky than GUSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | GUSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 20.17% | -9.82% |
Volatility (6M)Calculated over the trailing 6-month period | 26.42% | 43.47% | -17.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.21% | 55.62% | -19.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.60% | 68.21% | -24.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.62% | 93.72% | -53.10% |
UCC vs. GUSH - Expense Ratio Comparison
UCC has a 0.95% expense ratio, which is lower than GUSH's 1.17% expense ratio.
Dividends
UCC vs. GUSH - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.18%, less than GUSH's 1.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GUSH Direxion Daily S&P Oil & Gas Exploration & Production Bull 2x Shares | 1.44% | 2.60% | 2.96% | 3.00% | 0.47% | 0.00% | 0.20% | 1.68% | 0.17% | 0.00% | 3.26% | 0.00% |
UCC ProShares Ultra Consumer Services | 1.18% | 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 GUSH have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUSH has higher volatility (20.17%) compared to UCC (10.35%). In terms of maximum drawdown, UCC dropped -83.05% vs GUSH's -99.98%.
On 10-year performance, UCC leads with 14.02% vs -36.44% for GUSH. On fees, UCC is cheaper at 0.95% per year. On volatility, UCC has been the lower-risk option at 10.35%. 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 14.02% return vs -36.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC is cheaper with a 0.95% expense ratio, compared with 1.17% for GUSH.
GUSH has the higher dividend yield at 1.44%, compared with 1.18% for UCC.
UCC tracks Dow Jones U.S. Consumer Services Index (200%), while GUSH tracks S&P Oil & Gas Exploration & Production Select Industry Index (300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for UCC and 1.17% for GUSH.
GUSH currently has the higher Sharpe Ratio (1.37 vs 0.24), 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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