UCC vs. IAI
UCC (ProShares Ultra Consumer Services) and IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) are both exchange-traded funds - UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while IAI is a Financials Equities fund tracking the DJ US Select / Investment Services. Both are passively managed. Over the past 10 years, UCC returned 13.99%/yr vs 19.37%/yr for IAI. A 0.63 correlation means they provide meaningful diversification when combined. UCC charges 0.95%/yr vs 0.41%/yr for IAI.
Performance
UCC vs. IAI - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -8.62% return, which is significantly lower than IAI's 3.17% return. Over the past 10 years, UCC has underperformed IAI with an annualized return of 13.99%, while IAI has yielded a comparatively higher 19.37% annualized return.
UCC
- 1D
- 0.57%
- 1M
- -4.37%
- YTD
- -8.62%
- 6M
- -10.29%
- 1Y
- 12.48%
- 3Y*
- 14.37%
- 5Y*
- -0.24%
- 10Y*
- 13.99%
IAI
- 1D
- 1.83%
- 1M
- 2.57%
- YTD
- 3.17%
- 6M
- 2.78%
- 1Y
- 21.00%
- 3Y*
- 28.06%
- 5Y*
- 14.44%
- 10Y*
- 19.37%
UCC vs. IAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -8.62% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 3.17% | 25.80% | 34.37% | 15.27% | -10.87% | 40.48% | 18.61% | 24.26% | -9.47% | 28.86% |
Correlation
The correlation between UCC and IAI is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.63 |
The correlation between UCC and IAI shifts across timeframes, from 0.51 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UCC vs. IAI — Risk / Return Rank
UCC
IAI
UCC vs. IAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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 | IAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.18 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 1.17 | -0.82 |
| Martin ratioReturn relative to average drawdown | 0.97 | 3.33 | -2.36 |
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Drawdowns
UCC vs. IAI - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than IAI's maximum drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for UCC and IAI.
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Drawdown Indicators
| UCC | IAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -75.46% | -7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -16.52% | -12.62% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -23.14% | -24.87% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -28.84% | -32.93% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -40.38% | -21.39% |
Current DrawdownCurrent decline from peak | -18.41% | -2.81% | -15.60% |
Average DrawdownAverage peak-to-trough decline | -21.80% | -22.63% | +0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.45% | 5.80% | +4.65% |
Volatility
UCC vs. IAI - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 12.41% compared to iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) at 5.98%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | IAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.41% | 5.98% | +6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 27.05% | 15.34% | +11.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.41% | 19.44% | +16.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.70% | 21.48% | +22.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.68% | 22.85% | +17.83% |
UCC vs. IAI - Expense Ratio Comparison
UCC has a 0.95% expense ratio, which is higher than IAI's 0.41% expense ratio.
Dividends
UCC vs. IAI - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.18%, more than IAI's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF | 1.05% | 0.95% | 1.05% | 1.80% | 2.14% | 1.31% | 1.55% | 1.52% | 1.58% | 1.37% | 1.49% | 1.31% |
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 IAI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (12.41%) compared to IAI (5.98%). In terms of maximum drawdown, UCC dropped -83.05% vs IAI's -75.46%.
On 10-year performance, IAI leads with 19.37% vs 13.99% for UCC. On fees, IAI is cheaper at 0.41% per year. On volatility, IAI has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IAI has performed better with a 19.37% return vs 13.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAI is cheaper with a 0.41% expense ratio, compared with 0.95% for UCC.
UCC has the higher dividend yield at 1.18%, compared with 1.05% for IAI.
UCC is categorized as Leveraged Equities, while IAI is Financials Equities. UCC tracks Dow Jones U.S. Consumer Services Index (200%), while IAI tracks DJ US Select / Investment Services. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for UCC and 0.41% for IAI.
IAI currently has the higher Sharpe Ratio (1.00 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.
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