UCC vs. MSTY

Last updated Jul 16, 2026

UCC (ProShares Ultra Consumer Services) and MSTY (YieldMax™ MSTR Option Income Strategy ETF) are both exchange-traded funds - UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while MSTY is a Derivative Income fund actively managed by YieldMax. UCC is passively managed, while MSTY is actively managed. Over the past year, UCC returned 5.17% vs -72.80% for MSTY. At a 0.40 correlation, their price movements are largely independent. UCC charges 0.95%/yr vs 0.99%/yr for MSTY.

Performance

UCC vs. MSTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Consumer Services (UCC) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCC achieves a -8.35% return, which is significantly higher than MSTY's -32.22% return.

UCC

• 1D: 1.57%
• 1M: -3.07%
• 6M: -12.26%
• YTD: -8.35%
• 1Y: 5.17%
• 3Y*: 10.60%
• 5Y*: -0.94%
• 10Y*: 13.39%

MSTY

• 1D: 0.15%
• 1M: -22.77%
• 6M: -40.72%
• YTD: -32.22%
• 1Y: -72.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UCC vs. MSTY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
UCC ProShares Ultra Consumer Services	-8.35%	2.21%	46.33%
MSTY YieldMax™ MSTR Option Income Strategy ETF	-32.22%	-42.71%	212.16%

Correlation

The correlation between UCC and MSTY is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024	0.40

Return for Risk

UCC vs. MSTY — Risk / Return Rank

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

UCC

UCC Risk / Return Rank: 12
UCC Sharpe Ratio Rank: 12
UCC Sortino Ratio Rank: 12
UCC Omega Ratio Rank: 12
UCC Calmar Ratio Rank: 11
UCC Martin Ratio Rank: 12

MSTY

MSTY Risk / Return Rank: 1
MSTY Sharpe Ratio Rank: 1
MSTY Sortino Ratio Rank: 0
MSTY Omega Ratio Rank: 0
MSTY Calmar Ratio Rank: 1
MSTY Martin Ratio Rank: 2

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. MSTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and YieldMax™ MSTR Option Income Strategy ETF (MSTY). 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	MSTY	Difference
Sharpe ratio: Return per unit of total volatility	0.14	-1.13	+1.27
Sortino ratio: Return per unit of downside risk	0.46	-2.28	+2.74
Omega ratio: Gain probability vs. loss probability	1.05	0.76	+0.30
Calmar ratio: Return relative to maximum drawdown	0.18	-0.94	+1.12
Martin ratio: Return relative to average drawdown	0.45	-1.38	+1.84

UCC vs. MSTY - Sharpe Ratio Comparison

The current UCC Sharpe Ratio is 0.14, which is higher than the MSTY Sharpe Ratio of -1.13. The chart below compares the historical Sharpe Ratios of UCC and MSTY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UCC vs. MSTY - Drawdown Comparison

The maximum UCC drawdown since its inception was -83.05%, which is greater than MSTY's maximum drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for UCC and MSTY.

Drawdown Indicators

	UCC	MSTY	Difference
Max Drawdown Largest peak-to-trough decline	-83.05%	-77.40%	-5.65%
Max Drawdown (1Y) Largest decline over 1 year	-29.14%	-77.40%	+48.26%
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	-18.17%	-73.35%	+55.18%
Average Drawdown Average peak-to-trough decline	-21.78%	-28.16%	+6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.42%	52.60%	-41.18%

Volatility

UCC vs. MSTY - Volatility Comparison

The current volatility for ProShares Ultra Consumer Services (UCC) is 12.15%, while YieldMax™ MSTR Option Income Strategy ETF (MSTY) has a volatility of 23.76%. This indicates that UCC experiences smaller price fluctuations and is considered to be less risky than MSTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCC	MSTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.15%	23.76%	-11.61%
Volatility (6M) Calculated over the trailing 6-month period	28.41%	53.01%	-24.60%
Volatility (1Y) Calculated over the trailing 1-year period	37.29%	64.66%	-27.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.00%	72.27%	-28.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.75%	72.27%	-31.52%

UCC vs. MSTY - Expense Ratio Comparison

UCC has a 0.95% expense ratio, which is lower than MSTY's 0.99% expense ratio.

Dividends

UCC vs. MSTY - Dividend Comparison

UCC's dividend yield for the trailing twelve months is around 1.26%, less than MSTY's 275.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSTY YieldMax™ MSTR Option Income Strategy ETF	275.20%	294.61%	104.56%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UCC ProShares Ultra Consumer Services	1.26%	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 MSTY in my portfolio?

UCC and MSTY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UCC or MSTY?

MSTY has higher volatility (23.76%) compared to UCC (12.15%). In terms of maximum drawdown, UCC dropped -83.05% vs MSTY's -77.40%.

Which ETF is better, UCC or MSTY?

On 1-year performance, UCC leads with 5.17% vs -72.80% for MSTY. On fees, UCC is cheaper at 0.95% per year. On volatility, UCC has been the lower-risk option at 12.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UCC or MSTY?

Over the 1-year period, UCC has performed better with a 5.17% return vs -72.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UCC or MSTY?

UCC is cheaper with a 0.95% expense ratio, compared with 0.99% for MSTY.

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

MSTY has the higher dividend yield at 275.20%, compared with 1.26% for UCC.

What is the main difference between UCC and MSTY?

UCC is categorized as Leveraged Equities, while MSTY is Derivative Income. They also come from different issuers: ProShares and YieldMax. Their fees differ too: 0.95% for UCC and 0.99% for MSTY.

Which has better risk-adjusted returns?

UCC currently has the higher Sharpe Ratio (0.14 vs -1.13), 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.