UCC vs. MVV
UCC (ProShares Ultra Consumer Services) and MVV (ProShares Ultra Midcap 400) are both Leveraged Equities funds from ProShares - UCC tracks the Dow Jones U.S. Consumer Services Index (200%) while MVV tracks the S&P MidCap 400 Index (200%). Both are passively managed. Over the past 10 years, UCC returned 13.51%/yr vs 13.38%/yr for MVV. Their 0.72 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.
Performance
UCC vs. MVV - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -7.03% return, which is significantly lower than MVV's 32.75% return. Both investments have delivered pretty close results over the past 10 years, with UCC having a 13.51% annualized return and MVV not far behind at 13.38%.
UCC
- 1D
- 0.04%
- 1M
- 0.72%
- 6M
- -8.61%
- YTD
- -7.03%
- 1Y
- 7.77%
- 3Y*
- 12.77%
- 5Y*
- -0.73%
- 10Y*
- 13.51%
- ALL TIME*
- 13.30%
MVV
- 1D
- 3.56%
- 1M
- 3.16%
- 6M
- 20.90%
- YTD
- 32.75%
- 1Y
- 43.81%
- 3Y*
- 19.23%
- 5Y*
- 8.15%
- 10Y*
- 13.38%
- ALL TIME*
- 11.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $611.80K | $594.80K | $832.24K | |
| $370.01K | $220.92K | $193.13K |
UCC vs. MVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -7.03% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
MVV ProShares Ultra Midcap 400 | 32.75% | 3.48% | 17.75% | 22.51% | -31.96% | 48.57% | 6.20% | 49.50% | -25.44% | 30.81% |
Correlation
The correlation between UCC and MVV is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.72 |
The correlation between UCC and MVV shifts across timeframes, from 0.63 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UCC vs. MVV — Risk / Return Rank
UCC
MVV
UCC vs. MVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and ProShares Ultra Midcap 400 (MVV). 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 | MVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.24 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | 2.49 | -2.22 |
| Martin ratioReturn relative to average drawdown | 0.63 | 8.47 | -7.84 |
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Drawdowns
UCC vs. MVV - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, roughly equal to the maximum MVV drawdown of -85.54%. Use the drawdown chart below to compare losses from any high point for UCC and MVV.
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Drawdown Indicators
| UCC | MVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -85.54% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -17.68% | -11.46% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -44.80% | -3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -45.53% | -16.24% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -69.19% | +7.42% |
Current DrawdownCurrent decline from peak | -16.99% | 0.00% | -16.99% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -20.40% | -1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 5.19% | +7.17% |
Volatility
UCC vs. MVV - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 14.94% compared to ProShares Ultra Midcap 400 (MVV) at 8.10%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than MVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | MVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.94% | 8.10% | +6.84% |
Volatility (6M)Calculated over the trailing 6-month period | 30.50% | 23.48% | +7.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.87% | 31.64% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.27% | 39.52% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.97% | 42.29% | -1.32% |
UCC vs. MVV - Expense Ratio Comparison
Both UCC and MVV have an expense ratio of 0.95%.
Dividends
UCC vs. MVV - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.24%, more than MVV's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MVV ProShares Ultra Midcap 400 | 0.65% | 0.77% | 0.39% | 0.77% | 0.93% | 0.16% | 0.29% | 0.62% | 0.62% | 0.21% | 0.43% | 0.17% |
UCC ProShares Ultra Consumer Services | 1.24% | 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 MVV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (14.94%) compared to MVV (8.10%). In terms of maximum drawdown, UCC dropped -83.05% vs MVV's -85.54%.
On 10-year performance, UCC leads with 13.51% vs 13.38% for MVV. Both ETFs have the same 0.95% expense ratio. On volatility, MVV has been the lower-risk option at 8.10%. 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 13.51% return vs 13.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC and MVV have the same expense ratio: 0.95% per year.
UCC has the higher dividend yield at 1.24%, compared with 0.65% for MVV.
UCC tracks Dow Jones U.S. Consumer Services Index (200%), while MVV tracks S&P MidCap 400 Index (200%).
MVV currently has the higher Sharpe Ratio (1.40 vs 0.20), 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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