UCC vs. NOBL
UCC (ProShares Ultra Consumer Services) and NOBL (ProShares S&P 500 Dividend Aristocrats ETF) are both exchange-traded funds - UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while NOBL is a Dividend fund tracking the S&P 500 Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, UCC returned 14.02%/yr vs 9.51%/yr for NOBL. A 0.62 correlation means they provide meaningful diversification when combined. UCC charges 0.95%/yr vs 0.35%/yr for NOBL.
Performance
UCC vs. NOBL - 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 NOBL's 3.51% return. Over the past 10 years, UCC has outperformed NOBL with an annualized return of 14.02%, while NOBL has yielded a comparatively lower 9.51% 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%
NOBL
- 1D
- -0.17%
- 1M
- 1.01%
- YTD
- 3.51%
- 6M
- 3.45%
- 1Y
- 9.00%
- 3Y*
- 8.01%
- 5Y*
- 5.03%
- 10Y*
- 9.51%
UCC vs. NOBL - 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% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 3.51% | 6.84% | 6.72% | 8.09% | -6.52% | 25.46% | 8.35% | 27.39% | -3.26% | 21.02% |
Correlation
The correlation between UCC and NOBL is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2013 | 0.62 |
The correlation between UCC and NOBL shifts across timeframes, from 0.49 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UCC vs. NOBL — Risk / Return Rank
UCC
NOBL
UCC vs. NOBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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 | NOBL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.14 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 0.99 | -0.70 |
| Martin ratioReturn relative to average drawdown | 0.85 | 2.58 | -1.73 |
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 | NOBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.80 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.35 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.57 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.64 | -0.31 |
Drawdowns
UCC vs. NOBL - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for UCC and NOBL.
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Drawdown Indicators
| UCC | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -35.43% | -47.62% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -9.11% | -20.03% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -15.36% | -32.65% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -17.92% | -43.85% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -35.43% | -26.34% |
Current DrawdownCurrent decline from peak | -17.87% | -5.99% | -11.88% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -3.48% | -18.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.10% | 3.50% | +6.60% |
Volatility
UCC vs. NOBL - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 10.35% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 2.36%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 2.36% | +7.99% |
Volatility (6M)Calculated over the trailing 6-month period | 26.42% | 8.00% | +18.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.21% | 11.33% | +24.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.60% | 14.38% | +29.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.62% | 16.60% | +24.02% |
UCC vs. NOBL - Expense Ratio Comparison
UCC has a 0.95% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Dividends
UCC vs. NOBL - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.18%, less than NOBL's 2.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.12% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
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 NOBL have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (10.35%) compared to NOBL (2.36%). In terms of maximum drawdown, UCC dropped -83.05% vs NOBL's -35.43%.
On 10-year performance, UCC leads with 14.02% vs 9.51% for NOBL. On fees, NOBL is cheaper at 0.35% per year. On volatility, NOBL has been the lower-risk option at 2.36%. 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 9.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NOBL is cheaper with a 0.35% expense ratio, compared with 0.95% for UCC.
NOBL has the higher dividend yield at 2.12%, compared with 1.18% for UCC.
UCC is categorized as Leveraged Equities, while NOBL is Dividend. UCC tracks Dow Jones U.S. Consumer Services Index (200%), while NOBL tracks S&P 500 Dividend Aristocrats Index. Their fees differ too: 0.95% for UCC and 0.35% for NOBL.
NOBL currently has the higher Sharpe Ratio (0.80 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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