UCC vs. NRGU
UCC (ProShares Ultra Consumer Services) and NRGU (MicroSectors U.S. Big Oil Index 3X Leveraged ETN) are both Leveraged Equities funds - UCC tracks the Dow Jones U.S. Consumer Services Index (200%) while NRGU tracks the Solactive MicroSectors U.S. Big Oil Index (-300%). Both are passively managed. Over the past year, UCC returned 8.56% vs 156.99% for NRGU. At a 0.07 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
UCC vs. NRGU - 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 NRGU's 129.31% 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%
NRGU
- 1D
- 2.53%
- 1M
- -6.67%
- YTD
- 129.31%
- 6M
- 97.01%
- 1Y
- 156.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UCC vs. NRGU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UCC ProShares Ultra Consumer Services | -8.01% | 3.53% |
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 129.31% | -33.00% |
Correlation
The correlation between UCC and NRGU is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025 | 0.07 |
The correlation between UCC and NRGU shifts across timeframes, from -0.12 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UCC vs. NRGU — Risk / Return Rank
UCC
NRGU
UCC vs. NRGU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU). 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 | NRGU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.30 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 3.95 | -3.66 |
| Martin ratioReturn relative to average drawdown | 0.85 | 9.88 | -9.03 |
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 | NRGU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 2.11 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.45 | -0.12 |
Drawdowns
UCC vs. NRGU - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than NRGU's maximum drawdown of -57.50%. Use the drawdown chart below to compare losses from any high point for UCC and NRGU.
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Drawdown Indicators
| UCC | NRGU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -57.50% | -25.55% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -39.95% | +10.81% |
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 DrawdownCurrent decline from peak | -17.87% | -20.91% | +3.04% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -25.42% | +3.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.10% | 15.96% | -5.86% |
Volatility
UCC vs. NRGU - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 10.35%, while MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) has a volatility of 31.63%. This indicates that UCC experiences smaller price fluctuations and is considered to be less risky than NRGU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | NRGU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 31.63% | -21.28% |
Volatility (6M)Calculated over the trailing 6-month period | 26.42% | 61.27% | -34.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.21% | 75.15% | -38.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.60% | 89.15% | -45.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.62% | 89.15% | -48.53% |
UCC vs. NRGU - Expense Ratio Comparison
Both UCC and NRGU have an expense ratio of 0.95%.
Dividends
UCC vs. NRGU - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.18%, while NRGU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRGU MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 NRGU have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NRGU has higher volatility (31.63%) compared to UCC (10.35%). In terms of maximum drawdown, UCC dropped -83.05% vs NRGU's -57.50%.
On 1-year performance, NRGU leads with 156.99% vs 8.56% for UCC. Both ETFs have the same 0.95% expense ratio. 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 1-year period, NRGU has performed better with a 156.99% return vs 8.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC and NRGU have the same expense ratio: 0.95% per year.
UCC has the higher dividend yield at 1.18%, compared with 0.00% for NRGU.
UCC tracks Dow Jones U.S. Consumer Services Index (200%), while NRGU tracks Solactive MicroSectors U.S. Big Oil Index (-300%). They also come from different issuers: ProShares and BMO.
NRGU currently has the higher Sharpe Ratio (2.11 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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