UCC vs. O

Last updated Jun 13, 2026

UCC (ProShares Ultra Consumer Services) is Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while O (Realty Income Corporation) is a stock. Over the past 10 years, UCC returned 13.99%/yr vs 4.89%/yr for O. At a 0.36 correlation, their price movements are largely independent.

Performance

UCC vs. O - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Consumer Services (UCC) and Realty Income Corporation (O). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCC achieves a -8.62% return, which is significantly lower than O's 13.70% return. Over the past 10 years, UCC has outperformed O with an annualized return of 13.99%, while O has yielded a comparatively lower 4.89% 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%

O

• 1D: 1.31%
• 1M: 1.67%
• YTD: 13.70%
• 6M: 11.57%
• 1Y: 14.88%
• 3Y*: 6.59%
• 5Y*: 3.49%
• 10Y*: 4.89%

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

UCC vs. O - 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%
O Realty Income Corporation	13.70%	12.20%	-2.11%	-4.55%	-7.38%	23.95%	-11.60%	21.27%	15.94%	3.67%

Correlation

The correlation between UCC and O is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	0.36

Over the past year, the correlation between UCC and O has dropped to 0.06 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.

Return for Risk

UCC vs. O — Risk / Return Rank

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

UCC

UCC Risk / Return Rank: 14
UCC Sharpe Ratio Rank: 14
UCC Sortino Ratio Rank: 15
UCC Omega Ratio Rank: 15
UCC Calmar Ratio Rank: 14
UCC Martin Ratio Rank: 14

O

O Risk / Return Rank: 66
O Sharpe Ratio Rank: 71
O Sortino Ratio Rank: 62
O Omega Ratio Rank: 61
O Calmar Ratio Rank: 68
O Martin Ratio Rank: 69

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. O - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and Realty Income Corporation (O). 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	O	Difference
Sharpe ratio: Return per unit of total volatility	0.28	0.88	-0.60
Sortino ratio: Return per unit of downside risk	0.65	1.26	-0.61
Omega ratio: Gain probability vs. loss probability	1.08	1.15	-0.08
Calmar ratio: Return relative to maximum drawdown	0.35	1.29	-0.94
Martin ratio: Return relative to average drawdown	0.97	3.12	-2.15

UCC vs. O - Sharpe Ratio Comparison

The current UCC Sharpe Ratio is 0.28, which is lower than the O Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of UCC and O, 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. O - Drawdown Comparison

The maximum UCC drawdown since its inception was -83.05%, which is greater than O's maximum drawdown of -48.45%. Use the drawdown chart below to compare losses from any high point for UCC and O.

Drawdown Indicators

	UCC	O	Difference
Max Drawdown Largest peak-to-trough decline	-83.05%	-48.45%	-34.60%
Max Drawdown (1Y) Largest decline over 1 year	-29.14%	-11.10%	-18.04%
Max Drawdown (3Y) Largest decline over 3 years	-48.01%	-26.49%	-21.52%
Max Drawdown (5Y) Largest decline over 5 years	-61.77%	-34.48%	-27.29%
Max Drawdown (10Y) Largest decline over 10 years	-61.77%	-48.28%	-13.49%
Current Drawdown Current decline from peak	-18.41%	-5.94%	-12.47%
Average Drawdown Average peak-to-trough decline	-21.80%	-9.20%	-12.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.45%	4.58%	+5.87%

Volatility

UCC vs. O - Volatility Comparison

ProShares Ultra Consumer Services (UCC) has a higher volatility of 12.41% compared to Realty Income Corporation (O) at 5.29%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than O based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCC	O	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.41%	5.29%	+7.12%
Volatility (6M) Calculated over the trailing 6-month period	27.05%	11.98%	+15.07%
Volatility (1Y) Calculated over the trailing 1-year period	36.41%	16.21%	+20.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.70%	18.92%	+24.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.68%	25.64%	+15.04%

Dividends

UCC vs. O - Dividend Comparison

UCC's dividend yield for the trailing twelve months is around 1.18%, less than O's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
O Realty Income Corporation	5.16%	6.19%	5.37%	5.33%	4.68%	3.87%	4.51%	3.69%	4.19%	4.45%	4.18%	4.41%
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

Can I hold both UCC and O in my portfolio?

UCC and O have a correlation of 0.06, 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 O?

UCC has higher volatility (12.41%) compared to O (5.29%). In terms of maximum drawdown, UCC dropped -83.05% vs O's -48.45%.

Which has better risk-adjusted returns?

O currently has the higher Sharpe Ratio (0.88 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.