UCC vs. RXL
UCC (ProShares Ultra Consumer Services) and RXL (ProShares Ultra Health Care) are both Leveraged Equities funds from ProShares - UCC tracks the Dow Jones U.S. Consumer Services Index (200%) while RXL tracks the Dow Jones U.S. Health Care Index (200%). Both are passively managed. Over the past 10 years, UCC returned 14.23%/yr vs 12.77%/yr for RXL. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
UCC vs. RXL - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -10.76% return, which is significantly lower than RXL's -7.67% return. Over the past 10 years, UCC has outperformed RXL with an annualized return of 14.23%, while RXL has yielded a comparatively lower 12.77% annualized return.
UCC
- 1D
- -3.37%
- 1M
- -7.19%
- YTD
- -10.76%
- 6M
- -15.05%
- 1Y
- 10.89%
- 3Y*
- 13.60%
- 5Y*
- -1.20%
- 10Y*
- 14.23%
RXL
- 1D
- 1.82%
- 1M
- 0.50%
- YTD
- -7.67%
- 6M
- -8.46%
- 1Y
- 23.50%
- 3Y*
- 3.77%
- 5Y*
- 1.66%
- 10Y*
- 12.77%
UCC vs. RXL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -10.76% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
RXL ProShares Ultra Health Care | -7.67% | 19.76% | -2.72% | -3.15% | -15.26% | 48.06% | 19.24% | 40.40% | 3.38% | 46.92% |
Correlation
The correlation between UCC and RXL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.57 |
Over the past year, the correlation between UCC and RXL has dropped to 0.29 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.
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Return for Risk
UCC vs. RXL — Risk / Return Rank
UCC
RXL
UCC vs. RXL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and ProShares Ultra Health Care (RXL). 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 | RXL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.15 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 1.11 | -0.73 |
| Martin ratioReturn relative to average drawdown | 1.02 | 2.53 | -1.51 |
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Drawdowns
UCC vs. RXL - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than RXL's maximum drawdown of -67.70%. Use the drawdown chart below to compare losses from any high point for UCC and RXL.
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Drawdown Indicators
| UCC | RXL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -67.70% | -15.35% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -21.33% | -7.81% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -36.08% | -11.93% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -36.08% | -25.69% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -51.00% | -10.77% |
Current DrawdownCurrent decline from peak | -20.32% | -16.09% | -4.23% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -15.85% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.66% | 9.31% | +1.35% |
Volatility
UCC vs. RXL - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 13.04% compared to ProShares Ultra Health Care (RXL) at 10.50%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than RXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | RXL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 10.50% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 27.94% | 21.31% | +6.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.01% | 30.39% | +6.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.85% | 29.74% | +14.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 33.31% | +7.46% |
UCC vs. RXL - Expense Ratio Comparison
Both UCC and RXL have an expense ratio of 0.95%.
Dividends
UCC vs. RXL - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.21%, less than RXL's 1.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.57% | 1.43% | 1.22% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% |
UCC ProShares Ultra Consumer Services | 1.21% | 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 RXL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (13.04%) compared to RXL (10.50%). In terms of maximum drawdown, UCC dropped -83.05% vs RXL's -67.70%.
On 10-year performance, UCC leads with 14.23% vs 12.77% for RXL. Both ETFs have the same 0.95% expense ratio. On volatility, RXL has been the lower-risk option at 10.50%. 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 14.23% return vs 12.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC and RXL have the same expense ratio: 0.95% per year.
RXL has the higher dividend yield at 1.57%, compared with 1.21% for UCC.
UCC tracks Dow Jones U.S. Consumer Services Index (200%), while RXL tracks Dow Jones U.S. Health Care Index (200%).
RXL currently has the higher Sharpe Ratio (0.78 vs 0.30), 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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