UCC vs. SQQQ
UCC (ProShares Ultra Consumer Services) and SQQQ (ProShares UltraPro Short QQQ) are both Leveraged Equities funds from ProShares - UCC tracks the Dow Jones U.S. Consumer Services Index (200%) while SQQQ tracks the NASDAQ-100 Index (-300%). Both are passively managed. Over the past 10 years, UCC returned 13.99%/yr vs -56.24%/yr for SQQQ. At a correlation of -0.76, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
UCC vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -12.57% return, which is significantly higher than SQQQ's -40.31% return. Over the past 10 years, UCC has outperformed SQQQ with an annualized return of 13.99%, while SQQQ has yielded a comparatively lower -56.24% annualized return.
UCC
- 1D
- -2.02%
- 1M
- -9.06%
- YTD
- -12.57%
- 6M
- -16.66%
- 1Y
- 4.44%
- 3Y*
- 12.83%
- 5Y*
- -1.61%
- 10Y*
- 13.99%
SQQQ
- 1D
- 9.83%
- 1M
- -2.27%
- YTD
- -40.31%
- 6M
- -37.80%
- 1Y
- -61.11%
- 3Y*
- -53.86%
- 5Y*
- -46.89%
- 10Y*
- -56.24%
UCC vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -12.57% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
SQQQ ProShares UltraPro Short QQQ | -40.31% | -53.05% | -49.79% | -73.61% | 82.40% | -60.87% | -86.40% | -65.92% | -20.83% | -58.67% |
Correlation
The correlation between UCC and SQQQ is -0.70, 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 | -0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.76 |
The correlation between UCC and SQQQ shifts across timeframes, from -0.82 (5 years) to -0.70 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCC vs. SQQQ — Risk / Return Rank
UCC
SQQQ
UCC vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.78 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | -0.96 | +1.12 |
| Martin ratioReturn relative to average drawdown | 0.41 | -1.81 | +2.23 |
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Drawdowns
UCC vs. SQQQ - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UCC and SQQQ.
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Drawdown Indicators
| UCC | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -100.00% | +16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -63.52% | +34.38% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -92.51% | +44.50% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -97.27% | +35.50% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -99.98% | +38.21% |
Current DrawdownCurrent decline from peak | -21.93% | -100.00% | +78.07% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -92.73% | +70.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.73% | 36.37% | -25.64% |
Volatility
UCC vs. SQQQ - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 13.04%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 26.69%. This indicates that UCC experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 26.69% | -13.65% |
Volatility (6M)Calculated over the trailing 6-month period | 27.83% | 43.33% | -15.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.99% | 53.65% | -16.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.86% | 67.53% | -23.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 66.47% | -25.70% |
UCC vs. SQQQ - Expense Ratio Comparison
Both UCC and SQQQ have an expense ratio of 0.95%.
Dividends
UCC vs. SQQQ - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.24%, less than SQQQ's 11.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 11.44% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% | 0.00% | 0.00% |
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 SQQQ have a correlation of -0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (26.69%) compared to UCC (13.04%). In terms of maximum drawdown, UCC dropped -83.05% vs SQQQ's -100.00%.
On 10-year performance, UCC leads with 13.99% vs -56.24% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, UCC has been the lower-risk option at 13.04%. 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 13.99% return vs -56.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC and SQQQ have the same expense ratio: 0.95% per year.
SQQQ has the higher dividend yield at 11.44%, compared with 1.24% for UCC.
UCC tracks Dow Jones U.S. Consumer Services Index (200%), while SQQQ tracks NASDAQ-100 Index (-300%).
UCC currently has the higher Sharpe Ratio (0.12 vs -1.14), 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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