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 13.51%/yr vs -54.99%/yr for SQQQ. Their -0.75 correlation means they have often moved in opposite directions in the past. 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 -7.03% return, which is significantly higher than SQQQ's -44.29% return. Over the past 10 years, UCC has outperformed SQQQ with an annualized return of 13.51%, while SQQQ has yielded a comparatively lower -54.99% annualized return.
UCC
- 1D
- 0.04%
- 1M
- 0.72%
- 6M
- -8.61%
- YTD
- -7.03%
- 1Y
- 7.77%
- 3Y*
- 12.77%
- 5Y*
- -0.73%
- 10Y*
- 13.51%
- ALL TIME*
- 13.30%
SQQQ
- 1D
- -10.07%
- 1M
- -6.73%
- 6M
- -43.84%
- YTD
- -44.29%
- 1Y
- -57.01%
- 3Y*
- -53.77%
- 5Y*
- -45.76%
- 10Y*
- -54.99%
- ALL TIME*
- -53.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.89B | $2.45B | $2.72B | |
| $370.01K | $220.92K | $193.13K |
UCC vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -7.03% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
SQQQ ProShares UltraPro Short QQQ | -44.29% | -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 -0.67, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.67 |
Correlation (3Y) Balances recent behavior with more history. | -0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | -0.75 |
The correlation between UCC and SQQQ shifts across timeframes, from -0.81 (5 years) to -0.67 (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 | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +2.14 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.83 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.96 | +1.23 |
| Martin ratioReturn relative to average drawdown | 0.63 | -1.70 | +2.33 |
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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% | -59.62% | +30.48% |
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% | -99.97% | +38.20% |
Current DrawdownCurrent decline from peak | -16.99% | -100.00% | +83.01% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -92.78% | +70.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 33.54% | -21.18% |
Volatility
UCC vs. SQQQ - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 14.94%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 23.31%. 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 | 14.94% | 23.31% | -8.37% |
Volatility (6M)Calculated over the trailing 6-month period | 30.50% | 49.25% | -18.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.87% | 58.66% | -19.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.27% | 68.39% | -24.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.97% | 66.84% | -25.87% |
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 10.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 10.72% | 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 -0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (23.31%) compared to UCC (14.94%). In terms of maximum drawdown, UCC dropped -83.05% vs SQQQ's -100.00%.
On 10-year performance, UCC leads with 13.51% vs -54.99% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, UCC has been the lower-risk option at 14.94%. 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 13.51% return vs -54.99%. 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 10.72%, 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 (0.20 vs -0.98), 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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