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 14.02%/yr vs -56.01%/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 -8.01% return, which is significantly higher than SQQQ's -45.27% return. Over the past 10 years, UCC has outperformed SQQQ with an annualized return of 14.02%, while SQQQ has yielded a comparatively lower -56.01% annualized 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%
SQQQ
- 1D
- 0.76%
- 1M
- -26.37%
- YTD
- -45.27%
- 6M
- -42.79%
- 1Y
- -65.16%
- 3Y*
- -56.19%
- 5Y*
- -49.17%
- 10Y*
- -56.01%
UCC vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -8.01% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
SQQQ ProShares UltraPro Short QQQ | -45.27% | -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 | -0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 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.
| UCC | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.22 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.72 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.99 | +1.29 |
| Martin ratioReturn relative to average drawdown | 0.85 | -1.82 | +2.67 |
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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | -1.37 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.74 | +0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | -0.85 | +1.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | -0.88 | +1.20 |
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% | -65.95% | +36.81% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -92.38% | +44.37% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -97.23% | +35.46% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -99.98% | +38.21% |
Current DrawdownCurrent decline from peak | -17.87% | -100.00% | +82.13% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -92.40% | +70.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.10% | 35.73% | -25.63% |
Volatility
UCC vs. SQQQ - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 10.35%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 13.75%. 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 | 10.35% | 13.75% | -3.40% |
Volatility (6M)Calculated over the trailing 6-month period | 26.42% | 36.45% | -10.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.21% | 47.79% | -11.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.60% | 66.64% | -23.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.62% | 66.11% | -25.49% |
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 1.18%, less than SQQQ's 12.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SQQQ ProShares UltraPro Short QQQ | 12.48% | 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 | 1.18% | 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 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 (13.75%) compared to UCC (10.35%). In terms of maximum drawdown, UCC dropped -83.05% vs SQQQ's -100.00%.
On 10-year performance, UCC leads with 14.02% vs -56.01% for SQQQ. 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 10-year period, UCC has performed better with a 14.02% return vs -56.01%. 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 12.48%, compared with 1.18% 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 (0.24 vs -1.37), 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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