UCC vs. TQQQ
UCC (ProShares Ultra Consumer Services) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds from ProShares - UCC tracks the Dow Jones U.S. Consumer Services Index (200%) while TQQQ tracks the NASDAQ-100 Index (300%). Both are passively managed. Over the past 10 years, UCC returned 14.02%/yr vs 45.33%/yr for TQQQ. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
UCC vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -8.01% return, which is significantly lower than TQQQ's 64.46% return. Over the past 10 years, UCC has underperformed TQQQ with an annualized return of 14.02%, while TQQQ has yielded a comparatively higher 45.33% 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%
TQQQ
- 1D
- -0.76%
- 1M
- 33.35%
- YTD
- 64.46%
- 6M
- 55.93%
- 1Y
- 137.89%
- 3Y*
- 69.49%
- 5Y*
- 28.37%
- 10Y*
- 45.33%
UCC vs. TQQQ - 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% |
TQQQ ProShares UltraPro QQQ | 64.46% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between UCC and TQQQ is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| 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 TQQQ shifts across timeframes, from 0.70 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UCC vs. TQQQ — Risk / Return Rank
UCC
TQQQ
UCC vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and ProShares UltraPro QQQ (TQQQ). 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 | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.40 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 3.75 | -3.46 |
| Martin ratioReturn relative to average drawdown | 0.85 | 12.27 | -11.42 |
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 | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 2.92 | -2.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.43 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.69 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.74 | -0.41 |
Drawdowns
UCC vs. TQQQ - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, roughly equal to the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for UCC and TQQQ.
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Drawdown Indicators
| UCC | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -81.66% | -1.39% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -36.97% | +7.83% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -58.04% | +10.03% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -81.66% | +19.89% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -81.66% | +19.89% |
Current DrawdownCurrent decline from peak | -17.87% | -0.76% | -17.11% |
Average DrawdownAverage peak-to-trough decline | -21.81% | -18.52% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.10% | 11.28% | -1.18% |
Volatility
UCC vs. TQQQ - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 10.35%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.29%. This indicates that UCC experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 13.29% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 26.42% | 36.04% | -9.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.21% | 47.60% | -11.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.60% | 66.53% | -22.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.62% | 65.96% | -25.34% |
UCC vs. TQQQ - Expense Ratio Comparison
Both UCC and TQQQ have an expense ratio of 0.95%.
Dividends
UCC vs. TQQQ - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.18%, more than TQQQ's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TQQQ ProShares UltraPro QQQ | 0.36% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
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 TQQQ 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.
TQQQ has higher volatility (13.29%) compared to UCC (10.35%). In terms of maximum drawdown, UCC dropped -83.05% vs TQQQ's -81.66%.
On 10-year performance, TQQQ leads with 45.33% vs 14.02% for UCC. 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, TQQQ has performed better with a 45.33% return vs 14.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC and TQQQ have the same expense ratio: 0.95% per year.
UCC has the higher dividend yield at 1.18%, compared with 0.36% for TQQQ.
UCC tracks Dow Jones U.S. Consumer Services Index (200%), while TQQQ tracks NASDAQ-100 Index (300%).
TQQQ currently has the higher Sharpe Ratio (2.92 vs 0.24), 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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