UCC vs. UGE
UCC (ProShares Ultra Consumer Services) and UGE (ProShares Ultra Consumer Goods) are both Leveraged Equities funds from ProShares - UCC tracks the Dow Jones U.S. Consumer Services Index (200%) while UGE tracks the Dow Jones U.S. Consumer Goods Index (200%). Both are passively managed. Over the past 10 years, UCC returned 14.23%/yr vs 8.20%/yr for UGE. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
UCC vs. UGE - 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 UGE's 10.22% return. Over the past 10 years, UCC has outperformed UGE with an annualized return of 14.23%, while UGE has yielded a comparatively lower 8.20% 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%
UGE
- 1D
- -1.79%
- 1M
- -5.67%
- YTD
- 10.22%
- 6M
- 9.73%
- 1Y
- 1.75%
- 3Y*
- 4.45%
- 5Y*
- -2.29%
- 10Y*
- 8.20%
UCC vs. UGE - 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% |
UGE ProShares Ultra Consumer Goods | 10.22% | -5.21% | 16.40% | 2.38% | -46.78% | 42.44% | 56.64% | 58.28% | -30.14% | 32.38% |
Correlation
The correlation between UCC and UGE is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.60 |
Over the past year, the correlation between UCC and UGE has dropped to 0.13 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
UCC vs. UGE — Risk / Return Rank
UCC
UGE
UCC vs. UGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and ProShares Ultra Consumer Goods (UGE). 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 | UGE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.03 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.09 | +0.28 |
| Martin ratioReturn relative to average drawdown | 1.02 | 0.16 | +0.86 |
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Drawdowns
UCC vs. UGE - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than UGE's maximum drawdown of -71.36%. Use the drawdown chart below to compare losses from any high point for UCC and UGE.
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Drawdown Indicators
| UCC | UGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -71.36% | -11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -18.95% | -10.19% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -24.80% | -23.21% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -56.55% | -5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -57.14% | -4.63% |
Current DrawdownCurrent decline from peak | -20.32% | -37.73% | +17.41% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -18.77% | -3.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.66% | 10.82% | -0.16% |
Volatility
UCC vs. UGE - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 13.04% compared to ProShares Ultra Consumer Goods (UGE) at 9.62%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than UGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | UGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 9.62% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 27.94% | 20.62% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.01% | 25.79% | +11.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.85% | 31.44% | +12.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.77% | 33.16% | +7.61% |
UCC vs. UGE - Expense Ratio Comparison
Both UCC and UGE have an expense ratio of 0.95%.
Dividends
UCC vs. UGE - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.21%, less than UGE's 2.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UGE ProShares Ultra Consumer Goods | 2.21% | 2.54% | 1.43% | 1.20% | 0.74% | 0.20% | 0.41% | 0.86% | 0.76% | 0.68% | 0.76% | 0.60% |
Frequently Asked Questions
UCC and UGE have a correlation of 0.13, 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 UGE (9.62%). In terms of maximum drawdown, UCC dropped -83.05% vs UGE's -71.36%.
On 10-year performance, UCC leads with 14.23% vs 8.20% for UGE. Both ETFs have the same 0.95% expense ratio. On volatility, UGE has been the lower-risk option at 9.62%. 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 8.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UCC and UGE have the same expense ratio: 0.95% per year.
UGE has the higher dividend yield at 2.21%, compared with 1.21% for UCC.
UCC tracks Dow Jones U.S. Consumer Services Index (200%), while UGE tracks Dow Jones U.S. Consumer Goods Index (200%).
UCC currently has the higher Sharpe Ratio (0.30 vs 0.07), 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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