UCC vs. UTES
UCC (ProShares Ultra Consumer Services) and UTES (Virtus Reaves Utilities ETF) are both exchange-traded funds - UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while UTES is a Utilities Equities fund actively managed by Virtus Investment Partners. UCC is passively managed, while UTES is actively managed. Over the past 10 years, UCC returned 13.99%/yr vs 12.27%/yr for UTES. At a 0.29 correlation, their price movements are largely independent. UCC charges 0.95%/yr vs 0.49%/yr for UTES.
Performance
UCC vs. UTES - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -8.62% return, which is significantly lower than UTES's 0.26% return. Over the past 10 years, UCC has outperformed UTES with an annualized return of 13.99%, while UTES has yielded a comparatively lower 12.27% annualized return.
UCC
- 1D
- 0.57%
- 1M
- -4.37%
- YTD
- -8.62%
- 6M
- -10.29%
- 1Y
- 12.48%
- 3Y*
- 14.37%
- 5Y*
- -0.24%
- 10Y*
- 13.99%
UTES
- 1D
- 1.56%
- 1M
- -0.82%
- YTD
- 0.26%
- 6M
- 0.49%
- 1Y
- 8.95%
- 3Y*
- 22.00%
- 5Y*
- 15.32%
- 10Y*
- 12.27%
UCC vs. UTES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -8.62% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
UTES Virtus Reaves Utilities ETF | 0.26% | 25.71% | 45.35% | -2.46% | 0.80% | 20.74% | -0.30% | 25.48% | 5.14% | 14.21% |
Correlation
The correlation between UCC and UTES is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2015 | 0.29 |
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Return for Risk
UCC vs. UTES — Risk / Return Rank
UCC
UTES
UCC vs. UTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and Virtus Reaves Utilities ETF (UTES). 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 | UTES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.08 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 0.60 | -0.25 |
| Martin ratioReturn relative to average drawdown | 0.97 | 1.32 | -0.36 |
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Drawdowns
UCC vs. UTES - Drawdown Comparison
The maximum UCC drawdown since its inception was -83.05%, which is greater than UTES's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for UCC and UTES.
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Drawdown Indicators
| UCC | UTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -35.39% | -47.66% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -13.88% | -15.26% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -17.62% | -30.39% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -20.40% | -41.37% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -35.39% | -26.38% |
Current DrawdownCurrent decline from peak | -18.41% | -9.10% | -9.31% |
Average DrawdownAverage peak-to-trough decline | -21.80% | -5.53% | -16.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.45% | 6.29% | +4.16% |
Volatility
UCC vs. UTES - Volatility Comparison
ProShares Ultra Consumer Services (UCC) has a higher volatility of 12.41% compared to Virtus Reaves Utilities ETF (UTES) at 7.23%. This indicates that UCC's price experiences larger fluctuations and is considered to be riskier than UTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCC | UTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.41% | 7.23% | +5.18% |
Volatility (6M)Calculated over the trailing 6-month period | 27.05% | 17.05% | +10.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.41% | 21.32% | +15.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.70% | 20.62% | +23.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.68% | 20.17% | +20.51% |
UCC vs. UTES - Expense Ratio Comparison
UCC has a 0.95% expense ratio, which is higher than UTES's 0.49% expense ratio.
Dividends
UCC vs. UTES - Dividend Comparison
UCC's dividend yield for the trailing twelve months is around 1.18%, less than UTES's 1.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UTES Virtus Reaves Utilities ETF | 1.49% | 1.42% | 1.51% | 2.44% | 2.13% | 1.94% | 2.09% | 1.84% | 2.09% | 3.44% | 3.53% | 0.61% |
Frequently Asked Questions
UCC and UTES have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (12.41%) compared to UTES (7.23%). In terms of maximum drawdown, UCC dropped -83.05% vs UTES's -35.39%.
On 10-year performance, UCC leads with 13.99% vs 12.27% for UTES. On fees, UTES is cheaper at 0.49% per year. On volatility, UTES has been the lower-risk option at 7.23%. 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 12.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UTES is cheaper with a 0.49% expense ratio, compared with 0.95% for UCC.
UTES has the higher dividend yield at 1.49%, compared with 1.18% for UCC.
UCC is categorized as Leveraged Equities, while UTES is Utilities Equities. They also come from different issuers: ProShares and Virtus Investment Partners. Their fees differ too: 0.95% for UCC and 0.49% for UTES.
UTES currently has the higher Sharpe Ratio (0.39 vs 0.28), 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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