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UCC vs. UVXY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UCC vs. UVXY

Last updated Jun 4, 2026

UCC (ProShares Ultra Consumer Services) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%), while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 10 years, UCC returned 14.02%/yr vs -72.67%/yr for UVXY. At a correlation of -0.60, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

UCC vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Consumer Services (UCC) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UCC achieves a -8.01% return, which is significantly higher than UVXY's -19.06% return. Over the past 10 years, UCC has outperformed UVXY with an annualized return of 14.02%, while UVXY has yielded a comparatively lower -72.67% 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%

UVXY

1D
-0.24%
1M
-22.10%
YTD
-19.06%
6M
-37.37%
1Y
-72.91%
3Y*
-64.55%
5Y*
-67.90%
10Y*
-72.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UCC vs. UVXY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
UVXY
ProShares Ultra VIX Short-Term Futures ETF		-19.06%-65.32%-50.90%-87.70%-44.81%-88.33%-17.38%-84.23%60.10%-94.17%

Correlation

The correlation between UCC and UVXY is -0.65, 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

-0.65

Correlation (3Y)
Calculated over the trailing 3-year period

-0.64

Correlation (5Y)
Calculated over the trailing 5-year period

-0.66

Correlation (10Y)
Calculated over the trailing 10-year period

-0.61

Correlation (All Time)
Calculated using the full available price history since Oct 5, 2011

-0.60

The correlation between UCC and UVXY has been stable across timeframes, ranging from -0.66 to -0.60 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra Consumer Services

ProShares Ultra VIX Short-Term Futures ETF

Often compared with UCC:
UCC vs. RXLUCC vs. FDISUCC vs. FNGSUCC vs. ROMUCC vs. UPROUCC vs. VGTUCC vs. USD
Often compared with UVXY:
UVXY vs. UVIXUVXY vs. VXXUVXY vs. VIXYUVXY vs. SVXYUVXY vs. SQQQUVXY vs. SPYUVXY vs. SPXS

Return for Risk

UCC vs. UVXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UCC
UCC Risk / Return Rank: 1313
Overall Rank
UCC Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
UCC Sortino Ratio Rank: 1313
Sortino Ratio Rank
UCC Omega Ratio Rank: 1313
Omega Ratio Rank
UCC Calmar Ratio Rank: 1212
Calmar Ratio Rank
UCC Martin Ratio Rank: 1313
Martin Ratio Rank
UVXY
UVXY Risk / Return Rank: 11
Overall Rank
UVXY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
UVXY Sortino Ratio Rank: 11
Sortino Ratio Rank
UVXY Omega Ratio Rank: 11
Omega Ratio Rank
UVXY Calmar Ratio Rank: 11
Calmar Ratio Rank
UVXY Martin Ratio Rank: 22
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UCC vs. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Services (UCC) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.

UCCUVXYDifference
Sharpe ratioReturn per unit of total volatility
0.24
-0.87

+1.10

Sortino ratioReturn per unit of downside risk
0.59
-1.60

+2.19

Omega ratioGain probability vs. loss probability

1.07

0.82

+0.25

Calmar ratioReturn relative to maximum drawdown

0.30

-0.97

+1.27

Martin ratioReturn relative to average drawdown

0.85

-1.31

+2.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UCC vs. UVXY - Sharpe Ratio Comparison

The current UCC Sharpe Ratio is 0.24, which is higher than the UVXY Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of UCC and UVXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UCCUVXYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.24

-0.87

+1.10

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.01

-0.66

+0.67

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.35

-0.64

+0.99

Sharpe Ratio (All Time)

Calculated using the full available price history

0.33

-0.68

+1.01

Drawdowns

UCC vs. UVXY - Drawdown Comparison

The maximum UCC drawdown since its inception was -83.05%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UCC and UVXY.

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Drawdown Indicators

UCCUVXYDifference

Max Drawdown

Largest peak-to-trough decline

-83.05%

-100.00%

+16.95%

Max Drawdown (1Y)

Largest decline over 1 year

-29.14%

-75.22%

+46.08%

Max Drawdown (3Y)

Largest decline over 3 years

-48.01%

-95.45%

+47.44%

Max Drawdown (5Y)

Largest decline over 5 years

-61.77%

-99.68%

+37.91%

Max Drawdown (10Y)

Largest decline over 10 years

-61.77%

-100.00%

+38.23%

Current Drawdown

Current decline from peak

-17.87%

-100.00%

+82.13%

Average Drawdown

Average peak-to-trough decline

-21.81%

-98.55%

+76.74%

Ulcer Index

Depth and duration of drawdowns from previous peaks

10.10%

55.63%

-45.53%

Volatility

UCC vs. UVXY - Volatility Comparison

The current volatility for ProShares Ultra Consumer Services (UCC) is 10.35%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 11.77%. This indicates that UCC experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UCCUVXYDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.35%

11.77%

-1.42%

Volatility (6M)

Calculated over the trailing 6-month period

26.42%

62.64%

-36.22%

Volatility (1Y)

Calculated over the trailing 1-year period

36.21%

84.42%

-48.21%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.60%

103.85%

-60.25%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.62%

113.82%

-73.20%

UCC vs. UVXY - Expense Ratio Comparison

Both UCC and UVXY have an expense ratio of 0.95%.

Dividends

UCC vs. UVXY - Dividend Comparison

UCC's dividend yield for the trailing twelve months is around 1.18%, while UVXY has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
UVXY
ProShares Ultra VIX Short-Term Futures ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

UCC and UVXY have a correlation of -0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UVXY has higher volatility (11.77%) compared to UCC (10.35%). In terms of maximum drawdown, UCC dropped -83.05% vs UVXY's -100.00%.

On 10-year performance, UCC leads with 14.02% vs -72.67% for UVXY. 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 -72.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

UCC and UVXY have the same expense ratio: 0.95% per year.

UCC has the higher dividend yield at 1.18%, compared with 0.00% for UVXY.

UCC is categorized as Leveraged Equities, while UVXY is Volatility. UCC tracks Dow Jones U.S. Consumer Services Index (200%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%).

UCC currently has the higher Sharpe Ratio (0.24 vs -0.87), 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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