UCC vs. UVXY
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 13.51%/yr vs -71.00%/yr for UVXY. Their -0.60 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
UCC vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, UCC achieves a -7.03% return, which is significantly higher than UVXY's -35.49% return. Over the past 10 years, UCC has outperformed UVXY with an annualized return of 13.51%, while UVXY has yielded a comparatively lower -71.00% annualized return.
UCC
- 1D
- 0.04%
- 1M
- 0.72%
- 6M
- -8.61%
- YTD
- -7.03%
- 1Y
- 7.77%
- 3Y*
- 12.77%
- 5Y*
- -0.73%
- 10Y*
- 13.51%
- ALL TIME*
- 13.30%
UVXY
- 1D
- 1.09%
- 1M
- -6.53%
- 6M
- -36.87%
- YTD
- -35.49%
- 1Y
- -70.28%
- 3Y*
- -63.63%
- 5Y*
- -67.81%
- 10Y*
- -71.00%
- ALL TIME*
- -80.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $370.01K | $220.92K | $193.13K | |
| $189.58M | $189.56M | $234.35M |
UCC vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -7.03% | 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 | -35.49% | -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 -0.66, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.66 |
Correlation (3Y) Balances recent behavior with more history. | -0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.66 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 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.
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Return for Risk
UCC vs. UVXY — Risk / Return Rank
UCC
UVXY
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.
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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.84 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.99 | +1.25 |
| Martin ratioReturn relative to average drawdown | 0.63 | -1.47 | +2.10 |
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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
| UCC | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.05% | -100.00% | +16.95% |
Max Drawdown (1Y)Largest decline over 1 year | -29.14% | -71.36% | +42.22% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -95.42% | +47.41% |
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 DrawdownCurrent decline from peak | -16.99% | -100.00% | +83.01% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -98.76% | +76.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.36% | 47.86% | -35.50% |
Volatility
UCC vs. UVXY - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 14.94%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 21.98%. 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
| UCC | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.94% | 21.98% | -7.04% |
Volatility (6M)Calculated over the trailing 6-month period | 30.50% | 65.18% | -34.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.87% | 86.32% | -47.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.27% | 103.35% | -59.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.97% | 112.07% | -71.10% |
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 1.24%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | 1.24% | 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 -0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (21.98%) compared to UCC (14.94%). In terms of maximum drawdown, UCC dropped -83.05% vs UVXY's -100.00%.
On 10-year performance, UCC leads with 13.51% vs -71.00% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, UCC has been the lower-risk option at 14.94%. 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 13.51% return vs -71.00%. 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 1.24%, 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 (0.20 vs -0.82), 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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