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 14.18%/yr vs -73.88%/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
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Returns By Period
In the year-to-date period, UCC achieves a -11.11% return, which is significantly higher than UVXY's -23.04% return. Over the past 10 years, UCC has outperformed UVXY with an annualized return of 14.18%, while UVXY has yielded a comparatively lower -73.88% annualized return.
UCC
- 1D
- 1.66%
- 1M
- -7.55%
- YTD
- -11.11%
- 6M
- -15.61%
- 1Y
- 4.92%
- 3Y*
- 13.45%
- 5Y*
- -1.35%
- 10Y*
- 14.18%
UVXY
- 1D
- -1.25%
- 1M
- -15.98%
- YTD
- -23.04%
- 6M
- -25.05%
- 1Y
- -71.58%
- 3Y*
- -62.12%
- 5Y*
- -66.83%
- 10Y*
- -73.88%
UCC vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | -11.11% | 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 | -23.04% | -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 | -0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | -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 -0.67 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 | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.96 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.83 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | -0.98 | +1.15 |
| Martin ratioReturn relative to average drawdown | 0.46 | -1.42 | +1.88 |
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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% | -72.99% | +43.85% |
Max Drawdown (3Y)Largest decline over 3 years | -48.01% | -94.91% | +46.90% |
Max Drawdown (5Y)Largest decline over 5 years | -61.77% | -99.71% | +37.94% |
Max Drawdown (10Y)Largest decline over 10 years | -61.77% | -100.00% | +38.23% |
Current DrawdownCurrent decline from peak | -20.64% | -100.00% | +79.36% |
Average DrawdownAverage peak-to-trough decline | -21.79% | -98.75% | +76.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.79% | 51.19% | -40.40% |
Volatility
UCC vs. UVXY - Volatility Comparison
The current volatility for ProShares Ultra Consumer Services (UCC) is 13.16%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 25.80%. 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 | 13.16% | 25.80% | -12.64% |
Volatility (6M)Calculated over the trailing 6-month period | 27.87% | 66.21% | -38.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.81% | 85.44% | -48.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.87% | 103.95% | -60.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.76% | 112.37% | -71.61% |
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 1.22%, 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 | 1.22% | 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 (25.80%) compared to UCC (13.16%). In terms of maximum drawdown, UCC dropped -83.05% vs UVXY's -100.00%.
On 10-year performance, UCC leads with 14.18% vs -73.88% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, UCC has been the lower-risk option at 13.16%. 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 14.18% return vs -73.88%. 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 1.22%, 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 (0.13 vs -0.84), 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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