UCYB vs. LULG
UCYB (ProShares Ultra Nasdaq Cybersecurity) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both Leveraged Equities funds. UCYB is passively managed, while LULG is actively managed. At a 0.26 correlation, their price movements are largely independent. UCYB charges 0.97%/yr vs 0.75%/yr for LULG.
Performance
UCYB vs. LULG - Performance Comparison
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Returns By Period
In the year-to-date period, UCYB achieves a 27.14% return, which is significantly higher than LULG's -75.54% return.
UCYB
- 1D
- -0.13%
- 1M
- -3.95%
- YTD
- 27.14%
- 6M
- 21.84%
- 1Y
- 12.91%
- 3Y*
- 36.10%
- 5Y*
- 10.93%
- 10Y*
- —
LULG
- 1D
- -1.81%
- 1M
- -25.41%
- YTD
- -75.54%
- 6M
- -76.28%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UCYB vs. LULG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UCYB ProShares Ultra Nasdaq Cybersecurity | 27.14% | -11.16% |
LULG Leverage Shares 2X Long LULU Daily ETF | -75.54% | 55.59% |
Correlation
The correlation between UCYB and LULG is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.26 |
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Return for Risk
UCYB vs. LULG — Risk / Return Rank
UCYB
LULG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UCYB vs. LULG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) and Leverage Shares 2X Long LULU Daily ETF (LULG). 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.
| UCYB | LULG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.09 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | — | — |
| Martin ratioReturn relative to average drawdown | 0.65 | — | — |
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Drawdowns
UCYB vs. LULG - Drawdown Comparison
The maximum UCYB drawdown since its inception was -62.69%, smaller than the maximum LULG drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for UCYB and LULG.
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Drawdown Indicators
| UCYB | LULG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.69% | -79.88% | +17.19% |
Max Drawdown (1Y)Largest decline over 1 year | -43.04% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -43.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -62.69% | — | — |
Current DrawdownCurrent decline from peak | -22.60% | -77.35% | +54.75% |
Average DrawdownAverage peak-to-trough decline | -27.38% | -37.21% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.92% | — | — |
Volatility
UCYB vs. LULG - Volatility Comparison
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Volatility by Period
| UCYB | LULG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 43.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.88% | 88.29% | -37.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.24% | 88.29% | -38.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.71% | 88.29% | -38.58% |
UCYB vs. LULG - Expense Ratio Comparison
UCYB has a 0.97% expense ratio, which is higher than LULG's 0.75% expense ratio.
Dividends
UCYB vs. LULG - Dividend Comparison
UCYB's dividend yield for the trailing twelve months is around 1.82%, while LULG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
LULG Leverage Shares 2X Long LULU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UCYB ProShares Ultra Nasdaq Cybersecurity | 1.82% | 1.90% | 2.16% | 0.56% | 0.00% | 0.91% |
Frequently Asked Questions
UCYB and LULG have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LULG is cheaper with a 0.75% expense ratio, compared with 0.97% for UCYB.
UCYB has the higher dividend yield at 1.82%, compared with 0.00% for LULG.
They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.97% for UCYB and 0.75% for LULG.
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