UGE vs. BITO
Compare and contrast key facts about ProShares Ultra Consumer Goods (UGE) and ProShares Bitcoin Strategy ETF (BITO).
UGE and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UGE is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Consumer Goods Index (200%). It was launched on Jan 30, 2007. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
UGE vs. BITO - Performance Comparison
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UGE vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 10.58% | -5.21% | 16.40% | 2.38% | -46.78% | 20.71% |
BITO ProShares Bitcoin Strategy ETF | -23.25% | -11.19% | 104.45% | 137.33% | -63.91% | -31.09% |
Returns By Period
In the year-to-date period, UGE achieves a 10.58% return, which is significantly higher than BITO's -23.25% return.
UGE
- 1D
- 0.60%
- 1M
- -16.60%
- YTD
- 10.58%
- 6M
- 8.04%
- 1Y
- -1.93%
- 3Y*
- 3.56%
- 5Y*
- -1.67%
- 10Y*
- 7.86%
BITO
- 1D
- 1.75%
- 1M
- 2.92%
- YTD
- -23.25%
- 6M
- -41.96%
- 1Y
- -21.48%
- 3Y*
- 24.62%
- 5Y*
- —
- 10Y*
- —
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UGE vs. BITO - Expense Ratio Comparison
Both UGE and BITO have an expense ratio of 0.95%.
Return for Risk
UGE vs. BITO — Risk / Return Rank
UGE
BITO
UGE vs. BITO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and ProShares Bitcoin Strategy ETF (BITO). 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.
| UGE | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | -0.48 | +0.41 |
Sortino ratioReturn per unit of downside risk | 0.10 | -0.43 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.01 | 0.95 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.46 | +0.51 |
Martin ratioReturn relative to average drawdown | 0.12 | -0.97 | +1.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UGE | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | -0.48 | +0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.08 | +0.42 |
Correlation
The correlation between UGE and BITO is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UGE vs. BITO - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 2.20%, less than BITO's 84.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 2.20% | 2.54% | 1.43% | 1.20% | 0.74% | 0.20% | 0.41% | 0.86% | 0.76% | 0.68% | 0.76% | 0.60% |
BITO ProShares Bitcoin Strategy ETF | 84.71% | 78.29% | 61.59% | 15.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UGE vs. BITO - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for UGE and BITO.
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Drawdown Indicators
| UGE | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.36% | -77.86% | +6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -18.94% | -50.05% | +31.11% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.14% | — | — |
Current DrawdownCurrent decline from peak | -37.53% | -47.07% | +9.54% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -36.56% | +17.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.63% | 23.55% | -14.92% |
Volatility
UGE vs. BITO - Volatility Comparison
The current volatility for ProShares Ultra Consumer Goods (UGE) is 8.12%, while ProShares Bitcoin Strategy ETF (BITO) has a volatility of 12.89%. This indicates that UGE experiences smaller price fluctuations and is considered to be less risky than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGE | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 12.89% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 18.70% | 36.69% | -17.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.76% | 45.35% | -17.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.24% | 55.79% | -24.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.98% | 55.79% | -22.81% |