UGE vs. COST

Last updated Jun 7, 2026

UGE (ProShares Ultra Consumer Goods) is Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods Index (200%), while COST (Costco Wholesale Corporation) is a stock. Over the past 10 years, UGE returned 8.03%/yr vs 22.40%/yr for COST. At a 0.50 correlation, their price movements are largely independent.

Performance

UGE vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Consumer Goods (UGE) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with UGE having a 12.50% return and COST slightly higher at 13.02%. Over the past 10 years, UGE has underperformed COST with an annualized return of 8.03%, while COST has yielded a comparatively higher 22.40% annualized return.

UGE

• 1D: 2.85%
• 1M: -2.22%
• YTD: 12.50%
• 6M: 11.83%
• 1Y: 1.63%
• 3Y*: 6.36%
• 5Y*: -2.34%
• 10Y*: 8.03%

COST

• 1D: -0.05%
• 1M: -3.97%
• YTD: 13.02%
• 6M: 8.93%
• 1Y: -3.70%
• 3Y*: 25.13%
• 5Y*: 21.49%
• 10Y*: 22.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UGE vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UGE ProShares Ultra Consumer Goods	12.50%	-5.21%	16.40%	2.38%	-46.78%	42.44%	56.64%	58.28%	-30.14%	32.38%
COST Costco Wholesale Corporation	13.02%	-5.39%	39.62%	49.00%	-19.05%	51.82%	32.67%	45.70%	10.60%	22.37%

Correlation

The correlation between UGE and COST is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	0.50

The correlation between UGE and COST has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

Return for Risk

UGE vs. COST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UGE

UGE Risk / Return Rank: 11
UGE Sharpe Ratio Rank: 11
UGE Sortino Ratio Rank: 11
UGE Omega Ratio Rank: 11
UGE Calmar Ratio Rank: 11
UGE Martin Ratio Rank: 10

COST

COST Risk / Return Rank: 32
COST Sharpe Ratio Rank: 34
COST Sortino Ratio Rank: 28
COST Omega Ratio Rank: 28
COST Calmar Ratio Rank: 35
COST Martin Ratio Rank: 34

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.

UGE vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and Costco Wholesale Corporation (COST). 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	COST	Difference
Sharpe ratio: Return per unit of total volatility	0.10	-0.18	+0.28
Sortino ratio: Return per unit of downside risk	0.33	-0.12	+0.45
Omega ratio: Gain probability vs. loss probability	1.04	0.99	+0.05
Calmar ratio: Return relative to maximum drawdown	0.14	-0.21	+0.35
Martin ratio: Return relative to average drawdown	0.25	-0.47	+0.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UGE vs. COST - Sharpe Ratio Comparison

The current UGE Sharpe Ratio is 0.10, which is higher than the COST Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of UGE and COST, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UGE	COST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	-0.18	+0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.95	-1.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	1.02	-0.78
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.59	-0.25

Drawdowns

UGE vs. COST - Drawdown Comparison

The maximum UGE drawdown since its inception was -71.36%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for UGE and COST.

Drawdown Indicators

	UGE	COST	Difference
Max Drawdown Largest peak-to-trough decline	-71.36%	-53.39%	-17.97%
Max Drawdown (1Y) Largest decline over 1 year	-18.95%	-16.02%	-2.93%
Max Drawdown (3Y) Largest decline over 3 years	-24.80%	-20.74%	-4.06%
Max Drawdown (5Y) Largest decline over 5 years	-56.55%	-31.40%	-25.15%
Max Drawdown (10Y) Largest decline over 10 years	-57.14%	-31.40%	-25.74%
Current Drawdown Current decline from peak	-36.44%	-11.19%	-25.25%
Average Drawdown Average peak-to-trough decline	-18.74%	-13.36%	-5.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.50%	7.12%	+3.38%

Volatility

UGE vs. COST - Volatility Comparison

ProShares Ultra Consumer Goods (UGE) and Costco Wholesale Corporation (COST) have volatilities of 8.11% and 7.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UGE	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.11%	7.91%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	19.63%	14.83%	+4.80%
Volatility (1Y) Calculated over the trailing 1-year period	25.10%	19.15%	+5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.31%	22.72%	+8.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.09%	21.94%	+11.15%

Dividends

UGE vs. COST - Dividend Comparison

UGE's dividend yield for the trailing twelve months is around 2.17%, more than COST's 0.55% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.55%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
UGE ProShares Ultra Consumer Goods	2.17%	2.54%	1.43%	1.20%	0.74%	0.20%	0.41%	0.86%	0.76%	0.68%	0.76%	0.60%

Frequently Asked Questions

Can I hold both UGE and COST in my portfolio?

UGE and COST have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UGE or COST?

UGE has higher volatility (8.11%) compared to COST (7.91%). In terms of maximum drawdown, UGE dropped -71.36% vs COST's -53.39%.

Which has better risk-adjusted returns?

UGE currently has the higher Sharpe Ratio (0.10 vs -0.18), 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.