UGE vs. ERX
Compare and contrast key facts about ProShares Ultra Consumer Goods (UGE) and Direxion Daily Energy Bull 2X Shares (ERX).
UGE and ERX 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. ERX is a passively managed fund by Direxion that tracks the performance of the Energy Select Sector Index (300%). It was launched on Apr 1, 2020. Both UGE and ERX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UGE vs. ERX - Performance Comparison
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UGE vs. ERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 10.58% | -5.21% | 16.40% | 2.38% | -46.78% | 42.44% | 56.64% | 58.28% | -30.14% | 32.38% |
ERX Direxion Daily Energy Bull 2X Shares | 85.42% | 2.79% | 1.09% | -12.26% | 130.58% | 111.91% | -91.60% | 17.13% | -55.94% | -11.60% |
Returns By Period
In the year-to-date period, UGE achieves a 10.58% return, which is significantly lower than ERX's 85.42% return. Over the past 10 years, UGE has outperformed ERX with an annualized return of 7.86%, while ERX has yielded a comparatively lower -5.60% annualized 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%
ERX
- 1D
- -2.61%
- 1M
- 20.58%
- YTD
- 85.42%
- 6M
- 84.60%
- 1Y
- 61.51%
- 3Y*
- 24.14%
- 5Y*
- 36.55%
- 10Y*
- -5.60%
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UGE vs. ERX - Expense Ratio Comparison
UGE has a 0.95% expense ratio, which is lower than ERX's 1.09% expense ratio.
Return for Risk
UGE vs. ERX — Risk / Return Rank
UGE
ERX
UGE vs. ERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and Direxion Daily Energy Bull 2X Shares (ERX). 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 | ERX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.07 | 1.25 | -1.32 |
Sortino ratioReturn per unit of downside risk | 0.10 | 1.68 | -1.58 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.05 | 1.86 | -1.80 |
Martin ratioReturn relative to average drawdown | 0.12 | 3.79 | -3.67 |
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 | ERX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.07 | 1.25 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.71 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | -0.08 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.08 | +0.42 |
Correlation
The correlation between UGE and ERX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
UGE vs. ERX - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 2.20%, more than ERX's 1.45% 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% |
ERX Direxion Daily Energy Bull 2X Shares | 1.45% | 2.54% | 2.94% | 3.17% | 2.23% | 2.16% | 2.35% | 1.56% | 3.10% | 0.85% | 0.00% | 0.00% |
Drawdowns
UGE vs. ERX - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, smaller than the maximum ERX drawdown of -99.54%. Use the drawdown chart below to compare losses from any high point for UGE and ERX.
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Drawdown Indicators
| UGE | ERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.36% | -99.54% | +28.18% |
Max Drawdown (1Y)Largest decline over 1 year | -18.94% | -35.17% | +16.23% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | -46.90% | -9.65% |
Max Drawdown (10Y)Largest decline over 10 years | -57.14% | -98.59% | +41.45% |
Current DrawdownCurrent decline from peak | -37.53% | -90.64% | +53.11% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -66.77% | +48.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.63% | 17.25% | -8.62% |
Volatility
UGE vs. ERX - Volatility Comparison
The current volatility for ProShares Ultra Consumer Goods (UGE) is 8.12%, while Direxion Daily Energy Bull 2X Shares (ERX) has a volatility of 10.19%. This indicates that UGE experiences smaller price fluctuations and is considered to be less risky than ERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGE | ERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 10.19% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 18.70% | 28.10% | -9.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.76% | 49.61% | -21.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.24% | 52.12% | -20.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.98% | 69.23% | -36.25% |