UGE vs. FAI
UGE (ProShares Ultra Consumer Goods) and FAI (First Trust Bloomberg Artificial Intelligence ETF) are both exchange-traded funds - UGE is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods Index (200%), while FAI is a Artificial Intelligence fund tracking the Bloomberg Artificial Intelligence Index. Both are passively managed. Over the past year, UGE returned 9.97% vs 48.02% for FAI. Their -0.25 correlation means they have often moved in opposite directions in the past. UGE charges 0.95%/yr vs 0.65%/yr for FAI.
Performance
UGE vs. FAI - Performance Comparison
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Returns By Period
In the year-to-date period, UGE achieves a 17.97% return, which is significantly lower than FAI's 32.45% return.
UGE
- 1D
- 1.09%
- 1M
- 0.41%
- 6M
- -2.98%
- YTD
- 17.97%
- 1Y
- 9.97%
- 3Y*
- 6.30%
- 5Y*
- -2.42%
- 10Y*
- 8.02%
- ALL TIME*
- 11.27%
FAI
- 1D
- 4.39%
- 1M
- 5.49%
- 6M
- 34.12%
- YTD
- 32.45%
- 1Y
- 48.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 41.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29M | $2.80M | $3.60M | |
| $1.04M | $851.07K | $1.08M |
UGE vs. FAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 17.97% | -5.21% | -3.24% |
FAI First Trust Bloomberg Artificial Intelligence ETF | 32.45% | 33.37% | 2.28% |
Correlation
The correlation between UGE and FAI is -0.38, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024 | -0.25 |
The correlation between UGE and FAI shifts across timeframes, from -0.38 (1 year) to -0.25 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UGE vs. FAI — Risk / Return Rank
UGE
FAI
UGE vs. FAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and First Trust Bloomberg Artificial Intelligence ETF (FAI). 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.
| UGE | FAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.28 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.27 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.53 | 2.56 | -2.03 |
| Martin ratioReturn relative to average drawdown | 0.86 | 6.64 | -5.77 |
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Drawdowns
UGE vs. FAI - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, which is greater than FAI's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for UGE and FAI.
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Drawdown Indicators
| UGE | FAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.36% | -27.82% | -43.54% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -18.84% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -22.81% | — | — |
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 | -33.35% | -5.92% | -27.43% |
Average DrawdownAverage peak-to-trough decline | -18.86% | -5.78% | -13.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.59% | 7.26% | +4.33% |
Volatility
UGE vs. FAI - Volatility Comparison
ProShares Ultra Consumer Goods (UGE) has a higher volatility of 11.70% compared to First Trust Bloomberg Artificial Intelligence ETF (FAI) at 10.83%. This indicates that UGE's price experiences larger fluctuations and is considered to be riskier than FAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGE | FAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.70% | 10.83% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 23.05% | 25.10% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.29% | 29.50% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.87% | 31.48% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.26% | 31.48% | +1.78% |
UGE vs. FAI - Expense Ratio Comparison
UGE has a 0.95% expense ratio, which is higher than FAI's 0.65% expense ratio.
Dividends
UGE vs. FAI - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 2.07%, while FAI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAI First Trust Bloomberg Artificial Intelligence ETF | 0.00% | 0.00% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UGE ProShares Ultra Consumer Goods | 2.07% | 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
UGE and FAI have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGE has higher volatility (11.70%) compared to FAI (10.83%). In terms of maximum drawdown, UGE dropped -71.36% vs FAI's -27.82%.
On 1-year performance, FAI leads with 48.02% vs 9.97% for UGE. On fees, FAI is cheaper at 0.65% per year. On volatility, FAI has been the lower-risk option at 10.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FAI has performed better with a 48.02% return vs 9.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FAI is cheaper with a 0.65% expense ratio, compared with 0.95% for UGE.
UGE has the higher dividend yield at 2.07%, compared with 0.00% for FAI.
UGE is categorized as Leveraged Equities, while FAI is Artificial Intelligence. UGE tracks Dow Jones U.S. Consumer Goods Index (200%), while FAI tracks Bloomberg Artificial Intelligence Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for UGE and 0.65% for FAI.
FAI currently has the higher Sharpe Ratio (1.64 vs 0.35), 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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