Correlation
The correlation between UGE and RXL is 0.68, 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.
UGE vs. RXL
Compare and contrast key facts about ProShares Ultra Consumer Goods (UGE) and ProShares Ultra Health Care (RXL).
UGE and RXL 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. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. Both UGE and RXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UGE or RXL.
Performance
UGE vs. RXL - Performance Comparison
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Key characteristics
UGE:
0.32
RXL:
-0.74
UGE:
0.45
RXL:
-0.95
UGE:
1.06
RXL:
0.88
UGE:
0.11
RXL:
-0.71
UGE:
0.65
RXL:
-1.61
UGE:
7.83%
RXL:
15.38%
UGE:
26.96%
RXL:
31.85%
UGE:
-71.36%
RXL:
-66.81%
UGE:
-37.73%
RXL:
-33.95%
Returns By Period
In the year-to-date period, UGE achieves a 4.48% return, which is significantly higher than RXL's -13.17% return. Over the past 10 years, UGE has outperformed RXL with an annualized return of 9.39%, while RXL has yielded a comparatively lower 8.11% annualized return.
UGE
4.48%
0.16%
-3.06%
8.06%
1.65%
14.23%
9.39%
RXL
-13.17%
-11.19%
-21.03%
-22.80%
-5.09%
6.17%
8.11%
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UGE vs. RXL - Expense Ratio Comparison
Both UGE and RXL have an expense ratio of 0.95%.
Risk-Adjusted Performance
UGE vs. RXL — Risk-Adjusted Performance Rank
UGE
RXL
UGE vs. RXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and ProShares Ultra Health Care (RXL). 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.
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Dividends
UGE vs. RXL - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 1.57%, more than RXL's 1.53% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 1.57% | 1.43% | 1.19% | 0.74% | 0.20% | 0.41% | 0.87% | 0.76% | 0.68% | 0.76% | 0.60% | 0.55% |
RXL ProShares Ultra Health Care | 1.53% | 1.21% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% | 0.20% |
Drawdowns
UGE vs. RXL - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, which is greater than RXL's maximum drawdown of -66.81%. Use the drawdown chart below to compare losses from any high point for UGE and RXL.
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Volatility
UGE vs. RXL - Volatility Comparison
The current volatility for ProShares Ultra Consumer Goods (UGE) is 7.52%, while ProShares Ultra Health Care (RXL) has a volatility of 14.62%. This indicates that UGE experiences smaller price fluctuations and is considered to be less risky than RXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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