UGE vs. SOXL

Last updated Jun 5, 2026

UGE (ProShares Ultra Consumer Goods) and SOXL (Direxion Daily Semiconductor Bull 3X ETF) are both Leveraged Equities funds - UGE tracks the Dow Jones U.S. Consumer Goods Index (200%) while SOXL tracks the ICE Semiconductor Index. Both are passively managed. Over the past 10 years, UGE returned 7.73%/yr vs 64.43%/yr for SOXL. At a 0.43 correlation, their price movements are largely independent. UGE charges 0.95%/yr vs 0.75%/yr for SOXL.

Performance

UGE vs. SOXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Consumer Goods (UGE) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UGE achieves a 9.38% return, which is significantly lower than SOXL's 525.03% return. Over the past 10 years, UGE has underperformed SOXL with an annualized return of 7.73%, while SOXL has yielded a comparatively higher 64.43% annualized return.

UGE

• 1D: -0.22%
• 1M: -4.94%
• YTD: 9.38%
• 6M: 8.65%
• 1Y: -2.38%
• 3Y*: 4.97%
• 5Y*: -2.89%
• 10Y*: 7.73%

SOXL

• 1D: -6.36%
• 1M: 82.23%
• YTD: 525.03%
• 6M: 481.71%
• 1Y: 1,280.87%
• 3Y*: 133.82%
• 5Y*: 46.78%
• 10Y*: 64.43%

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

UGE vs. SOXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UGE ProShares Ultra Consumer Goods	9.38%	-5.21%	16.40%	2.38%	-46.78%	42.44%	56.64%	58.28%	-30.14%	32.38%
SOXL Direxion Daily Semiconductor Bull 3X ETF	525.03%	54.91%	-12.31%	226.98%	-85.66%	118.84%	70.04%	231.83%	-39.07%	141.71%

Correlation

The correlation between UGE and SOXL is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Mar 12, 2010	0.43

The correlation between UGE and SOXL shifts across timeframes, from -0.14 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

UGE vs. SOXL - Sectors Allocation Comparison

Sectors	UGE	SOXL
Consumer Defensive	99.0%	-
Consumer Cyclical	1.0%	-
Basic Materials	-	-
Communication Services	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	100.0%
Utilities	-	-

Return for Risk

UGE vs. SOXL — Risk / Return Rank

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

UGE

UGE Risk / Return Rank: 8
UGE Sharpe Ratio Rank: 8
UGE Sortino Ratio Rank: 8
UGE Omega Ratio Rank: 8
UGE Calmar Ratio Rank: 8
UGE Martin Ratio Rank: 8

SOXL

SOXL Risk / Return Rank: 97
SOXL Sharpe Ratio Rank: 100
SOXL Sortino Ratio Rank: 95
SOXL Omega Ratio Rank: 94
SOXL Calmar Ratio Rank: 99
SOXL Martin Ratio Rank: 99

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. SOXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and Direxion Daily Semiconductor Bull 3X ETF (SOXL). 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	SOXL	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	12.69	-12.78
Sortino ratio: Return per unit of downside risk	0.04	4.98	-4.94
Omega ratio: Gain probability vs. loss probability	1.00	1.69	-0.68
Calmar ratio: Return relative to maximum drawdown	-0.13	29.80	-29.92
Martin ratio: Return relative to average drawdown	-0.23	102.14	-102.36
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. SOXL - Sharpe Ratio Comparison

The current UGE Sharpe Ratio is -0.10, which is lower than the SOXL Sharpe Ratio of 12.69. The chart below compares the historical Sharpe Ratios of UGE and SOXL, 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	SOXL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	12.69	-12.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.44	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.65	-0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.51	-0.18

Drawdowns

UGE vs. SOXL - Drawdown Comparison

The maximum UGE drawdown since its inception was -71.36%, smaller than the maximum SOXL drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for UGE and SOXL.

Drawdown Indicators

	UGE	SOXL	Difference
Max Drawdown Largest peak-to-trough decline	-71.36%	-90.46%	+19.10%
Max Drawdown (1Y) Largest decline over 1 year	-18.95%	-43.47%	+24.52%
Max Drawdown (3Y) Largest decline over 3 years	-24.80%	-87.88%	+63.08%
Max Drawdown (5Y) Largest decline over 5 years	-56.55%	-90.46%	+33.91%
Max Drawdown (10Y) Largest decline over 10 years	-57.14%	-90.46%	+33.32%
Current Drawdown Current decline from peak	-38.21%	-6.36%	-31.85%
Average Drawdown Average peak-to-trough decline	-18.74%	-35.01%	+16.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.46%	12.66%	-2.20%

Volatility

UGE vs. SOXL - Volatility Comparison

The current volatility for ProShares Ultra Consumer Goods (UGE) is 7.52%, while Direxion Daily Semiconductor Bull 3X ETF (SOXL) has a volatility of 41.05%. This indicates that UGE experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UGE	SOXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.52%	41.05%	-33.53%
Volatility (6M) Calculated over the trailing 6-month period	19.44%	81.57%	-62.13%
Volatility (1Y) Calculated over the trailing 1-year period	24.97%	102.16%	-77.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.30%	107.25%	-75.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.07%	99.05%	-65.98%

UGE vs. SOXL - Expense Ratio Comparison

UGE has a 0.95% expense ratio, which is higher than SOXL's 0.75% expense ratio.

Dividends

UGE vs. SOXL - Dividend Comparison

UGE's dividend yield for the trailing twelve months is around 2.23%, more than SOXL's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SOXL Direxion Daily Semiconductor Bull 3X ETF	0.03%	0.34%	1.18%	0.51%	1.07%	0.04%	0.05%	0.38%	1.30%	0.09%	4.84%	0.00%
UGE ProShares Ultra Consumer Goods	2.23%	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 SOXL in my portfolio?

UGE and SOXL have a correlation of -0.14, 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 SOXL?

SOXL has higher volatility (41.05%) compared to UGE (7.52%). In terms of maximum drawdown, UGE dropped -71.36% vs SOXL's -90.46%.

Which ETF is better, UGE or SOXL?

On 10-year performance, SOXL leads with 64.43% vs 7.73% for UGE. On fees, SOXL is cheaper at 0.75% per year. On volatility, UGE has been the lower-risk option at 7.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UGE or SOXL?

Over the 10-year period, SOXL has performed better with a 64.43% return vs 7.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UGE or SOXL?

SOXL is cheaper with a 0.75% expense ratio, compared with 0.95% for UGE.

Which ETF pays a higher dividend yield, UGE or SOXL?

UGE has the higher dividend yield at 2.23%, compared with 0.03% for SOXL.

What is the main difference between UGE and SOXL?

UGE tracks Dow Jones U.S. Consumer Goods Index (200%), while SOXL tracks ICE Semiconductor Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for UGE and 0.75% for SOXL.

Which has better risk-adjusted returns?

SOXL currently has the higher Sharpe Ratio (12.69 vs -0.10), 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.