Correlation
The correlation between UGE and SPY 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. SPY
Compare and contrast key facts about ProShares Ultra Consumer Goods (UGE) and SPDR S&P 500 ETF (SPY).
UGE and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UGE and SPY 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 SPY.
Performance
UGE vs. SPY - Performance Comparison
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Key characteristics
UGE:
0.54
SPY:
0.70
UGE:
0.87
SPY:
1.02
UGE:
1.11
SPY:
1.15
UGE:
0.30
SPY:
0.68
UGE:
1.71
SPY:
2.57
UGE:
7.87%
SPY:
4.93%
UGE:
26.96%
SPY:
20.42%
UGE:
-71.36%
SPY:
-55.19%
UGE:
-35.68%
SPY:
-3.55%
Returns By Period
In the year-to-date period, UGE achieves a 7.93% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, UGE has underperformed SPY with an annualized return of 9.80%, while SPY has yielded a comparatively higher 12.73% annualized return.
UGE
7.93%
3.41%
-2.89%
11.24%
-1.27%
13.36%
9.80%
SPY
0.87%
5.54%
-1.56%
13.18%
14.25%
15.81%
12.73%
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UGE vs. SPY - Expense Ratio Comparison
UGE has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
UGE vs. SPY — Risk-Adjusted Performance Rank
UGE
SPY
UGE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 1.52%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 1.52% | 1.43% | 1.19% | 0.74% | 0.20% | 0.41% | 0.87% | 0.76% | 0.68% | 0.76% | 0.60% | 0.55% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
UGE vs. SPY - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UGE and SPY.
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Volatility
UGE vs. SPY - Volatility Comparison
ProShares Ultra Consumer Goods (UGE) has a higher volatility of 7.62% compared to SPDR S&P 500 ETF (SPY) at 4.86%. This indicates that UGE's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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