UGE vs. UCC
UGE (ProShares Ultra Consumer Goods) and UCC (ProShares Ultra Consumer Services) are both Leveraged Equities funds from ProShares - UGE tracks the Dow Jones U.S. Consumer Goods Index (200%) while UCC tracks the Dow Jones U.S. Consumer Services Index (200%). Both are passively managed. Over the past 10 years, UGE returned 8.70%/yr vs 14.18%/yr for UCC. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
UGE vs. UCC - Performance Comparison
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Returns By Period
In the year-to-date period, UGE achieves a 15.44% return, which is significantly higher than UCC's -11.11% return. Over the past 10 years, UGE has underperformed UCC with an annualized return of 8.70%, while UCC has yielded a comparatively higher 14.18% annualized return.
UGE
- 1D
- 0.58%
- 1M
- -1.21%
- YTD
- 15.44%
- 6M
- 14.18%
- 1Y
- 4.33%
- 3Y*
- 6.07%
- 5Y*
- -2.24%
- 10Y*
- 8.70%
UCC
- 1D
- 1.66%
- 1M
- -7.55%
- YTD
- -11.11%
- 6M
- -15.61%
- 1Y
- 4.92%
- 3Y*
- 13.45%
- 5Y*
- -1.35%
- 10Y*
- 14.18%
UGE vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 15.44% | -5.21% | 16.40% | 2.38% | -46.78% | 42.44% | 56.64% | 58.28% | -30.14% | 32.38% |
UCC ProShares Ultra Consumer Services | -11.11% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
Correlation
The correlation between UGE and UCC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.60 |
Over the past year, the correlation between UGE and UCC has dropped to 0.12 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
UGE vs. UCC — Risk / Return Rank
UGE
UCC
UGE vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and ProShares Ultra Consumer Services (UCC). 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 | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.05 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | 0.17 | +0.06 |
| Martin ratioReturn relative to average drawdown | 0.40 | 0.46 | -0.06 |
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Drawdowns
UGE vs. UCC - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, smaller than the maximum UCC drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for UGE and UCC.
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Drawdown Indicators
| UGE | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.36% | -83.05% | +11.69% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -29.14% | +10.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -48.01% | +23.21% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | -61.77% | +5.22% |
Max Drawdown (10Y)Largest decline over 10 years | -57.14% | -61.77% | +4.63% |
Current DrawdownCurrent decline from peak | -34.78% | -20.64% | -14.14% |
Average DrawdownAverage peak-to-trough decline | -18.78% | -21.79% | +3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.88% | 10.79% | +0.09% |
Volatility
UGE vs. UCC - Volatility Comparison
The current volatility for ProShares Ultra Consumer Goods (UGE) is 10.37%, while ProShares Ultra Consumer Services (UCC) has a volatility of 13.16%. This indicates that UGE experiences smaller price fluctuations and is considered to be less risky than UCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGE | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 13.16% | -2.79% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 27.87% | -6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 36.81% | -10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.48% | 43.87% | -12.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 40.76% | -7.64% |
UGE vs. UCC - Expense Ratio Comparison
Both UGE and UCC have an expense ratio of 0.95%.
Dividends
UGE vs. UCC - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 2.11%, more than UCC's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | 1.22% | 1.10% | 0.17% | 0.04% | 0.25% | 0.00% | 0.02% | 0.17% | 0.18% | 0.14% | 0.21% | 0.14% |
UGE ProShares Ultra Consumer Goods | 2.11% | 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 UCC have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (13.16%) compared to UGE (10.37%). In terms of maximum drawdown, UGE dropped -71.36% vs UCC's -83.05%.
On 10-year performance, UCC leads with 14.18% vs 8.70% for UGE. Both ETFs have the same 0.95% expense ratio. On volatility, UGE has been the lower-risk option at 10.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UCC has performed better with a 14.18% return vs 8.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGE and UCC have the same expense ratio: 0.95% per year.
UGE has the higher dividend yield at 2.11%, compared with 1.22% for UCC.
UGE tracks Dow Jones U.S. Consumer Goods Index (200%), while UCC tracks Dow Jones U.S. Consumer Services Index (200%).
UGE currently has the higher Sharpe Ratio (0.17 vs 0.13), 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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