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 7.73%/yr vs 14.07%/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 9.38% return, which is significantly higher than UCC's -7.17% return. Over the past 10 years, UGE has underperformed UCC with an annualized return of 7.73%, while UCC has yielded a comparatively higher 14.07% 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%
UCC
- 1D
- 0.91%
- 1M
- -2.31%
- YTD
- -7.17%
- 6M
- -6.64%
- 1Y
- 10.16%
- 3Y*
- 18.80%
- 5Y*
- 0.60%
- 10Y*
- 14.07%
UGE vs. UCC - 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% |
UCC ProShares Ultra Consumer Services | -7.17% | 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 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
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 5, 2007 | 0.60 |
Over the past year, the correlation between UGE and UCC has dropped to 0.17 - 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.
| UGE | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.08 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.35 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.23 | 1.01 | -1.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UGE | UCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.10 | 0.28 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.01 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.35 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.33 | 0.00 |
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 | -38.21% | -17.12% | -21.09% |
Average DrawdownAverage peak-to-trough decline | -18.74% | -21.80% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.46% | 10.14% | +0.32% |
Volatility
UGE vs. UCC - Volatility Comparison
The current volatility for ProShares Ultra Consumer Goods (UGE) is 7.52%, while ProShares Ultra Consumer Services (UCC) has a volatility of 10.36%. 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 | 7.52% | 10.36% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 26.43% | -6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.97% | 36.20% | -11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.30% | 43.60% | -12.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.07% | 40.61% | -7.54% |
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 2.23%, more than UCC's 1.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | 1.17% | 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 | 2.23% | 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
UGE and UCC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (10.36%) compared to UGE (7.52%). In terms of maximum drawdown, UGE dropped -71.36% vs UCC's -83.05%.
On 10-year performance, UCC leads with 14.07% vs 7.73% for UGE. Both ETFs have the same 0.95% expense ratio. 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.
Over the 10-year period, UCC has performed better with a 14.07% return vs 7.73%. 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 2.23%, compared with 1.17% for UCC.
UGE tracks Dow Jones U.S. Consumer Goods Index (200%), while UCC tracks Dow Jones U.S. Consumer Services Index (200%).
UCC currently has the higher Sharpe Ratio (0.28 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.
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