UGE vs. UVXY
UGE (ProShares Ultra Consumer Goods) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - UGE is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods Index (200%), while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 10 years, UGE returned 8.70%/yr vs -73.88%/yr for UVXY. At a correlation of -0.48, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
UGE vs. UVXY - 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 UVXY's -23.04% return. Over the past 10 years, UGE has outperformed UVXY with an annualized return of 8.70%, while UVXY has yielded a comparatively lower -73.88% 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%
UVXY
- 1D
- -1.25%
- 1M
- -15.98%
- YTD
- -23.04%
- 6M
- -25.05%
- 1Y
- -71.58%
- 3Y*
- -62.12%
- 5Y*
- -66.83%
- 10Y*
- -73.88%
UGE vs. UVXY - 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% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -23.04% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Correlation
The correlation between UGE and UVXY is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | -0.48 |
Over the past year, the inverse relationship between UGE and UVXY has weakened: their correlation has moved from -0.48 to -0.00, meaning they move in opposite directions less often than they have historically.
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Return for Risk
UGE vs. UVXY — Risk / Return Rank
UGE
UVXY
UGE vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Consumer Goods (UGE) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.83 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.23 | -0.98 | +1.21 |
| Martin ratioReturn relative to average drawdown | 0.40 | -1.42 | +1.82 |
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Drawdowns
UGE vs. UVXY - Drawdown Comparison
The maximum UGE drawdown since its inception was -71.36%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UGE and UVXY.
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Drawdown Indicators
| UGE | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.36% | -100.00% | +28.64% |
Max Drawdown (1Y)Largest decline over 1 year | -18.95% | -72.99% | +54.04% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -94.91% | +70.11% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | -99.71% | +43.16% |
Max Drawdown (10Y)Largest decline over 10 years | -57.14% | -100.00% | +42.86% |
Current DrawdownCurrent decline from peak | -34.78% | -100.00% | +65.22% |
Average DrawdownAverage peak-to-trough decline | -18.78% | -98.75% | +79.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.88% | 51.19% | -40.31% |
Volatility
UGE vs. UVXY - Volatility Comparison
The current volatility for ProShares Ultra Consumer Goods (UGE) is 10.37%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 25.80%. This indicates that UGE experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UGE | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.37% | 25.80% | -15.43% |
Volatility (6M)Calculated over the trailing 6-month period | 20.94% | 66.21% | -45.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.98% | 85.44% | -59.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.48% | 103.95% | -72.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 112.37% | -79.25% |
UGE vs. UVXY - Expense Ratio Comparison
Both UGE and UVXY have an expense ratio of 0.95%.
Dividends
UGE vs. UVXY - Dividend Comparison
UGE's dividend yield for the trailing twelve months is around 2.11%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UGE and UVXY have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (25.80%) compared to UGE (10.37%). In terms of maximum drawdown, UGE dropped -71.36% vs UVXY's -100.00%.
On 10-year performance, UGE leads with 8.70% vs -73.88% for UVXY. 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, UGE has performed better with a 8.70% return vs -73.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGE and UVXY have the same expense ratio: 0.95% per year.
UGE has the higher dividend yield at 2.11%, compared with 0.00% for UVXY.
UGE is categorized as Leveraged Equities, while UVXY is Volatility. UGE tracks Dow Jones U.S. Consumer Goods Index (200%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%).
UGE currently has the higher Sharpe Ratio (0.17 vs -0.84), 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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