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 7.19%/yr vs -72.24%/yr for UVXY. At a correlation of -0.47, 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 12.67% return, which is significantly higher than UVXY's -36.79% return. Over the past 10 years, UGE has outperformed UVXY with an annualized return of 7.19%, while UVXY has yielded a comparatively lower -72.24% annualized return.
UGE
- 1D
- -0.58%
- 1M
- -4.56%
- 6M
- 1.07%
- YTD
- 12.67%
- 1Y
- 5.44%
- 3Y*
- 4.85%
- 5Y*
- -2.54%
- 10Y*
- 7.19%
UVXY
- 1D
- -4.58%
- 1M
- -11.87%
- 6M
- -38.65%
- YTD
- -36.79%
- 1Y
- -73.68%
- 3Y*
- -62.59%
- 5Y*
- -68.51%
- 10Y*
- -72.24%
UGE vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UGE ProShares Ultra Consumer Goods | 12.67% | -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 | -36.79% | -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 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.46 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | -0.47 |
The correlation between UGE and UVXY shifts across timeframes, from -0.47 (all time) to 0.01 (1 year), reflecting how their relationship changes across market environments.
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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 | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.82 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | -1.00 | +1.29 |
| Martin ratioReturn relative to average drawdown | 0.48 | -1.49 | +1.98 |
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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% | -73.96% | +55.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.80% | -95.42% | +70.62% |
Max Drawdown (5Y)Largest decline over 5 years | -56.55% | -99.75% | +43.20% |
Max Drawdown (10Y)Largest decline over 10 years | -57.14% | -100.00% | +42.86% |
Current DrawdownCurrent decline from peak | -36.35% | -100.00% | +63.65% |
Average DrawdownAverage peak-to-trough decline | -18.82% | -98.76% | +79.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.28% | 49.34% | -38.06% |
Volatility
UGE vs. UVXY - Volatility Comparison
The current volatility for ProShares Ultra Consumer Goods (UGE) is 10.84%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 19.67%. 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 | 10.84% | 19.67% | -8.83% |
Volatility (6M)Calculated over the trailing 6-month period | 21.58% | 66.82% | -45.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.89% | 85.40% | -58.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.64% | 103.84% | -72.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.12% | 112.02% | -78.90% |
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 2.17%, 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 | 2.17% | 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 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (19.67%) compared to UGE (10.84%). In terms of maximum drawdown, UGE dropped -71.36% vs UVXY's -100.00%.
On 10-year performance, UGE leads with 7.19% vs -72.24% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, UGE has been the lower-risk option at 10.84%. 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 7.19% return vs -72.24%. 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 2.17%, 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 (0.20 vs -0.86), 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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