UPW vs. UGE
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and ProShares Ultra Consumer Goods (UGE).
UPW and UGE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. 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. Both UPW and UGE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UPW vs. UGE - Performance Comparison
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UPW vs. UGE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 14.41% | 23.61% | 37.67% | -22.37% | -4.59% | 32.57% | -17.15% | 48.59% | 2.36% | 22.53% |
UGE ProShares Ultra Consumer Goods | 10.58% | -5.21% | 16.40% | 2.38% | -46.78% | 42.44% | 56.64% | 58.28% | -30.14% | 32.38% |
Returns By Period
In the year-to-date period, UPW achieves a 14.41% return, which is significantly higher than UGE's 10.58% return. Over the past 10 years, UPW has outperformed UGE with an annualized return of 11.18%, while UGE has yielded a comparatively lower 7.86% annualized return.
UPW
- 1D
- -0.37%
- 1M
- -7.21%
- YTD
- 14.41%
- 6M
- 9.25%
- 1Y
- 30.87%
- 3Y*
- 18.27%
- 5Y*
- 12.78%
- 10Y*
- 11.18%
UGE
- 1D
- 0.60%
- 1M
- -16.60%
- YTD
- 10.58%
- 6M
- 8.04%
- 1Y
- -1.93%
- 3Y*
- 3.56%
- 5Y*
- -1.67%
- 10Y*
- 7.86%
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UPW vs. UGE - Expense Ratio Comparison
Both UPW and UGE have an expense ratio of 0.95%.
Return for Risk
UPW vs. UGE — Risk / Return Rank
UPW
UGE
UPW vs. UGE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) and ProShares Ultra Consumer Goods (UGE). 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.
| UPW | UGE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | -0.07 | +1.06 |
Sortino ratioReturn per unit of downside risk | 1.41 | 0.10 | +1.31 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.01 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.78 | 0.05 | +1.73 |
Martin ratioReturn relative to average drawdown | 4.17 | 0.12 | +4.05 |
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
| UPW | UGE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | -0.07 | +1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | -0.05 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.30 | 0.24 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.34 | -0.07 |
Correlation
The correlation between UPW and UGE is 0.48, 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.
Dividends
UPW vs. UGE - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.40%, less than UGE's 2.20% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.40% | 1.67% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% |
UGE ProShares Ultra Consumer Goods | 2.20% | 2.54% | 1.43% | 1.20% | 0.74% | 0.20% | 0.41% | 0.86% | 0.76% | 0.68% | 0.76% | 0.60% |
Drawdowns
UPW vs. UGE - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, which is greater than UGE's maximum drawdown of -71.36%. Use the drawdown chart below to compare losses from any high point for UPW and UGE.
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Drawdown Indicators
| UPW | UGE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.75% | -71.36% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -18.93% | -18.94% | +0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -49.42% | -56.55% | +7.13% |
Max Drawdown (10Y)Largest decline over 10 years | -62.67% | -57.14% | -5.53% |
Current DrawdownCurrent decline from peak | -7.21% | -37.53% | +30.32% |
Average DrawdownAverage peak-to-trough decline | -22.71% | -18.57% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 8.63% | -0.54% |
Volatility
UPW vs. UGE - Volatility Comparison
ProShares Ultra Utilities (UPW) has a higher volatility of 10.16% compared to ProShares Ultra Consumer Goods (UGE) at 8.12%. This indicates that UPW's price experiences larger fluctuations and is considered to be riskier than UGE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPW | UGE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 8.12% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.93% | 18.70% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.45% | 27.76% | +3.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.11% | 31.24% | +2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.07% | 32.98% | +4.09% |