URE vs. UCC
URE (ProShares Ultra Real Estate) and UCC (ProShares Ultra Consumer Services) are both exchange-traded funds - URE is a REIT fund tracking the Dow Jones U.S. Real Estate Index (200%), while UCC is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Services Index (200%). Both are passively managed. Over the past 10 years, URE returned 2.00%/yr vs 12.81%/yr for UCC. A 0.54 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
URE vs. UCC - Performance Comparison
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Returns By Period
In the year-to-date period, URE achieves a 24.02% return, which is significantly higher than UCC's -12.08% return. Over the past 10 years, URE has underperformed UCC with an annualized return of 2.00%, while UCC has yielded a comparatively higher 12.81% annualized return.
URE
- 1D
- -0.76%
- 1M
- 7.97%
- 6M
- 13.74%
- YTD
- 24.02%
- 1Y
- 15.74%
- 3Y*
- 8.40%
- 5Y*
- -3.79%
- 10Y*
- 2.00%
- ALL TIME*
- -3.02%
UCC
- 1D
- -1.58%
- 1M
- -4.80%
- 6M
- -15.88%
- YTD
- -12.08%
- 1Y
- -1.65%
- 3Y*
- 10.74%
- 5Y*
- -2.17%
- 10Y*
- 12.81%
- ALL TIME*
- 13.01%
URE vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 24.02% | -3.65% | 0.35% | 11.58% | -49.64% | 88.24% | -28.06% | 57.86% | -13.80% | 16.56% |
UCC ProShares Ultra Consumer Services | -12.08% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
Correlation
The correlation between URE and UCC is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.54 |
Over the past year, the correlation between URE and UCC has dropped to 0.24 - well below their long-term average of 0.54, suggesting their price drivers have been diverging.
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Return for Risk
URE vs. UCC — Risk / Return Rank
URE
UCC
URE vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) 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.
| URE | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | -0.06 | +1.01 |
| Martin ratioReturn relative to average drawdown | 2.31 | -0.14 | +2.45 |
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Drawdowns
URE vs. UCC - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, which is greater than UCC's maximum drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for URE and UCC.
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Drawdown Indicators
| URE | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -83.05% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -29.14% | +12.64% |
Max Drawdown (3Y)Largest decline over 3 years | -33.77% | -48.01% | +14.24% |
Max Drawdown (5Y)Largest decline over 5 years | -63.66% | -61.77% | -1.89% |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | -61.77% | -8.72% |
Current DrawdownCurrent decline from peak | -48.51% | -21.50% | -27.01% |
Average DrawdownAverage peak-to-trough decline | -64.41% | -21.78% | -42.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.83% | 11.57% | -4.74% |
Volatility
URE vs. UCC - Volatility Comparison
The current volatility for ProShares Ultra Real Estate (URE) is 9.37%, while ProShares Ultra Consumer Services (UCC) has a volatility of 10.88%. This indicates that URE 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
| URE | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 10.88% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 22.24% | 28.45% | -6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.49% | 37.40% | -8.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.45% | 43.97% | -6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.67% | 40.78% | -0.11% |
URE vs. UCC - Expense Ratio Comparison
Both URE and UCC have an expense ratio of 0.95%.
Dividends
URE vs. UCC - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 1.97%, more than UCC's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | 1.31% | 1.10% | 0.17% | 0.04% | 0.25% | 0.00% | 0.02% | 0.17% | 0.18% | 0.14% | 0.21% | 0.14% |
URE ProShares Ultra Real Estate | 1.97% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
Frequently Asked Questions
URE and UCC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (10.88%) compared to URE (9.37%). In terms of maximum drawdown, URE dropped -97.16% vs UCC's -83.05%.
On 10-year performance, UCC leads with 12.81% vs 2.00% for URE. Both ETFs have the same 0.95% expense ratio. On volatility, URE has been the lower-risk option at 9.37%. 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 12.81% return vs 2.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URE and UCC have the same expense ratio: 0.95% per year.
URE has the higher dividend yield at 1.97%, compared with 1.31% for UCC.
URE is categorized as REIT, while UCC is Leveraged Equities. URE tracks Dow Jones U.S. Real Estate Index (200%), while UCC tracks Dow Jones U.S. Consumer Services Index (200%).
URE currently has the higher Sharpe Ratio (0.56 vs -0.04), 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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