USD vs. UCC
USD (ProShares Ultra Semiconductors) and UCC (ProShares Ultra Consumer Services) are both Leveraged Equities funds from ProShares - USD tracks the Dow Jones U.S. Semiconductors Index (200%) while UCC tracks the Dow Jones U.S. Consumer Services Index (200%). Both are passively managed. Over the past 10 years, USD returned 55.50%/yr vs 12.81%/yr for UCC. A 0.60 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
USD vs. UCC - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 58.94% return, which is significantly higher than UCC's -12.08% return. Over the past 10 years, USD has outperformed UCC with an annualized return of 55.50%, while UCC has yielded a comparatively lower 12.81% annualized return.
USD
- 1D
- 1.19%
- 1M
- -23.32%
- 6M
- 44.94%
- YTD
- 58.94%
- 1Y
- 100.99%
- 3Y*
- 97.07%
- 5Y*
- 57.89%
- 10Y*
- 55.50%
- ALL TIME*
- 28.48%
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%
USD vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 58.94% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
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 USD and UCC is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.60 |
Over the past year, the correlation between USD and UCC has dropped to 0.37 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
USD vs. UCC — Risk / Return Rank
USD
UCC
USD vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.
| USD | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.02 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.19 | -0.06 | +3.25 |
| Martin ratioReturn relative to average drawdown | 8.07 | -0.14 | +8.22 |
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Drawdowns
USD vs. UCC - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than UCC's maximum drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for USD and UCC.
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Drawdown Indicators
| USD | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -83.05% | -5.58% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -29.14% | -2.66% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -48.01% | -16.45% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -61.77% | -16.08% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -61.77% | -16.08% |
Current DrawdownCurrent decline from peak | -26.57% | -21.50% | -5.07% |
Average DrawdownAverage peak-to-trough decline | -32.24% | -21.78% | -10.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.55% | 11.57% | +0.98% |
Volatility
USD vs. UCC - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 29.84% compared to ProShares Ultra Consumer Services (UCC) at 10.88%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier 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
| USD | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.84% | 10.88% | +18.96% |
Volatility (6M)Calculated over the trailing 6-month period | 58.46% | 28.45% | +30.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.29% | 37.40% | +33.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.30% | 43.97% | +34.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.12% | 40.78% | +29.34% |
USD vs. UCC - Expense Ratio Comparison
Both USD and UCC have an expense ratio of 0.95%.
Dividends
USD vs. UCC - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.36%, less 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% |
USD ProShares Ultra Semiconductors | 0.36% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
USD and UCC have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.84%) compared to UCC (10.88%). In terms of maximum drawdown, USD dropped -88.63% vs UCC's -83.05%.
On 10-year performance, USD leads with 55.50% vs 12.81% for UCC. Both ETFs have the same 0.95% expense ratio. On volatility, UCC has been the lower-risk option at 10.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 55.50% return vs 12.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USD and UCC have the same expense ratio: 0.95% per year.
UCC has the higher dividend yield at 1.31%, compared with 0.36% for USD.
USD tracks Dow Jones U.S. Semiconductors Index (200%), while UCC tracks Dow Jones U.S. Consumer Services Index (200%).
USD currently has the higher Sharpe Ratio (1.43 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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