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 60.21%/yr vs 13.99%/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 86.87% return, which is significantly higher than UCC's -8.62% return. Over the past 10 years, USD has outperformed UCC with an annualized return of 60.21%, while UCC has yielded a comparatively lower 13.99% annualized return.
USD
- 1D
- 2.08%
- 1M
- -1.66%
- YTD
- 86.87%
- 6M
- 97.77%
- 1Y
- 207.86%
- 3Y*
- 111.11%
- 5Y*
- 65.02%
- 10Y*
- 60.21%
UCC
- 1D
- 0.57%
- 1M
- -4.21%
- YTD
- -8.62%
- 6M
- -10.29%
- 1Y
- 10.10%
- 3Y*
- 14.37%
- 5Y*
- -0.24%
- 10Y*
- 13.99%
USD vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 86.87% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
UCC ProShares Ultra Consumer Services | -8.62% | 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 | 0.51 |
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 | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.08 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | 0.35 | +6.23 |
| Martin ratioReturn relative to average drawdown | 18.43 | 0.97 | +17.46 |
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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 | -13.67% | -18.41% | +4.74% |
Average DrawdownAverage peak-to-trough decline | -32.32% | -21.80% | -10.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.34% | 10.45% | +0.89% |
Volatility
USD vs. UCC - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 29.56% compared to ProShares Ultra Consumer Services (UCC) at 12.41%. 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 | 29.56% | 12.41% | +17.15% |
Volatility (6M)Calculated over the trailing 6-month period | 52.44% | 27.05% | +25.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.34% | 36.41% | +28.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.19% | 43.70% | +33.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.61% | 40.68% | +28.93% |
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 0.25%, less than UCC's 1.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | 1.18% | 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 | 0.25% | 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 (29.56%) compared to UCC (12.41%). In terms of maximum drawdown, USD dropped -88.63% vs UCC's -83.05%.
On 10-year performance, USD leads with 60.21% vs 13.99% for UCC. Both ETFs have the same 0.95% expense ratio. On volatility, UCC has been the lower-risk option at 12.41%. 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 60.21% return vs 13.99%. 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 1.18%, compared with 0.25% 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 (3.20 vs 0.28), 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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