UWM vs. UCC
UWM (ProShares Ultra Russell2000) and UCC (ProShares Ultra Consumer Services) are both Leveraged Equities funds from ProShares - UWM tracks the Russell 2000 Index (200%) while UCC tracks the Dow Jones U.S. Consumer Services Index (200%). Both are passively managed. Over the past 10 years, UWM returned 11.84%/yr vs 13.77%/yr for UCC. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
UWM vs. UCC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UWM achieves a 28.31% return, which is significantly higher than UCC's -10.31% return. Over the past 10 years, UWM has underperformed UCC with an annualized return of 11.84%, while UCC has yielded a comparatively higher 13.77% annualized return.
UWM
- 1D
- 1.69%
- 1M
- -0.87%
- YTD
- 28.31%
- 6M
- 23.79%
- 1Y
- 67.60%
- 3Y*
- 22.44%
- 5Y*
- 0.46%
- 10Y*
- 11.84%
UCC
- 1D
- 0.47%
- 1M
- -8.32%
- YTD
- -10.31%
- 6M
- -7.92%
- 1Y
- 9.31%
- 3Y*
- 15.68%
- 5Y*
- -0.16%
- 10Y*
- 13.77%
UWM vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWM ProShares Ultra Russell2000 | 28.31% | 13.59% | 11.32% | 22.62% | -43.69% | 23.91% | 16.57% | 48.62% | -25.89% | 26.92% |
UCC ProShares Ultra Consumer Services | -10.31% | 2.21% | 44.24% | 61.67% | -57.59% | 20.92% | 46.55% | 53.76% | -4.94% | 42.05% |
Correlation
The correlation between UWM and UCC is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2007 | 0.71 |
The correlation between UWM and UCC has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UWM vs. UCC — Risk / Return Rank
UWM
UCC
UWM vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) 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.
| UWM | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.07 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 0.32 | +2.73 |
| Martin ratioReturn relative to average drawdown | 10.39 | 0.91 | +9.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UWM | UCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.76 | 0.26 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | -0.00 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.26 | 0.34 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.32 | -0.18 |
Drawdowns
UWM vs. UCC - Drawdown Comparison
The maximum UWM drawdown since its inception was -88.21%, which is greater than UCC's maximum drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for UWM and UCC.
Loading charts...
Drawdown Indicators
| UWM | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.21% | -83.05% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -22.28% | -29.14% | +6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -49.79% | -48.01% | -1.78% |
Max Drawdown (5Y)Largest decline over 5 years | -61.62% | -61.77% | +0.15% |
Max Drawdown (10Y)Largest decline over 10 years | -71.46% | -61.77% | -9.69% |
Current DrawdownCurrent decline from peak | -6.15% | -19.92% | +13.77% |
Average DrawdownAverage peak-to-trough decline | -30.87% | -21.80% | -9.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.52% | 10.25% | -3.73% |
Volatility
UWM vs. UCC - Volatility Comparison
ProShares Ultra Russell2000 (UWM) has a higher volatility of 13.04% compared to ProShares Ultra Consumer Services (UCC) at 10.52%. This indicates that UWM'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.
Loading charts...
Volatility by Period
| UWM | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 10.52% | +2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 27.80% | 26.62% | +1.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.72% | 36.03% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.12% | 43.62% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.14% | 40.65% | +5.49% |
UWM vs. UCC - Expense Ratio Comparison
Both UWM and UCC have an expense ratio of 0.95%.
Dividends
UWM vs. UCC - Dividend Comparison
UWM's dividend yield for the trailing twelve months is around 0.80%, less than UCC's 1.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCC ProShares Ultra Consumer Services | 1.21% | 1.10% | 0.17% | 0.04% | 0.25% | 0.00% | 0.02% | 0.17% | 0.18% | 0.14% | 0.21% | 0.14% |
UWM ProShares Ultra Russell2000 | 0.80% | 1.05% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.27% | 0.23% |
Frequently Asked Questions
UWM and UCC have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UWM has higher volatility (13.04%) compared to UCC (10.52%). In terms of maximum drawdown, UWM dropped -88.21% vs UCC's -83.05%.
On 10-year performance, UCC leads with 13.77% vs 11.84% for UWM. Both ETFs have the same 0.95% expense ratio. On volatility, UCC has been the lower-risk option at 10.52%. 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 13.77% return vs 11.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UWM and UCC have the same expense ratio: 0.95% per year.
UCC has the higher dividend yield at 1.21%, compared with 0.80% for UWM.
UWM tracks Russell 2000 Index (200%), while UCC tracks Dow Jones U.S. Consumer Services Index (200%).
UWM currently has the higher Sharpe Ratio (1.76 vs 0.26), 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.
Find the right allocation for UWM and UCC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer