UXI vs. VGT

Last updated Jun 3, 2026

UXI (ProShares Ultra Industrials) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - UXI is a Leveraged Equities fund tracking the Dow Jones U.S. Industrials Index (200%), while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, UXI returned 19.31%/yr vs 25.97%/yr for VGT. A 0.72 correlation means they provide meaningful diversification when combined. UXI charges 0.95%/yr vs 0.09%/yr for VGT.

Performance

UXI vs. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Industrials (UXI) and Vanguard Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UXI achieves a 21.74% return, which is significantly lower than VGT's 33.62% return. Over the past 10 years, UXI has underperformed VGT with an annualized return of 19.31%, while VGT has yielded a comparatively higher 25.97% annualized return.

UXI

• 1D: 2.11%
• 1M: 0.58%
• YTD: 21.74%
• 6M: 25.65%
• 1Y: 41.12%
• 3Y*: 35.02%
• 5Y*: 11.80%
• 10Y*: 19.31%

VGT

• 1D: 1.27%
• 1M: 19.95%
• YTD: 33.62%
• 6M: 32.71%
• 1Y: 65.14%
• 3Y*: 34.15%
• 5Y*: 23.05%
• 10Y*: 25.97%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UXI vs. VGT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UXI ProShares Ultra Industrials	21.74%	28.84%	26.48%	27.34%	-32.90%	34.64%	16.37%	67.44%	-28.13%	51.81%
VGT Vanguard Information Technology ETF	33.62%	21.77%	29.30%	52.66%	-29.70%	30.45%	46.04%	48.62%	2.46%	37.08%

Correlation

The correlation between UXI and VGT is 0.51, 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	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.67
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	0.72

Over the past year, the correlation between UXI and VGT has dropped to 0.51 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.

UXI vs. VGT - Sectors Allocation Comparison

Sectors	UXI	VGT
Industrials	56.8%	0.4%
Utilities	3.0%	-
Technology	2.4%	98.5%
Consumer Cyclical	0.3%	0.1%
Basic Materials	-	0.0%
Communication Services	-	0.5%
Consumer Defensive	-	-
Energy	-	0.3%
Financial Services	-	0.5%
Healthcare	-	0.0%
Real Estate	-	-

Return for Risk

UXI vs. VGT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UXI

UXI Risk / Return Rank: 36
UXI Sharpe Ratio Rank: 37
UXI Sortino Ratio Rank: 37
UXI Omega Ratio Rank: 34
UXI Calmar Ratio Rank: 34
UXI Martin Ratio Rank: 38

VGT

VGT Risk / Return Rank: 81
VGT Sharpe Ratio Rank: 91
VGT Sortino Ratio Rank: 86
VGT Omega Ratio Rank: 83
VGT Calmar Ratio Rank: 78
VGT Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UXI vs. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Industrials (UXI) and Vanguard Information Technology ETF (VGT). 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.

	UXI	VGT	Difference
Sharpe ratio Return per unit of total volatility	1.34	3.19	-1.86
Sortino ratio Return per unit of downside risk	1.94	3.88	-1.93
Omega ratio Gain probability vs. loss probability	1.23	1.51	-0.28
Calmar ratio Return relative to maximum drawdown	1.71	4.06	-2.35
Martin ratio Return relative to average drawdown	6.16	13.01	-6.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UXI vs. VGT - Sharpe Ratio Comparison

The current UXI Sharpe Ratio is 1.34, which is lower than the VGT Sharpe Ratio of 3.19. The chart below compares the historical Sharpe Ratios of UXI and VGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UXI	VGT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	3.19	-1.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.92	-0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	1.06	-0.57
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.68	-0.40

Drawdowns

UXI vs. VGT - Drawdown Comparison

The maximum UXI drawdown since its inception was -89.01%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for UXI and VGT.

Drawdown Indicators

	UXI	VGT	Difference
Max Drawdown Largest peak-to-trough decline	-89.01%	-54.63%	-34.38%
Max Drawdown (1Y) Largest decline over 1 year	-23.59%	-16.40%	-7.19%
Max Drawdown (3Y) Largest decline over 3 years	-36.42%	-27.23%	-9.19%
Max Drawdown (5Y) Largest decline over 5 years	-48.25%	-35.07%	-13.18%
Max Drawdown (10Y) Largest decline over 10 years	-66.48%	-35.07%	-31.41%
Current Drawdown Current decline from peak	-7.15%	0.00%	-7.15%
Average Drawdown Average peak-to-trough decline	-22.62%	-7.95%	-14.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.56%	5.12%	+1.44%

Volatility

UXI vs. VGT - Volatility Comparison

ProShares Ultra Industrials (UXI) has a higher volatility of 10.17% compared to Vanguard Information Technology ETF (VGT) at 5.98%. This indicates that UXI's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UXI	VGT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.17%	5.98%	+4.19%
Volatility (6M) Calculated over the trailing 6-month period	25.88%	15.98%	+9.90%
Volatility (1Y) Calculated over the trailing 1-year period	30.92%	20.52%	+10.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.90%	25.17%	+10.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.43%	24.60%	+14.83%

UXI vs. VGT - Expense Ratio Comparison

UXI has a 0.95% expense ratio, which is higher than VGT's 0.09% expense ratio.

Dividends

UXI vs. VGT - Dividend Comparison

UXI's dividend yield for the trailing twelve months is around 0.67%, more than VGT's 0.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UXI ProShares Ultra Industrials	0.67%	0.90%	0.18%	0.21%	0.24%	0.03%	0.29%	0.58%	0.37%	0.24%	0.38%	0.41%
VGT Vanguard Information Technology ETF	0.30%	0.40%	0.60%	0.65%	0.91%	0.64%	0.82%	1.11%	1.29%	0.99%	1.31%	1.28%

Frequently Asked Questions

Can I hold both UXI and VGT in my portfolio?

UXI and VGT have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UXI or VGT?

UXI has higher volatility (10.17%) compared to VGT (5.98%). In terms of maximum drawdown, UXI dropped -89.01% vs VGT's -54.63%.

Which ETF is better, UXI or VGT?

On 10-year performance, VGT leads with 25.97% vs 19.31% for UXI. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UXI or VGT?

Over the 10-year period, VGT has performed better with a 25.97% return vs 19.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UXI or VGT?

VGT is cheaper with a 0.09% expense ratio, compared with 0.95% for UXI.

Which ETF pays a higher dividend yield, UXI or VGT?

UXI has the higher dividend yield at 0.67%, compared with 0.30% for VGT.

What is the main difference between UXI and VGT?

UXI is categorized as Leveraged Equities, while VGT is Technology Equities. UXI tracks Dow Jones U.S. Industrials Index (200%), while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for UXI and 0.09% for VGT.

Which has better risk-adjusted returns?

VGT currently has the higher Sharpe Ratio (3.19 vs 1.34), 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.