UYG vs. UCC
UYG (ProShares Ultra Financials) and UCC (ProShares Ultra Consumer Services) are both Leveraged Equities funds from ProShares - UYG tracks the Dow Jones U.S. Financials Index (200%) while UCC tracks the Dow Jones U.S. Consumer Services Index (200%). Both are passively managed. Over the past 10 years, UYG returned 16.66%/yr vs 13.77%/yr for UCC. A 0.65 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.
Performance
UYG vs. UCC - Performance Comparison
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Returns By Period
In the year-to-date period, UYG achieves a -12.27% return, which is significantly lower than UCC's -10.31% return. Over the past 10 years, UYG has outperformed UCC with an annualized return of 16.66%, while UCC has yielded a comparatively lower 13.77% annualized return.
UYG
- 1D
- -1.25%
- 1M
- 2.35%
- YTD
- -12.27%
- 6M
- -7.44%
- 1Y
- -2.19%
- 3Y*
- 27.27%
- 5Y*
- 9.44%
- 10Y*
- 16.66%
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%
UYG vs. UCC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UYG ProShares Ultra Financials | -12.27% | 19.77% | 55.71% | 22.14% | -32.11% | 76.26% | -20.32% | 66.15% | -22.61% | 39.28% |
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 UYG and UCC is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2007 | 0.65 |
The correlation between UYG and UCC shifts across timeframes, from 0.53 (1 year) to 0.65 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
UYG vs. UCC — Risk / Return Rank
UYG
UCC
UYG vs. UCC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) 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.
| UYG | UCC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.07 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 0.32 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.18 | 0.91 | -1.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UYG | UCC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 0.26 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | -0.00 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.34 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.00 | 0.32 | -0.33 |
Drawdowns
UYG vs. UCC - Drawdown Comparison
The maximum UYG drawdown since its inception was -97.90%, which is greater than UCC's maximum drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for UYG and UCC.
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Drawdown Indicators
| UYG | UCC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.90% | -83.05% | -14.85% |
Max Drawdown (1Y)Largest decline over 1 year | -28.91% | -29.14% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -30.35% | -48.01% | +17.66% |
Max Drawdown (5Y)Largest decline over 5 years | -47.77% | -61.77% | +14.00% |
Max Drawdown (10Y)Largest decline over 10 years | -69.98% | -61.77% | -8.21% |
Current DrawdownCurrent decline from peak | -17.15% | -19.92% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -63.34% | -21.80% | -41.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.01% | 10.25% | +1.76% |
Volatility
UYG vs. UCC - Volatility Comparison
The current volatility for ProShares Ultra Financials (UYG) is 8.39%, while ProShares Ultra Consumer Services (UCC) has a volatility of 10.52%. This indicates that UYG 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
| UYG | UCC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 10.52% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 22.38% | 26.62% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 36.03% | -6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.22% | 43.62% | -7.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.07% | 40.65% | +0.42% |
UYG vs. UCC - Expense Ratio Comparison
Both UYG and UCC have an expense ratio of 0.95%.
Dividends
UYG vs. UCC - Dividend Comparison
UYG's dividend yield for the trailing twelve months is around 13.32%, more 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% |
UYG ProShares Ultra Financials | 13.32% | 11.72% | 0.51% | 0.79% | 0.77% | 9.39% | 0.66% | 0.90% | 1.28% | 0.56% | 0.76% | 0.72% |
Frequently Asked Questions
UYG and UCC have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCC has higher volatility (10.52%) compared to UYG (8.39%). In terms of maximum drawdown, UYG dropped -97.90% vs UCC's -83.05%.
On 10-year performance, UYG leads with 16.66% vs 13.77% for UCC. Both ETFs have the same 0.95% expense ratio. On volatility, UYG has been the lower-risk option at 8.39%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UYG has performed better with a 16.66% return vs 13.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UYG and UCC have the same expense ratio: 0.95% per year.
UYG has the higher dividend yield at 13.32%, compared with 1.21% for UCC.
UYG tracks Dow Jones U.S. Financials Index (200%), while UCC tracks Dow Jones U.S. Consumer Services Index (200%).
UCC currently has the higher Sharpe Ratio (0.26 vs -0.08), 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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