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UCOP vs UYG

ProShares Trust

UCOPCNYSE Arca

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −0.02pt a year

UCOP0.95%UYG0.93%

Avg volume · 30D

UYG 9.3×the volume

UCOP1.86KUYG17.3K

UCOP vs UYG Performance

Jul 31, 2026 – Oct 30, 2026

−8.1%UCOP−2.7%UYG

Jul 31, 2026 to Oct 30, 2026. UCOP −8.1%. UYG −2.7%. Use the arrow keys to read each point.−5%0%5%Jul 2026Sep 2026Oct 2026
Expense ratio
UCOP 0.95%
UYG 0.93%, better
Fund size
UCOP $4M
UYG $777M
1Y total return
UCOP No data
UYG +11.5%
Yield (12M)
UCOP No data
UYG 11.13%
Holdings
UCOP 1
UYG 83
Avg volume (30D)
UCOP 1.86K sh
UYG 17.3K sh, better
NAV per share
UCOP $39.14
UYG $93.27
52W range

ETF.net Grade

UCOP: Cost 51, Risk 53, Mission 57, Tradability 46, Holdings not scored, Durability 46. UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for UCOP, UYG, with each pillar’s weight
PillarUCOPUYG
Cost30% weightC51A70Higher
Mission25% weightB57Not scored
Risk15% weightC53A76Higher
Tradability15% weightC46A78Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC46A80Higher

Rank among Leveraged Long (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. UCOP and UYG are both graded against the same 95 Leveraged Long (2x & Other) funds, so their Grades compare head to head.

Leveraged Long (2x & Other)⁠

Category · 95 funds
See all 95 ›

UYG ranks 2nd and UCOP 37th of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 77
  2. Rank 2AUYGProShares Ultra FinancialsScore 74
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 37CUBRProShares Ultra MSCI Brazil CappedScore 40
  5. Rank 37CUCOPProShares TrustScore 40
  6. Rank 37CUSMXCorgi U.S. Mid-Cap 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

UCOPCProShares Trust

UYGAProShares Ultra Financials

In short

UCOP Doubling down on copper, minus the Schedule K-1: UCOP targets 2x the metal's daily move inside a 1940 Act fund that sends a Form 1099. Fee is 0.95% net of a waiver through September 30, 2027.

UYG Listed in January 2007, a year before the banking crash, UYG targets 2x the daily move of the financial stocks in the S&P 500. A veteran of the leveraged shelf, priced at 0.93% with no fee waiver propping that number up.

Stated mandate

UCOP The fund seeks daily results equal to two times the daily performance of copper before fees and expenses.

UYG UYG seeks pre-expense daily results equal to 2x the daily performance of the S&P Financial Select Sector Index. It is designed to provide magnified financials-sector exposure on a daily basis.

Why people hold it

  • UCOP Commodity leverage without the tax-season paperwork: ProShares launched it in April 2026 alongside its 2x platinum and palladium funds, and shareholders get Form 1099 reporting, not a Schedule K-1.proshares.com
  • The mandate is one line: two times the daily performance of copper before fees, benchmarked to the United States Copper Index Fund (CPER). No stock picking, no overlay, no guesswork about what you own.
  • Priced at 0.95% net of a waiver through September 30, 2027, near the median for leveraged bull funds and level with ProShares' long-running Ultra Dow30 (DDM) at 0.95%.
  • UYG One of the originals: on the tape since January 30, 2007, still running the same mandate of 2x the daily performance of the S&P Financial Select Sector Index.proshares.com
  • At 0.93% with no waiver doing the work, it sits near the median fee of its leveraged peer group and level with sibling ROM (0.93%). QLD is 0.89%, but net of a waiver through September 30, 2027.
  • The whole sector in one ticker: banks, insurers and capital-markets firms from the S&P 500, roughly 80 names, geared daily.proshares.com
  • Stands in the top tier of the leveraged bull funds we grade, a group of close to a hundred tickers.

Worth knowing

  • UCOP The 2x target resets daily and compounds. Over any period longer than a day, results can differ significantly from 2x the move in copper, and choppy stretches work against the math.proshares.com
  • That 0.95% is the net figure. Gross expenses run 3.44%, and the gap is covered by a waiver that runs through September 30, 2027.
  • Young and small next to ProShares' veteran equity Ultras, and it trades lightly, which can show up as wider bid-ask spreads.
  • UYG The 2x target is a one-day target and resets each day. Over longer holds the result comes from compounding daily moves, and in choppy markets that can land well off twice the index's return for the period.proshares.com
  • One sector, doubled. Financials move with rates, credit conditions and deal flow, and UYG amplifies that daily swing in both directions.
  • It changes hands less than the headline leveraged funds, so the spread is worth a look before you place an order.

Full UCOP profile⁠

Full UYG profile⁠

UCOP vs UYG Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

UCOP vs UYG Cost

Overpaying UCOP vs UYG

$330

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • UCOP 0.95%

    $17,869

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • UCOP 0.95%
  • UYG 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530UCOP $17,869UYG $17,539

Year by year

YearUCOPUYGOverpaying
10$1,678$1,644$34
20$6,322$6,199$123
30$17,869$17,539$330

Expense ratio

  • 0.95%UCOP
  • 0.93%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

UCOP 32nd cheapest of 95 funds

UCOP vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UCOP No data
UYG 11.13%
Payout (12M)
UCOP No data
UYG $10.38
Last payment
UCOP $0.12
UYG $0.09
Ex-dividend
UCOP Sep 23, 2026
UYG Sep 23, 2026
Paid on
UCOP Sep 29, 2026
UYG Sep 29, 2026
Frequency
UCOP Quarterly
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

UCOPQuarterly · 2 paymentsAll UCOP payments⁠
One bar per payment. 2 payments from 2017 to 2026 YTD. Jun 24, 2026 $0.05; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$102017202020232026YTD
UYGQuarterly · 39 paymentsAll UYG payments⁠
One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.02; Jun 21, 2017 $0.02; Sep 27, 2017 $0.07; Dec 26, 2017 $0.12; Mar 21, 2018 $0.05; Jun 20, 2018 $0.08; Sep 26, 2018 $0.11; Dec 26, 2018 $0.18; Mar 20, 2019 $0.08; Jun 25, 2019 $0.09; Sep 25, 2019 $0.14; Dec 24, 2019 $0.17; Mar 25, 2020 $0.12; Jun 24, 2020 $0.05; Sep 23, 2020 $0.03; Dec 23, 2020 $0.08; Mar 23, 2021 $0.03; Jun 22, 2021 $0.02; Sep 22, 2021 $0.03; Dec 23, 2021 $3.19; Mar 23, 2022 $0.04; Jun 22, 2022 $0.04; Sep 21, 2022 $0.06; Dec 22, 2022 $0.20; Mar 22, 2023 $0.09; Jun 21, 2023 $0.11; Sep 20, 2023 $0.09; Dec 20, 2023 $0.15; Mar 20, 2024 $0.04; Jun 26, 2024 $0.11; Sep 25, 2024 $0.09; Dec 23, 2024 $0.20; Mar 26, 2025 $0.27; Jun 25, 2025 $0.13; Sep 24, 2025 $0.38; Dec 24, 2025 $9.97; Mar 25, 2026 $0.20; Jun 24, 2026 $0.11; Sep 23, 2026 $0.09. Use the arrow keys to read each point.$0$102017202020232026YTD

UCOP vs UYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
UCOP No dataUYG 30.5%
Return per unit of riskSharpe ratio, 3 years
UCOP No dataUYG 1.04
Worst fallMax drawdown, 5 years
UCOP No dataUYG −47.8%
Market sensitivityBeta, 5 years
UCOP 2.11UYG 1.58

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