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UVIX vs UYG

2x Long VIX Futures ETF

UVIXFCboe

ProShares Ultra Financials

UYGANYSE Arca

Overlap

Expense ratio

UYG −1.26pt a year

UVIX2.19%UYG0.93%

Avg volume · 30D

UVIX 123.8×the volume

UVIX2.14MUYG17.3K

3Y return · a year

UYG +116.1pt

UVIX−80.3%UYG+35.8%

UVIX vs UYG Performance

Oct 31, 2025 – Nov 2, 2026

−78.5%UVIX+15.4%UYG

Oct 31, 2025 to Nov 2, 2026. UVIX −78.5%. UYG +15.4%. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2025May 2026Nov 2026
Expense ratio
UVIX 2.19%
UYG 0.93%, better
Fund size
UVIX $215M
UYG $777M
1Y total return
UVIX −78.5%
UYG +15.4%, better
Yield (12M)
UVIX No data
UYG 10.76%
Holdings
UVIX 3
UYG 83
Avg volume (30D)
UVIX 2.14M sh, better
UYG 17.3K sh
NAV per share
UVIX $42.39
UYG $93.27
52W range

ETF.net Grade

UVIX: Cost 1, Risk 6, Mission not scored, Tradability 72, Holdings not scored, Durability 69. UYG: Cost 70, Risk 76, Mission not scored, Tradability 77, Holdings not scored, Durability 80.
Pillar letters and Scores for UVIX, UYG, with each pillar’s weight
PillarUVIXUYG
Cost30% weightF1A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightF6A76Higher
Tradability15% weightA72A77Higher
Holdings10% weightNot scoredNot scored
Durability5% weightB69A80Higher

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. UVIX 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 UVIX 91st of 95 funds in the Leveraged Long (2x & Other) Category.

  1. Rank 1AQLDProShares Ultra QQQScore 78
  2. Rank 2AUYGProShares Ultra FinancialsScore 73
  3. Rank 3AROMProShares Ultra TechnologyScore 71
  4. Rank 89DUSLVDirexion Daily Silver Bull 2X ETFScore 25
  5. Rank 91FUVIX2x Long VIX Futures ETFScore 23
  6. Rank 92FURAADirexion Daily Uranium Industry Bull 2X ETFScore 22

Our read on each fund

ETF.net Research

UVIXF2x Long VIX Futures ETF

UYGAProShares Ultra Financials

In short

UVIX Most leveraged ETFs juice a stock index. UVIX goes after fear itself: twice the daily move of a VIX futures index, wrapped in a commodity pool. A short-horizon trading tool, by design.

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

UVIX The fund seeks daily results, before fees and expenses, equal to twice the performance of the Long VIX Futures Index.

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

  • UVIX A rare pure play on volatility in a cohort dominated by leveraged equity funds: it targets 2x the daily move of the Long VIX Futures Index.
  • The mandate leaves nothing to interpretation: a stated 2x daily multiple against one named index, spelled out in the prospectus. No manager discretion.
  • For a tool you hold in hours or days, liquidity matters most. UVIX is actively traded, one of the stronger showings in its peer group for getting in and out.
  • Running since 2022, so it has a multi-year operating history in a corner of the market where launches often do not stick around.
  • 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

  • UVIX The fee is 2.19%, well above what most leveraged funds charge. That drag runs whether volatility spikes or naps.
  • The 2x target resets daily. Over any longer stretch, compounding means results can diverge widely from twice the index move over that same stretch.
  • It is a commodity pool tracking VIX futures, not the spot VIX and not a stock fund, and it has made no distributions in the past year.
  • 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 UVIX profile⁠

Full UYG profile⁠

UVIX 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.

UVIX vs UYG Cost

Overpaying UVIX vs UYG

$17,650

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

  • UVIX 2.19%

    $35,189

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • UVIX 2.19%
  • UYG 0.93%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530UVIX $35,189UYG $17,539

Year by year

YearUVIXUYGOverpaying
10$3,675$1,644$2,031
20$13,108$6,199$6,909
30$35,189$17,539$17,650

Expense ratio

  • 2.19%UVIX
  • 0.93%UYG, cheaper
  • Middle half of Leveraged Long (2x & Other) funds
  • Median 0.95%

UYG 29th cheapest of 95 funds

UVIX 95th cheapest of 95 funds

UVIX vs UYG Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
UVIX No data
UYG 10.76%
Payout (12M)
UVIX None
UYG $10.38
Last payment
UVIX No data
UYG $0.09
Ex-dividend
UVIX No data
UYG Sep 23, 2026
Paid on
UVIX No data
UYG Sep 29, 2026
Frequency
UVIX No data
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

UVIXAll UVIX payments⁠

No distribution history available.

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

UVIX vs UYG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
UVIX 73.7%UYG 30.5%, better
Return per unit of riskSharpe ratio, 3 years
UVIX −1.79UYG 1.04, better
Worst fallMax drawdown, 5 years
UVIX −100.0%since Mar 2022UYG −47.8%
Market sensitivityBeta, 5 years
UVIX −4.27UYG 1.58

UVIX and UYG in the news

All news⁠

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