Skip to content
etf.net

UVXY vs UYG

ProShares Ultra VIX Short-Term Futures ETF

UVXYCCboe

ProShares Ultra Financials

UYGANYSE Arca

Overlap

28.5%by weight

Expense ratio

UYG −0.02pt a year

UVXY0.95%UYG0.93%

Avg volume · 30D

UVXY 488.3×the volume

UVXY8.43MUYG17.3K

10Y return · a year

UYG +87.7pt

UVXY−70.7%UYG+17.0%

UVXY vs UYG Performance

Oct 29, 2021 – Oct 30, 2026

−99.5%UVXY+56.5%UYG

Oct 29, 2021 to Oct 30, 2026. UVXY −99.5%. UYG +56.5%. Use the arrow keys to read each point.−50%0%Oct 2021Apr 2024Oct 2026
Expense ratio
UVXY 0.95%
UYG 0.93%, better
Fund size
UVXY $225M
UYG $777M
1Y total return
UVXY −63.6%
UYG +11.5%, better
Yield (12M)
UVXY No data
UYG 11.13%
Holdings
UVXY 1
UYG 83
Avg volume (30D)
UVXY 8.43M sh, better
UYG 17.3K sh
NAV per share
UVXY $19.43
UYG $93.27
52W range

ETF.net Grade

UVXY: Cost 51, Risk 9, Mission not scored, Tradability 78, Holdings not scored, Durability 83. UYG: Cost 70, Risk 76, Mission not scored, Tradability 78, Holdings not scored, Durability 80.
Pillar letters and Scores for UVXY, UYG, with each pillar’s weight
PillarUVXYUYG
Cost30% weightC51A70Higher
Mission25% weightNot scoredNot scored
Risk15% weightF9A76Higher
Tradability15% weightA78A78
Holdings10% weightNot scoredNot scored
Durability5% weightA83HigherA80

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. UVXY 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 UVXY 28th 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 28CAGQProShares Ultra SilverScore 49
  5. Rank 28CUVXYProShares Ultra VIX Short-Term Futures ETFScore 49
  6. Rank 30CMQQQTradr 2X Long Innovation 100 Monthly ETFScore 48

Our read on each fund

ETF.net Research

UVXYCProShares Ultra VIX Short-Term Futures ETF

UYGAProShares Ultra Financials

In short

UVXY A volatility trading instrument, not a portfolio holding. UVXY targets 1.5 times the daily move of an index of short-term VIX futures, costs less than the typical leveraged fund, trades heavily, and resets every single day.

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

UVXY The fund seeks daily results equal to 1.5 times the daily performance of the S&P 500 VIX Short-Term Futures Index, 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

  • UVXY Expense ratio of 0.95%, below the 1.04% median for leveraged funds. Costs matter when holding periods are measured in hours.
  • Very actively traded, so entering and exiting during a volatility spike is rarely the hard part.
  • The mandate is mechanical and public: 1.5x the daily move of the S&P 500 VIX Short-Term Futures Index. No manager discretion in the mix.proshares.com
  • Live since 2011, through several volatility regimes, and it rates among the stronger builds in its leveraged peer group.
  • 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

  • UVXY The 1.5x target applies to one day. Over longer stretches, compounding can push results well away from 1.5x the index move, in either direction.
  • Sits at the extreme end of the risk spectrum even next to other leveraged funds, and it isn't an income product.
  • Structured as a commodity pool rather than a standard 1940 Act fund, so tax treatment and year-end paperwork differ from a plain stock ETF.proshares.com
  • 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 UVXY profile⁠

Full UYG profile⁠

UVXY vs UYG Holdings

How UVXY and UYG differ

Overlap by weight

28.5%

Shared holdings make up 100% of UVXY and 28.5% of UYG.

Level by level

  • Asset classAlternatives, Equity0.0%
  • Holdings0 in both28.5%

Sector

No Sector split for UVXY.

Country, concentration and asset class

Country by domicile

No country split for UVXY.

Concentration

Weight in the 10 largest Holdings

  • UVXY100.0%
  • UYG66.9%

Securities held

  • UVXY0
  • UYG82

Asset class

UVXY
Alternatives
UYG
Equity

Holdings

  • Only in UVXY0
  • In both0
  • Only in UYG82

Only in UVXY

0 securities, 0.0% of UVXY by weight

Only in UYG

82 securities, 71.5% of UYG by weight

  • Berkshire Hathaway Inc-Cl B7.63%
  • JPMorgan Chase & Co6.77%
  • Visa Inc-Class A Shares5.33%

Weight gaps

UVXY and UYG share no securities.

All 3 UVXY holdings⁠All 84 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.

UVXY vs UYG Cost

Overpaying UVXY vs UYG

$330

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

  • UVXY 0.95%

    $17,869

  • UYG 0.93%

    $17,539

$10,000
30 years

Cost over time

  • UVXY 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$20K051015202530UVXY $17,869UYG $17,539

Year by year

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

Expense ratio

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

UYG 29th cheapest of 95 funds

UVXY 32nd cheapest of 95 funds

UVXY vs UYG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
UVXY No data
UYG 11.13%
Payout (12M)
UVXY None
UYG $10.38
Last payment
UVXY No data
UYG $0.09
Ex-dividend
UVXY No data
UYG Sep 23, 2026
Paid on
UVXY No data
UYG Sep 29, 2026
Frequency
UVXY No data
UYG Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

UVXYAll UVXY 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

UVXY vs UYG Risk

Fall from peak · 5 years

  • UVXY
  • UYG
Oct 29, 2021 to Oct 30, 2026. Worst fall: UVXY −99.7% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
UVXY 60.4%UYG 30.5%, better
Return per unit of riskSharpe ratio, 3 years
UVXY −1.36UYG 1.04, better
Worst fallMax drawdown, 5 years
UVXY −99.7%UYG −47.8%, better
Market sensitivityBeta, 5 years
UVXY −3.28UYG 1.58

UVXY and UYG in the news

All news⁠

Popular comparisons

  • UVXYCvsQLDA

    ProShares Ultra VIX Short-Term Futures ETF · ProShares Ultra QQQ

    Expense ratio
    0.95% · 0.89%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UYGAvsQLDA

    ProShares Ultra Financials · ProShares Ultra QQQ

    Expense ratio
    0.93% · 0.89%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UVXYCvsROMA

    ProShares Ultra VIX Short-Term Futures ETF · ProShares Ultra Technology

    Expense ratio
    0.95% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UYGAvsROMA

    ProShares Ultra Financials · ProShares Ultra Technology

    Expense ratio
    0.93% · 0.93%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UVXYCvsDDMB

    ProShares Ultra VIX Short-Term Futures ETF · ProShares Ultra Dow30

    Expense ratio
    0.95% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • UYGAvsDDMB

    ProShares Ultra Financials · ProShares Ultra Dow30

    Expense ratio
    0.93% · 0.95%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.