Data as of .
UGE vs XLPX: which held to its multiple?
Over the days both have traded, UGE finished 2.1 points from its stated multiple and XLPX 2.7.
ETFIQ Decay Resistance Score: UGE scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| UGE | XLPX | UGE | XLPX | UGE | XLPX | |
| 1 month | −4.7% | −4.8% | −4.0% | −4.0% | −0.7 pts | −0.8 pts |
| 3 months | −6.4% | −7.0% | −4.3% | −4.3% | −2.1 pts | −2.7 pts |
| 6 months | −5.1% | not published | −0.7% | not published | −4.3 pts | not published |
| 1 year | +4.1% | not published | +12.7% | not published | −8.6 pts | not published |
| 3 years | +23.3% | not published | +52.3% | not published | −29.0 pts | not published |
| Since launch | +885.2% | +1.1% | not meaningful | +4.4% | not meaningful | −3.3 pts |
| UGE ProShares Ultra Consumer Staples Aims to return twice the daily move of STATE STREET(R) CONSUMER STAPLES SELECT SECTOR SPDR(R) ETF (XLP) | XLPX Corgi U.S. Consumer Staples 2x Daily ETF Aims to return twice the daily move of STATE STREET(R) CONSUMER STAPLES SELECT SECTOR SPDR(R) ETF (XLP) | |
|---|---|---|
| Issuer | ProShares | Corgi |
| Sets out to return | +2x | +2x |
| On | XLP | XLP |
| Segment | sector | sector |
| Fund returned, 3 months | −6.4% | −7.0% |
| Underlying returned, 3 months | −2.2% | −2.2% |
| What the stated multiple implies, 3 months | −4.3% | −4.3% |
| Difference from stated, 3 months | −2.1 pts | −2.7 pts |
| Fund returned, 1 year or since launch | +4.1% | +1.1% |
| Difference from stated, over that window | −8.6 pts | −3.3 pts |
| Underlying volatility | 17% | 17% |
| Difference over the days both have traded | −2.1 pts | −2.7 pts |
| Expense ratio | 0.95% | 0.45% |
| Launched | Jan 4, 2010 | Jun 3, 2026 |
UGE in plain words
Three months to Sep 11, 2026: UGE returned −6.4% where its own daily promise gave −4.9%, 1.5 points short. Read the multiple against the whole window instead and +2 times XLP's −2.2% implies −4.3%, which makes UGE look 2.1 points short. 0.6 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. UGE aims to return +2 times XLP's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. XLP moved at 17% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
XLPX in plain words
Three months to Sep 11, 2026: XLPX returned −7.0% where its own daily promise gave −4.9%, 2.0 points short. Read the multiple against the whole window instead and +2 times XLP's −2.2% implies −4.3%, which makes XLPX look 2.7 points short. XLPX aims to return +2 times XLP's move each day, then resets.
Questions people ask
- Which came closer to its stated multiple, UGE or XLPX?
- Over the window to Sep 11, 2026, UGE finished 2.1 points from what its multiple implies and XLPX finished 2.7 points from its own, so UGE came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are UGE and XLPX levered on the same thing?
- Yes. Both are levered on STATE STREET(R) CONSUMER STAPLES SELECT SECTOR SPDR(R) ETF, UGE at +2 times and XLPX at +2 times the daily move.
- Which one decays faster, UGE or XLPX?
- Decay follows how much the underlying moves about. Over this window UGE’s moved at 17% annualized and XLPX’s at 17%, so UGE has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold UGE or XLPX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, UGE or XLPX?
- UGE charges 0.95% a year and XLPX charges 0.45%, so XLPX is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, UGE against XLPX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/UGE-XLPX Free to use with attribution; the underlying files are at Open data.