Which came closer to its stated multiple, SCC or UCC?

Over the window to Sep 30, 2026, SCC finished 1.8 points from what its multiple implies and UCC finished 1.5 points from its own, so UCC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are SCC and UCC levered on the same thing?

Yes. Both are levered on State Street Consumer Discretionary Select Sector SPDR ETF, SCC at -2 times and UCC at +2 times the daily move.

Which one decays faster, SCC or UCC?

Decay follows how much the underlying moves about. Over this window SCC’s moved at 19% annualized and UCC’s at 19%, so SCC has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold SCC or UCC 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, SCC or UCC?

SCC charges 0.95% a year and UCC charges 0.95%, so SCC is cheaper. Fees come from each fund's prospectus.

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SCC vs UCC: which held to its multiple?

Over three months against its own daily promise, SCC finished 3.0 points over and UCC 1.3 points short. ProShares UltraShort Consumer Discretionary and ProShares Ultra Consumer Discretionary.

+17.1%

SCC returned, 3 months

−16.8%

UCC returned, 3 months

+1.8 pts

SCC from its stated multiple

−1.5 pts

UCC from its stated multiple

SCC · 3 months to Sep 30, 20261.8 pts ahead of its stated multiple

SCC returned +17.1% while −2 times XLY's move would have been +15.3%

UCC · 3 months to Sep 30, 20261.5 pts short of its stated multiple

UCC returned −16.8% while 2 times XLY's move would have been −15.3%

ETFIQ Decay Resistance Score · UCC scores higherDid it keep up with its own daily multiple, compounded day by day?

SCC among the 125 inverse ETFs over three months

SCC 83.6

0.4, the lowest in this set99.6, the highest

UCC among the 470 leveraged ETFs, long, over three months

UCC 92

0.1, the lowest in this set99.9, the highest

A percentile among the 125 inverse ETFs over three months. UCC is a percentile among the 470 leveraged ETFs, long, over three months, a different set, so the two marks are not on one scale. 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

	Total return		Multiple would give		Difference
Window	SCC	UCC	SCC	UCC	SCC	UCC
1 month	+14.5%	−13.3%	+12.9%	−12.9%	+1.6 pts	−0.4 pts
3 months	+17.1%	−16.8%	+15.3%	−15.3%	+1.8 pts	−1.5 pts
6 months	0.0%	−5.7%	+0.9%	−0.9%	−0.9 pts	−4.8 pts
1 year	+18.0%	−23.9%	+16.8%	−16.8%	+1.2 pts	−7.1 pts
3 years	−50.6%	+38.6%	−77.2%	+77.2%	+26.6 pts	−38.6 pts
Since launch SCC Jan 2010 · UCC Jan 2010	−99.6%	+1874.3%	not meaningful	not meaningful	not meaningful	not meaningful

SCC and UCC over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

SCC

ProShares UltraShort Consumer Discretionary · Aims to return twice the opposite of the daily move of State Street Consumer Discretionary Select Sector SPDR ETF (XLY)

UCC

ProShares Ultra Consumer Discretionary · Aims to return twice the daily move of State Street Consumer Discretionary Select Sector SPDR ETF (XLY)

Issuer ProShares ProShares

Sets out to return -2x +2x

Underlying asset XLY XLY

Segment sector sector

Fund returned, 3 months or since launch +17.1% −16.8%

Underlying returned, over that window −7.6% −7.6%

What the stated multiple implies, over that window +15.3% −15.3%

Difference from stated, over that window +1.8 pts −1.5 pts

Fund returned, 1 year or since launch +18.0% −23.9%

Difference from stated, over that window +1.2 pts −7.1 pts

Underlying volatility 19% 19%

Difference over the days both have traded no shared window −1.5 pts

Expense ratio 0.95% 0.95%

Launched Jan 4, 2010 Jan 4, 2010

Net assets $3m $8m

SCC and UCC on the same fields, as of Sep 30, 2026. Source: ETFIQ.

SCC in plain words

Three months to Sep 30, 2026: SCC returned +17.1% where its own daily promise gave +14.1%, 3.0 points over. Read the multiple against the whole window instead and −2 times XLY's −7.6% implies +15.3%, which makes SCC look 1.8 points over. 1.2 of that is daily compounding, which happens to any −2 times fund over the same path, and the rest is the fund. SCC aims to return -2 times XLY'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. XLY moved at 19% 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.

UCC in plain words

Three months to Sep 30, 2026: UCC returned −16.8% where its own daily promise gave −15.5%, 1.3 points short. Read the multiple against the whole window instead and 2 times XLY's −7.6% implies −15.3%, which makes UCC look 1.5 points short. 0.2 of that is daily compounding, which happens to any 2 times fund over the same path, and the rest is the fund. UCC aims to return +2 times XLY's move each day, then resets. 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.

Questions people ask

Which came closer to its stated multiple, SCC or UCC?: Over the window to Sep 30, 2026, SCC finished 1.8 points from what its multiple implies and UCC finished 1.5 points from its own, so UCC came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are SCC and UCC levered on the same thing?: Yes. Both are levered on State Street Consumer Discretionary Select Sector SPDR ETF, SCC at -2 times and UCC at +2 times the daily move.
Which one decays faster, SCC or UCC?: Decay follows how much the underlying moves about. Over this window SCC’s moved at 19% annualized and UCC’s at 19%, so SCC has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SCC or UCC 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, SCC or UCC?: SCC charges 0.95% a year and UCC charges 0.95%, so SCC is cheaper. Fees come from each fund's prospectus.

Other comparisons

SCC vs WANT SCC vs XLYX UCC vs WANT UCC vs XLYX

XLY →SCC on its own →UCC on its own →How every figure is computed →Standards and sources →

Where these figures came from

SCC and UCC filings on SEC EDGAR ↗SCC and UCC prospectus with the expense ratio (SEC) ↗ProShares page for SCC ↗ProShares page for UCC ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, SCC against UCC, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/scc-vs-ucc

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.