{"url":"https://etfiq.com/compare/leverage/sef-vs-uyg","section":"compare","title":"SEF vs UYG: which held to its multiple? | ETFIQ","description":"SEF sets out to return -1 times XLF each day and UYG +2 times. Over the three months to Sep 30, 2026 they finished +1.3 pts and \u22121.9 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SEF or UYG?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SEF finished 1.3 points from what its multiple implies and UYG finished 1.9 points from its own, so SEF came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SEF and UYG levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on financials, SEF at -1 times and UYG at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SEF or UYG?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SEF\u2019s moved at 13% annualized and UYG\u2019s at 13%, so SEF has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SEF or UYG for a year?","acceptedAnswer":{"@type":"Answer","text":"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\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, SEF or UYG?","acceptedAnswer":{"@type":"Answer","text":"SEF charges 0.95% a year and UYG charges 0.94%, so UYG is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SEF vs UYG","item":"https://etfiq.com/compare/leverage/sef-vs-uyg"}]},{"@type":"WebPage","name":"SEF vs UYG: which held to its multiple?","description":"SEF sets out to return -1 times XLF each day and UYG +2 times. Over the three months to Sep 30, 2026 they finished +1.3 pts and \u22121.9 pts away.","url":"https://etfiq.com/compare/leverage/sef-vs-uyg","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SEF finished 1.7 points over and UYG 1.5 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SEF and UYG","description":"SEF sets out to return -1 times XLF each day and UYG +2 times. Over the three months to Sep 30, 2026 they finished +1.3 pts and \u22121.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/sef-vs-uyg","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7030,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SEF vs UYG \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SEF vs UYG: which held to its multiple?\n\n Over three months against its own daily promise, SEF finished 1.7 points over and UYG 1.5 points short.\n Copy this for sharing \n \n ProShares Short Financials and ProShares Ultra Financials.\n\n Download as PDF \n\n +3.5% SEF returned, 3 months \n \u22126.2% UYG returned, 3 months \n +1.3 pts SEF from its stated multiple \n \u22121.9 pts UYG from its stated multiple \n\n ETFIQ Decay Resistance Score: UYG scores higher\n Did it keep up with its own dail","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/sef-vs-uyg","a":{"ticker":"SEF","name":"ProShares Short Financials","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SEF returned +3.5% where its own daily promise gave +1.8%, 1.7 points over.","url":"https://etfiq.com/funds/sef","key_facts":[{"label":"What XLF did","value":"\u22122.2%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"+1.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+3.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.7 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$18m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"UYG","name":"ProShares Ultra Financials","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UYG returned \u22126.2% where its own daily promise gave \u22124.7%, 1.5 points short.","url":"https://etfiq.com/funds/uyg","key_facts":[{"label":"What XLF did","value":"\u22122.2%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22124.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22126.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$704m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.94%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 23, 2025"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/sef-vs-uyg"}