{"url":"https://etfiq.com/compare/leverage/szk-vs-uge","section":"compare","title":"SZK vs UGE: which held to its multiple? | ETFIQ","description":"SZK sets out to return -2 times XLP each day and UGE +2 times. Over the three months to Sep 30, 2026 they finished +0.4 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, SZK or UGE?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SZK finished 0.4 points from what its multiple implies and UGE finished 1.9 points from its own, so SZK came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SZK and UGE levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on State Street Consumer Staples Select Sector SPDR ETF, SZK at -2 times and UGE at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SZK or UGE?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SZK\u2019s moved at 16% annualized and UGE\u2019s at 16%, so SZK has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SZK or UGE 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, SZK or UGE?","acceptedAnswer":{"@type":"Answer","text":"SZK charges 0.95% a year and UGE charges 0.95%, so SZK 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":"SZK vs UGE","item":"https://etfiq.com/compare/leverage/szk-vs-uge"}]},{"@type":"WebPage","name":"SZK vs UGE: which held to its multiple?","description":"SZK sets out to return -2 times XLP each day and UGE +2 times. Over the three months to Sep 30, 2026 they finished +0.4 pts and \u22121.9 pts away.","url":"https://etfiq.com/compare/leverage/szk-vs-uge","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SZK finished 2.2 points over and UGE 1.4 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 SZK and UGE","description":"SZK sets out to return -2 times XLP each day and UGE +2 times. Over the three months to Sep 30, 2026 they finished +0.4 pts and \u22121.9 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/szk-vs-uge","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":7093,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SZK vs UGE \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SZK vs UGE: which held to its multiple?\n\n Over three months against its own daily promise, SZK finished 2.2 points over and UGE 1.4 points short.\n Copy this for sharing \n \n ProShares UltraShort Consumer Staples and ProShares Ultra Consumer Staples.\n\n Download as PDF \n\n +5.6% SZK returned, 3 months \n \u22127.1% UGE returned, 3 months \n +0.4 pts SZK from its stated multiple \n \u22121.9 pts UGE from its stated multiple \n\n ETFIQ Decay Resistance Score: UGE scores higher\n Did it keep up ","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/szk-vs-uge","a":{"ticker":"SZK","name":"ProShares UltraShort Consumer Staples","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SZK returned +5.6% where its own daily promise gave +3.5%, 2.2 points over.","url":"https://etfiq.com/funds/szk","key_facts":[{"label":"What XLP did","value":"\u22122.6%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"+3.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+5.6%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+2.2 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$790,823","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":"UGE","name":"ProShares Ultra Consumer Staples","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UGE returned \u22127.1% where its own daily promise gave \u22125.7%, 1.4 points short.","url":"https://etfiq.com/funds/uge","key_facts":[{"label":"What XLP did","value":"\u22122.6%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"\u22125.7%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u22127.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.4 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$8m","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"}]},"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/szk-vs-uge"}