Are UGE and XLPU levered on the same thing?

Yes. Both are levered on State Street Consumer Staples Select Sector SPDR ETF, UGE at +2 times and XLPU at +3 times the daily move.

Can I hold UGE or XLPU 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.

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UGE vs XLPU: which held to its multiple?

UGE returns +2 times XLP each day and XLPU +3 times, and they share no window yet. ProShares Ultra Consumer Staples and MicroSectors 3x Long Consumer Staples (XLP) ETNs.

−7.1%

UGE returned, 3 months

−7.5%

XLPU returned, since launch

−1.9 pts

UGE from its stated multiple

−0.5 pts

XLPU from its stated multiple

UGE · 3 months to Sep 30, 20261.9 pts short of its stated multiple

UGE returned −7.1% while 2 times XLP's move would have been −5.2%

XLPU · since launch to Sep 30, 2026On its stated multiple

XLPU returned −7.5% while 3 times XLP's move would have been −7.1%

Performance, window by window

	Total return		Multiple would give		Difference
Window	UGE	XLPU	UGE	XLPU	UGE	XLPU
1 month	−9.0%	not published	−9.1%	not published	+0.1 pts	not published
3 months	−7.1%	not published	−5.2%	not published	−1.9 pts	not published
6 months	−3.4%	not published	+0.6%	not published	−4.0 pts	not published
1 year	+3.1%	not published	+11.4%	not published	−8.3 pts	not published
3 years	+26.4%	not published	+54.1%	not published	−27.7 pts	not published
Since launch UGE Jan 2010 · XLPU Sep 2026	+834.3%	−7.5%	not meaningful	−7.1%	not meaningful	−0.5 pts

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

On the same fields

UGE

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

XLPU

MicroSectors 3x Long Consumer Staples (XLP) ETNs · Aims to return three times the daily move of State Street Consumer Staples Select Sector SPDR ETF (XLP)

Issuer ProShares MicroSectors

Sets out to return +2x +3x

Underlying asset XLP XLP

Segment sector index

Fund returned, 3 months or since launch −7.1% −7.5%

Underlying returned, over that window −2.6% −2.4%

What the stated multiple implies, over that window −5.2% −7.1%

Difference from stated, over that window −1.9 pts −0.5 pts

Fund returned, 1 year or since launch +3.1% −7.5%

Difference from stated, over that window −8.3 pts −0.5 pts

Underlying volatility 16% 12%

Difference over the days both have traded −1.9 pts no shared window

Expense ratio 0.95% not published

Launched Jan 4, 2010 Sep 10, 2026

Net assets $8m not published

UGE and XLPU on the same fields, as of Sep 30, 2026. Source: ETFIQ.

UGE in plain words

Three months to Sep 30, 2026: UGE returned −7.1% where its own daily promise gave −5.7%, 1.4 points short. Read the multiple against the whole window instead and 2 times XLP's −2.6% implies −5.2%, which makes UGE look 1.9 points short. 0.5 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 16% 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.

XLPU in plain words

Since launch to Sep 30, 2026: XLPU returned −7.5% where its own daily promise gave −7.1%, 0.4 points short. Read the multiple against the whole window instead and 3 times XLP's −2.4% implies −7.1%, which makes XLPU look 0.5 points short. 0.1 of that is daily compounding, which happens to any 3 times fund over the same path, and the rest is the fund. XLPU aims to return +3 times XLP's move each day, then resets. Over longer, the daily results compound, so the total is not +3 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 12% annualized over that window.

Questions people ask

Are UGE and XLPU levered on the same thing?: Yes. Both are levered on State Street Consumer Staples Select Sector SPDR ETF, UGE at +2 times and XLPU at +3 times the daily move.
Can I hold UGE or XLPU 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.

Other comparisons

UGE vs XLPD UGE vs XLPX UGE vs SZK XLPU vs XLPX XLPU vs SZK XLPU vs XLPD

XLP →UGE on its own →XLPU on its own →How every figure is computed →Standards and sources →

Where these figures came from

UGE filings on SEC EDGAR ↗UGE prospectus with the expense ratio (SEC) ↗ProShares page for UGE ↗MicroSectors website ↗

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, UGE against XLPU, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/uge-vs-xlpu

Open data

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