Which came closer to its stated multiple, UGE or XLPX?

Over the window to Sep 30, 2026, UGE finished 1.9 points from what its multiple implies and XLPX finished 2.1 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 Consumer Staples Select Sector SPDR 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 16% annualized and XLPX’s at 16%, 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.

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UGE vs XLPX: which held to its multiple?

Over the days both have traded, UGE finished 1.9 points from its stated multiple and XLPX 2.1. ProShares Ultra Consumer Staples and Corgi U.S. Consumer Staples 2x Daily ETF.

−7.1%

UGE returned, 3 months

−7.3%

XLPX returned, 3 months

−1.9 pts

UGE from its stated multiple

−2.1 pts

XLPX 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%

XLPX · 3 months to Sep 30, 20262.1 pts short of its stated multiple

XLPX returned −7.3% while 2 times XLP's move would have been −5.2%

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

UGE 90.6

XLPX 85

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

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	UGE	XLPX	UGE	XLPX	UGE	XLPX
1 month	−9.0%	−9.4%	−9.1%	−9.1%	+0.1 pts	−0.4 pts
3 months	−7.1%	−7.3%	−5.2%	−5.2%	−1.9 pts	−2.1 pts
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 · XLPX Jun 2026	+834.3%	−4.5%	not meaningful	−1.1%	not meaningful	−3.4 pts

UGE and XLPX 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)

XLPX

Corgi U.S. Consumer Staples 2x Daily ETF · Aims to return twice the daily move of State Street Consumer Staples Select Sector SPDR ETF (XLP)

Issuer ProShares Corgi

Sets out to return +2x +2x

Underlying asset XLP XLP

Segment sector sector

Fund returned, 3 months or since launch −7.1% −7.3%

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

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

Difference from stated, over that window −1.9 pts −2.1 pts

Fund returned, 1 year or since launch +3.1% −4.5%

Difference from stated, over that window −8.3 pts −3.4 pts

Underlying volatility 16% 16%

Difference over the days both have traded −1.9 pts −2.1 pts

Expense ratio 0.95% 0.45%

Launched Jan 4, 2010 Jun 3, 2026

Net assets $8m $359,646

UGE and XLPX 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.

XLPX in plain words

Three months to Sep 30, 2026: XLPX returned −7.3% where its own daily promise gave −5.7%, 1.5 points short. Read the multiple against the whole window instead and 2 times XLP's −2.6% implies −5.2%, which makes XLPX look 2.1 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 30, 2026, UGE finished 1.9 points from what its multiple implies and XLPX finished 2.1 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 Consumer Staples Select Sector SPDR 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 16% annualized and XLPX’s at 16%, 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

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

XLP →UGE on its own →XLPX 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 ↗XLPX filings on SEC EDGAR ↗XLPX prospectus with the expense ratio (SEC) ↗Corgi 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 XLPX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/uge-vs-xlpx

Open data

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