{
 "ticker": "UCC",
 "name": "ProShares Ultra Consumer Discretionary",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/ucc",
 "html": "https://etfiq.com/funds/ucc",
 "markdown": "https://etfiq.com/funds/ucc.md",
 "as_of": "2026-09-30",
 "verdict": "Three months to Sep 30, 2026: UCC returned \u221216.8% where its own daily promise gave \u221215.5%, 1.3 points short.",
 "key_facts": [
  {
   "key": "what_xly_did",
   "label": "What XLY did",
   "value": "\u22127.6%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UCC, what XLY did: \u22127.6%, as of Sep 30, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What 2 times a day gives",
   "value": "\u221215.5%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UCC, what 2 times a day gives: \u221215.5%, as of Sep 30, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221216.8%",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UCC, what the fund returned: \u221216.8%, as of Sep 30, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22121.3 pts",
   "source": null,
   "as_of": "2026-09-30",
   "sentence": "UCC, the fund itself cost: \u22121.3 pts, as of Sep 30, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "issuer page, as of Sep 30, 2026",
   "as_of": "2026-09-30",
   "sentence": "UCC, net assets: $8m (issuer page, as of Sep 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 25, 2026",
   "as_of": "2026-09-30",
   "sentence": "UCC, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of XLY, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+2.2 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "XLY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, sector",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$8m",
   "source": "issuer page, as of Sep 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.95%",
   "source": "485BPOS XBRL, Sep 25, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 4, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "19% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221213.3%",
   "XLY": "\u22126.4%",
   "+2x the move": "\u221212.9%",
   "Difference": "\u22120.4 pts",
   "XLY moved about": "15%"
  },
  {
   "window": "3 months",
   "Fund": "\u221216.8%",
   "XLY": "\u22127.6%",
   "+2x the move": "\u221215.3%",
   "Difference": "\u22121.5 pts",
   "XLY moved about": "19%"
  },
  {
   "window": "6 months",
   "Fund": "\u22125.7%",
   "XLY": "\u22120.5%",
   "+2x the move": "\u22120.9%",
   "Difference": "\u22124.8 pts",
   "XLY moved about": "20%"
  },
  {
   "window": "1 year",
   "Fund": "\u221223.9%",
   "XLY": "\u22128.4%",
   "+2x the move": "\u221216.8%",
   "Difference": "\u22127.1 pts",
   "XLY moved about": "19%"
  },
  {
   "window": "3 years",
   "Fund": "+38.6%",
   "XLY": "+38.6%",
   "+2x the move": "+77.2%",
   "Difference": "\u221238.6 pts",
   "XLY moved about": "21%"
  },
  {
   "window": "Since launch",
   "Fund": "+1874.3%",
   "XLY": "+788.0%",
   "+2x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "XLY moved about": "20%"
  }
 ],
 "questions": [
  {
   "q": "Did UCC return +2 times XLY?",
   "a": "Over the window to Sep 30, 2026, XLY moved \u22127.6% and UCC returned \u221216.8%. 2 times that move is \u221215.3%, so the fund came out 1.5 points short of it."
  },
  {
   "q": "Why does UCC not return +2 times over a year?",
   "a": "Because it resets daily. UCC aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  },
  {
   "q": "Which +2x XLY ETF tracked its stated multiple most closely?",
   "a": "2 issuers sell one. Over the days all of them have been trading, the table on this page ranks them by how far each finished from 2 times the underlying's move. ETFIQ does not rate funds; the order is the figure itself."
  }
 ],
 "generated": "2026-10-01",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}