# UGE (ProShares Ultra Consumer Staples)

ProShares · Leveraged ETFs · data as of Sep 30, 2026

Three months to Sep 30, 2026: UGE returned −7.1% where its own daily promise gave −5.7%, 1.4 points short.

## Key facts

- UGE, what XLP did: −2.6%, as of Sep 30, 2026.
- UGE, what 2 times a day gives: −5.7%, as of Sep 30, 2026.
- UGE, what the fund returned: −7.1%, as of Sep 30, 2026.
- UGE, the fund itself cost: −1.4 pts, as of Sep 30, 2026.
- UGE, net assets: $8m (issuer page, as of Sep 30, 2026).
- UGE, expense ratio: 0.95% (485BPOS XBRL, Sep 25, 2026).

## UGE over each window to Sep 30, 2026

| Window | Fund | XLP | +2x the move | Difference | XLP moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −9.0% | −4.5% | −9.1% | +0.1 pts | 11% |
| 3 months | −7.1% | −2.6% | −5.2% | −1.9 pts | 16% |
| 6 months | −3.4% | +0.3% | +0.6% | −4.0 pts | 16% |
| 1 year | +3.1% | +5.7% | +11.4% | −8.3 pts | 14% |
| 3 years | +26.4% | +27.0% | +54.1% | −27.7 pts | 13% |
| Since launch | +834.3% | +373.5% | not meaningful over this window | not meaningful over this window | 14% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +2 times the daily move of XLP, reset daily | ETFIQ |
| Multiple a holder actually got over the window | XLP moved −2.6% over this window, too little to read a multiple from | ETFIQ |
| Underlying | XLP | ETFIQ |
| Segment | sector or country, sector | ETFIQ |
| Net assets | $8m | issuer page, as of Sep 30, 2026 |
| Expense ratio | 0.95% | 485BPOS XBRL, Sep 25, 2026 |
| Launched | Jan 4, 2010 | ETFIQ |
| Underlying volatility over the window | 16% annualized | ETFIQ |

## Questions

### Did UGE return +2 times XLP?

Over the window to Sep 30, 2026, XLP moved −2.6% and UGE returned −7.1%. 2 times that move is −5.2%, so the fund came out 1.9 points short of it.

### Why does UGE not return +2 times over a year?

Because it resets daily. UGE 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.

### Which +2x XLP ETF tracked its stated multiple most closely?

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.


## Cite this page

ETFIQ, UGE, data as of Sep 30, 2026. https://etfiq.com/funds/uge
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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