ProShares Ultra Consumer Goods (UGE) Performance
UGE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +25.5% since Dec 31, 2025
- 1 year
- +20.2% total return
- 5 years
- −2.7% a year
- 10 years
- +9.5% a year
- Since first price
- +11.5% a year since 2007
UGE trailing returns vs SPY, QQQ, AGG
| Period | UGE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +14.1% | +14.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +12.0% | +11.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +10.4% | +9.1% | +7.8% | +8.4% | −1.5% |
| YTD | +25.5% | +23.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.2% | +17.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +58.8%+16.7%/yr | +49.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −12.8%−2.7%/yr | −18.9% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +148.4%+9.5%/yr | +123.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +654.7%+14.4%/yr | +557.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionFeb 1, 2007 | +754.3%+11.5%/yr | +594.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: UGE vs SPY
From Feb 1, 2007: UGE grew to $85,430, SPY to $75,332.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UGE returns by calendar year
14 of 18 full years positive. Best 2013 (+69.6%), worst 2008 (−51.4%). 2026 is year to date.
UGE annual returns table
| Year | UGE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +25.5% | −21.4% | +12.3% | +15.1% | −1.0% |
| 2025 | −5.2% | −20.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +16.4% | −13.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +2.4% | −27.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −46.8% | −51.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +42.4% | −17.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +56.7% | −57.1% | +18.3% | +48.6% | +7.5% |
| 2019 | +58.3% | −13.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −30.1% | −38.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +32.4% | −8.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +6.9% | −16.0% | +12.0% | +7.1% | +2.4% |
| 2015 | +7.4% | −20.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +25.3% | −14.2% | +13.5% | +19.2% | +6.0% |
| 2013 | +69.6% | −12.2% | +32.3% | +36.6% | −2.0% |
| 2012 | +20.9% | −13.3% | +16.0% | +18.1% | +3.8% |
| 2011 | +12.6% | −26.3% | +1.9% | +3.4% | +7.7% |
| 2010 | +36.6% | −21.2% | +15.1% | +19.9% | +6.4% |
| 2009 | +47.0% | −39.8% | +26.4% | +54.7% | +3.0% |
| 2008 | −51.4% | −61.3% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
UGE largest drawdowns
Now 29.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Dec 10, 2007 | −71.4% | Mar 9, 2009 | Apr 15, 2011 | 1.2 years | 3.3 years |
| Feb 20, 2020 | −57.1% | Mar 23, 2020 | Aug 17, 2020 | 32 days | 6 months |
| Jan 4, 2022 | −56.5% | Oct 12, 2023 | not yet | 1.8 years | 4.8 years so far |
| Jan 23, 2018 | −38.5% | Dec 24, 2018 | Dec 11, 2019 | 11 months | 1.9 years |
| Jul 7, 2011 | −26.3% | Oct 4, 2011 | Feb 9, 2012 | 3 months | 7 months |
| Aug 10, 2015 | −20.5% | Aug 24, 2015 | Oct 22, 2015 | 14 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UGE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +8.1% | −3.5% | +7.1% | +10.9% |
| Volatility (annualized) | 23.5% | 30.5% | 31.3% | 29.3% |
| Sharpe ratio | 0.26 | -0.08 | 0.30 | 0.45 |
| Sortino ratio | 0.40 | -0.12 | 0.47 | 0.69 |
| Best month | +15.6% | +25.9% | +27.0% | +27.0% |
| Worst month | −16.6% | −18.0% | −26.0% | −31.1% |
| Best 12 months | +41.7% | +41.7% | +161.3% | +161.3% |
| Worst 12 months | −13.5% | −46.8% | −46.8% | −59.5% |
| Positive months | 56% | 53% | 56% | 57% |
| Beta vs S&P 500 | 0.66 | 1.33 | 1.59 | — |
| Correlation with S&P 500 | 0.35 | 0.68 | 0.78 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
UGE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 225 | −59.5% | +14.6% | +161.3% | 72% |
| 3-year (a year) | 201 | −14.1% | +14.8% | +52.7% | 80% |
| 5-year (a year) | 177 | −4.5% | +14.0% | +44.6% | 94% |
| 10-year (a year) | 117 | +7.1% | +15.5% | +26.4% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
UGE performance overview
ProShares Ultra Consumer Goods (UGE) returned +20.2% over the past year and +9.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +11.5% a year, turning $10,000 into about $85,430. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −71.4%, from Dec 10, 2007 to Mar 9, 2009, and it took 2.1 years to get back to the old high. UGE finished 14 of its 18 full calendar years with a gain; the best year was 2013 (+69.6%) and the worst 2008 (−51.4%). Volatility has been 29.3% a year.
Related: UGE chart, UGE dividends. See the UGE overview for the latest quote and fund facts.
UGE performance FAQ
What is the UGE return over the past year?
UGE returned +20.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 17.5%.
What is the average annual return of UGE?
UGE has returned −2.7% a year over 5 years, +9.5% a year over 10 years, +11.5% a year since February 1, 2007 (total return, distributions reinvested).
How much would $10,000 invested in UGE be worth?
$10,000 invested in UGE at its first recorded close on February 1, 2007 would be worth about $85,430 on October 23, 2026 with distributions reinvested.
What was the worst year for UGE?
The worst calendar year was 2008, with a total return of −51.4%. The best was 2013 at +69.6%.
What is the biggest drawdown of UGE?
The largest peak-to-trough decline was −71.4% between December 10, 2007 and March 9, 2009. It recovered to the old high on April 15, 2011, 2.1 years after the bottom.
How volatile is UGE?
Over the past 3 years UGE had an annualized volatility of 23.5% and a Sharpe ratio of 0.26 (excess return over 1–3 month T-bills per unit of risk).