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ETFs

ProShares Ultra Consumer Staples

UGE
$--
Today’s Change
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Snapshot
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Inception Date
Jan 30 2007
Expense Ratio
0.95%
Type
US Equities
Fund Owner
ProShares
Volume (1m avg. daily)
$74,046
AUM
$8,116,300
Associated Index
S&P Consumer Staples Select Sector Index
Inverse/Leveraged
Leveraged (2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Net Other Assets (Liabilities)
17.51%
PG
Procter & Gamble Co.
11.58%
PEP
PepsiCo Inc
8.57%
KO
Coca-Cola Co
7.97%
COST
Costco Wholesale Corp
7.72%
WMT
Walmart Inc
3.88%
MDLZ
Mondelez International Inc. - Ordinary Shares - Class A
3.82%
PM
Philip Morris International Inc
3.34%
MO
Altria Group Inc.
3.06%
CL
Colgate-Palmolive Co.
2.42%
Invest with UGE

What is UGE?

ProShares Ultra Consumer Staples seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Consumer Staples Select Sector Index.

ETFs related toUGE

ETFs correlated to UGE include IYC, WANT, XLY

UGE
ProShares Trust - ProShares Ultra Consumer Staples
IYC
BlackRock Institutional Trust Company N.A. - iShares U.S. Consumer Discretionary ETF
WANT
Direxion Shares ETF Trust - Direxion Daily Consumer Discretionary Bull 3X Shares
XLY
SSgA Active Trust - Consumer Discretionary Select Sector SPDR
FDIS
Fidelity Covington Trust - Fidelity MSCI Consumer Discretionary Index ETF
VCR
Vanguard Group, Inc. - Vanguard Consumer Discretionary ETF
SFY
Tidal ETF Trust - SoFi Select 500 ETF
BJUN
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - June
PBUS
Invesco Capital Management LLC - Invesco PureBeta SM MSCI USA ETF
CGGR
Capital Group Companies Inc - Capital Group Growth ETF
VONE
Vanguard Group, Inc. - Vanguard Russell 1000 Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUGE

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with UGE using Composer

FAQ

UGE is a US Equities ETF. ProShares Ultra Consumer Staples seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P Consumer Staples Select Sector Index.

UGE tracks the S&P Consumer Staples Select Sector Index.

No, UGE is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UGE is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UGE is -0.1239%. This is the percent change in the value of UGE over the most recent 1-month period. The 3-month return on UGE is -0.0371%. This is the percent change in the value of UGE over the most recent 3-month period.

The standard deviation of UGE for the past year is 0.4008%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UGE include XLP, SZK, and SSO.

ETFs correlated to UGE include IYC, WANT, and XLY.

ETFs that are inversely correlated to UGE include SPDN, SPXU, and SPXS.

Yes, UGE is a Leveraged (2x) ETF: This means that UGE will try to match the performance of S&P Consumer Staples Select Sector Index, but with 2x the returns.

Yes, UGE is a Leveraged (2x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of S&P Consumer Staples Select Sector Index, but move 2x in the opposite direction.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.