Leveraged Commodities

The ProShares Ultra Bloomberg Crude Oil ETF (UCO) seeks daily investment results of 2x (200%) the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index, which tracks WTI crude oil futures across three roll schedules. It uses futures and swaps to deliver leveraged commodity exposure for short-term tactical trading and is not designed to be held long term due to daily compounding. The fund launched in November 2008.

NYSEArca

OILU

ProShares Ultra Gold seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Gold Subindex.

The ProShares Ultra Silver (AGQ) is a leveraged exchange-traded fund that seeks daily investment results corresponding to two times (2x) the daily performance of the Bloomberg Silver Subindex, a benchmark for silver futures. AGQ achieves its leveraged exposure primarily through COMEX silver futures contracts and swap agreements. Because returns compound daily, the fund is intended for short-term tactical trading rather than buy-and-hold investing, and performance over periods longer than a single day can diverge significantly from 2x the underlying index's return. AGQ was launched on December 1, 2008, and is managed by ProShares.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
UCO	ProShares Ultra Bloomberg Crude Oil	0.95	0.19	0.06	29
OILU	MicroSectors Oil & Gas Exploration & Production 3X...	0.91	—	—	28
DGP	DB Gold Double Long Exchange Traded Notes	0.52	0.72	0.46	18
UGL	ProShares Ultra Gold	0.46	0.68	0.45	17
AGQ	ProShares Ultra Silver	0.28	0.10	0.07	19

Top Leveraged Commodities ETFs by Sharpe Ratio

Top Leveraged Commodities ETFs by Sharpe Ratio