ProShares UltraShort Bloomberg Crude Oil (SCO)
SCO is a passive ETF by ProShares tracking the investment results of the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). SCO launched on Nov 24, 2008 and has a 0.95% expense ratio.
ETF Info
US74347W6681
74347Y862
Nov 24, 2008
Global (Broad)
2x
Bloomberg Commodity Balanced WTI Crude Oil Index (-200%)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in ProShares UltraShort Bloomberg Crude Oil, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
ProShares UltraShort Bloomberg Crude Oil had a return of -15.80% year-to-date (YTD) and -6.34% in the last 12 months. Over the past 10 years, ProShares UltraShort Bloomberg Crude Oil had an annualized return of -27.25%, while the S&P 500 had an annualized return of 11.16%, indicating that ProShares UltraShort Bloomberg Crude Oil did not perform as well as the benchmark.
SCO
-15.80%
0.17%
1.62%
-6.34%
-42.42%
-27.25%
^GSPC (Benchmark)
24.72%
1.67%
12.93%
30.55%
13.88%
11.16%
Monthly Returns
The table below presents the monthly returns of SCO, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -10.00% | -3.83% | -11.39% | -0.06% | 6.00% | -8.25% | 5.07% | 9.05% | 9.19% | -8.42% | -15.80% | ||
| 2023 | 0.55% | 5.17% | 0.00% | -3.97% | 19.45% | -11.16% | -24.01% | -4.51% | -9.81% | 6.72% | 8.75% | 7.02% | -12.41% |
| 2022 | -23.92% | -15.36% | -29.48% | -8.81% | -20.49% | 9.24% | -1.53% | 8.72% | 23.34% | -18.59% | -2.03% | -1.24% | -62.59% |
| 2021 | -12.20% | -28.57% | -2.05% | -14.27% | -11.09% | -16.93% | -6.24% | 6.30% | -15.90% | -13.83% | 27.91% | -23.79% | -72.62% |
| 2020 | 36.05% | 28.68% | 135.03% | -6.86% | -49.91% | -21.74% | -7.95% | -10.18% | 11.13% | 18.37% | -32.95% | -12.55% | -4.20% |
| 2019 | -29.30% | -10.34% | -9.05% | -12.50% | 40.08% | -17.25% | -2.16% | 4.84% | -7.52% | -1.05% | -7.09% | -18.62% | -58.50% |
| 2018 | -14.50% | 8.38% | -12.35% | -11.58% | 1.81% | -16.98% | 9.19% | -6.39% | -11.42% | 23.56% | 56.47% | 12.18% | 19.22% |
| 2017 | 5.15% | -2.94% | 13.22% | 6.92% | 2.40% | 7.92% | -16.45% | 9.78% | -14.89% | -10.02% | -10.18% | -9.90% | -22.40% |
| 2016 | 17.33% | 0.87% | -17.22% | -30.00% | -10.84% | -0.12% | 35.03% | -13.95% | -14.70% | 5.49% | -13.14% | -14.61% | -52.63% |
| 2015 | 18.92% | -15.48% | 13.30% | -35.52% | -0.78% | 2.46% | 55.53% | -11.86% | 10.05% | -6.70% | 25.68% | 32.25% | 74.65% |
| 2014 | 1.74% | -10.96% | -0.24% | 0.14% | -7.31% | -7.10% | 13.49% | 3.15% | 6.21% | 23.40% | 37.92% | 46.93% | 142.31% |
| 2013 | -11.13% | 13.22% | -10.00% | 7.81% | 1.85% | -9.35% | -16.90% | -8.12% | 8.70% | 10.20% | 6.52% | -11.07% | -21.91% |
Expense Ratio
SCO has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SCO is 6, indicating that it is in the bottom 6% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares UltraShort Bloomberg Crude Oil. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares UltraShort Bloomberg Crude Oil was 99.50%, occurring on Jul 3, 2024. The portfolio has not yet recovered.
The current ProShares UltraShort Bloomberg Crude Oil drawdown is 99.41%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -99.5% | Feb 19, 2009 | 3869 | Jul 3, 2024 | — | — | — |
| -47.72% | Dec 26, 2008 | 7 | Jan 6, 2009 | 27 | Feb 13, 2009 | 34 |
| -26.24% | Dec 8, 2008 | 4 | Dec 11, 2008 | 7 | Dec 22, 2008 | 11 |
| -15.36% | Nov 26, 2008 | 1 | Nov 26, 2008 | 2 | Dec 1, 2008 | 3 |
Volatility
Volatility Chart
The current ProShares UltraShort Bloomberg Crude Oil volatility is 16.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.