ProShares Ultra Bloomberg Crude Oil (UCO) Alternatives
ProShares Ultra Bloomberg Crude Oil (UCO) belongs to the Leveraged Commodities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UCO. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to UCO
UCO charges 0.95% annually. Among ETFs in the Leveraged Commodities category, these options have the lowest expense ratios among UCO alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Simplify Gold Strategy PLUS Income ETF | 0.50% | Dec 2, 2024 | UCO vs YGLD | |
| DB Gold Double Long Exchange Traded Notes | 0.75% | Feb 27, 2008 | UCO vs DGP | |
| DB Gold Double Short Exchange Traded Notes | 0.75% | Feb 27, 2008 | UCO vs DZZ | |
| ProShares Ultra Silver | 0.93% | Dec 1, 2008 | UCO vs AGQ | |
| Defiance Daily Target 2X Long Copper ETF | 0.95% | Feb 17, 2026 | UCO vs COPZ |
Best Risk-Adjusted Alternatives to UCO
Among ETFs in the Leveraged Commodities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| DB Gold Double Long Exchange Traded Notes | 86 | Feb 27, 2008 | UCO vs DGP | |
| ProShares Ultra Gold | 81 | Dec 1, 2008 | UCO vs UGL | |
| MicroSectors Gold 3X Leveraged ETN | 74 | Feb 24, 2023 | UCO vs SHNY | |
| ProShares Ultra Silver | 73 | Dec 1, 2008 | UCO vs AGQ | |
| Simplify Gold Strategy PLUS Income ETF | 71 | Dec 2, 2024 | UCO vs YGLD |
Top Performing UCO Alternatives (YTD)
UCO alternatives from the Leveraged Commodities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 112.51% | Mar 24, 2017 | UCO vs OILU | |
| DB Gold Double Long Exchange Traded Notes | 16.89% | Feb 27, 2008 | UCO vs DGP | |
| ProShares Ultra Gold | 14.36% | Dec 1, 2008 | UCO vs UGL | |
| MicroSectors Gold 3X Leveraged ETN | 11.56% | Feb 24, 2023 | UCO vs SHNY | |
| Roundhill Gold WeeklyPay ETF | 10.77% | Oct 30, 2025 | UCO vs GLDW |
Lowest Volatility Alternatives to UCO
UCO alternatives from the Leveraged Commodities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Roundhill Gold WeeklyPay ETF | 41.16% | Oct 30, 2025 | UCO vs GLDW | |
| Simplify Gold Strategy PLUS Income ETF | 43.73% | Dec 2, 2024 | UCO vs YGLD | |
| ProShares UltraShort Gold | 54.80% | Dec 1, 2008 | UCO vs GLL | |
| DB Gold Double Long Exchange Traded Notes | 55.32% | Feb 27, 2008 | UCO vs DGP | |
| ProShares Ultra Gold | 55.46% | Dec 1, 2008 | UCO vs UGL |
Lowest Drawdown Alternatives to UCO
UCO alternatives from the Leveraged Commodities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Simplify Gold Strategy PLUS Income ETF | -34.23% | Dec 2, 2024 | UCO vs YGLD | |
| DB Gold Double Long Exchange Traded Notes | -36.58% | Feb 27, 2008 | UCO vs DGP | |
| ProShares Ultra Gold | -37.56% | Dec 1, 2008 | UCO vs UGL | |
| MicroSectors Oil & Gas Exploration & Production 3X... | -52.04% | Mar 24, 2017 | UCO vs OILU | |
| MicroSectors Gold 3X Leveraged ETN | -54.35% | Feb 24, 2023 | UCO vs SHNY |
Other ETFs from ProShares
Most popular ProShares ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 47 | -17.87% | Feb 9, 2010 | UCO vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency, Actively Managed | 5 | -22.79% | Oct 19, 2021 | UCO vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities, Leveraged | 53 | -11.23% | Jun 21, 2006 | UCO vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 40 | -14.14% | Jun 23, 2009 | UCO vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 45 | -8.90% | Jun 19, 2006 | UCO vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 23 | 2.32% | Oct 9, 2013 | UCO vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 89 | -4.90% | Jan 30, 2007 | UCO vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Leveraged | 2 | 13.99% | Feb 9, 2010 | UCO vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Leveraged, Volatility | 5 | 40.61% | Oct 3, 2011 | UCO vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 3 | -46.65% | Apr 1, 2024 | UCO vs BITU |
Often Compared With UCO
What investors most often compare with UCO, based on PortfoliosLab usage data.
Compare UCO with Any Fund or Stock
Compare UCO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.