ProShares Ultra Bloomberg Crude Oil (UCO) belongs to the Oil & Gas 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 a closer substitute for your current allocation.
Cheapest Alternatives to UCO
UCO charges 0.95% annually. There are 8 ETFs in the Oil & Gas category with lower expense ratios, going as low as 0.69%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares K-1 Free Crude Oil ETF | 0.69% | 203.26M | Sep 2016 | UCO vs OILK | |
| United States Gasoline Fund LP | 0.75% | 135.15M | Feb 2008 | UCO vs UGA | |
| Invesco DB Oil Fund | 0.78% | 257.23M | Jan 2007 | UCO vs DBO | |
| Invesco DB Energy Fund | 0.78% | 99.84M | Jan 2007 | UCO vs DBE | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | 0.85% | 254.25M | Apr 2017 | UCO vs USOI |
Best Risk-Adjusted Alternatives to UCO
UCO has a PortfoliosLab risk / return rank of 39. There are 8 ETFs in the Oil & Gas category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| United States Gasoline Fund LP | 87 | 135.15M | Feb 2008 | UCO vs UGA | |
| Invesco DB Energy Fund | 72 | 99.84M | Jan 2007 | UCO vs DBE | |
| Invesco DB Oil Fund | 58 | 257.23M | Jan 2007 | UCO vs DBO | |
| MicroSectors Oil & Gas Exploration & Production 3X... | 56 | 65.33M | Nov 2021 | UCO vs OILU | |
| United States Oil Fund LP | 55 | 1.99B | Apr 2006 | UCO vs USO |
Top Performing UCO Alternatives (YTD)
UCO is at 109.21% YTD. No ETFs in the Oil & Gas category have higher YTD returns; the top-performing alternatives shown here go as high as 95.09%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| MicroSectors Oil & Gas Exploration & Production 3X... | 95.09% | 65.33M | Nov 2021 | UCO vs OILU | |
| United States Gasoline Fund LP | 91.06% | 135.15M | Feb 2008 | UCO vs UGA | |
| United States Oil Fund LP | 86.77% | 1.99B | Apr 2006 | UCO vs USO | |
| Invesco DB Energy Fund | 78.87% | 99.84M | Jan 2007 | UCO vs DBE | |
| United States Brent Oil Fund LP | 77.90% | 615.26M | Jun 2010 | UCO vs BNO |
Lowest Volatility Alternatives to UCO
UCO has 60.01% 1-year volatility. There are 11 ETFs in the Oil & Gas category with lower 1-year volatility, going as low as 24.74%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | 24.74% | 254.25M | Apr 2017 | UCO vs USOI | |
| United States 12 Month Oil Fund LP | 29.92% | 44.96M | Dec 2007 | UCO vs USL | |
| ProShares K-1 Free Crude Oil ETF | 30.21% | 203.26M | Sep 2016 | UCO vs OILK | |
| United States 12 Month Natural Gas Fund LP | 34.75% | 16.16M | Nov 2009 | UCO vs UNL | |
| United States Gasoline Fund LP | 36.11% | 135.15M | Feb 2008 | UCO vs UGA |
Lowest Drawdown Alternatives to UCO
UCO has a 1-year max drawdown of -38.55%. There are 9 ETFs in the Oil & Gas category with shallower 1-year drawdowns, going as shallow as -20.32%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| United States Gasoline Fund LP | -20.32% | 135.15M | Feb 2008 | UCO vs UGA | |
| United States 12 Month Oil Fund LP | -20.91% | 44.96M | Dec 2007 | UCO vs USL | |
| ProShares K-1 Free Crude Oil ETF | -21.19% | 203.26M | Sep 2016 | UCO vs OILK | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -23.54% | 254.25M | Apr 2017 | UCO vs USOI | |
| Invesco DB Energy Fund | -24.72% | 99.84M | Jan 2007 | UCO vs DBE |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 36 | 23.06% | 32.83B | Feb 2010 | UCO vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 39 | 18.94% | 12.76B | Jun 2006 | UCO vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -29.42% | 1.41B | Oct 2021 | UCO vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 50 | 21.72% | 5.15B | Jun 2009 | UCO vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 16.14% | 7.81B | Jun 2006 | UCO vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 47 | 10.84% | 11.68B | Oct 2013 | UCO vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 52 | 50.25% | 2.47B | Jan 2007 | UCO vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 2 | -34.61% | 2.00B | Feb 2010 | UCO vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 44 | 10.08% | 394.37M | Mar 2024 | UCO vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.24% | 244.68M | Oct 2011 | UCO vs UVXY |
Often Compared With UCO
Investors most often compare UCO with SCO, BOIL, ERX. These 20 comparison targets span 12 categories, 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.
Pair UCO with funds that move differently
ProShares Ultra Bloomberg Crude Oil alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UCO.
Explore UCO Diversifiers