ASTX vs. UCO

Last updated Jun 24, 2026

ASTX (Tradr 2X Long ASTS Daily ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - ASTX is a Leveraged Equities fund actively managed by Tradr, while UCO is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (200%). ASTX is actively managed, while UCO is passively managed. At a 0.04 correlation, their price movements are largely independent. ASTX charges 1.30%/yr vs 0.95%/yr for UCO.

Performance

ASTX vs. UCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long ASTS Daily ETF (ASTX) and ProShares Ultra Bloomberg Crude Oil (UCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASTX achieves a -52.35% return, which is significantly lower than UCO's 81.88% return.

ASTX

• 1D: -0.86%
• 1M: -60.80%
• YTD: -52.35%
• 6M: -66.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UCO

• 1D: -1.26%
• 1M: -25.61%
• YTD: 81.88%
• 6M: 76.32%
• 1Y: 42.04%
• 3Y*: 15.38%
• 5Y*: 12.42%
• 10Y*: 19.46%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASTX vs. UCO - Yearly Performance Comparison

	2026 (YTD)	2025
ASTX Tradr 2X Long ASTS Daily ETF	-52.35%	63.68%
UCO ProShares Ultra Bloomberg Crude Oil	81.88%	-17.93%

Correlation

The correlation between ASTX and UCO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.04

Return for Risk

ASTX vs. UCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UCO

UCO Risk / Return Rank: 24
UCO Sharpe Ratio Rank: 22
UCO Sortino Ratio Rank: 24
UCO Omega Ratio Rank: 24
UCO Calmar Ratio Rank: 27
UCO Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASTX vs. UCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ASTS Daily ETF (ASTX) and ProShares Ultra Bloomberg Crude Oil (UCO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ASTX	UCO	Difference
Sharpe ratio: Return per unit of total volatility	—	0.75	—
Sortino ratio: Return per unit of downside risk	—	1.30	—
Omega ratio: Gain probability vs. loss probability	—	1.16	—
Calmar ratio: Return relative to maximum drawdown	—	1.30	—
Martin ratio: Return relative to average drawdown	—	2.61	—

Drawdowns

ASTX vs. UCO - Drawdown Comparison

The maximum ASTX drawdown since its inception was -80.72%, smaller than the maximum UCO drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for ASTX and UCO.

Drawdown Indicators

	ASTX	UCO	Difference
Max Drawdown Largest peak-to-trough decline	-80.72%	-99.86%	+19.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-32.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-50.38%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-67.24%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-96.50%	—
Current Drawdown Current decline from peak	-80.72%	-85.89%	+5.17%
Average Drawdown Average peak-to-trough decline	-45.59%	-82.11%	+36.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	16.23%	—

Volatility

Volatility by Period

	ASTX	UCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	48.06%	—
Volatility (1Y) Calculated over the trailing 1-year period	214.01%	57.57%	+156.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	214.01%	60.09%	+153.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	214.01%	317.77%	-103.76%

ASTX vs. UCO - Expense Ratio Comparison

ASTX has a 1.30% expense ratio, which is higher than UCO's 0.95% expense ratio.

Dividends

ASTX vs. UCO - Dividend Comparison

Neither ASTX nor UCO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ASTX and UCO in my portfolio?

ASTX and UCO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASTX or UCO?

On fees, UCO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASTX or UCO?

UCO is cheaper with a 0.95% expense ratio, compared with 1.30% for ASTX.

Which ETF pays a higher dividend yield, ASTX or UCO?

ASTX and UCO have nearly identical dividend yields, around 0.00%.

What is the main difference between ASTX and UCO?

ASTX is categorized as Leveraged Equities, while UCO is Oil & Gas. They also come from different issuers: Tradr and ProShares. Their fees differ too: 1.30% for ASTX and 0.95% for UCO.