C vs. UCO

Last updated Jun 4, 2026

C (Citigroup Inc.) is a stock, while UCO (ProShares Ultra Bloomberg Crude Oil) is Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). Over the past 10 years, C returned 14.47%/yr vs -11.31%/yr for UCO. At a 0.26 correlation, their price movements are largely independent.

Performance

C vs. UCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Citigroup Inc. (C) 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, C achieves a 12.46% return, which is significantly lower than UCO's 149.12% return. Over the past 10 years, C has outperformed UCO with an annualized return of 14.47%, while UCO has yielded a comparatively lower -11.31% annualized return.

C

• 1D: -1.01%
• 1M: 3.42%
• YTD: 12.46%
• 6M: 22.96%
• 1Y: 73.63%
• 3Y*: 45.73%
• 5Y*: 14.21%
• 10Y*: 14.47%

UCO

• 1D: 2.71%
• 1M: -4.64%
• YTD: 149.12%
• 6M: 137.09%
• 1Y: 120.48%
• 3Y*: 25.90%
• 5Y*: 22.16%
• 10Y*: -11.31%

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

C vs. UCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
C Citigroup Inc.	12.46%	70.38%	41.93%	18.98%	-22.09%	0.93%	-19.70%	57.82%	-28.49%	27.03%
UCO ProShares Ultra Bloomberg Crude Oil	149.12%	-29.75%	5.36%	-13.89%	39.71%	139.26%	-92.91%	53.83%	-43.26%	0.34%

Correlation

The correlation between C and UCO is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Nov 26, 2008	0.26

The correlation between C and UCO shifts across timeframes, from -0.15 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.

Return for Risk

C vs. UCO — Risk / Return Rank

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

C

C Risk / Return Rank: 91
C Sharpe Ratio Rank: 92
C Sortino Ratio Rank: 90
C Omega Ratio Rank: 89
C Calmar Ratio Rank: 91
C Martin Ratio Rank: 92

UCO

UCO Risk / Return Rank: 54
UCO Sharpe Ratio Rank: 62
UCO Sortino Ratio Rank: 50
UCO Omega Ratio Rank: 50
UCO Calmar Ratio Rank: 69
UCO Martin Ratio Rank: 41

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.

C vs. UCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Citigroup Inc. (C) 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.

	C	UCO	Difference
Sharpe ratio: Return per unit of total volatility	2.66	2.12	+0.54
Sortino ratio: Return per unit of downside risk	3.30	2.46	+0.84
Omega ratio: Gain probability vs. loss probability	1.42	1.32	+0.10
Calmar ratio: Return relative to maximum drawdown	5.01	3.49	+1.53
Martin ratio: Return relative to average drawdown	14.45	6.60	+7.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

C vs. UCO - Sharpe Ratio Comparison

The current C Sharpe Ratio is 2.66, which is comparable to the UCO Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of C and UCO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	C	UCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	2.12	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.37	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	-0.16	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	-0.34	+0.49

Drawdowns

C vs. UCO - Drawdown Comparison

The maximum C drawdown since its inception was -98.00%, roughly equal to the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for C and UCO.

Drawdown Indicators

	C	UCO	Difference
Max Drawdown Largest peak-to-trough decline	-98.00%	-99.95%	+1.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.76%	-34.77%	+20.01%
Max Drawdown (3Y) Largest decline over 3 years	-31.31%	-50.38%	+19.07%
Max Drawdown (5Y) Largest decline over 5 years	-47.56%	-67.24%	+19.68%
Max Drawdown (10Y) Largest decline over 10 years	-56.51%	-98.75%	+42.24%
Current Drawdown Current decline from peak	-65.32%	-99.23%	+33.91%
Average Drawdown Average peak-to-trough decline	-43.50%	-85.49%	+41.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	18.33%	-13.22%

Volatility

C vs. UCO - Volatility Comparison

The current volatility for Citigroup Inc. (C) is 7.44%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.83%. This indicates that C experiences smaller price fluctuations and is considered to be less risky than UCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	C	UCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	20.83%	-13.39%
Volatility (6M) Calculated over the trailing 6-month period	22.66%	46.44%	-23.78%
Volatility (1Y) Calculated over the trailing 1-year period	27.86%	57.11%	-29.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.11%	59.78%	-30.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.20%	71.36%	-38.16%

Dividends

C vs. UCO - Dividend Comparison

C's dividend yield for the trailing twelve months is around 1.85%, while UCO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
C Citigroup Inc.	1.85%	1.99%	3.10%	4.04%	4.51%	3.38%	3.31%	2.40%	2.96%	1.29%	0.71%	0.31%
UCO ProShares Ultra Bloomberg Crude Oil	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both C and UCO in my portfolio?

C and UCO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, C or UCO?

UCO has higher volatility (20.83%) compared to C (7.44%). In terms of maximum drawdown, C dropped -98.00% vs UCO's -99.95%.

Which has better risk-adjusted returns?

C currently has the higher Sharpe Ratio (2.66 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.