CVS vs. UCO
CVS (CVS Health Corporation) 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, CVS returned 2.58%/yr vs -11.31%/yr for UCO. At a 0.16 correlation, their price movements are largely independent.
Performance
CVS vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, CVS achieves a 17.10% return, which is significantly lower than UCO's 149.12% return. Over the past 10 years, CVS has outperformed UCO with an annualized return of 2.58%, while UCO has yielded a comparatively lower -11.31% annualized return.
CVS
- 1D
- 2.09%
- 1M
- 11.41%
- YTD
- 17.10%
- 6M
- 23.91%
- 1Y
- 48.94%
- 3Y*
- 13.62%
- 5Y*
- 4.52%
- 10Y*
- 2.58%
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%
CVS vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 17.10% | 84.35% | -40.77% | -12.53% | -7.63% | 54.87% | -5.14% | 17.26% | -7.04% | -5.75% |
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 CVS and UCO is -0.07, 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 (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2008 | 0.16 |
The correlation between CVS and UCO shifts across timeframes, from -0.07 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CVS vs. UCO — Risk / Return Rank
CVS
UCO
CVS vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CVS Health Corporation (CVS) 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.
| CVS | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.49 | -0.49 |
| Martin ratioReturn relative to average drawdown | 7.71 | 6.60 | +1.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CVS | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 2.12 | -0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.37 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | -0.16 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | -0.34 | +0.67 |
Drawdowns
CVS vs. UCO - Drawdown Comparison
The maximum CVS drawdown since its inception was -64.07%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for CVS and UCO.
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Drawdown Indicators
| CVS | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.07% | -99.95% | +35.88% |
Max Drawdown (1Y)Largest decline over 1 year | -16.44% | -34.77% | +18.33% |
Max Drawdown (3Y)Largest decline over 3 years | -43.98% | -50.38% | +6.40% |
Max Drawdown (5Y)Largest decline over 5 years | -56.79% | -67.24% | +10.45% |
Max Drawdown (10Y)Largest decline over 10 years | -56.79% | -98.75% | +41.96% |
Current DrawdownCurrent decline from peak | -6.87% | -99.23% | +92.36% |
Average DrawdownAverage peak-to-trough decline | -19.56% | -85.49% | +65.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.37% | 18.33% | -11.96% |
Volatility
CVS vs. UCO - Volatility Comparison
The current volatility for CVS Health Corporation (CVS) is 11.02%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.83%. This indicates that CVS 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.
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Volatility by Period
| CVS | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.02% | 20.83% | -9.81% |
Volatility (6M)Calculated over the trailing 6-month period | 26.04% | 46.44% | -20.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.79% | 57.11% | -26.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.91% | 59.78% | -29.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.28% | 71.36% | -42.08% |
Dividends
CVS vs. UCO - Dividend Comparison
CVS's dividend yield for the trailing twelve months is around 2.91%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVS CVS Health Corporation | 2.91% | 3.35% | 5.93% | 3.06% | 2.36% | 1.94% | 2.93% | 2.69% | 3.05% | 2.76% | 2.15% | 1.43% |
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
CVS and UCO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCO has higher volatility (20.83%) compared to CVS (11.02%). In terms of maximum drawdown, CVS dropped -64.07% vs UCO's -99.95%.
UCO currently has the higher Sharpe Ratio (2.12 vs 1.60), 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.
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