DFMC vs. UCO

Last updated Jun 4, 2026

DFMC (Dimensional US Micro Cap Portfolio ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - DFMC is a Small Cap Blend Equities fund actively managed by Dimensional Fund Advisors, while UCO is a Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). DFMC is actively managed, while UCO is passively managed. At a correlation of -0.56, they often move in opposite directions. DFMC charges 0.41%/yr vs 0.95%/yr for UCO.

Performance

DFMC vs. UCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Micro Cap Portfolio ETF (DFMC) and ProShares Ultra Bloomberg Crude Oil (UCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFMC

• 1D: -1.12%
• 1M: 1.77%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

DFMC vs. UCO - Yearly Performance Comparison

	2026 (YTD)
DFMC Dimensional US Micro Cap Portfolio ETF	11.97%
UCO ProShares Ultra Bloomberg Crude Oil	26.89%

Correlation

The correlation between DFMC and UCO is -0.56, 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 (All Time) Calculated using the full available price history since Mar 24, 2026	-0.56

Return for Risk

DFMC vs. UCO — Risk / Return Rank

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

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.

DFMC vs. UCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Micro Cap Portfolio ETF (DFMC) 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.

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

Sharpe Ratios by Period

	DFMC	UCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.12	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.16	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.79	-0.34	+5.13

Drawdowns

DFMC vs. UCO - Drawdown Comparison

The maximum DFMC drawdown since its inception was -4.29%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for DFMC and UCO.

Drawdown Indicators

	DFMC	UCO	Difference
Max Drawdown Largest peak-to-trough decline	-4.29%	-99.95%	+95.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-34.77%	—
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	—	-98.75%	—
Current Drawdown Current decline from peak	-1.12%	-99.23%	+98.11%
Average Drawdown Average peak-to-trough decline	-0.84%	-85.49%	+84.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.33%	—

Volatility

Volatility by Period

	DFMC	UCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	16.19%	57.11%	-40.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.19%	59.78%	-43.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.19%	71.36%	-55.17%

DFMC vs. UCO - Expense Ratio Comparison

DFMC has a 0.41% expense ratio, which is lower than UCO's 0.95% expense ratio.

Dividends

DFMC vs. UCO - Dividend Comparison

Neither DFMC nor UCO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DFMC and UCO in my portfolio?

DFMC and UCO have a correlation of -0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFMC or UCO?

On fees, DFMC is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFMC or UCO?

DFMC is cheaper with a 0.41% expense ratio, compared with 0.95% for UCO.

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

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

What is the main difference between DFMC and UCO?

DFMC is categorized as Small Cap Blend Equities, while UCO is Leveraged Commodities. They also come from different issuers: Dimensional Fund Advisors and ProShares. Their fees differ too: 0.41% for DFMC and 0.95% for UCO.