DJD vs. UCO
DJD (Invesco Dow Jones Industrial Average Dividend ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - DJD is a Large Cap Value Equities fund tracking the Dow Jones Industrial Average Yield Weighted Index, while UCO is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (200%). Both are passively managed. Over the past 10 years, DJD returned 12.22%/yr vs 18.97%/yr for UCO. At a 0.22 correlation, their price movements are largely independent. DJD charges 0.07%/yr vs 0.95%/yr for UCO.
Performance
DJD vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, DJD achieves a 10.48% return, which is significantly lower than UCO's 89.65% return. Over the past 10 years, DJD has underperformed UCO with an annualized return of 12.22%, while UCO has yielded a comparatively higher 18.97% annualized return.
DJD
- 1D
- -0.48%
- 1M
- 1.90%
- YTD
- 10.48%
- 6M
- 11.05%
- 1Y
- 24.59%
- 3Y*
- 16.39%
- 5Y*
- 11.20%
- 10Y*
- 12.22%
UCO
- 1D
- 0.22%
- 1M
- -23.87%
- YTD
- 89.65%
- 6M
- 93.97%
- 1Y
- 33.48%
- 3Y*
- 14.78%
- 5Y*
- 14.79%
- 10Y*
- 18.97%
DJD vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DJD Invesco Dow Jones Industrial Average Dividend ETF | 10.48% | 15.83% | 13.66% | 9.41% | -0.73% | 22.40% | 0.87% | 22.00% | 0.03% | 21.65% |
UCO ProShares Ultra Bloomberg Crude Oil | 89.65% | -29.75% | 5.36% | -13.89% | 39.71% | 139.26% | 77.27% | 53.83% | -43.26% | 0.34% |
Correlation
The correlation between DJD and UCO is -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Dec 16, 2015 | 0.22 |
The correlation between DJD and UCO shifts across timeframes, from -0.20 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DJD vs. UCO — Risk / Return Rank
DJD
UCO
DJD vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) 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.
| DJD | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.14 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.38 | 0.97 | +3.41 |
| Martin ratioReturn relative to average drawdown | 12.91 | 1.79 | +11.12 |
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Drawdowns
DJD vs. UCO - Drawdown Comparison
The maximum DJD drawdown since its inception was -34.66%, smaller than the maximum UCO drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for DJD and UCO.
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Drawdown Indicators
| DJD | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.66% | -99.86% | +65.20% |
Max Drawdown (1Y)Largest decline over 1 year | -5.64% | -34.77% | +29.13% |
Max Drawdown (3Y)Largest decline over 3 years | -12.28% | -50.38% | +38.10% |
Max Drawdown (5Y)Largest decline over 5 years | -19.94% | -67.24% | +47.30% |
Max Drawdown (10Y)Largest decline over 10 years | -34.66% | -96.50% | +61.84% |
Current DrawdownCurrent decline from peak | -1.74% | -85.29% | +83.55% |
Average DrawdownAverage peak-to-trough decline | -3.73% | -82.11% | +78.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 18.79% | -16.88% |
Volatility
DJD vs. UCO - Volatility Comparison
The current volatility for Invesco Dow Jones Industrial Average Dividend ETF (DJD) is 2.98%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 17.30%. This indicates that DJD 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
| DJD | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 17.30% | -14.32% |
Volatility (6M)Calculated over the trailing 6-month period | 7.47% | 48.10% | -40.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 57.48% | -47.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.33% | 60.08% | -46.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.64% | 317.60% | -300.96% |
DJD vs. UCO - Expense Ratio Comparison
DJD has a 0.07% expense ratio, which is lower than UCO's 0.95% expense ratio.
Dividends
DJD vs. UCO - Dividend Comparison
DJD's dividend yield for the trailing twelve months is around 2.43%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DJD Invesco Dow Jones Industrial Average Dividend ETF | 2.43% | 2.62% | 3.00% | 3.49% | 3.16% | 2.82% | 3.47% | 2.80% | 2.66% | 2.75% | 2.46% | 0.08% |
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
DJD and UCO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCO has higher volatility (17.30%) compared to DJD (2.98%). In terms of maximum drawdown, DJD dropped -34.66% vs UCO's -99.86%.
On 10-year performance, UCO leads with 18.97% vs 12.22% for DJD. On fees, DJD is cheaper at 0.07% per year. On volatility, DJD has been the lower-risk option at 2.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UCO has performed better with a 18.97% return vs 12.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DJD is cheaper with a 0.07% expense ratio, compared with 0.95% for UCO.
DJD has the higher dividend yield at 2.43%, compared with 0.00% for UCO.
DJD is categorized as Large Cap Value Equities, while UCO is Oil & Gas. DJD tracks Dow Jones Industrial Average Yield Weighted Index, while UCO tracks Bloomberg Commodity Balanced WTI Crude Oil Index (200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.07% for DJD and 0.95% for UCO.
DJD currently has the higher Sharpe Ratio (2.41 vs 0.59), 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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