FDIQ vs. UCO

Last updated Jun 4, 2026

FDIQ (Invesco Bloomberg Financial Data Providers ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - FDIQ is a Financials Equities fund tracking the Bloomberg Financial Data Providers Index, while UCO is a Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). Both are passively managed. Over the past 10 years, FDIQ returned 7.60%/yr vs -11.31%/yr for UCO. At a 0.21 correlation, their price movements are largely independent. FDIQ charges 0.35%/yr vs 0.95%/yr for UCO.

Performance

FDIQ vs. UCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Financial Data Providers ETF (FDIQ) 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, FDIQ achieves a 9.72% return, which is significantly lower than UCO's 149.12% return. Over the past 10 years, FDIQ has outperformed UCO with an annualized return of 7.60%, while UCO has yielded a comparatively lower -11.31% annualized return.

FDIQ

• 1D: -0.97%
• 1M: -5.53%
• YTD: 9.72%
• 6M: 10.28%
• 1Y: 22.98%
• 3Y*: 18.27%
• 5Y*: 3.82%
• 10Y*: 7.60%

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)

FDIQ vs. UCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDIQ Invesco Bloomberg Financial Data Providers ETF	9.72%	6.32%	12.76%	-0.84%	-7.23%	36.05%	-8.95%	23.57%	-18.31%	1.81%
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 FDIQ and UCO is -0.09, 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	-0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Nov 2, 2011	0.21

The correlation between FDIQ and UCO shifts across timeframes, from -0.09 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FDIQ vs. UCO — Risk / Return Rank

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

FDIQ

FDIQ Risk / Return Rank: 33
FDIQ Sharpe Ratio Rank: 29
FDIQ Sortino Ratio Rank: 30
FDIQ Omega Ratio Rank: 30
FDIQ Calmar Ratio Rank: 42
FDIQ Martin Ratio Rank: 35

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.

FDIQ vs. UCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Financial Data Providers ETF (FDIQ) 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.

	FDIQ	UCO	Difference
Sharpe ratio: Return per unit of total volatility	1.04	2.12	-1.08
Sortino ratio: Return per unit of downside risk	1.59	2.46	-0.87
Omega ratio: Gain probability vs. loss probability	1.20	1.32	-0.12
Calmar ratio: Return relative to maximum drawdown	2.07	3.49	-1.41
Martin ratio: Return relative to average drawdown	5.26	6.60	-1.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDIQ vs. UCO - Sharpe Ratio Comparison

The current FDIQ Sharpe Ratio is 1.04, which is lower than the UCO Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FDIQ 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

	FDIQ	UCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.04	2.12	-1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.37	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	-0.16	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	-0.34	+0.71

Drawdowns

FDIQ vs. UCO - Drawdown Comparison

The maximum FDIQ drawdown since its inception was -52.86%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for FDIQ and UCO.

Drawdown Indicators

	FDIQ	UCO	Difference
Max Drawdown Largest peak-to-trough decline	-52.86%	-99.95%	+47.09%
Max Drawdown (1Y) Largest decline over 1 year	-11.13%	-34.77%	+23.64%
Max Drawdown (3Y) Largest decline over 3 years	-28.09%	-50.38%	+22.29%
Max Drawdown (5Y) Largest decline over 5 years	-42.99%	-67.24%	+24.25%
Max Drawdown (10Y) Largest decline over 10 years	-52.86%	-98.75%	+45.89%
Current Drawdown Current decline from peak	-8.53%	-99.23%	+90.70%
Average Drawdown Average peak-to-trough decline	-11.56%	-85.49%	+73.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	18.33%	-13.95%

Volatility

FDIQ vs. UCO - Volatility Comparison

The current volatility for Invesco Bloomberg Financial Data Providers ETF (FDIQ) is 4.06%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.83%. This indicates that FDIQ 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

	FDIQ	UCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	20.83%	-16.77%
Volatility (6M) Calculated over the trailing 6-month period	13.93%	46.44%	-32.51%
Volatility (1Y) Calculated over the trailing 1-year period	22.14%	57.11%	-34.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.70%	59.78%	-31.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.12%	71.36%	-40.24%

FDIQ vs. UCO - Expense Ratio Comparison

FDIQ has a 0.35% expense ratio, which is lower than UCO's 0.95% expense ratio.

Dividends

FDIQ vs. UCO - Dividend Comparison

FDIQ's dividend yield for the trailing twelve months is around 2.56%, while UCO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIQ Invesco Bloomberg Financial Data Providers ETF	2.56%	2.66%	2.69%	2.89%	2.51%	2.04%	2.92%	2.44%	2.45%	1.59%	1.50%	1.92%
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 FDIQ and UCO in my portfolio?

FDIQ and UCO have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDIQ or UCO?

UCO has higher volatility (20.83%) compared to FDIQ (4.06%). In terms of maximum drawdown, FDIQ dropped -52.86% vs UCO's -99.95%.

Which ETF is better, FDIQ or UCO?

On 10-year performance, FDIQ leads with 7.60% vs -11.31% for UCO. On fees, FDIQ is cheaper at 0.35% per year. On volatility, FDIQ has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIQ or UCO?

Over the 10-year period, FDIQ has performed better with a 7.60% return vs -11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIQ or UCO?

FDIQ is cheaper with a 0.35% expense ratio, compared with 0.95% for UCO.

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

FDIQ has the higher dividend yield at 2.56%, compared with 0.00% for UCO.

What is the main difference between FDIQ and UCO?

FDIQ is categorized as Financials Equities, while UCO is Leveraged Commodities. FDIQ tracks Bloomberg Financial Data Providers Index, while UCO tracks Dow Jones-UBS Crude Oil Sub-Index (200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.35% for FDIQ and 0.95% for UCO.

Which has better risk-adjusted returns?

UCO currently has the higher Sharpe Ratio (2.12 vs 1.04), 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.