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FDIV vs. UCO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDIV vs. UCO

Last updated Jun 4, 2026

FDIV (MarketDesk Focused U.S. Dividend ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - FDIV is a Dividend fund actively managed by MarketDesk, while UCO is a Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). FDIV is actively managed, while UCO is passively managed. Over the past 10 years, FDIV returned -2.13%/yr vs -11.31%/yr for UCO. At a 0.14 correlation, their price movements are largely independent. FDIV charges 0.35%/yr vs 0.95%/yr for UCO.

Performance

FDIV vs. UCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MarketDesk Focused U.S. Dividend ETF (FDIV) and ProShares Ultra Bloomberg Crude Oil (UCO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FDIV achieves a 0.72% return, which is significantly lower than UCO's 149.12% return. Over the past 10 years, FDIV has outperformed UCO with an annualized return of -2.13%, while UCO has yielded a comparatively lower -11.31% annualized return.

FDIV

1D
-0.85%
1M
-0.84%
YTD
0.72%
6M
1.52%
1Y
7.68%
3Y*
-12.10%
5Y*
-8.67%
10Y*
-2.13%

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)

FDIV vs. UCO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDIV
MarketDesk Focused U.S. Dividend ETF		0.72%2.95%-37.35%6.78%-9.97%10.20%-2.84%15.78%-5.04%6.19%
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 FDIV and UCO is -0.22, 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

-0.22

Correlation (3Y)
Calculated over the trailing 3-year period

-0.03

Correlation (5Y)
Calculated over the trailing 5-year period

0.04

Correlation (10Y)
Calculated over the trailing 10-year period

0.15

Correlation (All Time)
Calculated using the full available price history since Aug 15, 2014

0.14

The correlation between FDIV and UCO shifts across timeframes, from -0.22 (1 year) to 0.15 (10 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

MarketDesk Focused U.S. Dividend ETF

ProShares Ultra Bloomberg Crude Oil

Often compared with FDIV:
FDIV vs. FZROXFDIV vs. FDVVFDIV vs. VIGFDIV vs. SPMOFDIV vs. FDRRFDIV vs. DIVFDIV vs. DIVI
Often compared with UCO:
UCO vs. USOUCO vs. SCOUCO vs. OILUUCO vs. BOILUCO vs. ERXUCO vs. OIHUCO vs. LABU

Return for Risk

FDIV vs. UCO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FDIV
FDIV Risk / Return Rank: 1919
Overall Rank
FDIV Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
FDIV Sortino Ratio Rank: 1919
Sortino Ratio Rank
FDIV Omega Ratio Rank: 1717
Omega Ratio Rank
FDIV Calmar Ratio Rank: 2121
Calmar Ratio Rank
FDIV Martin Ratio Rank: 2121
Martin Ratio Rank
UCO
UCO Risk / Return Rank: 5454
Overall Rank
UCO Sharpe Ratio Rank: 6262
Sharpe Ratio Rank
UCO Sortino Ratio Rank: 5050
Sortino Ratio Rank
UCO Omega Ratio Rank: 5050
Omega Ratio Rank
UCO Calmar Ratio Rank: 6969
Calmar Ratio Rank
UCO Martin Ratio Rank: 4141
Martin Ratio Rank
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.

FDIV vs. UCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MarketDesk Focused U.S. Dividend ETF (FDIV) 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.

FDIVUCODifference
Sharpe ratioReturn per unit of total volatility
0.61
2.12

-1.52

Sortino ratioReturn per unit of downside risk
1.02
2.46

-1.44

Omega ratioGain probability vs. loss probability

1.11

1.32

-0.21

Calmar ratioReturn relative to maximum drawdown

0.96

3.49

-2.52

Martin ratioReturn relative to average drawdown

2.56

6.60

-4.04

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDIV vs. UCO - Sharpe Ratio Comparison

The current FDIV Sharpe Ratio is 0.61, which is lower than the UCO Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of FDIV 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.

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Sharpe Ratios by Period

FDIVUCODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.61

2.12

-1.52

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.42

0.37

-0.79

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.12

-0.16

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.08

-0.34

+0.26

Drawdowns

FDIV vs. UCO - Drawdown Comparison

The maximum FDIV drawdown since its inception was -47.90%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for FDIV and UCO.

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Drawdown Indicators

FDIVUCODifference

Max Drawdown

Largest peak-to-trough decline

-47.90%

-99.95%

+52.05%

Max Drawdown (1Y)

Largest decline over 1 year

-8.01%

-34.77%

+26.76%

Max Drawdown (3Y)

Largest decline over 3 years

-45.64%

-50.38%

+4.74%

Max Drawdown (5Y)

Largest decline over 5 years

-47.90%

-67.24%

+19.34%

Max Drawdown (10Y)

Largest decline over 10 years

-47.90%

-98.75%

+50.85%

Current Drawdown

Current decline from peak

-38.05%

-99.23%

+61.18%

Average Drawdown

Average peak-to-trough decline

-11.15%

-85.49%

+74.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.01%

18.33%

-15.32%

Volatility

FDIV vs. UCO - Volatility Comparison

The current volatility for MarketDesk Focused U.S. Dividend ETF (FDIV) is 2.99%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.83%. This indicates that FDIV 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

FDIVUCODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.99%

20.83%

-17.84%

Volatility (6M)

Calculated over the trailing 6-month period

8.57%

46.44%

-37.87%

Volatility (1Y)

Calculated over the trailing 1-year period

12.78%

57.11%

-44.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.81%

59.78%

-38.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.54%

71.36%

-53.82%

FDIV vs. UCO - Expense Ratio Comparison

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

Dividends

FDIV vs. UCO - Dividend Comparison

FDIV's dividend yield for the trailing twelve months is around 2.89%, while UCO has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
FDIV
MarketDesk Focused U.S. Dividend ETF		2.89%2.95%4.12%4.63%3.81%3.79%4.17%3.93%5.13%3.81%3.84%4.13%
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

FDIV and UCO have a correlation of -0.22, 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 FDIV (2.99%). In terms of maximum drawdown, FDIV dropped -47.90% vs UCO's -99.95%.

On 10-year performance, FDIV leads with -2.13% vs -11.31% for UCO. On fees, FDIV is cheaper at 0.35% per year. On volatility, FDIV has been the lower-risk option at 2.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FDIV has performed better with a -2.13% return vs -11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

FDIV has the higher dividend yield at 2.89%, compared with 0.00% for UCO.

FDIV is categorized as Dividend, while UCO is Leveraged Commodities. They also come from different issuers: MarketDesk and ProShares. Their fees differ too: 0.35% for FDIV and 0.95% for UCO.

UCO currently has the higher Sharpe Ratio (2.12 vs 0.61), 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.

Portfolio Optimizer

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