GOOW vs. UCO

Last updated Jun 5, 2026

GOOW (Roundhill GOOGL WeeklyPay™ ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - GOOW is a Derivative Income fund actively managed by Roundhill, while UCO is a Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). GOOW is actively managed, while UCO is passively managed. At a correlation of -0.16, they often move in opposite directions. GOOW charges 0.99%/yr vs 0.95%/yr for UCO.

Performance

GOOW vs. UCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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, GOOW achieves a 20.63% return, which is significantly lower than UCO's 139.34% return.

GOOW

• 1D: 4.51%
• 1M: -5.12%
• YTD: 20.63%
• 6M: 17.80%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UCO

• 1D: -3.93%
• 1M: -5.57%
• YTD: 139.34%
• 6M: 124.58%
• 1Y: 115.57%
• 3Y*: 24.38%
• 5Y*: 21.18%
• 10Y*: -11.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GOOW vs. UCO - Yearly Performance Comparison

	2026 (YTD)	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	20.63%	75.51%
UCO ProShares Ultra Bloomberg Crude Oil	139.34%	-20.33%

Correlation

The correlation between GOOW and UCO is -0.16, 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 Jul 25, 2025	-0.16

Return for Risk

GOOW 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: 51
UCO Calmar Ratio Rank: 68
UCO Martin Ratio Rank: 40

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.

GOOW vs. UCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill GOOGL WeeklyPay™ ETF (GOOW) 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

	GOOW	UCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.36	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.17	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.71	-0.34	+4.05

Drawdowns

GOOW vs. UCO - Drawdown Comparison

The maximum GOOW drawdown since its inception was -24.88%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for GOOW and UCO.

Drawdown Indicators

	GOOW	UCO	Difference
Max Drawdown Largest peak-to-trough decline	-24.88%	-99.95%	+75.07%
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	-9.28%	-99.26%	+89.98%
Average Drawdown Average peak-to-trough decline	-4.82%	-85.49%	+80.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	18.34%	—

Volatility

Volatility by Period

	GOOW	UCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	37.56%	57.26%	-19.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.56%	59.81%	-22.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.56%	71.35%	-33.79%

GOOW vs. UCO - Expense Ratio Comparison

GOOW has a 0.99% expense ratio, which is higher than UCO's 0.95% expense ratio.

Dividends

GOOW vs. UCO - Dividend Comparison

GOOW's dividend yield for the trailing twelve months is around 33.69%, while UCO has not paid dividends to shareholders.

Position	TTM	2025
GOOW Roundhill GOOGL WeeklyPay™ ETF	33.69%	19.77%
UCO ProShares Ultra Bloomberg Crude Oil	0.00%	0.00%

Frequently Asked Questions

Can I hold both GOOW and UCO in my portfolio?

GOOW and UCO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GOOW or UCO?

On fees, UCO is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GOOW or UCO?

UCO is cheaper with a 0.95% expense ratio, compared with 0.99% for GOOW.

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

GOOW has the higher dividend yield at 33.69%, compared with 0.00% for UCO.

What is the main difference between GOOW and UCO?

GOOW is categorized as Derivative Income, while UCO is Leveraged Commodities. They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.99% for GOOW and 0.95% for UCO.