GVUS vs. UCO
GVUS (Goldman Sachs MarketBeta Russell 1000 Value Equity ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - GVUS is a Large Cap Value Equities fund tracking the Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while UCO is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (200%). Both are passively managed. Over the past year, GVUS returned 30.52% vs 27.70% for UCO. At a correlation of -0.03, they often move in opposite directions. GVUS charges 0.12%/yr vs 0.95%/yr for UCO.
Performance
GVUS vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, GVUS achieves a 16.51% return, which is significantly lower than UCO's 84.21% return.
GVUS
- 1D
- 0.46%
- 1M
- 3.34%
- YTD
- 16.51%
- 6M
- 15.96%
- 1Y
- 30.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UCO
- 1D
- -2.87%
- 1M
- -24.66%
- YTD
- 84.21%
- 6M
- 80.57%
- 1Y
- 27.70%
- 3Y*
- 15.87%
- 5Y*
- 12.83%
- 10Y*
- 19.62%
GVUS vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF | 16.51% | 15.90% | 14.08% | 5.51% |
UCO ProShares Ultra Bloomberg Crude Oil | 84.21% | -29.75% | 5.36% | -14.37% |
Correlation
The correlation between GVUS and UCO is -0.21, 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 | -0.21 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023 | -0.03 |
The correlation between GVUS and UCO shifts across timeframes, from -0.21 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GVUS vs. UCO — Risk / Return Rank
GVUS
UCO
GVUS vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) 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.
| GVUS | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.26 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.12 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 0.87 | +3.72 |
| Martin ratioReturn relative to average drawdown | 18.97 | 1.72 | +17.25 |
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Drawdowns
GVUS vs. UCO - Drawdown Comparison
The maximum GVUS drawdown since its inception was -15.82%, smaller than the maximum UCO drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for GVUS and UCO.
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Drawdown Indicators
| GVUS | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.82% | -99.86% | +84.04% |
Max Drawdown (1Y)Largest decline over 1 year | -6.68% | -31.96% | +25.28% |
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 | — | -96.50% | — |
Current DrawdownCurrent decline from peak | -0.07% | -85.71% | +85.64% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -82.11% | +80.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 18.90% | -17.29% |
Volatility
GVUS vs. UCO - Volatility Comparison
The current volatility for Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (GVUS) is 3.73%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 16.18%. This indicates that GVUS 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
| GVUS | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 16.18% | -12.45% |
Volatility (6M)Calculated over the trailing 6-month period | 8.58% | 48.09% | -39.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.21% | 57.66% | -46.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.32% | 60.09% | -46.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 317.79% | -304.47% |
GVUS vs. UCO - Expense Ratio Comparison
GVUS has a 0.12% expense ratio, which is lower than UCO's 0.95% expense ratio.
Dividends
GVUS vs. UCO - Dividend Comparison
GVUS's dividend yield for the trailing twelve months is around 1.55%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
GVUS Goldman Sachs MarketBeta Russell 1000 Value Equity ETF | 1.55% | 1.77% | 2.04% | 0.00% |
UCO ProShares Ultra Bloomberg Crude Oil | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GVUS and UCO have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCO has higher volatility (16.18%) compared to GVUS (3.73%). In terms of maximum drawdown, GVUS dropped -15.82% vs UCO's -99.86%.
On 1-year performance, GVUS leads with 30.52% vs 27.70% for UCO. On fees, GVUS is cheaper at 0.12% per year. On volatility, GVUS has been the lower-risk option at 3.73%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GVUS has performed better with a 30.52% return vs 27.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GVUS is cheaper with a 0.12% expense ratio, compared with 0.95% for UCO.
GVUS has the higher dividend yield at 1.55%, compared with 0.00% for UCO.
GVUS is categorized as Large Cap Value Equities, while UCO is Oil & Gas. GVUS tracks Russell 1000 Value 40 Act Daily Capped Index - Benchmark TR Gross, while UCO tracks Bloomberg Commodity Balanced WTI Crude Oil Index (200%). They also come from different issuers: Goldman Sachs and ProShares. Their fees differ too: 0.12% for GVUS and 0.95% for UCO.
GVUS currently has the higher Sharpe Ratio (2.74 vs 0.48), 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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