HD vs. UCO
HD (The Home Depot, Inc.) is a stock, while UCO (ProShares Ultra Bloomberg Crude Oil) is Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). Over the past 10 years, HD returned 11.82%/yr vs -11.98%/yr for UCO. At a 0.15 correlation, their price movements are largely independent.
Performance
HD vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, HD achieves a -8.64% return, which is significantly lower than UCO's 139.34% return. Over the past 10 years, HD has outperformed UCO with an annualized return of 11.82%, while UCO has yielded a comparatively lower -11.98% annualized return.
HD
- 1D
- -0.22%
- 1M
- -1.00%
- YTD
- -8.64%
- 6M
- -10.48%
- 1Y
- -14.03%
- 3Y*
- 4.50%
- 5Y*
- 2.45%
- 10Y*
- 11.82%
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%
HD vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | -8.64% | -9.33% | 15.00% | 12.77% | -21.98% | 59.51% | 24.50% | 30.56% | -7.30% | 44.61% |
UCO ProShares Ultra Bloomberg Crude Oil | 139.34% | -29.75% | 5.36% | -13.89% | 39.71% | 139.26% | -92.91% | 53.83% | -43.26% | 0.34% |
Correlation
The correlation between HD and UCO is -0.27, 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 | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2008 | 0.15 |
The correlation between HD and UCO shifts across timeframes, from -0.27 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HD vs. UCO — Risk / Return Rank
HD
UCO
HD vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Home Depot, Inc. (HD) 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.
| HD | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.15 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.31 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 3.34 | -3.83 |
| Martin ratioReturn relative to average drawdown | -1.01 | 6.32 | -7.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HD | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.60 | 2.03 | -2.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.36 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | -0.17 | +0.65 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | -0.34 | +1.02 |
Drawdowns
HD vs. UCO - Drawdown Comparison
The maximum HD drawdown since its inception was -70.46%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for HD and UCO.
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Drawdown Indicators
| HD | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -99.95% | +29.49% |
Max Drawdown (1Y)Largest decline over 1 year | -28.81% | -34.77% | +5.96% |
Max Drawdown (3Y)Largest decline over 3 years | -28.84% | -50.38% | +21.54% |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | -67.24% | +32.51% |
Max Drawdown (10Y)Largest decline over 10 years | -37.99% | -98.75% | +60.76% |
Current DrawdownCurrent decline from peak | -25.31% | -99.26% | +73.95% |
Average DrawdownAverage peak-to-trough decline | -20.60% | -85.49% | +64.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.91% | 18.34% | -4.43% |
Volatility
HD vs. UCO - Volatility Comparison
The current volatility for The Home Depot, Inc. (HD) is 7.04%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.99%. This indicates that HD 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
| HD | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.04% | 20.99% | -13.95% |
Volatility (6M)Calculated over the trailing 6-month period | 17.68% | 46.57% | -28.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.41% | 57.26% | -33.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.05% | 59.81% | -35.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.81% | 71.35% | -46.54% |
Dividends
HD vs. UCO - Dividend Comparison
HD's dividend yield for the trailing twelve months is around 3.73%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 3.73% | 2.67% | 2.31% | 2.41% | 2.41% | 1.59% | 2.26% | 2.49% | 2.40% | 1.88% | 2.06% | 1.78% |
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
HD and UCO have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCO has higher volatility (20.99%) compared to HD (7.04%). In terms of maximum drawdown, HD dropped -70.46% vs UCO's -99.95%.
UCO currently has the higher Sharpe Ratio (2.03 vs -0.60), 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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