IVES vs. UCO
IVES (Dan IVES Wedbush AI Revolution ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence 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 year, IVES returned 57.58% vs 115.57% for UCO. At a correlation of -0.15, they often move in opposite directions. IVES charges 0.75%/yr vs 0.95%/yr for UCO.
Performance
IVES vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, IVES achieves a 26.00% return, which is significantly lower than UCO's 139.34% return.
IVES
- 1D
- -0.90%
- 1M
- 16.50%
- YTD
- 26.00%
- 6M
- 22.83%
- 1Y
- 57.58%
- 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%
IVES vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IVES Dan IVES Wedbush AI Revolution ETF | 26.00% | 25.06% |
UCO ProShares Ultra Bloomberg Crude Oil | 139.34% | -9.93% |
Correlation
The correlation between IVES and UCO is -0.15, 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 Jun 5, 2025 | -0.15 |
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Return for Risk
IVES vs. UCO — Risk / Return Rank
IVES
UCO
IVES vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dan IVES Wedbush AI Revolution ETF (IVES) 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.
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Sharpe Ratios by Period
| IVES | 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 | 2.25 | -0.34 | +2.60 |
Drawdowns
IVES vs. UCO - Drawdown Comparison
The maximum IVES drawdown since its inception was -22.64%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for IVES and UCO.
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Drawdown Indicators
| IVES | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.64% | -99.95% | +77.31% |
Max Drawdown (1Y)Largest decline over 1 year | -22.64% | -34.77% | +12.13% |
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 DrawdownCurrent decline from peak | -4.55% | -99.26% | +94.71% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -85.49% | +79.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 18.34% | — |
Volatility
IVES vs. UCO - Volatility Comparison
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Volatility by Period
| IVES | 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 | 25.74% | 57.26% | -31.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 59.81% | -34.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.74% | 71.35% | -45.61% |
IVES vs. UCO - Expense Ratio Comparison
IVES has a 0.75% expense ratio, which is lower than UCO's 0.95% expense ratio.
Dividends
IVES vs. UCO - Dividend Comparison
IVES's dividend yield for the trailing twelve months is around 0.33%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
IVES Dan IVES Wedbush AI Revolution ETF | 0.33% | 0.41% |
UCO ProShares Ultra Bloomberg Crude Oil | 0.00% | 0.00% |
Frequently Asked Questions
IVES and UCO have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, UCO leads with 115.57% vs 57.58% for IVES. On fees, IVES is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UCO has performed better with a 115.57% return vs 57.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVES is cheaper with a 0.75% expense ratio, compared with 0.95% for UCO.
IVES has the higher dividend yield at 0.33%, compared with 0.00% for UCO.
IVES is categorized as Technology Equities, while UCO is Leveraged Commodities. IVES tracks Solactive Wedbush Artificial Intelligence Index, while UCO tracks Dow Jones-UBS Crude Oil Sub-Index (200%). They also come from different issuers: Wedbush and ProShares. Their fees differ too: 0.75% for IVES and 0.95% for UCO.
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