KKR vs. UCO
KKR (KKR & Co. 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, KKR returned 23.19%/yr vs -11.98%/yr for UCO. At a 0.22 correlation, their price movements are largely independent.
Performance
KKR vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, KKR achieves a -24.83% return, which is significantly lower than UCO's 139.34% return. Over the past 10 years, KKR has outperformed UCO with an annualized return of 23.19%, while UCO has yielded a comparatively lower -11.98% annualized return.
KKR
- 1D
- 5.45%
- 1M
- -6.23%
- YTD
- -24.83%
- 6M
- -25.39%
- 1Y
- -20.26%
- 3Y*
- 21.72%
- 5Y*
- 12.44%
- 10Y*
- 23.19%
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%
KKR vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KKR KKR & Co. Inc. | -24.83% | -13.32% | 79.65% | 80.48% | -36.98% | 85.76% | 41.13% | 51.57% | -4.28% | 41.78% |
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 KKR and UCO is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2010 | 0.22 |
The correlation between KKR and UCO shifts across timeframes, from -0.09 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KKR vs. UCO — Risk / Return Rank
KKR
UCO
KKR vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KKR & Co. Inc. (KKR) 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.
| KKR | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.96 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.31 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 3.34 | -3.80 |
| Martin ratioReturn relative to average drawdown | -0.85 | 6.32 | -7.17 |
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
| KKR | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 2.03 | -2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.36 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | -0.17 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | -0.34 | +0.89 |
Drawdowns
KKR vs. UCO - Drawdown Comparison
The maximum KKR drawdown since its inception was -53.10%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for KKR and UCO.
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Drawdown Indicators
| KKR | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.10% | -99.95% | +46.85% |
Max Drawdown (1Y)Largest decline over 1 year | -44.62% | -34.77% | -9.85% |
Max Drawdown (3Y)Largest decline over 3 years | -49.42% | -50.38% | +0.96% |
Max Drawdown (5Y)Largest decline over 5 years | -49.42% | -67.24% | +17.82% |
Max Drawdown (10Y)Largest decline over 10 years | -49.42% | -98.75% | +49.33% |
Current DrawdownCurrent decline from peak | -42.32% | -99.26% | +56.94% |
Average DrawdownAverage peak-to-trough decline | -16.16% | -85.49% | +69.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.97% | 18.34% | +5.63% |
Volatility
KKR vs. UCO - Volatility Comparison
The current volatility for KKR & Co. Inc. (KKR) is 10.07%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.99%. This indicates that KKR 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
| KKR | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 20.99% | -10.92% |
Volatility (6M)Calculated over the trailing 6-month period | 29.94% | 46.57% | -16.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.24% | 57.26% | -20.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.24% | 59.81% | -20.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.64% | 71.35% | -34.71% |
Dividends
KKR vs. UCO - Dividend Comparison
KKR's dividend yield for the trailing twelve months is around 0.79%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KKR KKR & Co. Inc. | 0.79% | 0.57% | 0.47% | 0.78% | 1.31% | 0.77% | 1.31% | 1.71% | 3.23% | 3.18% | 4.16% | 10.13% |
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
KKR and UCO have a correlation of -0.09, 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 KKR (10.07%). In terms of maximum drawdown, KKR dropped -53.10% vs UCO's -99.95%.
UCO currently has the higher Sharpe Ratio (2.03 vs -0.55), 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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