NU vs. UCO
NU (Nu Holdings Ltd.) 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 3 years, NU returned 18.64%/yr vs 25.90%/yr for UCO. At a 0.04 correlation, their price movements are largely independent.
Performance
NU vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, NU achieves a -30.47% return, which is significantly lower than UCO's 149.12% return.
NU
- 1D
- -2.43%
- 1M
- -17.80%
- YTD
- -30.47%
- 6M
- -33.26%
- 1Y
- -2.92%
- 3Y*
- 18.64%
- 5Y*
- —
- 10Y*
- —
UCO
- 1D
- 2.71%
- 1M
- -4.64%
- YTD
- 149.12%
- 6M
- 137.09%
- 1Y
- 120.48%
- 3Y*
- 25.90%
- 5Y*
- 22.16%
- 10Y*
- -11.31%
NU vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NU Nu Holdings Ltd. | -30.47% | 61.58% | 24.37% | 104.67% | -56.61% | -9.20% |
UCO ProShares Ultra Bloomberg Crude Oil | 149.12% | -29.75% | 5.36% | -13.89% | 39.71% | 11.43% |
Correlation
The correlation between NU and UCO is -0.18, 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 | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Dec 10, 2021 | 0.04 |
The correlation between NU and UCO shifts across timeframes, from -0.18 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NU vs. UCO — Risk / Return Rank
NU
UCO
NU vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nu Holdings Ltd. (NU) 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.
| NU | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.20 | ||
| Sortino ratioReturn per unit of downside risk | -2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.32 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | 3.49 | -3.56 |
| Martin ratioReturn relative to average drawdown | -0.21 | 6.60 | -6.80 |
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
| NU | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 2.12 | -2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.37 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | -0.34 | +0.39 |
Drawdowns
NU vs. UCO - Drawdown Comparison
The maximum NU drawdown since its inception was -72.07%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for NU and UCO.
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Drawdown Indicators
| NU | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.07% | -99.95% | +27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -37.95% | -34.77% | -3.18% |
Max Drawdown (3Y)Largest decline over 3 years | -39.58% | -50.38% | +10.80% |
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 | -37.95% | -99.23% | +61.28% |
Average DrawdownAverage peak-to-trough decline | -29.75% | -85.49% | +55.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.13% | 18.33% | -4.20% |
Volatility
NU vs. UCO - Volatility Comparison
The current volatility for Nu Holdings Ltd. (NU) is 13.46%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.83%. This indicates that NU 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
| NU | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.46% | 20.83% | -7.37% |
Volatility (6M)Calculated over the trailing 6-month period | 28.45% | 46.44% | -17.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.69% | 57.11% | -18.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.45% | 59.78% | -1.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.45% | 71.36% | -12.91% |
Dividends
NU vs. UCO - Dividend Comparison
Neither NU nor UCO has paid dividends to shareholders.
Frequently Asked Questions
NU and UCO have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCO has higher volatility (20.83%) compared to NU (13.46%). In terms of maximum drawdown, NU dropped -72.07% vs UCO's -99.95%.
UCO currently has the higher Sharpe Ratio (2.12 vs -0.08), 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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