OKLO vs. UCO
OKLO (Oklo 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 3 years, OKLO returned 82.80%/yr vs 25.90%/yr for UCO. At a 0.02 correlation, their price movements are largely independent.
Performance
OKLO vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, OKLO achieves a -9.13% return, which is significantly lower than UCO's 149.12% return.
OKLO
- 1D
- -11.24%
- 1M
- -4.94%
- YTD
- -9.13%
- 6M
- -32.49%
- 1Y
- 31.02%
- 3Y*
- 82.80%
- 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%
OKLO vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OKLO Oklo Inc. | -9.13% | 238.01% | 101.04% | 6.45% | 0.71% | -1.30% |
UCO ProShares Ultra Bloomberg Crude Oil | 149.12% | -29.75% | 5.36% | -13.89% | 39.71% | 13.02% |
Correlation
The correlation between OKLO and UCO is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2021 | 0.02 |
The correlation between OKLO and UCO shifts across timeframes, from -0.11 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OKLO vs. UCO — Risk / Return Rank
OKLO
UCO
OKLO vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Oklo Inc. (OKLO) 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.
| OKLO | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.32 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.42 | 3.49 | -3.06 |
| Martin ratioReturn relative to average drawdown | 0.70 | 6.60 | -5.90 |
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
| OKLO | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 2.12 | -1.83 |
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 | 0.55 | -0.34 | +0.89 |
Drawdowns
OKLO vs. UCO - Drawdown Comparison
The maximum OKLO drawdown since its inception was -73.83%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for OKLO and UCO.
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Drawdown Indicators
| OKLO | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.83% | -99.95% | +26.12% |
Max Drawdown (1Y)Largest decline over 1 year | -73.83% | -34.77% | -39.06% |
Max Drawdown (3Y)Largest decline over 3 years | -73.83% | -50.38% | -23.45% |
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 | -62.55% | -99.23% | +36.68% |
Average DrawdownAverage peak-to-trough decline | -17.87% | -85.49% | +67.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.42% | 18.33% | +26.09% |
Volatility
OKLO vs. UCO - Volatility Comparison
Oklo Inc. (OKLO) has a higher volatility of 32.21% compared to ProShares Ultra Bloomberg Crude Oil (UCO) at 20.83%. This indicates that OKLO's price experiences larger fluctuations and is considered to be riskier 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
| OKLO | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 32.21% | 20.83% | +11.38% |
Volatility (6M)Calculated over the trailing 6-month period | 70.40% | 46.44% | +23.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 105.73% | 57.11% | +48.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.89% | 59.78% | +26.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.89% | 71.36% | +14.53% |
Dividends
OKLO vs. UCO - Dividend Comparison
Neither OKLO nor UCO has paid dividends to shareholders.
Frequently Asked Questions
OKLO and UCO have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OKLO has higher volatility (32.21%) compared to UCO (20.83%). In terms of maximum drawdown, OKLO dropped -73.83% vs UCO's -99.95%.
UCO currently has the higher Sharpe Ratio (2.12 vs 0.30), 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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