OMAH vs. UCO
OMAH (VistaShares Target 15™ Berkshire Select Income ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - OMAH is a Derivative Income fund actively managed by VistaShares, while UCO is a Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). OMAH is actively managed, while UCO is passively managed. Over the past year, OMAH returned 12.34% vs 115.57% for UCO. At a 0.01 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
OMAH vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, OMAH achieves a 5.13% return, which is significantly lower than UCO's 139.34% return.
OMAH
- 1D
- 0.54%
- 1M
- 0.72%
- YTD
- 5.13%
- 6M
- 5.28%
- 1Y
- 12.34%
- 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%
OMAH vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OMAH VistaShares Target 15™ Berkshire Select Income ETF | 5.13% | 6.74% |
UCO ProShares Ultra Bloomberg Crude Oil | 139.34% | -19.87% |
Correlation
The correlation between OMAH and UCO is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.01 |
The correlation between OMAH and UCO shifts across timeframes, from -0.12 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
OMAH vs. UCO — Risk / Return Rank
OMAH
UCO
OMAH vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) 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.
| OMAH | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.12 | 3.34 | +0.78 |
| Martin ratioReturn relative to average drawdown | 10.16 | 6.32 | +3.84 |
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
| OMAH | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.54 | 2.03 | -0.49 |
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 | 0.74 | -0.34 | +1.08 |
Drawdowns
OMAH vs. UCO - Drawdown Comparison
The maximum OMAH drawdown since its inception was -11.83%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for OMAH and UCO.
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Drawdown Indicators
| OMAH | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.83% | -99.95% | +88.12% |
Max Drawdown (1Y)Largest decline over 1 year | -3.00% | -34.77% | +31.77% |
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 | -2.12% | -99.26% | +97.14% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -85.49% | +84.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 18.34% | -17.12% |
Volatility
OMAH vs. UCO - Volatility Comparison
The current volatility for VistaShares Target 15™ Berkshire Select Income ETF (OMAH) is 1.99%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.99%. This indicates that OMAH 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
| OMAH | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 20.99% | -19.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.50% | 46.57% | -41.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.06% | 57.26% | -49.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.20% | 59.81% | -46.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.20% | 71.35% | -58.15% |
OMAH vs. UCO - Expense Ratio Comparison
Both OMAH and UCO have an expense ratio of 0.95%.
Dividends
OMAH vs. UCO - Dividend Comparison
OMAH's dividend yield for the trailing twelve months is around 15.36%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
OMAH VistaShares Target 15™ Berkshire Select Income ETF | 15.36% | 12.86% |
UCO ProShares Ultra Bloomberg Crude Oil | 0.00% | 0.00% |
Frequently Asked Questions
OMAH and UCO have a correlation of -0.12, 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 OMAH (1.99%). In terms of maximum drawdown, OMAH dropped -11.83% vs UCO's -99.95%.
On 1-year performance, UCO leads with 115.57% vs 12.34% for OMAH. Both ETFs have the same 0.95% expense ratio. On volatility, OMAH has been the lower-risk option at 1.99%. 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 12.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OMAH and UCO have the same expense ratio: 0.95% per year.
OMAH has the higher dividend yield at 15.36%, compared with 0.00% for UCO.
OMAH is categorized as Derivative Income, while UCO is Leveraged Commodities. They also come from different issuers: VistaShares and ProShares.
UCO currently has the higher Sharpe Ratio (2.03 vs 1.54), 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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