SCC vs. OOQB
SCC (ProShares UltraShort Consumer Services) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - SCC is a Leveraged Equities fund tracking the DJ Global United States (All) / Consumer Services -IND (-200%), while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. SCC is passively managed, while OOQB is actively managed. Over the past year, SCC returned -15.43% vs -27.35% for OOQB. At a correlation of -0.59, they often move in opposite directions. SCC charges 0.95%/yr vs 0.75%/yr for OOQB.
Performance
SCC vs. OOQB - Performance Comparison
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Returns By Period
In the year-to-date period, SCC achieves a 3.99% return, which is significantly higher than OOQB's -18.43% return.
SCC
- 1D
- 1.71%
- 1M
- 1.88%
- YTD
- 3.99%
- 6M
- 4.09%
- 1Y
- -15.43%
- 3Y*
- -25.44%
- 5Y*
- -15.79%
- 10Y*
- -25.08%
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCC vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCC ProShares UltraShort Consumer Services | 3.99% | -17.72% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -13.30% |
Correlation
The correlation between SCC and OOQB is -0.48, 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 | -0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.59 |
The correlation between SCC and OOQB shifts across timeframes, from -0.59 (all time) to -0.48 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SCC vs. OOQB — Risk / Return Rank
SCC
OOQB
SCC vs. OOQB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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.
| SCC | OOQB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.94 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.51 | -0.02 |
| Martin ratioReturn relative to average drawdown | -0.80 | -0.91 | +0.11 |
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
| SCC | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | -0.53 | +0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.36 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | -0.41 | -0.23 |
Drawdowns
SCC vs. OOQB - Drawdown Comparison
The maximum SCC drawdown since its inception was -99.92%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for SCC and OOQB.
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Drawdown Indicators
| SCC | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -53.44% | -46.48% |
Max Drawdown (1Y)Largest decline over 1 year | -29.02% | -53.44% | +24.42% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -77.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.55% | — | — |
Current DrawdownCurrent decline from peak | -99.90% | -43.69% | -56.21% |
Average DrawdownAverage peak-to-trough decline | -85.95% | -23.26% | -62.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.21% | 30.11% | -10.90% |
Volatility
SCC vs. OOQB - Volatility Comparison
ProShares UltraShort Consumer Services (SCC) has a higher volatility of 10.71% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.00%. This indicates that SCC's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCC | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 0.00% | +10.71% |
Volatility (6M)Calculated over the trailing 6-month period | 26.41% | 39.39% | -12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.34% | 51.57% | -15.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.94% | 58.12% | -14.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.52% | 58.12% | -18.60% |
SCC vs. OOQB - Expense Ratio Comparison
SCC has a 0.95% expense ratio, which is higher than OOQB's 0.75% expense ratio.
Dividends
SCC vs. OOQB - Dividend Comparison
SCC's dividend yield for the trailing twelve months is around 4.53%, less than OOQB's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCC ProShares UltraShort Consumer Services | 4.53% | 4.87% | 7.46% | 4.53% | 0.53% | 0.00% | 0.06% | 2.67% | 0.86% |
Frequently Asked Questions
SCC and OOQB have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCC has higher volatility (10.71%) compared to OOQB (0.00%). In terms of maximum drawdown, SCC dropped -99.92% vs OOQB's -53.44%.
On 1-year performance, SCC leads with -15.43% vs -27.35% for OOQB. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SCC has performed better with a -15.43% return vs -27.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OOQB is cheaper with a 0.75% expense ratio, compared with 0.95% for SCC.
OOQB has the higher dividend yield at 11.62%, compared with 4.53% for SCC.
SCC is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for SCC and 0.75% for OOQB.
SCC currently has the higher Sharpe Ratio (-0.43 vs -0.53), 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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