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SCO vs. NRGD
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SCO and NRGD is -0.55. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.5

Performance

SCO vs. NRGD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Bloomberg Crude Oil (SCO) and MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD). The values are adjusted to include any dividend payments, if applicable.

0.00%20.00%40.00%60.00%80.00%Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
24.77%
25.19%
SCO
NRGD

Key characteristics

Daily Std Dev

SCO:

49.53%

NRGD:

151.95%

Max Drawdown

SCO:

-99.50%

NRGD:

-32.02%

Current Drawdown

SCO:

-99.32%

NRGD:

-32.02%

Returns By Period


SCO

YTD

18.20%

1M

13.90%

6M

11.67%

1Y

28.04%

5Y*

-53.43%

10Y*

-28.99%

NRGD

YTD

N/A

1M

23.24%

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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SCO vs. NRGD - Expense Ratio Comparison

Both SCO and NRGD have an expense ratio of 0.95%.


Expense ratio chart for SCO: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SCO: 0.95%
Expense ratio chart for NRGD: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
NRGD: 0.95%

Risk-Adjusted Performance

SCO vs. NRGD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCO
The Risk-Adjusted Performance Rank of SCO is 5858
Overall Rank
The Sharpe Ratio Rank of SCO is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SCO is 7070
Sortino Ratio Rank
The Omega Ratio Rank of SCO is 6262
Omega Ratio Rank
The Calmar Ratio Rank of SCO is 4545
Calmar Ratio Rank
The Martin Ratio Rank of SCO is 5656
Martin Ratio Rank

NRGD
The Risk-Adjusted Performance Rank of NRGD is 33
Overall Rank
The Sharpe Ratio Rank of NRGD is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of NRGD is 33
Sortino Ratio Rank
The Omega Ratio Rank of NRGD is 33
Omega Ratio Rank
The Calmar Ratio Rank of NRGD is 33
Calmar Ratio Rank
The Martin Ratio Rank of NRGD is 33
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SCO vs. NRGD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) and MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD). 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.


The chart of Sharpe ratio for SCO, currently valued at 0.51, compared to the broader market-1.000.001.002.003.004.00
SCO: 0.51
The chart of Sortino ratio for SCO, currently valued at 1.07, compared to the broader market-2.000.002.004.006.008.00
SCO: 1.07
The chart of Omega ratio for SCO, currently valued at 1.12, compared to the broader market0.501.001.502.002.50
SCO: 1.12
The chart of Calmar ratio for SCO, currently valued at 0.25, compared to the broader market0.002.004.006.008.0010.0012.00
SCO: 0.25
The chart of Martin ratio for SCO, currently valued at 1.70, compared to the broader market0.0020.0040.0060.00
SCO: 1.70


Chart placeholderNot enough data

Dividends

SCO vs. NRGD - Dividend Comparison

Neither SCO nor NRGD has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

SCO vs. NRGD - Drawdown Comparison

The maximum SCO drawdown since its inception was -99.50%, which is greater than NRGD's maximum drawdown of -32.02%. Use the drawdown chart below to compare losses from any high point for SCO and NRGD. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
-12.66%
-32.02%
SCO
NRGD

Volatility

SCO vs. NRGD - Volatility Comparison

The current volatility for ProShares UltraShort Bloomberg Crude Oil (SCO) is 23.53%, while MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a volatility of 58.75%. This indicates that SCO experiences smaller price fluctuations and is considered to be less risky than NRGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%60.00%Mar 23Tue 25Thu 27Sat 29Mon 31Wed 02Fri 04Apr 06Tue 08Thu 10Sat 12Mon 14Wed 16Fri 18Apr 20Tue 22Thu 24
23.53%
58.75%
SCO
NRGD