SCO vs. NRGD
Compare and contrast key facts about ProShares UltraShort Bloomberg Crude Oil (SCO) and MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD).
SCO and NRGD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SCO is a passively managed fund by ProShares that tracks the performance of the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%). It was launched on Nov 24, 2008. NRGD is a passively managed fund by BMO Financial Group that tracks the performance of the Solactive MicroSectors U.S. Big Oil Index (-300%). It was launched on Apr 9, 2019. Both SCO and NRGD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SCO or NRGD.
Key characteristics
| SCO | NRGD | |
|---|---|---|
| YTD Return | -23.36% | -34.26% |
| 1Y Return | -35.78% | -52.07% |
| 3Y Return (Ann) | -49.36% | -74.49% |
| 5Y Return (Ann) | -45.04% | -77.26% |
| Sharpe Ratio | -0.68 | -0.85 |
| Daily Std Dev | 49.50% | 60.18% |
| Max Drawdown | -99.50% | -99.99% |
| Current Drawdown | -99.46% | -99.98% |
Correlation
The correlation between SCO and NRGD is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SCO vs. NRGD - Performance Comparison
In the year-to-date period, SCO achieves a -23.36% return, which is significantly higher than NRGD's -34.26% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SCO vs. NRGD - Expense Ratio Comparison
Both SCO and NRGD have an expense ratio of 0.95%.
Risk-Adjusted Performance
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.
Dividends
SCO vs. NRGD - Dividend Comparison
Neither SCO nor NRGD has paid dividends to shareholders.
Drawdowns
SCO vs. NRGD - Drawdown Comparison
The maximum SCO drawdown since its inception was -99.50%, roughly equal to the maximum NRGD drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for SCO and NRGD. For additional features, visit the drawdowns tool.
Volatility
SCO vs. NRGD - Volatility Comparison
The current volatility for ProShares UltraShort Bloomberg Crude Oil (SCO) is 7.61%, while MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a volatility of 16.54%. 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.