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.
Performance
SCO vs. NRGD - Performance Comparison
Returns By Period
SCO
-14.46%
-4.59%
7.98%
-2.99%
-42.09%
-26.98%
NRGD
N/A
N/A
N/A
N/A
N/A
N/A
Key characteristics
| SCO | NRGD |
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SCO vs. NRGD - Expense Ratio Comparison
Both SCO and NRGD have an expense ratio of 0.95%.
Correlation
The correlation between SCO and NRGD is 0.54, 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.
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
Volatility
SCO vs. NRGD - Volatility Comparison
ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 16.85% compared to MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) at 0.00%. This indicates that SCO's price experiences larger fluctuations and is considered to be riskier than NRGD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.