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

Correlation

The correlation between SCO and NRGD is 0.64, 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.


-0.50.00.51.0
Correlation: 0.6

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%10.00%20.00%30.00%40.00%Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30
4.55%
-1.37%
SCO
NRGD

Key characteristics

Daily Std Dev

SCO:

44.41%

NRGD:

73.87%

Max Drawdown

SCO:

-99.50%

NRGD:

-28.10%

Current Drawdown

SCO:

-99.43%

NRGD:

-27.41%

Returns By Period


SCO

YTD

-0.95%

1M

-3.07%

6M

-9.31%

1Y

5.74%

5Y*

-50.00%

10Y*

-32.07%

NRGD

YTD

N/A

1M

-10.26%

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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%.


SCO
ProShares UltraShort Bloomberg Crude Oil
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 2828
Overall Rank
The Sharpe Ratio Rank of SCO is 2525
Sharpe Ratio Rank
The Sortino Ratio Rank of SCO is 3333
Sortino Ratio Rank
The Omega Ratio Rank of SCO is 3232
Omega Ratio Rank
The Calmar Ratio Rank of SCO is 2323
Calmar Ratio Rank
The Martin Ratio Rank of SCO is 2525
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.


Sharpe ratio
The chart of Sharpe ratio for SCO, currently valued at 0.10, compared to the broader market-1.000.001.002.003.004.005.00
SCO: 0.10
The chart of Sortino ratio for SCO, currently valued at 0.47, compared to the broader market-2.000.002.004.006.008.0010.00
SCO: 0.47
The chart of Omega ratio for SCO, currently valued at 1.05, compared to the broader market0.501.001.502.002.503.00
SCO: 1.05
The chart of Calmar ratio for SCO, currently valued at 0.05, compared to the broader market0.005.0010.0015.00
SCO: 0.05
The chart of Martin ratio for SCO, currently valued at 0.31, compared to the broader market0.0020.0040.0060.0080.00100.00
SCO: 0.31


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 -28.10%. Use the drawdown chart below to compare losses from any high point for SCO and NRGD. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30
-13.30%
-27.41%
SCO
NRGD

Volatility

SCO vs. NRGD - Volatility Comparison

The current volatility for ProShares UltraShort Bloomberg Crude Oil (SCO) is 10.91%, while MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) has a volatility of 17.88%. 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%12.00%14.00%16.00%18.00%20.00%22.00%24.00%Sat 22Mar 23Mon 24Tue 25Wed 26Thu 27Fri 28Sat 29Mar 30Mon 31April
10.91%
17.88%
SCO
NRGD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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