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

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.


-0.50.00.51.00.5

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.

-100.00%-98.00%-96.00%-94.00%-92.00%JulyAugustSeptemberOctoberNovemberDecember
-93.86%
-99.93%
SCO
NRGD

Key characteristics

Returns By Period


SCO

YTD

-14.27%

1M

-0.50%

6M

13.07%

1Y

-8.67%

5Y*

-40.98%

10Y*

-30.61%

NRGD

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

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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 at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for NRGD: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%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.


Sharpe ratio
The chart of Sharpe ratio for SCO, currently valued at -0.19, compared to the broader market0.002.004.00-0.19-0.65
The chart of Sortino ratio for SCO, currently valued at 0.04, compared to the broader market-2.000.002.004.006.008.0010.000.04-0.78
The chart of Omega ratio for SCO, currently valued at 1.00, compared to the broader market0.501.001.502.002.503.001.000.89
The chart of Calmar ratio for SCO, currently valued at -0.09, compared to the broader market0.005.0010.0015.00-0.09-0.25
The chart of Martin ratio for SCO, currently valued at -0.45, compared to the broader market0.0020.0040.0060.0080.00100.00-0.45-0.74
SCO
NRGD


Rolling 12-month Sharpe Ratio-1.00-0.500.000.50JulyAugustSeptemberOctoberNovemberDecember
-0.19
-0.65
SCO
NRGD

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


-100.00%-99.50%-99.00%-98.50%-98.00%JulyAugustSeptemberOctoberNovemberDecember
-98.47%
-99.98%
SCO
NRGD

Volatility

SCO vs. NRGD - Volatility Comparison

ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 10.41% 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.


0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
10.41%
0
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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