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 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.
Performance
SCO vs. NRGD - Performance Comparison
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SCO vs. NRGD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SCO ProShares UltraShort Bloomberg Crude Oil | -57.57% | 22.33% |
NRGD MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN | -69.03% | -32.37% |
Returns By Period
In the year-to-date period, SCO achieves a -57.57% return, which is significantly higher than NRGD's -69.03% return.
SCO
- 1D
- 7.91%
- 1M
- -40.99%
- YTD
- -57.57%
- 6M
- -52.24%
- 1Y
- -50.36%
- 3Y*
- -30.90%
- 5Y*
- -42.55%
- 10Y*
- -40.15%
NRGD
- 1D
- 5.43%
- 1M
- -38.99%
- YTD
- -69.03%
- 6M
- -68.32%
- 1Y
- -79.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SCO vs. NRGD - Expense Ratio Comparison
Both SCO and NRGD have an expense ratio of 0.95%.
Return for Risk
SCO vs. NRGD — Risk / Return Rank
SCO
NRGD
SCO vs. NRGD - Risk-Adjusted Trends 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.
| SCO | NRGD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.89 | -0.89 | 0.00 |
Sortino ratioReturn per unit of downside risk | -1.34 | -1.86 | +0.52 |
Omega ratioGain probability vs. loss probability | 0.85 | 0.79 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.89 | +0.10 |
Martin ratioReturn relative to average drawdown | -1.92 | -1.30 | -0.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SCO | NRGD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.89 | -0.89 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.72 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.37 | -0.87 | +0.50 |
Correlation
The correlation between SCO and NRGD is 0.69, 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.
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 -99.74%, which is greater than NRGD's maximum drawdown of -89.38%. Use the drawdown chart below to compare losses from any high point for SCO and NRGD.
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Drawdown Indicators
| SCO | NRGD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -89.38% | -10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -66.46% | -89.38% | +22.92% |
Max Drawdown (5Y)Largest decline over 5 years | -94.53% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.48% | — | — |
Current DrawdownCurrent decline from peak | -99.72% | -88.63% | -11.09% |
Average DrawdownAverage peak-to-trough decline | -85.02% | -54.41% | -30.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.57% | 61.18% | -33.61% |
Volatility
SCO vs. NRGD - Volatility Comparison
ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 23.33% compared to MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETN (NRGD) at 19.52%. 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.
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Volatility by Period
| SCO | NRGD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.33% | 19.52% | +3.81% |
Volatility (6M)Calculated over the trailing 6-month period | 39.96% | 50.19% | -10.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.93% | 88.75% | -31.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.10% | 87.55% | -28.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.92% | 87.55% | -15.63% |