SCO vs. UCO
Compare and contrast key facts about ProShares UltraShort Bloomberg Crude Oil (SCO) and ProShares Ultra Bloomberg Crude Oil (UCO).
SCO and UCO 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. UCO is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Crude Oil Sub-Index (200%). It was launched on Nov 24, 2008. Both SCO and UCO 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 UCO.
Correlation
The correlation between SCO and UCO is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SCO vs. UCO - Performance Comparison
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Key characteristics
SCO:
0.39
UCO:
-0.65
SCO:
0.84
UCO:
-0.64
SCO:
1.10
UCO:
0.92
SCO:
0.17
UCO:
-0.31
SCO:
1.12
UCO:
-1.31
SCO:
15.14%
UCO:
23.78%
SCO:
51.26%
UCO:
51.00%
SCO:
-99.50%
UCO:
-99.95%
SCO:
-99.33%
UCO:
-99.66%
Returns By Period
In the year-to-date period, SCO achieves a 17.43% return, which is significantly higher than UCO's -22.55% return. Both investments have delivered pretty close results over the past 10 years, with SCO having a -29.00% annualized return and UCO not far ahead at -27.92%.
SCO
17.43%
-3.54%
3.65%
19.77%
-50.35%
-29.00%
UCO
-22.55%
0.47%
-13.34%
-32.83%
35.66%
-27.92%
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SCO vs. UCO - Expense Ratio Comparison
Both SCO and UCO have an expense ratio of 0.95%.
Risk-Adjusted Performance
SCO vs. UCO — Risk-Adjusted Performance Rank
SCO
UCO
SCO vs. UCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) and ProShares Ultra Bloomberg Crude Oil (UCO). 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.
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Dividends
SCO vs. UCO - Dividend Comparison
Neither SCO nor UCO has paid dividends to shareholders.
Drawdowns
SCO vs. UCO - Drawdown Comparison
The maximum SCO drawdown since its inception was -99.50%, roughly equal to the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for SCO and UCO. For additional features, visit the drawdowns tool.
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Volatility
SCO vs. UCO - Volatility Comparison
ProShares UltraShort Bloomberg Crude Oil (SCO) and ProShares Ultra Bloomberg Crude Oil (UCO) have volatilities of 16.93% and 16.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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