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

Correlation

The correlation between SCO and USO 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.


-0.50.00.51.0
Correlation: 0.3

Performance

SCO vs. USO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Bloomberg Crude Oil (SCO) and United States Oil Fund LP (USO). The values are adjusted to include any dividend payments, if applicable.

-100.00%-95.00%-90.00%-85.00%-80.00%-75.00%December2025FebruaryMarchAprilMay
-98.44%
-80.65%
SCO
USO

Key characteristics

Sharpe Ratio

SCO:

0.75

USO:

-0.61

Sortino Ratio

SCO:

1.37

USO:

-0.71

Omega Ratio

SCO:

1.16

USO:

0.92

Calmar Ratio

SCO:

0.38

USO:

-0.20

Martin Ratio

SCO:

2.53

USO:

-1.73

Ulcer Index

SCO:

14.97%

USO:

10.57%

Daily Std Dev

SCO:

49.97%

USO:

30.07%

Max Drawdown

SCO:

-99.50%

USO:

-98.19%

Current Drawdown

SCO:

-99.25%

USO:

-93.19%

Returns By Period

In the year-to-date period, SCO achieves a 30.44% return, which is significantly higher than USO's -15.27% return. Over the past 10 years, SCO has underperformed USO with an annualized return of -27.52%, while USO has yielded a comparatively higher -9.11% annualized return.


SCO

YTD

30.44%

1M

33.11%

6M

20.73%

1Y

31.37%

5Y*

-53.21%

10Y*

-27.52%

USO

YTD

-15.27%

1M

-17.66%

6M

-11.12%

1Y

-15.70%

5Y*

27.76%

10Y*

-9.11%

*Annualized

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SCO vs. USO - Expense Ratio Comparison

SCO has a 0.95% expense ratio, which is higher than USO's 0.79% expense ratio.


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 USO: current value is 0.79%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
USO: 0.79%

Risk-Adjusted Performance

SCO vs. USO — 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 6666
Overall Rank
The Sharpe Ratio Rank of SCO is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of SCO is 7777
Sortino Ratio Rank
The Omega Ratio Rank of SCO is 6969
Omega Ratio Rank
The Calmar Ratio Rank of SCO is 5050
Calmar Ratio Rank
The Martin Ratio Rank of SCO is 6565
Martin Ratio Rank

USO
The Risk-Adjusted Performance Rank of USO is 44
Overall Rank
The Sharpe Ratio Rank of USO is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of USO is 33
Sortino Ratio Rank
The Omega Ratio Rank of USO is 44
Omega Ratio Rank
The Calmar Ratio Rank of USO is 99
Calmar Ratio Rank
The Martin Ratio Rank of USO is 11
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. USO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) and United States Oil Fund LP (USO). 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.


The chart of Sharpe ratio for SCO, currently valued at 0.75, compared to the broader market-1.000.001.002.003.004.00
SCO: 0.75
USO: -0.61
The chart of Sortino ratio for SCO, currently valued at 1.37, compared to the broader market-2.000.002.004.006.008.00
SCO: 1.37
USO: -0.71
The chart of Omega ratio for SCO, currently valued at 1.16, compared to the broader market0.501.001.502.002.50
SCO: 1.16
USO: 0.92
The chart of Calmar ratio for SCO, currently valued at 0.38, compared to the broader market0.002.004.006.008.0010.0012.00
SCO: 0.38
USO: -0.22
The chart of Martin ratio for SCO, currently valued at 2.53, compared to the broader market0.0020.0040.0060.00
SCO: 2.53
USO: -1.73

The current SCO Sharpe Ratio is 0.75, which is higher than the USO Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of SCO and USO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.00December2025FebruaryMarchAprilMay
0.75
-0.61
SCO
USO

Dividends

SCO vs. USO - Dividend Comparison

Neither SCO nor USO has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

SCO vs. USO - Drawdown Comparison

The maximum SCO drawdown since its inception was -99.50%, roughly equal to the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for SCO and USO. For additional features, visit the drawdowns tool.


-100.00%-95.00%-90.00%-85.00%-80.00%December2025FebruaryMarchAprilMay
-99.25%
-82.28%
SCO
USO

Volatility

SCO vs. USO - Volatility Comparison

ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 23.85% compared to United States Oil Fund LP (USO) at 14.49%. This indicates that SCO's price experiences larger fluctuations and is considered to be riskier than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
23.85%
14.49%
SCO
USO