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

Correlation

The correlation between SCO and USO is -0.99. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-1.0

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.

-20.00%-10.00%0.00%10.00%20.00%30.00%40.00%JulyAugustSeptemberOctoberNovemberDecember
14.41%
-8.17%
SCO
USO

Key characteristics

Sharpe Ratio

SCO:

-0.21

USO:

0.26

Sortino Ratio

SCO:

0.00

USO:

0.56

Omega Ratio

SCO:

1.00

USO:

1.06

Calmar Ratio

SCO:

-0.10

USO:

0.08

Martin Ratio

SCO:

-0.51

USO:

0.86

Ulcer Index

SCO:

18.91%

USO:

8.32%

Daily Std Dev

SCO:

45.28%

USO:

27.07%

Max Drawdown

SCO:

-99.50%

USO:

-98.19%

Current Drawdown

SCO:

-99.39%

USO:

-92.24%

Returns By Period

In the year-to-date period, SCO achieves a -14.27% return, which is significantly lower than USO's 9.44% return. Over the past 10 years, SCO has underperformed USO with an annualized return of -30.43%, while USO has yielded a comparatively higher -8.43% annualized return.


SCO

YTD

-14.27%

1M

-0.22%

6M

13.28%

1Y

-6.62%

5Y*

-41.03%

10Y*

-30.43%

USO

YTD

9.44%

1M

1.21%

6M

-7.28%

1Y

5.16%

5Y*

-6.33%

10Y*

-8.43%

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. USO - Expense Ratio Comparison

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


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 USO: current value at 0.79% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.79%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for SCO, currently valued at -0.21, compared to the broader market0.002.004.00-0.210.26
The chart of Sortino ratio for SCO, currently valued at 0.00, compared to the broader market-2.000.002.004.006.008.0010.000.000.56
The chart of Omega ratio for SCO, currently valued at 1.00, compared to the broader market0.501.001.502.002.503.001.001.06
The chart of Calmar ratio for SCO, currently valued at -0.10, compared to the broader market0.005.0010.0015.00-0.100.09
The chart of Martin ratio for SCO, currently valued at -0.51, compared to the broader market0.0020.0040.0060.0080.00100.00-0.510.86
SCO
USO

The current SCO Sharpe Ratio is -0.21, which is lower than the USO Sharpe Ratio of 0.26. 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-1.00-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
-0.21
0.26
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%JulyAugustSeptemberOctoberNovemberDecember
-99.39%
-79.81%
SCO
USO

Volatility

SCO vs. USO - Volatility Comparison

ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 10.35% compared to United States Oil Fund LP (USO) at 6.49%. 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%JulyAugustSeptemberOctoberNovemberDecember
10.35%
6.49%
SCO
USO
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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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