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SCO vs. USO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

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.

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SCO vs. USO - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
SCO
ProShares UltraShort Bloomberg Crude Oil
-57.57%15.90%-19.00%-12.41%-62.59%-72.62%-4.20%-58.50%19.22%-22.40%
USO
United States Oil Fund LP
83.99%-8.46%13.35%-4.94%28.97%64.68%-67.79%32.61%-19.57%2.47%

Returns By Period

In the year-to-date period, SCO achieves a -57.57% return, which is significantly lower than USO's 83.99% return. Over the past 10 years, SCO has underperformed USO with an annualized return of -40.15%, while USO has yielded a comparatively higher 5.48% annualized 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%

USO

1D
-1.99%
1M
55.28%
YTD
83.99%
6M
72.54%
1Y
64.55%
3Y*
24.19%
5Y*
24.91%
10Y*
5.48%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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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.


Return for Risk

SCO vs. USO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SCO
SCO Risk / Return Rank: 11
Overall Rank
SCO Sharpe Ratio Rank: 11
Sharpe Ratio Rank
SCO Sortino Ratio Rank: 11
Sortino Ratio Rank
SCO Omega Ratio Rank: 11
Omega Ratio Rank
SCO Calmar Ratio Rank: 11
Calmar Ratio Rank
SCO Martin Ratio Rank: 00
Martin Ratio Rank

USO
USO Risk / Return Rank: 8282
Overall Rank
USO Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
USO Sortino Ratio Rank: 8888
Sortino Ratio Rank
USO Omega Ratio Rank: 8080
Omega Ratio Rank
USO Calmar Ratio Rank: 9393
Calmar Ratio Rank
USO Martin Ratio Rank: 6464
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SCO vs. USO - Risk-Adjusted Trends 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.


SCOUSODifference

Sharpe ratio

Return per unit of total volatility

-0.89

1.65

-2.54

Sortino ratio

Return per unit of downside risk

-1.34

2.32

-3.66

Omega ratio

Gain probability vs. loss probability

0.85

1.30

-0.44

Calmar ratio

Return relative to maximum drawdown

-0.80

3.44

-4.24

Martin ratio

Return relative to average drawdown

-1.92

5.96

-7.88

SCO vs. USO - Sharpe Ratio Comparison

The current SCO Sharpe Ratio is -0.89, which is lower than the USO Sharpe Ratio of 1.65. 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.


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Sharpe Ratios by Period


SCOUSODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.89

1.65

-2.54

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.72

0.73

-1.45

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.56

0.14

-0.70

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.37

-0.19

-0.17

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.


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 -99.74%, 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.


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Drawdown Indicators


SCOUSODifference

Max Drawdown

Largest peak-to-trough decline

-99.74%

-98.19%

-1.55%

Max Drawdown (1Y)

Largest decline over 1 year

-66.46%

-20.39%

-46.07%

Max Drawdown (5Y)

Largest decline over 5 years

-94.53%

-36.23%

-58.30%

Max Drawdown (10Y)

Largest decline over 10 years

-99.48%

-86.75%

-12.73%

Current Drawdown

Current decline from peak

-99.72%

-86.46%

-13.26%

Average Drawdown

Average peak-to-trough decline

-85.02%

-75.21%

-9.81%

Ulcer Index

Depth and duration of drawdowns from previous peaks

27.57%

11.77%

+15.80%

Volatility

SCO vs. USO - Volatility Comparison

ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 23.33% compared to United States Oil Fund LP (USO) at 21.87%. 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.


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Volatility by Period


SCOUSODifference

Volatility (1M)

Calculated over the trailing 1-month period

23.33%

21.87%

+1.46%

Volatility (6M)

Calculated over the trailing 6-month period

39.96%

29.71%

+10.25%

Volatility (1Y)

Calculated over the trailing 1-year period

56.93%

39.38%

+17.55%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

59.10%

34.41%

+24.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.92%

38.33%

+33.59%