SCO vs. UVXY
Compare and contrast key facts about ProShares UltraShort Bloomberg Crude Oil (SCO) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).
SCO and UVXY 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. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. Both SCO and UVXY 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. UVXY - Performance Comparison
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SCO vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCO ProShares UltraShort Bloomberg Crude Oil | -55.18% | 15.90% | -19.00% | -12.41% | -62.59% | -72.62% | -4.20% | -58.50% | 19.22% | -22.40% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 40.61% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Returns By Period
In the year-to-date period, SCO achieves a -55.18% return, which is significantly lower than UVXY's 40.61% return. Over the past 10 years, SCO has outperformed UVXY with an annualized return of -39.82%, while UVXY has yielded a comparatively lower -72.80% annualized return.
SCO
- 1D
- 5.65%
- 1M
- -31.91%
- YTD
- -55.18%
- 6M
- -50.11%
- 1Y
- -47.55%
- 3Y*
- -29.63%
- 5Y*
- -41.92%
- 10Y*
- -39.82%
UVXY
- 1D
- -3.40%
- 1M
- 25.05%
- YTD
- 40.61%
- 6M
- -2.75%
- 1Y
- -57.00%
- 3Y*
- -64.84%
- 5Y*
- -67.28%
- 10Y*
- -72.80%
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SCO vs. UVXY - Expense Ratio Comparison
Both SCO and UVXY have an expense ratio of 0.95%.
Return for Risk
SCO vs. UVXY — Risk / Return Rank
SCO
UVXY
SCO vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.84 | -0.51 | -0.33 |
Sortino ratioReturn per unit of downside risk | -1.20 | -0.30 | -0.90 |
Omega ratioGain probability vs. loss probability | 0.87 | 0.96 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.66 | -0.05 |
Martin ratioReturn relative to average drawdown | -1.71 | -0.80 | -0.91 |
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 | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.84 | -0.51 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.71 | -0.64 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | -0.64 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.36 | -0.67 | +0.31 |
Correlation
The correlation between SCO and UVXY is 0.23, 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.
Dividends
SCO vs. UVXY - Dividend Comparison
Neither SCO nor UVXY has paid dividends to shareholders.
Drawdowns
SCO vs. UVXY - Drawdown Comparison
The maximum SCO drawdown since its inception was -99.74%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SCO and UVXY.
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Drawdown Indicators
| SCO | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -100.00% | +0.26% |
Max Drawdown (1Y)Largest decline over 1 year | -66.46% | -85.64% | +19.18% |
Max Drawdown (5Y)Largest decline over 5 years | -94.53% | -99.77% | +5.24% |
Max Drawdown (10Y)Largest decline over 10 years | -99.48% | -100.00% | +0.52% |
Current DrawdownCurrent decline from peak | -99.70% | -100.00% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -85.03% | -98.53% | +13.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.84% | 71.09% | -43.25% |
Volatility
SCO vs. UVXY - Volatility Comparison
The current volatility for ProShares UltraShort Bloomberg Crude Oil (SCO) is 24.45%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 45.03%. This indicates that SCO experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCO | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.45% | 45.03% | -20.58% |
Volatility (6M)Calculated over the trailing 6-month period | 40.35% | 71.80% | -31.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.03% | 113.07% | -56.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.08% | 105.47% | -46.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.93% | 114.51% | -42.58% |