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SCO vs. VGT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCO vs. VGT

Last updated Jun 5, 2026

SCO (ProShares UltraShort Bloomberg Crude Oil) and VGT (Vanguard Information Technology ETF) are both exchange-traded funds - SCO is a Leveraged Commodities fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (-200%), while VGT is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Both are passively managed. Over the past 10 years, SCO returned -38.21%/yr vs 25.62%/yr for VGT. At a correlation of -0.24, they often move in opposite directions. SCO charges 0.95%/yr vs 0.09%/yr for VGT.

Performance

SCO vs. VGT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Bloomberg Crude Oil (SCO) and Vanguard Information Technology ETF (VGT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCO achieves a -67.25% return, which is significantly lower than VGT's 30.49% return. Over the past 10 years, SCO has underperformed VGT with an annualized return of -38.21%, while VGT has yielded a comparatively higher 25.62% annualized return.

SCO

1D
4.05%
1M
1.14%
YTD
-67.25%
6M
-65.49%
1Y
-67.35%
3Y*
-37.24%
5Y*
-42.35%
10Y*
-38.21%

VGT

1D
-0.88%
1M
14.99%
YTD
30.49%
6M
28.76%
1Y
58.31%
3Y*
33.33%
5Y*
22.01%
10Y*
25.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCO vs. VGT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCO
ProShares UltraShort Bloomberg Crude Oil		-67.25%15.90%-19.00%-12.41%-62.59%-72.62%-4.20%-58.50%19.22%-22.40%
VGT
Vanguard Information Technology ETF		30.49%21.77%29.30%52.66%-29.70%30.45%46.04%48.62%2.46%37.08%

Correlation

The correlation between SCO and VGT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.20

Correlation (3Y)
Calculated over the trailing 3-year period

0.01

Correlation (5Y)
Calculated over the trailing 5-year period

-0.07

Correlation (10Y)
Calculated over the trailing 10-year period

-0.14

Correlation (All Time)
Calculated using the full available price history since Nov 26, 2008

-0.24

The correlation between SCO and VGT shifts across timeframes, from -0.24 (all time) to 0.20 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares UltraShort Bloomberg Crude Oil

Vanguard Information Technology ETF

Often compared with SCO:
SCO vs. UCOSCO vs. USOSCO vs. DRIPSCO vs. NRGDSCO vs. BOILSCO vs. KOLDSCO vs. ERX
Often compared with VGT:
VGT vs. QQQVGT vs. VOOVGT vs. QQQMVGT vs. SMHVGT vs. VUGVGT vs. FTECVGT vs. XLK

Return for Risk

SCO vs. VGT — 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: 00
Sortino Ratio Rank
SCO Omega Ratio Rank: 00
Omega Ratio Rank
SCO Calmar Ratio Rank: 11
Calmar Ratio Rank
SCO Martin Ratio Rank: 00
Martin Ratio Rank
VGT
VGT Risk / Return Rank: 7676
Overall Rank
VGT Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
VGT Sortino Ratio Rank: 8080
Sortino Ratio Rank
VGT Omega Ratio Rank: 7878
Omega Ratio Rank
VGT Calmar Ratio Rank: 7373
Calmar Ratio Rank
VGT 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. VGT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) and Vanguard Information Technology ETF (VGT). 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.

SCOVGTDifference
Sharpe ratioReturn per unit of total volatility
-1.19
2.85

-4.04

Sortino ratioReturn per unit of downside risk
-2.29
3.54

-5.82

Omega ratioGain probability vs. loss probability

0.76

1.46

-0.70

Calmar ratioReturn relative to maximum drawdown

-0.93

3.57

-4.51

Martin ratioReturn relative to average drawdown

-1.94

11.41

-13.35

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCO vs. VGT - Sharpe Ratio Comparison

The current SCO Sharpe Ratio is -1.19, which is lower than the VGT Sharpe Ratio of 2.85. The chart below compares the historical Sharpe Ratios of SCO and VGT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SCOVGTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.19

2.85

-4.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.71

0.88

-1.59

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.53

1.04

-1.58

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.38

0.68

-1.06

Drawdowns

SCO vs. VGT - Drawdown Comparison

The maximum SCO drawdown since its inception was -99.80%, which is greater than VGT's maximum drawdown of -54.63%. Use the drawdown chart below to compare losses from any high point for SCO and VGT.

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Drawdown Indicators

SCOVGTDifference

Max Drawdown

Largest peak-to-trough decline

-99.80%

-54.63%

-45.17%

Max Drawdown (1Y)

Largest decline over 1 year

-72.24%

-16.40%

-55.84%

Max Drawdown (3Y)

Largest decline over 3 years

-79.85%

-27.23%

-52.62%

Max Drawdown (5Y)

Largest decline over 5 years

-94.80%

-35.07%

-59.73%

Max Drawdown (10Y)

Largest decline over 10 years

-99.51%

-35.07%

-64.44%

Current Drawdown

Current decline from peak

-99.78%

-2.35%

-97.43%

Average Drawdown

Average peak-to-trough decline

-85.18%

-7.95%

-77.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

34.87%

5.13%

+29.74%

Volatility

SCO vs. VGT - Volatility Comparison

ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 20.24% compared to Vanguard Information Technology ETF (VGT) at 6.51%. This indicates that SCO's price experiences larger fluctuations and is considered to be riskier than VGT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCOVGTDifference

Volatility (1M)

Calculated over the trailing 1-month period

20.24%

6.51%

+13.73%

Volatility (6M)

Calculated over the trailing 6-month period

45.73%

16.09%

+29.64%

Volatility (1Y)

Calculated over the trailing 1-year period

56.81%

20.55%

+36.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

59.76%

25.17%

+34.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

71.95%

24.60%

+47.35%

SCO vs. VGT - Expense Ratio Comparison

SCO has a 0.95% expense ratio, which is higher than VGT's 0.09% expense ratio.

Dividends

SCO vs. VGT - Dividend Comparison

SCO has not paid dividends to shareholders, while VGT's dividend yield for the trailing twelve months is around 0.31%.

PositionTTM20252024202320222021202020192018201720162015
SCO
ProShares UltraShort Bloomberg Crude Oil		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VGT
Vanguard Information Technology ETF		0.31%0.40%0.60%0.65%0.91%0.64%0.82%1.11%1.29%0.99%1.31%1.28%

Frequently Asked Questions

SCO and VGT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCO has higher volatility (20.24%) compared to VGT (6.51%). In terms of maximum drawdown, SCO dropped -99.80% vs VGT's -54.63%.

On 10-year performance, VGT leads with 25.62% vs -38.21% for SCO. On fees, VGT is cheaper at 0.09% per year. On volatility, VGT has been the lower-risk option at 6.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, VGT has performed better with a 25.62% return vs -38.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VGT is cheaper with a 0.09% expense ratio, compared with 0.95% for SCO.

VGT has the higher dividend yield at 0.31%, compared with 0.00% for SCO.

SCO is categorized as Leveraged Commodities, while VGT is Technology Equities. SCO tracks Bloomberg Commodity Balanced WTI Crude Oil Index (-200%), while VGT tracks MSCI USA IMI Information Technology 25/50 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for SCO and 0.09% for VGT.

VGT currently has the higher Sharpe Ratio (2.85 vs -1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

Portfolio Optimizer

Find the right allocation for SCO and VGT

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