SCO vs. YGLD

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares UltraShort Bloomberg Crude Oil (SCO) and Simplify Gold Strategy PLUS Income ETF (YGLD).

SCO and YGLD 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. YGLD is an actively managed fund by Simplify. It was launched on Dec 2, 2024.

Performance

SCO vs. YGLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Bloomberg Crude Oil (SCO) and Simplify Gold Strategy PLUS Income ETF (YGLD). The values are adjusted to include any dividend payments, if applicable.

SCO vs. YGLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SCO ProShares UltraShort Bloomberg Crude Oil	-55.18%	15.90%	-4.41%
YGLD Simplify Gold Strategy PLUS Income ETF	1.68%	96.82%	-4.17%

Returns By Period

In the year-to-date period, SCO achieves a -55.18% return, which is significantly lower than YGLD's 1.68% 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%

YGLD

• 1D: 3.01%
• 1M: -22.43%
• YTD: 1.68%
• 6M: 12.73%
• 1Y: 63.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SCO vs. YGLD - Expense Ratio Comparison

SCO has a 0.95% expense ratio, which is higher than YGLD's 0.50% expense ratio.

SCO

ProShares UltraShort Bloomberg Crude Oil

YGLD

Simplify Gold Strategy PLUS Income ETF

Return for Risk

SCO vs. YGLD — Risk / Return Rank

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

SCO

SCO Risk / Return Rank: 1
SCO Sharpe Ratio Rank: 1
SCO Sortino Ratio Rank: 1
SCO Omega Ratio Rank: 2
SCO Calmar Ratio Rank: 2
SCO Martin Ratio Rank: 1

YGLD

YGLD Risk / Return Rank: 71
YGLD Sharpe Ratio Rank: 77
YGLD Sortino Ratio Rank: 73
YGLD Omega Ratio Rank: 72
YGLD Calmar Ratio Rank: 69
YGLD Martin Ratio Rank: 66

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. YGLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Bloomberg Crude Oil (SCO) and Simplify Gold Strategy PLUS Income ETF (YGLD). 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	YGLD	Difference
Sharpe ratio Return per unit of total volatility	-0.84	1.47	-2.30
Sortino ratio Return per unit of downside risk	-1.20	1.92	-3.12
Omega ratio Gain probability vs. loss probability	0.87	1.28	-0.41
Calmar ratio Return relative to maximum drawdown	-0.72	1.88	-2.60
Martin ratio Return relative to average drawdown	-1.71	7.15	-8.85
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. YGLD - Sharpe Ratio Comparison

The current SCO Sharpe Ratio is -0.84, which is lower than the YGLD Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of SCO and YGLD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SCO	YGLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.84	1.47	-2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.71	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.36	1.60	-1.96

Correlation

The correlation between SCO and YGLD is -0.10. 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. YGLD - Dividend Comparison

SCO has not paid dividends to shareholders, while YGLD's dividend yield for the trailing twelve months is around 15.24%.

	TTM	2025
SCO ProShares UltraShort Bloomberg Crude Oil	0.00%	0.00%
YGLD Simplify Gold Strategy PLUS Income ETF	15.24%	12.05%

Drawdowns

SCO vs. YGLD - Drawdown Comparison

The maximum SCO drawdown since its inception was -99.74%, which is greater than YGLD's maximum drawdown of -34.23%. Use the drawdown chart below to compare losses from any high point for SCO and YGLD.

Drawdown Indicators

	SCO	YGLD	Difference
Max Drawdown Largest peak-to-trough decline	-99.74%	-34.23%	-65.51%
Max Drawdown (1Y) Largest decline over 1 year	-66.46%	-34.23%	-32.23%
Max Drawdown (5Y) Largest decline over 5 years	-94.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.48%	—	—
Current Drawdown Current decline from peak	-99.70%	-26.63%	-73.07%
Average Drawdown Average peak-to-trough decline	-85.03%	-5.21%	-79.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.84%	9.01%	+18.83%

Volatility

SCO vs. YGLD - Volatility Comparison

ProShares UltraShort Bloomberg Crude Oil (SCO) has a higher volatility of 24.45% compared to Simplify Gold Strategy PLUS Income ETF (YGLD) at 14.93%. This indicates that SCO's price experiences larger fluctuations and is considered to be riskier than YGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SCO	YGLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.45%	14.93%	+9.52%
Volatility (6M) Calculated over the trailing 6-month period	40.35%	37.02%	+3.33%
Volatility (1Y) Calculated over the trailing 1-year period	57.03%	43.73%	+13.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.08%	40.13%	+18.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.93%	40.13%	+31.80%