TD vs. UCO
TD (The Toronto-Dominion Bank) is a stock, while UCO (ProShares Ultra Bloomberg Crude Oil) is Leveraged Commodities fund tracking the Dow Jones-UBS Crude Oil Sub-Index (200%). Over the past 10 years, TD returned 14.46%/yr vs -11.31%/yr for UCO. At a 0.35 correlation, their price movements are largely independent.
Performance
TD vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, TD achieves a 21.22% return, which is significantly lower than UCO's 149.12% return. Over the past 10 years, TD has outperformed UCO with an annualized return of 14.46%, while UCO has yielded a comparatively lower -11.31% annualized return.
TD
- 1D
- -0.85%
- 1M
- 5.75%
- YTD
- 21.22%
- 6M
- 35.34%
- 1Y
- 66.49%
- 3Y*
- 30.08%
- 5Y*
- 13.99%
- 10Y*
- 14.46%
UCO
- 1D
- 2.71%
- 1M
- -4.64%
- YTD
- 149.12%
- 6M
- 137.09%
- 1Y
- 120.48%
- 3Y*
- 25.90%
- 5Y*
- 22.16%
- 10Y*
- -11.31%
TD vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 21.22% | 85.32% | -13.40% | 5.04% | -12.19% | 41.25% | 5.58% | 17.45% | -12.10% | 22.85% |
UCO ProShares Ultra Bloomberg Crude Oil | 149.12% | -29.75% | 5.36% | -13.89% | 39.71% | 139.26% | -92.91% | 53.83% | -43.26% | 0.34% |
Correlation
The correlation between TD and UCO is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2008 | 0.35 |
The correlation between TD and UCO shifts across timeframes, from -0.16 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TD vs. UCO — Risk / Return Rank
TD
UCO
TD vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Toronto-Dominion Bank (TD) and ProShares Ultra Bloomberg Crude Oil (UCO). 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.
| TD | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 1.32 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 8.91 | 3.49 | +5.42 |
| Martin ratioReturn relative to average drawdown | 34.77 | 6.60 | +28.17 |
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
| TD | UCO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.05 | 2.12 | +1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 0.37 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | -0.16 | +0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | -0.34 | +0.94 |
Drawdowns
TD vs. UCO - Drawdown Comparison
The maximum TD drawdown since its inception was -64.18%, smaller than the maximum UCO drawdown of -99.95%. Use the drawdown chart below to compare losses from any high point for TD and UCO.
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Drawdown Indicators
| TD | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.18% | -99.95% | +35.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -34.77% | +27.27% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -50.38% | +31.19% |
Max Drawdown (5Y)Largest decline over 5 years | -30.93% | -67.24% | +36.31% |
Max Drawdown (10Y)Largest decline over 10 years | -41.98% | -98.75% | +56.77% |
Current DrawdownCurrent decline from peak | -1.07% | -99.23% | +98.16% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -85.49% | +74.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 18.33% | -16.41% |
Volatility
TD vs. UCO - Volatility Comparison
The current volatility for The Toronto-Dominion Bank (TD) is 5.57%, while ProShares Ultra Bloomberg Crude Oil (UCO) has a volatility of 20.83%. This indicates that TD experiences smaller price fluctuations and is considered to be less risky than UCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TD | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 20.83% | -15.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 46.44% | -33.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.53% | 57.11% | -40.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.82% | 59.78% | -39.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.72% | 71.36% | -49.64% |
Dividends
TD vs. UCO - Dividend Comparison
TD's dividend yield for the trailing twelve months is around 2.74%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TD The Toronto-Dominion Bank | 2.74% | 3.17% | 5.65% | 4.80% | 4.24% | 3.27% | 4.10% | 3.89% | 4.08% | 3.03% | 3.58% | 5.11% |
UCO ProShares Ultra 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% |
Frequently Asked Questions
TD and UCO have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCO has higher volatility (20.83%) compared to TD (5.57%). In terms of maximum drawdown, TD dropped -64.18% vs UCO's -99.95%.
TD currently has the higher Sharpe Ratio (4.05 vs 2.12), 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.
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