UCO vs. ASTX

Last updated Aug 2, 2026

UCO (ProShares Ultra Bloomberg Crude Oil) and ASTX (Tradr 2X Long ASTS Daily ETF) are both exchange-traded funds - UCO is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (200%), while ASTX is a Leveraged Equities fund actively managed by Tradr. UCO is passively managed, while ASTX is actively managed. Over the past year, UCO returned 66.00% vs -68.42% for ASTX. Their 0.02 correlation means their historical movements had little consistent relationship. UCO charges 0.95%/yr vs 1.30%/yr for ASTX.

Performance

UCO vs. ASTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Crude Oil (UCO) and Tradr 2X Long ASTS Daily ETF (ASTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UCO achieves a 109.21% return, which is significantly higher than ASTX's -73.48% return.

UCO

• 1D: 1.00%
• 1M: 24.87%
• 6M: 67.72%
• YTD: 109.21%
• 1Y: 66.00%
• 3Y*: 9.81%
• 5Y*: 15.14%
• 10Y*: 26.28%
• ALL TIME*: -9.20%

ASTX

• 1D: 1.69%
• 1M: -57.22%
• 6M: -87.02%
• YTD: -73.48%
• 1Y: -68.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -54.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASTX Tradr 2X Long ASTS Daily ETF	$48.95M	$70.14M	$195.58M
UCO ProShares Ultra Bloomberg Crude Oil	$134.26M	$138.13M	$153.19M

UCO vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
UCO ProShares Ultra Bloomberg Crude Oil	109.21%	-17.93%
ASTX Tradr 2X Long ASTS Daily ETF	-73.48%	63.68%

Correlation

The correlation between UCO and ASTX is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.02

Return for Risk

UCO vs. ASTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UCO

UCO Risk / Return Rank: 39
UCO Sharpe Ratio Rank: 38
UCO Sortino Ratio Rank: 41
UCO Omega Ratio Rank: 39
UCO Calmar Ratio Rank: 41
UCO Martin Ratio Rank: 37

ASTX

ASTX Risk / Return Rank: 11
ASTX Sharpe Ratio Rank: 7
ASTX Sortino Ratio Rank: 23
ASTX Omega Ratio Rank: 21
ASTX Calmar Ratio Rank: 3
ASTX Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UCO vs. ASTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Crude Oil (UCO) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	UCO	ASTX	Difference
Sharpe ratio: Return per unit of total volatility	0.94	-0.32	+1.26
Sortino ratio: Return per unit of downside risk	1.52	0.83	+0.69
Omega ratio: Gain probability vs. loss probability	1.19	1.09	+0.09
Calmar ratio: Return relative to maximum drawdown	1.46	-0.76	+2.22
Martin ratio: Return relative to average drawdown	3.75	-1.27	+5.02

UCO vs. ASTX - Sharpe Ratio Comparison

The current UCO Sharpe Ratio is 0.94, which is higher than the ASTX Sharpe Ratio of -0.32. The chart below compares the historical Sharpe Ratios of UCO and ASTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UCO vs. ASTX - Drawdown Comparison

The maximum UCO drawdown since its inception was -99.86%, which is greater than ASTX's maximum drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for UCO and ASTX.

Drawdown Indicators

	UCO	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-99.86%	-91.24%	-8.62%
Max Drawdown (1Y) Largest decline over 1 year	-38.55%	-91.24%	+52.69%
Max Drawdown (3Y) Largest decline over 3 years	-50.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.24%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.50%	—	—
Current Drawdown Current decline from peak	-83.77%	-89.27%	+5.50%
Average Drawdown Average peak-to-trough decline	-82.13%	-49.51%	-32.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.30%	54.73%	-37.43%

Volatility

UCO vs. ASTX - Volatility Comparison

The current volatility for ProShares Ultra Bloomberg Crude Oil (UCO) is 22.33%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 60.16%. This indicates that UCO experiences smaller price fluctuations and is considered to be less risky than ASTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UCO	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.33%	60.16%	-37.83%
Volatility (6M) Calculated over the trailing 6-month period	51.79%	163.48%	-111.69%
Volatility (1Y) Calculated over the trailing 1-year period	60.01%	218.96%	-158.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.46%	215.72%	-155.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	317.65%	215.72%	+101.93%

UCO vs. ASTX - Expense Ratio Comparison

UCO has a 0.95% expense ratio, which is lower than ASTX's 1.30% expense ratio.

Dividends

UCO vs. ASTX - Dividend Comparison

Neither UCO nor ASTX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UCO and ASTX in my portfolio?

UCO and ASTX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UCO or ASTX?

ASTX has higher volatility (60.16%) compared to UCO (22.33%). In terms of maximum drawdown, UCO dropped -99.86% vs ASTX's -91.24%.

Which ETF is better, UCO or ASTX?

On 1-year performance, UCO leads with 66.00% vs -68.42% for ASTX. On fees, UCO is cheaper at 0.95% per year. On volatility, UCO has been the lower-risk option at 22.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UCO or ASTX?

Over the 1-year period, UCO has performed better with a 66.00% return vs -68.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UCO or ASTX?

UCO is cheaper with a 0.95% expense ratio, compared with 1.30% for ASTX.

Which ETF pays a higher dividend yield, UCO or ASTX?

UCO and ASTX have nearly identical dividend yields, around 0.00%.

What is the main difference between UCO and ASTX?

UCO is categorized as Oil & Gas, while ASTX is Leveraged Equities. They also come from different issuers: ProShares and Tradr. Their fees differ too: 0.95% for UCO and 1.30% for ASTX.

Which has better risk-adjusted returns?

UCO currently has the higher Sharpe Ratio (0.94 vs -0.32), 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.