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UCO vs. OIH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UCO and OIH is 0.35, 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.


-0.50.00.51.0
Correlation: 0.3

Performance

UCO vs. OIH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Bloomberg Crude Oil (UCO) and VanEck Vectors Oil Services ETF (OIH). The values are adjusted to include any dividend payments, if applicable.

-100.00%-80.00%-60.00%-40.00%-20.00%NovemberDecember2025FebruaryMarchApril
-99.60%
-45.49%
UCO
OIH

Key characteristics

Sharpe Ratio

UCO:

-0.71

OIH:

-0.90

Sortino Ratio

UCO:

-0.83

OIH:

-1.17

Omega Ratio

UCO:

0.90

OIH:

0.84

Calmar Ratio

UCO:

-0.35

OIH:

-0.40

Martin Ratio

UCO:

-1.61

OIH:

-2.01

Ulcer Index

UCO:

21.72%

OIH:

16.14%

Daily Std Dev

UCO:

49.33%

OIH:

36.23%

Max Drawdown

UCO:

-99.95%

OIH:

-94.24%

Current Drawdown

UCO:

-99.65%

OIH:

-80.37%

Returns By Period

The year-to-date returns for both stocks are quite close, with UCO having a -20.18% return and OIH slightly lower at -20.26%. Over the past 10 years, UCO has underperformed OIH with an annualized return of -28.12%, while OIH has yielded a comparatively higher -10.37% annualized return.


UCO

YTD

-20.18%

1M

-16.67%

6M

-20.47%

1Y

-35.99%

5Y*

48.05%

10Y*

-28.12%

OIH

YTD

-20.26%

1M

-18.33%

6M

-20.79%

1Y

-32.26%

5Y*

19.31%

10Y*

-10.37%

*Annualized

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UCO vs. OIH - Expense Ratio Comparison

UCO has a 0.95% expense ratio, which is higher than OIH's 0.35% expense ratio.


Expense ratio chart for UCO: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UCO: 0.95%
Expense ratio chart for OIH: current value is 0.35%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
OIH: 0.35%

Risk-Adjusted Performance

UCO vs. OIH — Risk-Adjusted Performance Rank

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

UCO
The Risk-Adjusted Performance Rank of UCO is 33
Overall Rank
The Sharpe Ratio Rank of UCO is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of UCO is 22
Sortino Ratio Rank
The Omega Ratio Rank of UCO is 33
Omega Ratio Rank
The Calmar Ratio Rank of UCO is 55
Calmar Ratio Rank
The Martin Ratio Rank of UCO is 11
Martin Ratio Rank

OIH
The Risk-Adjusted Performance Rank of OIH is 11
Overall Rank
The Sharpe Ratio Rank of OIH is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of OIH is 11
Sortino Ratio Rank
The Omega Ratio Rank of OIH is 11
Omega Ratio Rank
The Calmar Ratio Rank of OIH is 44
Calmar Ratio Rank
The Martin Ratio Rank of OIH is 00
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UCO vs. OIH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Crude Oil (UCO) and VanEck Vectors Oil Services ETF (OIH). 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.


The chart of Sharpe ratio for UCO, currently valued at -0.71, compared to the broader market-1.000.001.002.003.004.00
UCO: -0.71
OIH: -0.90
The chart of Sortino ratio for UCO, currently valued at -0.83, compared to the broader market-2.000.002.004.006.008.00
UCO: -0.83
OIH: -1.17
The chart of Omega ratio for UCO, currently valued at 0.90, compared to the broader market0.501.001.502.002.50
UCO: 0.90
OIH: 0.84
The chart of Calmar ratio for UCO, currently valued at -0.35, compared to the broader market0.002.004.006.008.0010.0012.00
UCO: -0.35
OIH: -0.41
The chart of Martin ratio for UCO, currently valued at -1.61, compared to the broader market0.0020.0040.0060.00
UCO: -1.61
OIH: -2.01

The current UCO Sharpe Ratio is -0.71, which is comparable to the OIH Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of UCO and OIH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.00NovemberDecember2025FebruaryMarchApril
-0.71
-0.90
UCO
OIH

Dividends

UCO vs. OIH - Dividend Comparison

UCO has not paid dividends to shareholders, while OIH's dividend yield for the trailing twelve months is around 2.51%.


TTM20242023202220212020201920182017201620152014
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%
OIH
VanEck Vectors Oil Services ETF
2.51%2.01%1.36%0.95%0.98%1.23%2.20%2.13%2.60%1.40%2.39%2.38%

Drawdowns

UCO vs. OIH - Drawdown Comparison

The maximum UCO drawdown since its inception was -99.95%, which is greater than OIH's maximum drawdown of -94.24%. Use the drawdown chart below to compare losses from any high point for UCO and OIH. For additional features, visit the drawdowns tool.


-100.00%-95.00%-90.00%-85.00%-80.00%-75.00%-70.00%-65.00%NovemberDecember2025FebruaryMarchApril
-99.65%
-77.17%
UCO
OIH

Volatility

UCO vs. OIH - Volatility Comparison

ProShares Ultra Bloomberg Crude Oil (UCO) and VanEck Vectors Oil Services ETF (OIH) have volatilities of 24.39% and 24.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%NovemberDecember2025FebruaryMarchApril
24.39%
24.95%
UCO
OIH