UCO vs. OILU
Compare and contrast key facts about ProShares Ultra Bloomberg Crude Oil (UCO) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU).
UCO and OILU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCO is a passively managed fund by ProShares that tracks the performance of the Dow Jones-UBS Crude Oil Sub-Index (200%). It was launched on Nov 24, 2008. OILU is managed by BMO Financial Group. It was launched on Mar 24, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCO or OILU.
Correlation
The correlation between UCO and OILU is 0.16, 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.
Performance
UCO vs. OILU - Performance Comparison
Key characteristics
UCO:
-0.70
OILU:
-0.76
UCO:
-0.82
OILU:
-0.93
UCO:
0.90
OILU:
0.87
UCO:
-0.35
OILU:
-0.73
UCO:
-1.60
OILU:
-1.72
UCO:
21.59%
OILU:
34.30%
UCO:
49.30%
OILU:
77.21%
UCO:
-99.95%
OILU:
-81.00%
UCO:
-99.65%
OILU:
-76.99%
Returns By Period
In the year-to-date period, UCO achieves a -21.42% return, which is significantly higher than OILU's -28.57% return.
UCO
-21.42%
-16.63%
-19.40%
-35.93%
39.36%
-27.93%
OILU
-28.57%
-40.43%
-37.95%
-59.52%
N/A
N/A
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UCO vs. OILU - Expense Ratio Comparison
Both UCO and OILU have an expense ratio of 0.95%.
Risk-Adjusted Performance
UCO vs. OILU — Risk-Adjusted Performance Rank
UCO
OILU
UCO vs. OILU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Crude Oil (UCO) and MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU). 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.
Dividends
UCO vs. OILU - Dividend Comparison
Neither UCO nor OILU has paid dividends to shareholders.
Drawdowns
UCO vs. OILU - Drawdown Comparison
The maximum UCO drawdown since its inception was -99.95%, which is greater than OILU's maximum drawdown of -81.00%. Use the drawdown chart below to compare losses from any high point for UCO and OILU. For additional features, visit the drawdowns tool.
Volatility
UCO vs. OILU - Volatility Comparison
The current volatility for ProShares Ultra Bloomberg Crude Oil (UCO) is 24.37%, while MicroSectors Oil & Gas Exploration & Production 3X Leveraged ETN (OILU) has a volatility of 56.96%. This indicates that UCO experiences smaller price fluctuations and is considered to be less risky than OILU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.