UCO vs. SCO
Compare and contrast key facts about ProShares Ultra Bloomberg Crude Oil (UCO) and ProShares UltraShort Bloomberg Crude Oil (SCO).
UCO and SCO 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. 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. Both UCO and SCO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCO or SCO.
Key characteristics
| UCO | SCO | |
|---|---|---|
| YTD Return | -3.45% | -10.48% |
| 1Y Return | -17.21% | 0.38% |
| 3Y Return (Ann) | 2.55% | -34.61% |
| 5Y Return (Ann) | -26.25% | -41.87% |
| 10Y Return (Ann) | -32.79% | -26.80% |
| Sharpe Ratio | -0.37 | 0.02 |
| Sortino Ratio | -0.24 | 0.38 |
| Omega Ratio | 0.97 | 1.04 |
| Calmar Ratio | -0.18 | 0.01 |
| Martin Ratio | -1.20 | 0.05 |
| Ulcer Index | 14.78% | 21.15% |
| Daily Std Dev | 47.48% | 47.63% |
| Max Drawdown | -99.95% | -99.50% |
| Current Drawdown | -99.60% | -99.37% |
Correlation
The correlation between UCO and SCO is -1.00. 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.
Performance
UCO vs. SCO - Performance Comparison
In the year-to-date period, UCO achieves a -3.45% return, which is significantly higher than SCO's -10.48% return. Over the past 10 years, UCO has underperformed SCO with an annualized return of -32.79%, while SCO has yielded a comparatively higher -26.80% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UCO vs. SCO - Expense Ratio Comparison
Both UCO and SCO have an expense ratio of 0.95%.
Risk-Adjusted Performance
UCO vs. SCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Crude Oil (UCO) and ProShares UltraShort Bloomberg Crude Oil (SCO). 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. SCO - Dividend Comparison
Neither UCO nor SCO has paid dividends to shareholders.
Drawdowns
UCO vs. SCO - Drawdown Comparison
The maximum UCO drawdown since its inception was -99.95%, roughly equal to the maximum SCO drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for UCO and SCO. For additional features, visit the drawdowns tool.
Volatility
UCO vs. SCO - Volatility Comparison
ProShares Ultra Bloomberg Crude Oil (UCO) and ProShares UltraShort Bloomberg Crude Oil (SCO) have volatilities of 16.13% and 15.43%, 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.