UCO vs. SOXL
Compare and contrast key facts about ProShares Ultra Bloomberg Crude Oil (UCO) and Direxion Daily Semiconductor Bull 3x Shares (SOXL).
UCO and SOXL 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. SOXL is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (300%). It was launched on Mar 11, 2010. Both UCO and SOXL 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 SOXL.
Key characteristics
| UCO | SOXL | |
|---|---|---|
| YTD Return | 2.57% | 13.38% |
| 1Y Return | -6.66% | 94.03% |
| 3Y Return (Ann) | 2.43% | -17.11% |
| 5Y Return (Ann) | -25.08% | 18.83% |
| 10Y Return (Ann) | -32.67% | 35.67% |
| Sharpe Ratio | -0.13 | 0.90 |
| Sortino Ratio | 0.14 | 1.65 |
| Omega Ratio | 1.02 | 1.22 |
| Calmar Ratio | -0.06 | 1.22 |
| Martin Ratio | -0.43 | 3.02 |
| Ulcer Index | 14.49% | 30.16% |
| Daily Std Dev | 47.48% | 100.90% |
| Max Drawdown | -99.95% | -90.46% |
| Current Drawdown | -99.57% | -50.48% |
Correlation
The correlation between UCO and SOXL is 0.23, 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. SOXL - Performance Comparison
In the year-to-date period, UCO achieves a 2.57% return, which is significantly lower than SOXL's 13.38% return. Over the past 10 years, UCO has underperformed SOXL with an annualized return of -32.67%, while SOXL has yielded a comparatively higher 35.67% 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. SOXL - Expense Ratio Comparison
UCO has a 0.95% expense ratio, which is lower than SOXL's 0.99% expense ratio.
Risk-Adjusted Performance
UCO vs. SOXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Bloomberg Crude Oil (UCO) and Direxion Daily Semiconductor Bull 3x Shares (SOXL). 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. SOXL - Dividend Comparison
UCO has not paid dividends to shareholders, while SOXL's dividend yield for the trailing twelve months is around 0.87%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXL Direxion Daily Semiconductor Bull 3x Shares | 0.87% | 0.51% | 1.08% | 0.04% | 0.05% | 0.38% | 1.30% | 0.09% | 4.84% | 0.00% | 0.00% |
Drawdowns
UCO vs. SOXL - Drawdown Comparison
The maximum UCO drawdown since its inception was -99.95%, which is greater than SOXL's maximum drawdown of -90.46%. Use the drawdown chart below to compare losses from any high point for UCO and SOXL. For additional features, visit the drawdowns tool.
Volatility
UCO vs. SOXL - Volatility Comparison
The current volatility for ProShares Ultra Bloomberg Crude Oil (UCO) is 17.40%, while Direxion Daily Semiconductor Bull 3x Shares (SOXL) has a volatility of 28.88%. This indicates that UCO experiences smaller price fluctuations and is considered to be less risky than SOXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.