USO vs. SCO
Compare and contrast key facts about United States Oil Fund LP (USO) and ProShares UltraShort Bloomberg Crude Oil (SCO).
USO and SCO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. 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 USO 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: USO or SCO.
Correlation
The correlation between USO and SCO is 0.34, 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
USO vs. SCO - Performance Comparison
Key characteristics
USO:
-0.44
SCO:
0.51
USO:
-0.44
SCO:
1.07
USO:
0.95
SCO:
1.12
USO:
-0.14
SCO:
0.25
USO:
-1.28
SCO:
1.70
USO:
10.23%
SCO:
14.92%
USO:
29.86%
SCO:
49.53%
USO:
-98.19%
SCO:
-99.50%
USO:
-92.72%
SCO:
-99.32%
Returns By Period
In the year-to-date period, USO achieves a -9.38% return, which is significantly lower than SCO's 18.20% return. Over the past 10 years, USO has outperformed SCO with an annualized return of -7.93%, while SCO has yielded a comparatively lower -28.99% annualized return.
USO
-9.38%
-8.50%
-6.30%
-14.04%
27.30%
-7.93%
SCO
18.20%
13.90%
11.67%
28.04%
-53.43%
-28.99%
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USO vs. SCO - Expense Ratio Comparison
USO has a 0.79% expense ratio, which is lower than SCO's 0.95% expense ratio.
Risk-Adjusted Performance
USO vs. SCO — Risk-Adjusted Performance Rank
USO
SCO
USO vs. SCO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for United States Oil Fund LP (USO) 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
USO vs. SCO - Dividend Comparison
Neither USO nor SCO has paid dividends to shareholders.
Drawdowns
USO vs. SCO - Drawdown Comparison
The maximum USO drawdown since its inception was -98.19%, roughly equal to the maximum SCO drawdown of -99.50%. Use the drawdown chart below to compare losses from any high point for USO and SCO. For additional features, visit the drawdowns tool.
Volatility
USO vs. SCO - Volatility Comparison
The current volatility for United States Oil Fund LP (USO) is 14.50%, while ProShares UltraShort Bloomberg Crude Oil (SCO) has a volatility of 23.53%. This indicates that USO experiences smaller price fluctuations and is considered to be less risky than SCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.