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ETFs

ProShares UltraShort Bloomberg Crude Oil

SCO
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 24, 2008
Expense Ratio
0.95%
Type
Global Commodities & Metals
Fund Owner
ProShares
Volume (1m avg. daily)
$54,039,595
AUM
$291,440,417
Associated Index
Bloomberg Commodity Balanced WTI Crude Oil Index
Inverse/Leveraged
Inverse (-2x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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Derivatives offset
199.9%
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Net Other Assets (Liabilities)
100%
Invest with SCO
Trade SCO Options

What is SCO?

ProShares UltraShort Bloomberg Crude Oil seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. The Bloomberg Commodity Balanced WTI Crude Oil Index aims to track the performance of three separate contract schedules for WTI crude oil futures which are reset on a semi-annual basis. One third of the index follows a monthly roll schedule, the second third of the index follows a June annual roll schedule, while the remaining third follows a December annual roll schedule.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

SCO
Performance Measures**

for the time period Nov 25, 2008 to Dec 4, 2025

Returns

1M Trailing Return: 2.6%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 7.9%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -99.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 70.4%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: -0.01

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: -0.23

The annualized return divided by the max drawdown for the selected time period.

ETFs related toSCO

ETFs correlated to SCO include ERY, OILD, DUG

SCO
ProShares Trust - ProShares UltraShort Bloomberg Crude Oil -2x Shares
ERY
Direxion Shares ETF Trust - Direxion Daily Energy Bear -2X Shares
OILD
Bank of Montreal - MicroSectors Oil & Gas Exploration & Production -3X Inverse Leveraged
DUG
ProShares Trust - ProShares UltraShort Energy
DRIP
Direxion Shares ETF Trust - Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares
NRGD
Bank of Montreal - MicroSectors U.S. Big Oil Index -3X Inverse Leveraged ETNs
BNKD
Bank of Montreal - MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETNs
FAZ
Direxion Shares ETF Trust - Direxion Daily Financial Bear 3x Shares
DXD
ProShares Trust - ProShares UltraShort Dow 30-2X Shares
SDOW
ProShares Trust - ProShares UltraPro Short Dow30 -3x Shares
DOG
ProShares Trust - ProShares Short Dow30 -1x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toSCO

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OOS Cumulative Return

417.78%

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Tactical asset allocation, risk-on/risk-off, leveraged ETFs, momentum, mean reversion, bonds vs stocks, volatility hedges

OOS Cumulative Return

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Create your own algorithmic trading strategy with SCO using Composer

FAQ

SCO is a Global Commodities & Metals ETF. ProShares UltraShort Bloomberg Crude Oil seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. The Bloomberg Commodity Balanced WTI Crude Oil Index aims to track the performance of three separate contract schedules for WTI crude oil futures which are reset on a semi-annual basis. One third of the index follows a monthly roll schedule, the second third of the index follows a June annual roll schedule, while the remaining third follows a December annual roll schedule.

SCO tracks the Bloomberg Commodity Balanced WTI Crude Oil Index.

No, SCO is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, SCO is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on SCO is -0.1786%. This is the percent change in the value of SCO over the most recent 1-month period. The 3-month return on SCO is -0.3618%. This is the percent change in the value of SCO over the most recent 3-month period.

The standard deviation of SCO for the past year is 0.5942%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to SCO include ZSL, DGP, and GLL.

ETFs correlated to SCO include ERY, OILD, and DUG.

ETFs that are inversely correlated to SCO include UCO, OILK, and USO.

Yes, SCO is a Inverse (-2x) ETF: This means that SCO will try to match the performance of Bloomberg Commodity Balanced WTI Crude Oil Index, but with 2x the returns.

Yes, SCO is a Inverse (-2x) leveraged ETF: This means that SCO will try to match the performance of Bloomberg Commodity Balanced WTI Crude Oil Index, but move 2x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.