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Beacon

SCOProShares UltraShort Bloomberg Crude Oil

Take a bet17y track recordRanked #52 of 949 in this goal

Seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.

By ProShares · Launched 2008

Annual Cost

1.10%

#5,424 of 5,854 · expensive

Fund Size

$894M

#1,195 of 5,854 · large

Return (1Y)Goal

-54.8%

Track Record

17 years

#623 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$2,741-72.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Commodity

Strategy

Inverse

Index tracked

Bloomberg WTI Crude Oil Subindex

What it actually holds

By weight

Asset allocation

Cash
118.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
59.7%High

Year-on-year price swings

Max drawdown
-99.5%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.52Below average
Sortino (3Y)
-0.73Moderate downside risk

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.
Strategy
Utilizes a mathematical approach to invest in financial instruments that provide exposure to crude oil futures prices, aiming for two times the inverse daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index. The Fund is not actively managed by traditional methods and seeks to remain fully invested at all times.
Inception date
November 24, 2008
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

You can be right and still lose

This fund returns the opposite of its benchmark's daily move, then resets. Hold it longer and the daily compounding takes over: the market can move your way over a week and you still finish down. It works as a one-day hedge and nothing beyond that.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03