UCOProShares Ultra Bloomberg Crude Oil
By ProShares · Launched 2008
1.47%
#5,406 of 5,573 · expensive
$385M
#1,785 of 5,573 · large
+41.8%
17 years
#636 of 5,573 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 1 holdings = 24.9% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Strategy
- The principal investment strategy of UCO involves investing in financial instruments such as futures contracts, swap agreements, and options that provide exposure to its benchmark. The fund aims to achieve its investment objective through daily rebalancing to maintain its targeted exposure, focusing solely on achieving its daily performance goal rather than long-term results.
- Inception date
- November 24, 2008
- Fund family
- ProShares
Similar funds
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged ETF — not a long-term hold
This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.
Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)
Why we flagged this: strategy=leveraged + leveraged_name_or_strategy
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 2026-06-20