UCOProShares Ultra Bloomberg Crude Oil
The fund seeks to meet its investment objective by investing, under normal market conditions, in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts, forward contracts, and option contracts) based on WTI sweet, light crude oil. It will not invest directly in oil.
ProShares · Since 2008 (17 years)
1.47%
#5176 out of 5,332 ETFs
$622M
#1287 out of 5,332 ETFs
0.00%
17 years
#655 out of 5,332 ETFs
Performance
1 Year
+146.4%
3 Years
+22.6%
5 Years
+26.5%
What's inside
Top holdings
Risk profile
54.8%
High
-98.8%
Worst peak-to-trough loss
0.59
Decent risk-adjusted returns
0.82
Moderate downside risk
Similar ETFs
Our 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
Data updated on 2026-05-05