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Launched · SEC filings

ProShares UltraShort Bloomberg Crude Oil

SCONYSE ArcaProSharesBThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.

$19.19−0.01 (−0.05%)

At close: Nov 5, 2026, 4:00 PM ET

B58/ 100

Rank 1 of 5 in Inverse Energy

B58/100Rank 1 of 5inInverse Energy
Intraday session: down, 79 prints from 19.20 to 19.19. Range 19.03 to 19.43. Use the arrow keys to read each point.19.1019.3019.4010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$959M
1Y total return
−74.0%
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
5.45M sh
52W range
low $15.26high $84.16
Launched
Filings
SEC EDGAR

The ETF.net SCO Grade

Based on 4 of 6 pillars

B

Score 58 out of 100

Category
Inverse Energy⁠
Rank
1 of 5
Six-pillar profile for SCO. Scores out of 100: Cost 65, Risk 34, Mission not scored, Tradability 68, Holdings not scored, Durability 67. Strongest: Tradability (68). Weakest: Risk (34). Based on 4 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B65 out of 100
    Rank 1 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D34 out of 100
    Rank 5 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B68 out of 100
    Rank 1 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    Not scored

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 1 of 5

Our read on SCO

ETF.net Research

In short

BA 2008-vintage double-short on crude: built to deliver -2x the daily move of a balanced WTI crude oil index. Cheaper than most bear-energy rivals, heavily traded, and it resets every day.

Stated mandate

SCO seeks daily pre-fee results corresponding to negative two times the daily performance of the Bloomberg Commodity Balanced WTI Crude Oil Index.

Why people hold it

  • Targets -2x the daily move of the Bloomberg Commodity Balanced WTI Crude Oil Index, a specific daily mandate rather than a vague short-oil pitch.
  • 0.95% expense ratio sits under the 1.03% cohort median and undercuts bear-energy peers DRIP, ERY and DUG.
  • Trading since 2008 and among the most actively traded funds in its niche, which usually shows up as easier entries and exits.
  • Stands among the stronger implementations in its small bear-energy peer group.

Worth knowing

  • The leverage resets daily. Hold past a day and compounding can pull results away from -2x the period's oil move, especially in choppy markets.
  • Structured as a commodity pool, not a standard registered fund, so reporting and tax paperwork differ from an equity ETF.proshares.com
  • Doubled-up exposure to one of the market's most volatile commodities means outsized swings in both directions.

SCO Performance

Launched Nov 24, 2008

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

SCO$2,603
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. SCO $2,603. SPY $10,934. Use the arrow keys to read each point.$2,500$5,000$7,500$10,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for SCO. Periods over one year show the average yearly return.
PeriodSCO
Year to date−75.5%
1 month−2.0%
3 months−37.9%
1 year−74.0%
3 yearsper year−35.6%
5 yearsper year−40.7%
10 yearsper year−41.1%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for SCO
YearReturn barSCO
2026 YTD−75.5%
2025+15.9%
2024−19.0%
2023−12.4%
2022−62.6%
2021−72.6%
2020−4.2%

SCO in the news

SCO Dividends

This fund pays no distributions.
No dataLast 12 months
Payout per share
No dataLast 12 months

No distributions in the last 12 months.

SCO Risk

Risk pillarD34 out of 100Rank 5 of 5 in Inverse Energy

This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.

How much the fund’s monthly returns vary, scaled to a year.
49.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.84
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−95.5%
Trough Oct 2026
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
−2.47
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

SCO Cost

Tied cheapest in Inverse Energy

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SCO 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SCO 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SCO $17,869

Year by year

YearSCO
10$1,678
20$6,322
30$17,869

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