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SCO

GradeBNew York Stock Exchange Arca

ProShares - UltraShort Bloomberg Crude Oil

Leveraged · Leveraged & Inverse · ProShares · Inception 2008-11-24 · SEC filings

This 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.

$20.34−0.57 (−2.73%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 69 prints from 20.91 to 20.34. Range 20.20 to 20.60. Use the arrow keys to read each point.$20.20$20.40$20.50$20.6010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$1.1B
1Y return
−70.1%
Yield · Last 12 months
—
Holdings
4
Volume · 30D
7.1M sh
NAV per share
$19.96
52W range
low $19.48high $84.16

The ETF.net SCO Grade

B

62/ 100

Rank 1 of 5 in Inverse Energy⁠

Confidence Low

Six-pillar profile for SCO. Scores out of 100: Cost 76, Risk 35, Mission not scored, Tradability 63, Holdings not scored, Durability 67. Strongest: Cost (76). Weakest: Risk (35). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 76
    Category rank2/5 · top 40%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 35
    Category rank5/5 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 63
    Category rank1/5 · top 20%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 67
    Category rank1/5 · top 20%

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on SCO

ETF.net Research

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

  1. 01Targets -2x the daily move of the Bloomberg Commodity Balanced WTI Crude Oil Index, a specific daily mandate rather than a vague short-oil pitch.
  2. 020.95% expense ratio sits under the 1.03% cohort median and undercuts bear-energy peers DRIP, ERY and DUG.
  3. 03Trading since 2008 and among the most actively traded funds in its niche, which usually shows up as easier entries and exits.
  4. 04Stands among the stronger implementations in its small bear-energy peer group.

Worth knowing

  1. 01The leverage resets daily. Hold past a day and compounding can pull results away from -2x the period's oil move, especially in choppy markets.
  2. 02Structured as a commodity pool, not a standard registered fund, so reporting and tax paperwork differ from an equity ETF.proshares.com
  3. 03Doubled-up exposure to one of the market's most volatile commodities means outsized swings in both directions.

SCO Holdings

As of Sep 20, 2026, 6:50 AM
Asset class
Other
Holdings
4
Top-10 weight
100%
Largest holding
Net Other Assets (Liabilities)100.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Net Other Assets (Liabilities)100.00%1,050,992,774$1.1B162

Showing 1–1 of 1 holdings

SCO Performance

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

SCO$2,985
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. SCO $2,985. SPY $11,723. Use the arrow keys to read each point.$2,072$7,400$12,728Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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−73.3%
1 month−11.4%
3 months−36.1%
1 year−70.1%
3 years−32.2%per year
5 years−42.4%per year
10 years−40.2%per year

As of the close, 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−73.3%
2025+15.9%
2024−19.0%
2023−12.4%
2022−62.6%
2021−72.6%
2020−4.2%

SCO in the news

ETF.net Research hasn’t filed on SCO yet — coverage lands here as it’s written.

SCO Dividends

This fund pays no distributions.
—Last 12 months
Payout per share
—Last 12 months

No distributions in the last 12 months.

SCO Risk

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.
48.1%
Annualised · 36 months to Aug 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.
−0.62
vs 3-month T-bills · to Aug 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.
−94.3%
Trough Sep 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.

SCO Cost

Expense ratio0.95%
  • The middle half of Inverse Energy funds
  • Median 1.03%

No Inverse Energy fund charges less.

SCO costs $95.00 a year on $10,000. The median Inverse Energy fund costs $103.00.