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DRIP vs SCO

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF

DRIPDNYSE Arca

ProShares UltraShort Bloomberg Crude Oil

SCOBNYSE Arca

Overlap

Expense ratio

SCO −0.06pt a year

DRIP1.01%SCO0.95%

Avg volume · 30D

SCO 4.6×the volume

DRIP1.13MSCO5.23M

10Y return · a year

SCO +2.0pt

DRIP−43.6%SCO−41.6%

DRIP vs SCO Performance

Oct 29, 2021 – Oct 30, 2026

−93.2%DRIP−94.0%SCO

Oct 29, 2021 to Oct 30, 2026. DRIP −93.2%. SCO −94.0%. Use the arrow keys to read each point.−60%−40%−20%0%20%Oct 2021Apr 2024Oct 2026
Expense ratio
DRIP 1.01%
SCO 0.95%, better
Fund size
DRIP $141M
SCO $841M
1Y total return
DRIP −67.8%, better
SCO −78.3%
Yield (12M)
DRIP 4.27%
SCO No data
Holdings
DRIP 5
SCO 1
Avg volume (30D)
DRIP 1.13M sh
SCO 5.23M sh, better
NAV per share
DRIP $30.11
SCO $15.46
52W range

ETF.net Grade

DRIP: Cost 15, Risk 46, Mission not scored, Tradability 36, Holdings not scored, Durability 52. SCO: Cost 65, Risk 34, Mission not scored, Tradability 72, Holdings not scored, Durability 67.
Pillar letters and Scores for DRIP, SCO, with each pillar’s weight
PillarDRIPSCO
Cost30% weightF15B65Higher
Mission25% weightNot scoredNot scored
Risk15% weightC46HigherD34
Tradability15% weightD36A72Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52B67Higher

Rank among Inverse Energy funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DRIP and SCO are both graded against the same 5 Inverse Energy funds, so their Grades compare head to head.

Inverse Energy⁠

Category · 5 funds
See all 5 ›

SCO ranks 1st and DRIP 5th of 5 funds in the Inverse Energy Category.

  1. Rank 1BSCOProShares UltraShort Bloomberg Crude OilScore 59
  2. Rank 2BDUGProShares UltraShort EnergyScore 56
  3. Rank 4CERYDirexion Daily Energy Bear 2X ETFScore 41
  4. Rank 5DDRIPDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETFScore 29

Our read on each fund

ETF.net Research

DRIPDDirexion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF

SCOBProShares UltraShort Bloomberg Crude Oil

In short

DRIP A 2x inverse bet on the shale drillers, not the barrel. DRIP aims for 200% of the daily inverse move of the S&P Oil & Gas Exploration & Production Select Industry Index, a modified equal-weight basket of US E&P stocks, and resets that leverage every day.

SCO A 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

DRIP The fund seeks daily investment results equal to 200% of the inverse performance of the S&P Oil & Gas Exploration & Production Select Industry Index, before fees and expenses.

SCO 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

  • DRIP Shorts the drillers, not the commodity: the reference index is a modified equal-weight basket of domestic exploration and production names spanning large, mid and small caps.direxion.com
  • Most rivals in this bear-energy group track crude (SCO), natural gas (KOLD) or broad energy (DUG, ERY). This one is aimed at the E&P sub-industry itself.
  • On the tape since 2015 and actively traded, so there is usually a two-sided market when you want the position on or off.
  • Direxion dialed the target from 3x to 2x inverse in 2020, so each day's swing is a notch smaller than the fund's original design.sec.gov
  • SCO 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

  • DRIP Leverage resets daily. Hold past a day and compounding takes over, so multi-week results can land far from twice the index's inverse move, in either direction.direxion.com
  • Costs 1.01% net of a waiver through September 1, 2027 (1.03% gross), above the category median and more than the four other bear energy funds in the group.
  • Inverse by design: when E&P stocks rally, the fund aims to fall roughly twice as much, which is why Direxion frames these as tools to be watched daily.direxion.com
  • SCO 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.

Full DRIP profile⁠

Full SCO profile⁠

DRIP vs SCO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DRIP vs SCO Cost

Overpaying DRIP vs SCO

$981

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

  • DRIP 1.01%

    $18,850

  • SCO 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DRIP 1.01%
  • SCO 0.95%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DRIP $18,850SCO $17,869

Year by year

YearDRIPSCOOverpaying
10$1,780$1,678$102
20$6,686$6,322$364
30$18,850$17,869$981

Expense ratio

  • 1.01%DRIP
  • 0.95%SCO, cheaper
  • Middle half of Inverse Energy funds
  • Median 0.95%

SCO cheapest of 5 funds

DRIP 5th cheapest of 5 funds

DRIP vs SCO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DRIP 4.27%
SCO No data
Payout (12M)
DRIP $1.23
SCO None
Last payment
DRIP $0.27
SCO No data
Ex-dividend
DRIP Sep 22, 2026
SCO No data
Paid on
DRIP Sep 29, 2026
SCO No data
Frequency
DRIP Quarterly
SCO No data

Distribution history

Per share, 2018 to 2026, same scale for both

DRIPQuarterly · 23 paymentsAll DRIP payments⁠
One bar per payment. 23 payments from 2018 to 2026 YTD. Mar 20, 2018 $7.73; Jun 19, 2018 $3.09; Sep 25, 2018 $6.68; Dec 27, 2018 $25.11; Mar 19, 2019 $15.02; Sep 24, 2019 $26.87; Dec 23, 2019 $2.71; Dec 22, 2020 $0.28; Mar 21, 2023 $2.70; Jun 21, 2023 $1.22; Sep 19, 2023 $0.93; Dec 21, 2023 $0.89; Mar 19, 2024 $1.77; Jun 25, 2024 $1.43; Sep 24, 2024 $1.24; Dec 23, 2024 $0.34; Mar 25, 2025 $1.11; Jun 24, 2025 $0.56; Sep 23, 2025 $0.60; Dec 23, 2025 $0.31; Mar 24, 2026 $0.28; Jun 23, 2026 $0.37; Sep 22, 2026 $0.27. Use the arrow keys to read each point.$0$25202020232026YTD
SCOAll SCO payments⁠

No distribution history available.

DRIP vs SCO Risk

Fall from peak · 5 years

  • DRIP
  • SCO
Oct 29, 2021 to Oct 30, 2026. Worst fall: SCO −95.5% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DRIP 46.0%, betterSCO 49.5%
Return per unit of riskSharpe ratio, 3 years
DRIP −0.70, betterSCO −0.84
Worst fallMax drawdown, 5 years
DRIP −94.6%, betterSCO −95.5%
Market sensitivityBeta, 5 years
DRIP −0.08SCO −2.47

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