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DUG vs SCO

ProShares UltraShort Energy

DUGBNYSE Arca

ProShares UltraShort Bloomberg Crude Oil

SCOBNYSE Arca

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

DUG0.95%SCO0.95%

Avg volume · 30D

SCO 28.8×the volume

DUG182KSCO5.23M

10Y return · a year

DUG +7.2pt

DUG−34.4%SCO−41.6%

DUG vs SCO Performance

Oct 29, 2021 – Oct 30, 2026

−92.3%DUG−94.0%SCO

Oct 29, 2021 to Oct 30, 2026. DUG −92.3%. SCO −94.0%. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026
Expense ratio
DUG 0.95%
SCO 0.95%
Fund size
DUG $31M
SCO $841M
1Y total return
DUG −64.4%, better
SCO −78.3%
Yield (12M)
DUG 5.10%
SCO No data
Holdings
DUG 1
SCO 1
Avg volume (30D)
DUG 182K sh
SCO 5.23M sh, better
NAV per share
DUG $11.94
SCO $15.46
52W range

ETF.net Grade

DUG: Cost 65, Risk 53, Mission not scored, Tradability 48, Holdings 0, Durability 43. SCO: Cost 65, Risk 34, Mission not scored, Tradability 72, Holdings not scored, Durability 67.
Pillar letters and Scores for DUG, SCO, with each pillar’s weight
PillarDUGSCO
Cost30% weightB65B65
Mission25% weightNot scoredNot scored
Risk15% weightC53HigherD34
Tradability15% weightC48A72Higher
Holdings10% weightF0Not scored
Durability5% weightC43B67Higher

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. DUG 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 DUG 2nd of 5 funds in the Inverse Energy Category.

  1. Rank 1BSCOProShares UltraShort Bloomberg Crude OilScore 59
  2. Rank 2BDUGProShares UltraShort EnergyScore 56
  3. Rank 3BKOLDProShares UltraShort Bloomberg Natural GasScore 55

Our read on each fund

ETF.net Research

DUGBProShares UltraShort Energy

SCOBProShares UltraShort Bloomberg Crude Oil

In short

DUG The inverse energy trade in stock form: DUG targets -2x the daily move of the S&P 500's energy sector, not barrels of crude. Trading since 2007, it is one of the old hands in a small corner of the market.

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

DUG The fund seeks daily results, before fees and expenses, equal to two times the inverse of the daily performance of the S&P Energy Select Sector SM Index.

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

  • DUG Shorts stocks, not barrels: the stated target is -2x the daily move of the S&P Energy Select Sector Index, the energy names inside the S&P 500.spglobal.com
  • Costs 0.95% net of a waiver through September 30, 2027, near the category median and below Direxion's ERY (0.99%) and DRIP (1.01%), each waived through September 1, 2027.
  • Running since 2007, which makes it one of the longest-lived inverse energy funds, and one of the stronger implementations in a five-fund peer group.
  • ProShares frames it two ways: a short-horizon play on an energy slide, or a hedge against energy exposure held elsewhere.proshares.comproshares.com 2
  • 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

  • DUG The -2x target applies to one day. Hold longer and compounding takes over, so multi-week results can differ significantly from -2x the index move.proshares.com
  • Without the waiver, the stated gross expense is 1.43%, the level the fee schedule reverts to if the waiver lapses after September 30, 2027.
  • Small by ETF standards and only moderately traded, so trading costs weigh more here than in the category's biggest names.
  • 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 DUG profile⁠

Full SCO profile⁠

DUG 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.

DUG vs SCO Cost

Same expense ratio

$17,869

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

  • DUG 0.95%

    $17,869

  • SCO 0.95%

    $17,869

$10,000
30 years

Cost over time

  • DUG 0.95%
  • 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$20K051015202530DUG $17,869SCO $17,869

Year by year

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

Expense ratio

  • 0.95%DUG
  • 0.95%SCO
  • Middle half of Inverse Energy funds
  • Median 0.95%

DUG cheapest of 5 funds

SCO cheapest of 5 funds

DUG vs SCO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
DUG 5.10%
SCO No data
Payout (12M)
DUG $0.61
SCO None
Last payment
DUG $0.08
SCO No data
Ex-dividend
DUG Sep 23, 2026
SCO No data
Paid on
DUG Sep 29, 2026
SCO No data
Frequency
DUG Quarterly
SCO No data

Distribution history

Per share, 2017 to 2026, same scale for both

DUGQuarterly · 23 paymentsAll DUG payments⁠
One bar per payment. 23 payments from 2017 to 2026 YTD. Sep 26, 2018 $0.37; Dec 26, 2018 $2.59; Mar 20, 2019 $0.86; Jun 25, 2019 $0.98; Sep 25, 2019 $1.29; Dec 24, 2019 $1.11; Mar 25, 2020 $0.04; Dec 22, 2022 $0.14; Mar 22, 2023 $0.51; Jun 21, 2023 $0.45; Sep 20, 2023 $0.32; Dec 20, 2023 $0.66; Mar 20, 2024 $0.28; Jun 26, 2024 $0.84; Sep 25, 2024 $0.60; Dec 23, 2024 $0.61; Mar 26, 2025 $0.24; Jun 25, 2025 $0.25; Sep 24, 2025 $0.24; Dec 24, 2025 $0.32; Mar 25, 2026 $0.08; Jun 24, 2026 $0.12; Sep 23, 2026 $0.08. Use the arrow keys to read each point.$0$2.502017202020232026YTD
SCOAll SCO payments⁠

No distribution history available.

DUG vs SCO Risk

Fall from peak · 5 years

  • DUG
  • 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
DUG 38.9%, betterSCO 49.5%
Return per unit of riskSharpe ratio, 3 years
DUG −0.97SCO −0.84, better
Worst fallMax drawdown, 5 years
DUG −93.2%, betterSCO −95.5%
Market sensitivityBeta, 5 years
DUG −0.03SCO −2.47

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