{"url":"https://etfiq.com/compare/leverage/sco-vs-uco","section":"compare","title":"SCO vs UCO: which held to its multiple? | ETFIQ","description":"SCO sets out to return -2 times OILK each day and UCO +2 times. Over the three months to Sep 30, 2026 they finished +17.9 pts and +4.3 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, SCO or UCO?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, SCO finished 17.9 points from what its multiple implies and UCO finished 4.3 points from its own, so UCO came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SCO and UCO levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on ProShares K-1 Free Crude Oil ETF, SCO at -2 times and UCO at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SCO or UCO?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SCO\u2019s moved at 32% annualized and UCO\u2019s at 32%, so SCO has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SCO or UCO for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, SCO or UCO?","acceptedAnswer":{"@type":"Answer","text":"SCO charges 0.95% a year and UCO charges 0.95%, so SCO is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"SCO vs UCO","item":"https://etfiq.com/compare/leverage/sco-vs-uco"}]},{"@type":"WebPage","name":"SCO vs UCO: which held to its multiple?","description":"SCO sets out to return -2 times OILK each day and UCO +2 times. Over the three months to Sep 30, 2026 they finished +17.9 pts and +4.3 pts away.","url":"https://etfiq.com/compare/leverage/sco-vs-uco","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, SCO finished 1.5 points over and UCO 1.3 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of SCO and UCO","description":"SCO sets out to return -2 times OILK each day and UCO +2 times. Over the three months to Sep 30, 2026 they finished +17.9 pts and +4.3 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/sco-vs-uco","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":6880,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / SCO vs UCO \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n SCO vs UCO: which held to its multiple?\n\n Over three months against its own daily promise, SCO finished 1.5 points over and UCO 1.3 points short.\n Copy this for sharing \n \n ProShares UltraShort Bloomberg Crude Oil and ProShares Ultra Bloomberg Crude Oil.\n\n Download as PDF \n\n \u221245.1% SCO returned, 3 months \n +67.2% UCO returned, 3 months \n +17.9 pts SCO from its stated multiple \n +4.3 pts UCO from its stated multiple \n\n ETFIQ Decay Resistance Score: UCO scores higher\n Did it","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/sco-vs-uco","a":{"ticker":"SCO","name":"ProShares UltraShort Bloomberg Crude Oil","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SCO returned \u221245.1% where its own daily promise gave \u221246.6%, 1.5 points over.","url":"https://etfiq.com/funds/sco","key_facts":[{"label":"What OILK did","value":"+31.5%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221246.6%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221245.1%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.5 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.0bn","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"issuer page"}]},"b":{"ticker":"UCO","name":"ProShares Ultra Bloomberg Crude Oil","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: UCO returned +67.2% where its own daily promise gave +68.5%, 1.3 points short.","url":"https://etfiq.com/funds/uco","key_facts":[{"label":"What OILK did","value":"+31.5%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+68.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+67.2%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22121.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$402m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"issuer page"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/sco-vs-uco"}