{
 "ticker": "UCO",
 "name": "ProShares Ultra Bloomberg Crude Oil",
 "issuer": "ProShares",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/UCO",
 "html": "https://etfiq.com/funds/UCO",
 "markdown": "https://etfiq.com/funds/UCO.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: UCO returned +22.8% where its own daily promise gave +23.6%, 0.8 points short.",
 "key_facts": [
  {
   "key": "what_oilk_did",
   "label": "What OILK did",
   "value": "+12.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UCO, what OILK did: +12.8%, as of Sep 11, 2026."
  },
  {
   "key": "what_2_times_a_day_gives",
   "label": "What +2 times a day gives",
   "value": "+23.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UCO, what +2 times a day gives: +23.6%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "+22.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UCO, what the fund returned: +22.8%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22120.8 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UCO, the fund itself cost: \u22120.8 pts, as of Sep 11, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UCO, expense ratio: not read by ETFIQ, as of Sep 11, 2026."
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "OILK",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "UCO, underlying: OILK, as of Sep 11, 2026."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+2 times the daily move of OILK, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "+1.78 times, against +2 stated",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "OILK",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "asset class, commodity",
   "source": null
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 4, 2010",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "34% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+23.8%",
   "OILK": "+11.6%",
   "+2x the move": "+23.2%",
   "Difference": "+0.6 pts",
   "OILK moved about": "24%"
  },
  {
   "window": "3 months",
   "Fund": "+22.8%",
   "OILK": "+12.8%",
   "+2x the move": "+25.6%",
   "Difference": "\u22122.8 pts",
   "OILK moved about": "34%"
  },
  {
   "window": "6 months",
   "Fund": "+28.1%",
   "OILK": "+17.7%",
   "+2x the move": "+35.5%",
   "Difference": "\u22127.4 pts",
   "OILK moved about": "35%"
  },
  {
   "window": "1 year",
   "Fund": "+128.8%",
   "OILK": "+62.2%",
   "+2x the move": "+124.4%",
   "Difference": "+4.4 pts",
   "OILK moved about": "31%"
  },
  {
   "window": "3 years",
   "Fund": "+44.8%",
   "OILK": "+44.3%",
   "+2x the move": "+88.6%",
   "Difference": "\u221243.8 pts",
   "OILK moved about": "27%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221258.1%",
   "OILK": "+55.6%",
   "+2x the move": "+111.2%",
   "Difference": "\u2212169.3 pts",
   "OILK moved about": "36%"
  }
 ],
 "questions": [
  {
   "q": "Did UCO return +2 times OILK?",
   "a": "Over the window to Sep 11, 2026, OILK moved +12.8% and UCO returned +22.8%. 2 times that move is +25.6%, so the fund came out 2.8 points short of it."
  },
  {
   "q": "Why does UCO not return +2 times over a year?",
   "a": "Because it resets daily. UCO aims at +2 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +2 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}