Market Data
ProShares Ultra Bloomberg Crude Oil (UCO) is a trading--leveraged commodities exchange-traded fund from ProShares, launched Nov 24, 2008. The fund charges an expense ratio of 1.47% a year and holds $510M in assets.
Holdings & Allocation
ProShares Ultra Bloomberg Crude Oil's largest position is IQMM at 23.04% of the fund, and its top 1 holdings add up to 23.0%.
Behaviour On Record
ProShares Ultra Bloomberg Crude Oil is currently running 72.0% annualised volatility over the last 21 sessions. Measured against UCO's own 13 years of daily returns rather than a market-wide average, that is the 78th percentile — elevated for this fund, against a typical reading of 54.9%.
UCO is trading -97.9% below its running peak. Across 13 full years on file, its median worst-drawdown-in-a-year was -46.2%, and the deepest was -97.9% in 2020. The current drawdown is already deeper than this fund's typical annual low point, which puts it in the part of its range where past recoveries began, and where past declines also continued.
Price sits +27.0% from its 200-day moving average. Against every other day in its history, that gap ranks at the 80th percentile — a wider gap than this fund usually carries. Over the past year UCO closed higher on 55% of sessions, and it is currently 1 session into a rising streak.
On November specifically: over 13 years of records, UCO finished the month higher 3 of 13 times, with a median return of -6.2% and an average of -7.6%. Its strongest month historically has been May at +5.4% on average, its weakest November at -7.6%.
Overnight risk is measurable too: UCO has opened more than 2% away from the prior close in 502 of 3,269 sessions (15.4% of the time), with the largest gaps running +13.1% and -15.9%.
All figures computed from 3,270 daily closes between 2013-11-06 and 2026-11-05, split-adjusted, recomputed daily. Percentiles are against UCO's own 13-year history, not a peer group or index.
News & sentiment
UCO was flat over the month to Nov 6. News tone held between 0 and 92 from Oct 6 to Oct 20, then dropped to 0 on Oct 28.
Technical analysis
On the daily chart UCO ranks at the 98th percentile for momentum against 1,060 stocks and ETFs, a bullish reading.
Institutional ownership
4 of the 11 tracked managers added to UCO in their latest 13F and 6 trimmed. Together their positions are worth $28.0M.
Discover more
Over the six months to Nov 6, UCO returned +26.5%. Of the 15 related stocks and ETFs, none did better.
