PAPI vs UCO
Comparison between PARAMETRIC EQUITY PREMIUM INCOME ETF (PAPI, ETF) and ProShares Ultra Bloomberg Crude Oil 2x Shares (UCO, ETF).
PAPI vs UCO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PAPI
$385M
UCO
$385M
Expense Ratio
PAPI
0.29%
UCO
N/A
Max Drawdown
Winner
PAPI
16.74%
UCO
99.95%
Sharpe Ratio
Winner
PAPI
0.84
UCO
0.71
5Y Beta
PAPI
0.42
Winner
UCO
0.28
P/E Ratio
PAPI
20.75
UCO
N/A
Forward P/E
PAPI
14.61
UCO
N/A
PEG Ratio
PAPI
0.50
UCO
N/A
5Y EPS CAGR
PAPI
7.58%
UCO
N/A
Debt to Equity
PAPI
-2.54%
UCO
N/A
P/S Ratio
PAPI
1.26
UCO
N/A
P/B Ratio
PAPI
2.37
UCO
N/A
PAPI vs UCO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PAPI
+0.89%
UCO
-30.80%
3M
Winner
PAPI
-0.04%
UCO
-18.72%
6M
PAPI
+6.42%
Winner
UCO
+64.11%
1Y
PAPI
+12.75%
Winner
UCO
+44.07%
5Y(CAGR)
PAPI
N/A
UCO
+10.81%
10Y(CAGR)
PAPI
N/A
UCO
-14.04%
Max(CAGR)
Winner
PAPI
+10.57%
UCO
-25.24%
PAPI vs UCO - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | PAPI | UCO |
|---|---|---|
| 2026 | +6.55% | +69.64% |
| 2025 | +6.57% | -31.54% |
| 2024 | +8.40% | +7.72% |
| 2023 | +5.35% | -7.84% |
| 2022 | N/A | +36.75% |
| 2021 | N/A | +147.94% |
| 2020 | N/A | -92.92% |
| 2019 | N/A | +48.58% |
| 2018 | N/A | -43.64% |
| 2017 | N/A | +5.02% |
| 2016 | N/A | -6.63% |
| 2015 | N/A | -74.69% |
| 2014 | N/A | -65.71% |
| 2013 | N/A | +7.11% |
| 2012 | N/A | -33.90% |
| 2011 | N/A | -18.64% |
| 2010 | N/A | -5.98% |
| 2009 | N/A | -19.03% |
| 2008 | N/A | -37.00% |
PAPI vs UCO Drawdown Comparison
The maximum drawdown for PAPI was -14.28%, occurring on Apr 8, 2025. Recovery took 260 trading sessions.
The maximum drawdown for UCO was -99.95%, occurring on Apr 28, 2020. This drawdown has not yet recovered.
The current PAPI drawdown is -3.70%. The current UCO drawdown is -99.47%.
| Rank | PAPI | UCO |
|---|---|---|
| #1 | -14.28% Nov 25, 2024 - Dec 10, 2025 | -99.95% Nov 26, 2008 - Apr 28, 2020 |
| #2 | -6.87% Mar 2, 2026 - May 13, 2026 | N/A |
| #3 | -4.39% Mar 28, 2024 - May 17, 2024 | N/A |
| #4 | -4.17% Jul 30, 2024 - Aug 29, 2024 | N/A |
| #5 | -3.89% May 17, 2024 - Jul 16, 2024 | N/A |
| #6 | -3.03% Oct 18, 2024 - Nov 21, 2024 | N/A |
| #7 | -2.96% Oct 19, 2023 - Nov 3, 2023 | N/A |
| #8 | -2.55% Jan 2, 2024 - Feb 21, 2024 | N/A |
| #9 | -2.46% Aug 30, 2024 - Sep 24, 2024 | N/A |
| #10 | -2.36% Nov 3, 2023 - Nov 30, 2023 | N/A |
| #11 | -1.66% Jul 17, 2024 - Jul 26, 2024 | N/A |
| #12 | -1.51% Dec 15, 2025 - Jan 6, 2026 | N/A |
| #13 | -1.30% Feb 11, 2026 - Feb 27, 2026 | N/A |
| #14 | -1.18% Jan 15, 2026 - Jan 21, 2026 | N/A |
| #15 | -1.01% Dec 14, 2023 - Dec 22, 2023 | N/A |
Correlation
Correlation between PAPI and UCO is 0.17 which considered as a very weak or no correlation - the stocks move independently of each other.
0.17
-101
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