SCO vs SPY

Comparison between ProShares UltraShort Bloomberg Crude Oil -2x Shares (SCO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed SCO, delivering a return of +13.3% compared to -43.0%

SCO vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SCO(ETF)	SPY(ETF)
Net Assets	$970M	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	99.79%	56.47%
Sharpe Ratio	-1.89	2.07
5Y Beta	-0.39	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

SCO

$970M

Winner

SPY

$652B

Expense Ratio

SCO

N/A

SPY

0.09%

Max Drawdown

SCO

99.79%

Winner

SPY

56.47%

Sharpe Ratio

SCO

-1.89

Winner

SPY

2.07

5Y Beta

Winner

SCO

-0.39

SPY

1.00

P/E Ratio

SCO

N/A

SPY

28.24

Forward P/E

SCO

N/A

SPY

21.85

5Y Dividends CAGR

SCO

N/A

SPY

5.43%

5Y EPS CAGR

SCO

N/A

SPY

25.79%

Debt to Equity

SCO

N/A

SPY

22.35%

P/S Ratio

SCO

N/A

SPY

3.55

P/B Ratio

SCO

N/A

SPY

5.29

SCO vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	SCO	SPY
1 month	-14.69%	+9.11%
3 months	-55.22%	+6.59%
6 months	-62.20%	+10.56%
1 year	-67.20%	+32.04%
5 years(CAGR)	-43.02%	+13.35%
10 years(CAGR)	-39.36%	+15.49%
Max(CAGR)	-26.28%	+8.50%

SCO

-14.69%

Winner

SPY

+9.11%

SCO

-55.22%

Winner

SPY

+6.59%

SCO

-62.20%

Winner

SPY

+10.56%

SCO

-67.20%

Winner

SPY

+32.04%

5Y(CAGR)

SCO

-43.02%

Winner

SPY

+13.35%

10Y(CAGR)

SCO

-39.36%

Winner

SPY

+15.49%

Max(CAGR)

SCO

-26.28%

Winner

SPY

+8.50%

SCO vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SCO	SPY
2026	-64.85%	+8.27%
2025	+18.99%	+18.00%
2024	-20.71%	+25.59%
2023	-17.89%	+26.72%
2022	-61.75%	-18.64%
2021	-73.53%	+30.52%
2020	-4.04%	+17.28%
2019	-56.87%	+31.09%
2018	+20.20%	-5.24%
2017	-25.71%	+20.78%
2016	-52.70%	+13.59%
2015	+67.26%	+1.31%
2014	+128.35%	+14.56%
2013	-19.71%	+29.00%
2012	+13.72%	+14.17%
2011	-23.46%	+0.85%
2010	-21.59%	+13.14%
2009	-49.82%	+22.67%
2008	+12.07%	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

SCO vs SPY Drawdown Comparison

The maximum drawdown for SCO was -99.79%, occurring on May 4, 2026. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current SCO drawdown is -99.77%.

Rank	SCO	SPY
#1	-99.79% Feb 18, 2009 - May 4, 2026	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-47.72% Dec 24, 2008 - Feb 13, 2009	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-26.24% Dec 5, 2008 - Dec 22, 2008	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-15.36% Nov 25, 2008 - Dec 1, 2008	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	N/A	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	N/A	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	N/A	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	N/A	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between SCO and SPY is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101