UCO vs GNMA
Comparison between ProShares Ultra Bloomberg Crude Oil 2x Shares (UCO, ETF) and ISHARES GNMA BOND ETF (GNMA, ETF).
5-Year PerformanceUCO has outperformed GNMA, delivering a return of +18.8% compared to +0.6%
UCO vs GNMA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
UCO vs GNMA - Historical Returns
Returns include dividend reinvestment.
UCO vs GNMA - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | UCO | GNMA |
|---|---|---|
| 2026 | +121.54% | +1.08% |
| 2025 | -31.54% | +8.45% |
| 2024 | +7.72% | +1.71% |
| 2023 | -7.84% | +4.84% |
| 2022 | +36.75% | -10.46% |
| 2021 | +147.94% | -1.82% |
| 2020 | -92.92% | +3.43% |
| 2019 | +48.58% | +5.88% |
| 2018 | -43.64% | +0.79% |
| 2017 | +5.02% | +1.79% |
| 2016 | -6.63% | +0.96% |
| 2015 | -74.69% | +0.80% |
| 2014 | -65.71% | +6.51% |
| 2013 | +7.11% | -2.32% |
| 2012 | -33.90% | +1.55% |
| 2011 | -18.64% | N/A |
| 2010 | -5.98% | N/A |
| 2009 | -19.03% | N/A |
| 2008 | -37.00% | N/A |
UCO vs GNMA Drawdown Comparison
The maximum drawdown for UCO was -99.95%, occurring on Apr 28, 2020. This drawdown has not yet recovered.
The maximum drawdown for GNMA was -17.09%, occurring on Oct 20, 2022. Recovery took 1416 trading sessions.
The current UCO drawdown is -99.31%. The current GNMA drawdown is -1.25%.
| Rank | UCO | GNMA |
|---|---|---|
| #1 | -99.95% Nov 26, 2008 - Apr 28, 2020 | -17.09% Apr 8, 2020 - Nov 25, 2025 |
| #2 | N/A | -9.58% Aug 15, 2012 - Jan 20, 2016 |
| #3 | N/A | -3.06% Aug 10, 2016 - Sep 5, 2017 |
| #4 | N/A | -2.96% Sep 5, 2017 - Dec 28, 2018 |
| #5 | N/A | -2.61% Feb 27, 2026 - May 19, 2026 |
| #6 | N/A | -2.52% Mar 9, 2020 - Mar 24, 2020 |
| #7 | N/A | -1.33% Jun 15, 2012 - Jul 31, 2012 |
| #8 | N/A | -1.27% May 31, 2012 - Jun 15, 2012 |
| #9 | N/A | -1.25% Feb 11, 2016 - Jun 10, 2016 |
| #10 | N/A | -1.10% Aug 9, 2012 - Aug 15, 2012 |
| #11 | N/A | -1.05% Aug 2, 2012 - Aug 9, 2012 |
| #12 | N/A | -0.84% May 16, 2012 - May 31, 2012 |
| #13 | N/A | -0.84% Mar 13, 2012 - Mar 29, 2012 |
| #14 | N/A | -0.79% Nov 25, 2025 - Dec 31, 2025 |
| #15 | N/A | -0.72% Mar 28, 2019 - May 6, 2019 |
Correlation
Correlation between UCO and GNMA is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
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