UCO vs PAPI
Comparison between ProShares Ultra Bloomberg Crude Oil 2x Shares (UCO, ETF) and PARAMETRIC EQUITY PREMIUM INCOME ETF (PAPI, ETF).
UCO vs PAPI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
UCO
$385M
Winner
PAPI
$385M
Expense Ratio
UCO
N/A
PAPI
0.29%
Max Drawdown
UCO
99.95%
Winner
PAPI
16.74%
Sharpe Ratio
UCO
0.71
Winner
PAPI
0.84
5Y Beta
Winner
UCO
0.28
PAPI
0.42
P/E Ratio
UCO
N/A
PAPI
20.75
Forward P/E
UCO
N/A
PAPI
14.61
PEG Ratio
UCO
N/A
PAPI
0.50
5Y EPS CAGR
UCO
N/A
PAPI
7.58%
Debt to Equity
UCO
N/A
PAPI
-2.54%
P/S Ratio
UCO
N/A
PAPI
1.26
P/B Ratio
UCO
N/A
PAPI
2.37
UCO vs PAPI - Historical Returns
Returns include dividend reinvestment.
1M
UCO
-30.80%
Winner
PAPI
+0.89%
3M
UCO
-18.72%
Winner
PAPI
-0.04%
6M
Winner
UCO
+64.11%
PAPI
+6.42%
1Y
Winner
UCO
+44.07%
PAPI
+12.75%
5Y(CAGR)
UCO
+10.81%
PAPI
N/A
10Y(CAGR)
UCO
-14.04%
PAPI
N/A
Max(CAGR)
UCO
-25.24%
Winner
PAPI
+10.57%
UCO vs PAPI - Annual Returns (2008 - 2026)
Returns include dividend reinvestment.
| Year | UCO | PAPI |
|---|---|---|
| 2026 | +69.64% | +6.55% |
| 2025 | -31.54% | +6.57% |
| 2024 | +7.72% | +8.40% |
| 2023 | -7.84% | +5.35% |
| 2022 | +36.75% | N/A |
| 2021 | +147.94% | N/A |
| 2020 | -92.92% | N/A |
| 2019 | +48.58% | N/A |
| 2018 | -43.64% | N/A |
| 2017 | +5.02% | N/A |
| 2016 | -6.63% | N/A |
| 2015 | -74.69% | N/A |
| 2014 | -65.71% | N/A |
| 2013 | +7.11% | N/A |
| 2012 | -33.90% | N/A |
| 2011 | -18.64% | N/A |
| 2010 | -5.98% | N/A |
| 2009 | -19.03% | N/A |
| 2008 | -37.00% | N/A |
UCO vs PAPI 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 PAPI was -14.28%, occurring on Apr 8, 2025. Recovery took 260 trading sessions.
The current UCO drawdown is -99.47%. The current PAPI drawdown is -3.70%.
| Rank | UCO | PAPI |
|---|---|---|
| #1 | -99.95% Nov 26, 2008 - Apr 28, 2020 | -14.28% Nov 25, 2024 - Dec 10, 2025 |
| #2 | N/A | -6.87% Mar 2, 2026 - May 13, 2026 |
| #3 | N/A | -4.39% Mar 28, 2024 - May 17, 2024 |
| #4 | N/A | -4.17% Jul 30, 2024 - Aug 29, 2024 |
| #5 | N/A | -3.89% May 17, 2024 - Jul 16, 2024 |
| #6 | N/A | -3.03% Oct 18, 2024 - Nov 21, 2024 |
| #7 | N/A | -2.96% Oct 19, 2023 - Nov 3, 2023 |
| #8 | N/A | -2.55% Jan 2, 2024 - Feb 21, 2024 |
| #9 | N/A | -2.46% Aug 30, 2024 - Sep 24, 2024 |
| #10 | N/A | -2.36% Nov 3, 2023 - Nov 30, 2023 |
| #11 | N/A | -1.66% Jul 17, 2024 - Jul 26, 2024 |
| #12 | N/A | -1.51% Dec 15, 2025 - Jan 6, 2026 |
| #13 | N/A | -1.30% Feb 11, 2026 - Feb 27, 2026 |
| #14 | N/A | -1.18% Jan 15, 2026 - Jan 21, 2026 |
| #15 | N/A | -1.01% Dec 14, 2023 - Dec 22, 2023 |
Correlation
Correlation between UCO and PAPI 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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