ProShares UltraShort Bloomberg Crude Oil (SCO) Performance
SCO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −79.7% since Dec 31, 2025
- 1 year
- −78.0% total return
- 5 years
- −42.5% a year
- 10 years
- −40.6% a year
- Since first price
- −28.0% a year since 2008
SCO trailing returns vs SPY, QQQ, AGG
| Period | SCO total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −21.6% | −21.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −37.3% | −37.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −44.5% | −44.5% | +7.8% | +8.4% | −1.5% |
| YTD | −79.7% | −79.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −78.0% | −78.0% | +14.4% | +15.9% | −1.1% |
| 3 years | −76.4%−38.2%/yr | −76.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −93.7%−42.5%/yr | −93.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −99.5%−40.6%/yr | −99.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −99.2%−27.7%/yr | −99.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionNov 25, 2008 | −99.7%−28.0%/yr | −99.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SCO vs SPY
From Nov 25, 2008: SCO grew to $28, SPY to $122,925.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SCO returns by calendar year
5 of 17 full years positive. Best 2014 (+142.3%), worst 2021 (−72.6%). 2026 is year to date.
SCO annual returns table
| Year | SCO | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −79.7% | −80.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.9% | −35.3% | +17.7% | +20.8% | +7.2% |
| 2024 | −19.0% | −30.0% | +24.9% | +25.6% | +1.3% |
| 2023 | −12.4% | −49.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −62.6% | −71.1% | −18.2% | −32.6% | −13.0% |
| 2021 | −72.6% | −74.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −4.2% | −80.5% | +18.3% | +48.6% | +7.5% |
| 2019 | −58.5% | −57.7% | +31.2% | +39.0% | +8.5% |
| 2018 | +19.2% | −49.9% | −4.6% | −0.1% | +0.1% |
| 2017 | −22.4% | −52.3% | +21.7% | +32.7% | +3.6% |
| 2016 | −52.6% | −72.3% | +12.0% | +7.1% | +2.4% |
| 2015 | +74.6% | −50.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +142.3% | −33.5% | +13.5% | +19.2% | +6.0% |
| 2013 | −21.9% | −41.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +4.5% | −41.0% | +16.0% | +18.1% | +3.8% |
| 2011 | −23.9% | −46.0% | +1.9% | +3.4% | +7.7% |
| 2010 | −25.5% | −42.7% | +15.1% | +19.9% | +6.4% |
| 2009 | −56.9% | −78.9% | +26.4% | +54.7% | +3.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SCO largest drawdowns
Now 99.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 18, 2009 | −99.9% | Oct 23, 2026 | not yet | 17.7 years | 17.7 years so far |
| Dec 24, 2008 | −47.7% | Jan 6, 2009 | Feb 13, 2009 | 13 days | 51 days |
| Dec 5, 2008 | −26.2% | Dec 11, 2008 | Dec 22, 2008 | 6 days | 17 days |
| Nov 25, 2008 | −15.4% | Nov 26, 2008 | Dec 1, 2008 | 1 days | 6 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
SCO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2008 |
|---|---|---|---|---|
| Annualized return | −33.4% | −42.0% | −39.9% | −26.9% |
| Volatility (annualized) | 48.7% | 50.3% | 70.9% | 66.7% |
| Sharpe ratio | -0.66 | -0.87 | -0.44 | -0.19 |
| Sortino ratio | -0.81 | -1.04 | -0.71 | -0.31 |
| Best month | +35.0% | +35.0% | +135.0% | +135.0% |
| Worst month | −41.0% | −41.0% | −49.9% | −49.9% |
| Best 12 months | +41.3% | +41.3% | +215.2% | +218.1% |
| Worst 12 months | −71.5% | −71.5% | −86.8% | −86.8% |
| Positive months | 47% | 40% | 38% | 42% |
| Beta vs S&P 500 | 0.11 | -0.46 | -2.02 | — |
| Correlation with S&P 500 | 0.03 | -0.14 | -0.44 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SCO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 204 | −86.8% | −19.0% | +218.1% | 29% |
| 3-year (a year) | 180 | −70.7% | −22.2% | +63.4% | 22% |
| 5-year (a year) | 156 | −55.9% | −22.9% | +26.3% | 33% |
| 10-year (a year) | 96 | −41.5% | −23.7% | +5.2% | 2% |
Every holding period starting at a month-end since 2008. Returns for 3 years and longer are annualized.
SCO performance overview
ProShares UltraShort Bloomberg Crude Oil (SCO) returned −78.0% over the past year and −40.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2008 it has returned −28.0% a year, turning $10,000 into about $28. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −99.9%, from Feb 18, 2009 to Oct 23, 2026; the fund has not yet regained that high. SCO finished 5 of its 17 full calendar years with a gain; the best year was 2014 (+142.3%) and the worst 2021 (−72.6%). Volatility has been 66.7% a year.
Related: SCO chart. See the SCO overview for the latest quote and fund facts.
SCO performance FAQ
What is the SCO return over the past year?
SCO returned −78.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 78.0%.
What is the average annual return of SCO?
SCO has returned −42.5% a year over 5 years, −40.6% a year over 10 years, −28.0% a year since November 25, 2008 (total return, distributions reinvested).
How much would $10,000 invested in SCO be worth?
$10,000 invested in SCO at its first recorded close on November 25, 2008 would be worth about $28 on October 23, 2026 with distributions reinvested.
What was the worst year for SCO?
The worst calendar year was 2021, with a total return of −72.6%. The best was 2014 at +142.3%.
What is the biggest drawdown of SCO?
The largest peak-to-trough decline was −99.9% between February 18, 2009 and October 23, 2026. It has not yet recovered to that high; it is 99.9% below its peak.
How volatile is SCO?
Over the past 3 years SCO had an annualized volatility of 48.7% and a Sharpe ratio of -0.66 (excess return over 1–3 month T-bills per unit of risk).