UCO Fund Description
The ProShares Ultra Bloomberg Crude Oil ETF provides 2x the daily return of an index of futures contracts of WTI crude.
UCO Factset Analytics Insight
UCO seeks double the return of its futures-based index on a daily basis—reflecting both the returns due to price changes on WTI futures contracts as well as any return (positive or negative) from “rolling” those futures contracts. As a geared product, UCO is designed for a one-day holding period; it’s not appropriate for buy-and-hold investors. Daily compounding can lead to the fund’s returns varying significantly from those of the index over holding periods of greater than one day. UCO is a solid choice for a leveraged energy play. Its strong volume and narrow spreads at all levels mean investors large and small have little trouble getting in and out quickly and cheaply. UCO’s expense ratio isn’t cheap, but trading costs are more important here.
UCO MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of December 14, 2017 the ProShares Ultra Bloomberg Crude Oil MSCI ESG Fund Quality Score is 6.86 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. UCO ranks in the 0th percentile within its peer group and in the 90th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
UCO Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UCO. UCO is rated a 5 out of 5.