ProShares - UltraShort Bloomberg Crude Oil

Frequently Asked Questions About SCO

What does SCO invest in?

ProShares UltraShort Bloomberg Crude Oil is an investment vehicle engineered to deliver daily returns that are twice the inverse of the Bloomberg Commodity Balanced WTI Crude Oil Index's daily performance. This means that, before accounting for fees and expenses, the fund aims to move in the opposite direction of the index's daily changes, at a magnitude of 200%.

What is the expense ratio of SCO?

ProShares - UltraShort Bloomberg Crude Oil (SCO) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SCO?

ProShares - UltraShort Bloomberg Crude Oil (SCO) manages $800.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is SCO actively managed or an index fund?

SCO is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SCO's is 0.95%) because there's no security selection cost.

When was SCO launched?

ProShares - UltraShort Bloomberg Crude Oil (SCO) launched in November 2008 and is managed by ProShares.

How has SCO performed?

SCO's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.